Wheaton Precious Metals Corp. (WPM) Up 4.5% — Ready for a Starter Position Here?
Wheaton Precious Metals Corp. (WPM) showed strong performance in the latest session, with the stock advancing 4.50% to close at $117.91 on the NYSE. That move represents a gain of $5.08 from the prior close at $112.83, highlighting solid bullish activity and firm upward momentum. The current price also pushes the stock above its recent 52-week high of $114.36 set on Oct. 16, 2025, indicating that shares are breaking into fresh high ground and extending their uptrend.
Trading activity was healthy, with volume coming in at 1,270,490 shares. While that is below the 90-day average volume of 2,160,736, the strong price climb alongside this level of activity suggests buyers remain in control and the stock is continuing to gain ground. From a technical standpoint, reclaiming and surpassing the previous 52-week high underscores the strength of recent price action and puts the focus on how well the stock can hold these elevated levels.
Within the precious metals space, WPM’s latest advance stands out against several well-known peers such as Southern Copper Corporation (SCCO), Newmont Corporation (NEM), and Agnico Eagle Mines Limited (AEM.TO). While each of these names has seen periods of strength, WPM’s surge to new highs reflects particularly robust upside momentum in the current tape. For investors tracking leadership within the sector, the stock’s breakout above its prior peak and strong single-day percentage gain reinforce its role as one of the more aggressively advancing names in the group.
Why Wheaton Precious Metals Corp. Price is Moving Higher
Wheaton Precious Metals Corp. is seeing strong upside momentum as investors respond to a series of clearly positive catalysts. The stock recently pushed to an all-time high near $114.49 and remains elevated after a gain of more than 12% over the past month and nearly 96% over the past year. Central to this strength is the company’s $300 million gold streaming agreement with Carcetti Capital, tied to the Hemlo Mine acquisition. This deal meaningfully boosts Wheaton’s attributable gold reserves by an estimated 0.19 million–0.31 million ounces, reinforcing its long‑term production profile and future cash‑flow visibility. Investors typically reward royalty and streaming companies that can lock in high‑margin ounces at scale, and this transaction fits that pattern.
Fundamentals are helping sustain the bullish sentiment. Recent results included revenue of $476.3 million, net earnings of $367.2 million and operating cash flow of $383.0 million, alongside robust revenue growth of 54.50% and a profit margin above 50%. Even with a minor earnings and revenue miss in Q3 2025, management’s decision to lift the quarterly dividend by 6.5% signals confidence in the durability of those cash flows. Analyst action has reinforced the positive tone: RBC Capital upgraded the stock to Outperform and raised its target to $130, while Bank of America maintained a Buy rating with only a slight target trim. Coupled with firm precious metals prices and constructive sentiment toward royalty and streaming names, these factors are fueling investor enthusiasm and keeping upward momentum intact relative to peers such as Southern Copper, Newmont, and Agnico Eagle.
What is the Wheaton Precious Metals Corp. Rating - Should I Buy?
Weiss Ratings assigns WPM a B rating. Current recommendation is Buy. This B rating places Wheaton Precious Metals Corp. in the stronger tier of the Materials sector, indicating an overall favorable balance between opportunity and risk for investors seeking exposure to precious metals streaming.
A key strength behind the B (Buy) rating is the company’s operational performance. WPM earns an Excellent Growth Index and an Excellent Efficiency Index, supported by revenue growth of 54.50%, a profit margin of 54.72%, and return on equity of 13.05%. These figures show that Wheaton is not only expanding but doing so with attractive profitability. The Excellent Solvency Index further reinforces the financial foundation, giving the company flexibility to navigate commodity cycles and pursue new streaming agreements.
On the market-performance side, Wheaton holds a Good Total Return Index and a Good Volatility Index. This combination indicates that shareholders have historically been rewarded with competitive returns while avoiding the most extreme price swings that can characterize the Materials space. The forward P/E ratio of 51.21 is elevated, but the B rating signals that, in Weiss Ratings’ view, the company’s quality and growth profile help justify a premium valuation within its sector.
Relative to peers, Wheaton’s B rating aligns it with Southern Copper Corporation (SCCO, B), Newmont Corporation (NEM, B), and Agnico Eagle Mines Limited (AEM.TO, B), while it trails the higher-rated Agnico Eagle Mines Limited (AEM, A). The main trade-off is the Weak Dividend Index, indicating that income investors may find richer payouts elsewhere, but total-return-focused investors may still view WPM as an appealing, higher-quality choice in precious metals.
About Wheaton Precious Metals Corp.
Wheaton Precious Metals Corp. is a leading precious metals streaming company operating within the global materials industry. Rather than owning and operating mines directly, Wheaton provides financing to high-quality mining companies in exchange for the right to purchase a portion of their future precious metal production at predetermined prices. This streaming model gives Wheaton exposure primarily to silver and gold, along with some other precious metals, while leaving operational and technical mining risk with its operating partners. The company’s portfolio spans multiple geographic regions and counterparties, helping diversify production sources and reduce reliance on any single asset or jurisdiction.
A key strength of Wheaton’s business model is its focus on long-life, low-cost mining operations with established or strongly prospective production profiles. By partnering with high-caliber operators and focusing on assets with robust resource bases, Wheaton seeks to secure long-term access to precious metals volumes. The streaming structure can be attractive to mining companies seeking upfront capital for project development or expansion, allowing Wheaton to negotiate favorable contractual terms and embedded optionality on future production. This approach positions Wheaton as a significant player in the precious metals segment of the materials sector, offering exposure to production from a broad portfolio of mines without the full capital intensity or operational complexity associated with traditional mining companies.
Investor Outlook
With a B (Buy) Weiss Rating, Wheaton Precious Metals Corp. (WPM) appears favorably positioned for investors seeking potential for continued gains within the Materials space. The key will be how the stock responds to upcoming sector trends in precious metals and whether its operational performance can sustain or improve its current risk/reward profile. See full rankings of all B-rated Materials stocks inside the Weiss Stock Screener.
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