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Wheaton Precious Metals Corp (WPM)

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Upturn Advisory Summary
10/31/2025: WPM (3-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $128.83
1 Year Target Price $128.83
| 10 | Strong Buy | 
| 4 | Buy | 
| 1 | Hold | 
| 0 | Sell | 
| 0 | Strong Sell | 
Analysis of Past Performance
 Type  Stock  |  Historic Profit  36.4%  |  Avg. Invested days  55  |  Today’s Advisory  PASS   | 
 Upturn Star Rating  ![]()  |  Upturn Advisory Performance   |  Stock Returns Performance   | 
Key Highlights
 Company Size  Large-Cap Stock   |  Market Capitalization  43.98B  USD   |  Price to earnings Ratio  55.47   |  1Y Target Price  128.83   | 
 Price to earnings Ratio  55.47   |  1Y Target Price  128.83   | ||
 Volume (30-day avg)  15   |  Beta  0.58   |  52 Weeks Range  55.14 - 114.36   |  Updated Date  11/2/2025   | 
 52 Weeks Range  55.14 - 114.36   |  Updated Date  11/2/2025   | ||
 Dividends yield (FY)  0.65%   |  Basic EPS (TTM)  1.74   | 
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
 Report Date  2025-11-06   |  When  -   |  Estimate  0.6312   |  Actual  -   | 
Profitability
 Profit Margin  47.46%   |  Operating Margin (TTM)  65.99%   | 
Management Effectiveness
 Return on Assets (TTM)  7.6%   |  Return on Equity (TTM)  10.6%   | 
Valuation
 Trailing PE  55.47   |  Forward PE  38.91   |  Enterprise Value  48928141439   |  Price to Sales(TTM)  26.45   | 
 Enterprise Value  48928141439   |  Price to Sales(TTM)  26.45   | ||
 Enterprise Value to Revenue  29.43   |  Enterprise Value to EBITDA  40.1   |  Shares Outstanding  453955318   |  Shares Floating  453179054   | 
 Shares Outstanding  453955318   |  Shares Floating  453179054   | ||
 Percent Insiders  0.13   |  Percent Institutions  72.28   | 
 Upturn AI SWOT 
Wheaton Precious Metals Corp

Company Overview
 History and Background 
Wheaton Precious Metals Corp. (WPM) was founded in 2004 and initially focused on silver streaming agreements. It has evolved into a leading precious metals streaming company with a diversified portfolio including gold, silver, and other metals. Key milestones include significant streaming agreements with major mining companies and expansion into new commodities.
 Core Business Areas 
- Precious Metals Streaming: Wheaton provides upfront payments to mining companies in exchange for the right to purchase a percentage of their future precious metals production at a predetermined price. This allows the mining companies to obtain financing without diluting equity.
 
 Leadership and Structure 
Randy V. Smallwood serves as President and CEO. The company has a board of directors overseeing its operations and strategic direction. The structure involves technical, financial, and legal teams focused on sourcing and managing streaming agreements.
Top Products and Market Share
 Key Offerings 
- Silver Streams: Wheaton purchases silver from various mining operations at a fixed price, regardless of the market price. Competitors include Royal Gold, Franco-Nevada, and Osisko Gold Royalties. Market share is not easily defined due to the bespoke nature of each stream.
 - Gold Streams: Similar to silver, Wheaton acquires the right to purchase gold at a fixed cost. Competitors include Royal Gold, Franco-Nevada, and Osisko Gold Royalties. Market share is not easily defined due to the bespoke nature of each stream.
 - Palladium Streams: Wheaton also purchases palladium streams from various mining operations, which is a vital resource. Competitors include Royal Gold, Franco-Nevada, and Osisko Gold Royalties. Market share is not easily defined due to the bespoke nature of each stream.
 
Market Dynamics
 Industry Overview 
The precious metals streaming industry provides alternative financing solutions to mining companies. It's driven by metal prices, mining project economics, and availability of traditional financing.
Positioning
Wheaton is a leading player in the streaming industry, known for its diversified portfolio and strong relationships with mining companies. Its competitive advantage lies in its experienced management team and its ability to structure complex streaming agreements.
Total Addressable Market (TAM)
The TAM is dependent on mining companies' financing needs and the availability of attractive projects. Wheaton is positioned to capture a significant share of the streaming market due to its expertise and established relationships.
Upturn SWOT Analysis
Strengths
- Diversified portfolio of streams
 - Strong relationships with mining companies
 - Experienced management team
 - Low operating costs
 - High profit margins
 
Weaknesses
- Reliance on the performance of mining partners
 - Exposure to geopolitical risks in mining jurisdictions
 - Fluctuations in precious metal prices
 - Potential for disputes with mining partners
 
Opportunities
- Acquisition of new streaming agreements
 - Expansion into new commodities
 - Increased demand for precious metals
 - Growing acceptance of streaming as a financing solution
 
Threats
- Declining precious metal prices
 - Increased competition in the streaming industry
 - Political instability in mining regions
 - Environmental regulations impacting mining operations
 
Competitors and Market Share
 Key Competitors 
- FNV
 - RGLD
 - OR
 
Competitive Landscape
Wheaton competes with other streaming and royalty companies. Its advantages include a diversified portfolio and experienced management. Disadvantages may include reliance on specific mining partners.
Major Acquisitions
Alexco Resource Corp
- Year: 2022
 - Acquisition Price (USD millions): 90
 - Strategic Rationale: Strategic rationale was to consolidate ownership over the Keno Hill Silver District.
 
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by the acquisition of new streaming agreements and the increasing production from existing streams.
Future Projections: Future growth is expected to be driven by new streaming acquisitions and higher precious metal prices. Analyst estimates vary based on market conditions.
Recent Initiatives: Recent initiatives include acquiring new streaming agreements, optimizing existing operations, and exploring new commodities.
Summary
Wheaton Precious Metals Corp. is a strong company in the precious metals streaming industry, benefiting from diversified streams and low operating costs. Its success hinges on the performance of its mining partners and precious metals prices. The company should focus on mitigating geopolitical risks and securing new, profitable streaming agreements. Overall, it has a solid growth trajectory and a leading position in the market.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
 - Analyst reports
 - Industry publications
 
Disclaimers:
This analysis is based on available information and estimates. Actual results may vary. Not financial advice.
 AI Summarization is directionally correct and might not be accurate. 
 Summarized information shown could be a few years old and not current. 
 Fundamental Rating based on AI could be based on old data. 
 AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action. 
About Wheaton Precious Metals Corp
 Exchange  NYSE   |  Headquaters  Vancouver, BC, Canada   | ||
 IPO Launch date  2004-07-14   |  CEO & Director  Mr. Randy V. J. Smallwood P.Eng.   | ||
 Sector  Basic Materials   |  Industry  Gold   |  Full time employees  44   |  Website  https://www.wheatonpm.com   | 
 Full time employees  44   |  Website  https://www.wheatonpm.com   | ||
Wheaton Precious Metals Corp. sells precious metals in North America, Europe, Africa, and South America. The company primarily produces and sells gold, silver, palladium, Platinum, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.

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