Wheaton Precious Metals Corp. (WPM) Up 4.6% — Time to Bet on More Upside?
Key Points
Wheaton Precious Metals Corp. (WPM) extended its recent advance with a notably strong session, finishing at $141.63 on the NYSE. The stock gained $6.28 on the day, up 4.64% from the prior close of $135.35, highlighting firm bullish activity and clear upward momentum. This latest move also pushed shares decisively into new high ground, as WPM closed above its prior 52-week peak of $135.72 set on Jan. 16, 2026. Trading at these levels underscores that the stock is not only holding prior gains but actively surging into uncharted territory, reinforcing the strength of the current price trend.
Volume came in at 1,515,308 shares, somewhat below the 90-day average of 2,110,801, suggesting that the price advance is occurring with relatively moderate trading activity rather than a speculative spike. Even so, the stock’s ability to gain ground and break through its previous 52-week high with this kind of volume backdrop points to solid underlying demand. Within the precious metals and mining space, WPM’s performance stands out as particularly strong compared with notable names such as Southern Copper (SCCO), Newmont (NEM) and Agnico Eagle (AEM), where recent moves have been comparatively more restrained. Overall, the stock’s action reflects a market that is rewarding WPM with a clear upside bias, as it advances to fresh highs and continues to build on its bullish price trajectory.
Why Wheaton Precious Metals Corp. Price is Moving Higher
Wheaton Precious Metals Corp. has been climbing steadily, advancing from $124.74 on Jan. 9 to the mid-$130s by Jan. 19, even as many gold miners have struggled with a sector-wide pullback. Investor enthusiasm is building around WPM’s ability to outperform during a period of precious metals volatility. Unlike traditional miners, Wheaton’s streaming model — where it purchases the right to buy metal at predetermined prices — offers more predictable cash flows and helps cushion the impact of spot-price swings. That relative stability is drawing investors who still want exposure to gold and silver upside but with less operational and cost-risk than typical mining stocks.
Fundamentals are reinforcing this positive sentiment. Wheaton’s revenue growth of 54.50% and profit margin above 50% highlight a business that is not only expanding but doing so with robust profitability. Those kinds of margins and growth rates stand out in the Materials sector and help explain why traders have been willing to bid the shares higher despite choppy commodity markets. The recent rally from the low-$120s to the mid-$130s reflects a momentum tailwind, as the stock has posted consecutive sessions of higher closes through mid-January. Against a backdrop where peers such as Southern Copper, Newmont and Agnico Eagle have been pressured by the gold slump, WPM’s stronger price performance is reinforcing a bullish narrative: investors are rewarding quality, growth and resilience within the precious metals space, and Wheaton is currently one of the prime beneficiaries.
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 higher-quality tier of its Materials sector, signaling an overall favorable balance of upside potential and risk for investors seeking exposure to precious metals. The rating reflects a company that has historically rewarded shareholders while maintaining disciplined financial and operational standards.
The company’s profile is anchored by the Excellent Growth Index and Excellent Efficiency Index, indicating that management is converting a 54.50% revenue growth rate and a 54.72% profit margin into strong operational performance and attractive returns on capital, including a 13.05% return on equity. The Excellent Solvency Index further supports the B rating, showing a solid balance sheet that can support the business across commodity cycles. Together, these strengths help justify WPM’s elevated forward P/E ratio of 61.44, as the market is clearly pricing in continued growth and stability.
From a market-performance standpoint, WPM’s Good Total Return Index and Good Volatility Index point to a history of competitive returns with manageable price swings compared with similar stocks. The main area of relative weakness is income: a Weak Dividend Index indicates that WPM is less compelling for investors focused primarily on dividend yield and dividend growth.
Within its peer group, Wheaton Precious Metals Corp. stands alongside other B-rated Materials names such as Southern Copper Corporation (SCCO, B), Newmont Corporation (NEM, B), and Agnico Eagle Mines Limited (AEM, B). This positions Wheaton Precious Metals as a credible, higher-rated option for investors seeking quality exposure to the precious metals space with a growth-oriented profile.
About Wheaton Precious Metals Corp.
Wheaton Precious Metals Corp. is a leading precious metals streaming company, operating primarily in the acquisition of high-quality gold, silver and other precious metal streams. Rather than owning and operating mines directly, Wheaton provides upfront financing to mining companies in exchange for the right to purchase a portion of future metal production at a predetermined, typically low, cost. This streaming model allows the company to leverage the production profiles of multiple mining partners across diverse geographies and commodities, while maintaining a relatively lean operating structure compared with traditional miners in the Materials sector.
The company’s portfolio is anchored by long-life, low-cost mining operations operated by established producers, giving Wheaton exposure to some of the industry’s more robust projects without assuming day-to-day operational risk. Its contracts typically cover by-product production from large base metals mines as well as primary precious metals assets, which can enhance overall portfolio stability and diversification. This approach positions Wheaton as a significant player in the global precious metals market, with exposure to both established and emerging mining regions.
Wheaton’s competitive advantages center on its scalable streaming model, technical expertise in evaluating mining assets and disciplined approach to capital allocation. By focusing on assets with favorable geology, strong operators and clear mine plans, the company seeks to assemble a portfolio that can perform across commodity cycles. In the broader Materials industry, Wheaton’s streaming structure stands out as an alternative way to gain participation in precious metals production, combining operational leverage to metal prices with reduced direct exposure to mining operational challenges.
Investor Outlook
With a B (Buy) Weiss Rating, Wheaton Precious Metals Corp. (WPM) appears favorably positioned for investors watching for potential continued gains in the Materials space. Going forward, investors may want to monitor how the stock behaves around recent price levels, along with broader precious metals trends and any shifts that could impact its risk/reward profile and rating trajectory. See full rankings of all B-rated Materials stocks inside the Weiss Stock Screener.
--