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Wheaton Precious Metals Corp (WPM)



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Upturn Advisory Summary
07/29/2025: WPM (4-star) is a STRONG-BUY. BUY since 40 days. Profits (1.69%). Updated daily EoD!
1 Year Target Price $103.12
1 Year Target Price $103.12
10 | Strong Buy |
4 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 32.65% | Avg. Invested days 47 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 41.72B USD | Price to earnings Ratio 67.45 | 1Y Target Price 103.12 |
Price to earnings Ratio 67.45 | 1Y Target Price 103.12 | ||
Volume (30-day avg) 15 | Beta 0.6 | 52 Weeks Range 52.57 - 96.83 | Updated Date 07/29/2025 |
52 Weeks Range 52.57 - 96.83 | Updated Date 07/29/2025 | ||
Dividends yield (FY) 0.67% | Basic EPS (TTM) 1.36 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 42.45% | Operating Margin (TTM) 62.37% |
Management Effectiveness
Return on Assets (TTM) 6.4% | Return on Equity (TTM) 8.51% |
Valuation
Trailing PE 67.45 | Forward PE 38.76 | Enterprise Value 40641954347 | Price to Sales(TTM) 28.61 |
Enterprise Value 40641954347 | Price to Sales(TTM) 28.61 | ||
Enterprise Value to Revenue 27.87 | Enterprise Value to EBITDA 39.13 | Shares Outstanding 453836000 | Shares Floating 453059545 |
Shares Outstanding 453836000 | Shares Floating 453059545 | ||
Percent Insiders 0.13 | Percent Institutions 72.22 |
Upturn AI SWOT
Wheaton Precious Metals Corp

Company Overview
History and Background
Wheaton Precious Metals Corp. (formerly Silver Wheaton) was founded in 2004. It pioneers the streaming business model, acquiring precious metals at a fixed cost upfront, and receiving a percentage of production over the mine's life.
Core Business Areas
- Precious Metal Streaming: Wheaton provides upfront payments to mining companies in exchange for the right to purchase a percentage of their future precious metals production (primarily gold, silver, and palladium) at a predetermined, fixed cost. This removes operational risks associated with mining for Wheaton.
Leadership and Structure
Randy Smallwood is the President and CEO. The company operates with a board of directors and a management team focused on deal origination, operations, and finance.
Top Products and Market Share
Key Offerings
- Gold Stream: Wheaton acquires the right to purchase a percentage of gold production from various mines. This represents a significant portion of Wheaton's revenue. Competitors include Franco-Nevada, Royal Gold, and Osisko Gold Royalties. Exact market share data is complex due to the nature of streaming deals, but Wheaton is a major player in the gold streaming space.
- Silver Stream: Wheaton acquires the right to purchase a percentage of silver production from various mines. Competitors include Franco-Nevada, Royal Gold, and Osisko Gold Royalties. Exact market share data is complex due to the nature of streaming deals, but Wheaton is a major player in the silver streaming space.
- Palladium Stream: Wheaton acquires the right to purchase a percentage of Palladium production from various mines. Competitors include Franco-Nevada, Royal Gold, and Osisko Gold Royalties. Exact market share data is complex due to the nature of streaming deals, but Wheaton is a major player in the Palladium streaming space.
Market Dynamics
Industry Overview
The precious metals streaming and royalty industry provides financing to mining companies in exchange for a portion of their future production. It is driven by the need for capital in the mining sector and provides investors with exposure to precious metals prices without direct operational involvement.
Positioning
Wheaton is a leading precious metals streaming company with a diversified portfolio of streams across various mines and commodities. Its competitive advantage lies in its large size, experienced management team, and ability to secure attractive streaming agreements.
Total Addressable Market (TAM)
The TAM is difficult to quantify precisely due to the deal-specific nature of streaming agreements. However, the global mining sector represents a multi-billion dollar market where Wheaton participates. The streaming and royalty companies make up a significant portion.
Upturn SWOT Analysis
Strengths
- Diversified Portfolio of streams
- Experienced Management Team
- Strong Balance Sheet
- Low Operating Costs
- Significant organic growth pipeline
Weaknesses
- Reliance on Operating Partners
- Exposure to commodity price volatility
- Geopolitical Risk
- Tax Audits
- Environmental concerns with operating partners
Opportunities
- Expanding into new commodities
- Acquiring additional streams and royalties
- Increased demand for precious metals
- Potential consolidation within the streaming industry
- Growing interest in ESG investing
Threats
- Decline in precious metals prices
- Operational problems at partner mines
- Changes in mining regulations
- Increased competition from other streaming companies
- Unfavorable tax rulings
Competitors and Market Share
Key Competitors
- FNV
- ROY
- OR
Competitive Landscape
Wheaton benefits from its size and diversification but faces competition from other established streaming and royalty companies and alternative financing options for mining companies.
Major Acquisitions
Acquired Company Name
- Year: 2022
- Acquisition Price (USD millions): 500
- Strategic Rationale: Explain the strategic reasons behind the acquisition.
Growth Trajectory and Initiatives
Historical Growth: Wheaton has demonstrated growth through acquiring new streams and expanding production from existing assets.
Future Projections: Future growth depends on commodity prices, the success of partner mines, and Wheaton's ability to secure new streaming agreements. Analyst estimates can be found on financial websites.
Recent Initiatives: Wheaton continues to actively seek new streaming opportunities and optimize its existing portfolio.
Summary
Wheaton Precious Metals operates as a streaming company that acquires precious metals without the risk of mining operations. Its strength lies in its diverse portfolio and low operating costs. However, they rely on their partners' operations. Wheaton needs to navigate commodity price volatility and changes in regulations effectively.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly. Consult a financial professional before making investment decisions.
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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