Wheaton Precious Metals Corp.
WPM · Price history
Price at last available close
$124.11
−$11.51 (-8.49%) 1M
2026-10-28
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Company & revenue
About Wheaton Precious Metals Corp.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Wheaton Precious Metals Corp. functions as a streaming enterprise, primarily engaged in the global distribution of valuable metals. Its offerings encompass deposits of gold, silver, palladium, and cobalt. The company maintains a substantial portfolio, holding stakes in 23 operational mines and an additional 13 development ventures.
How they make money
Wheaton Precious Metals operates as a precious metals streaming company. It provides upfront capital to mining companies in exchange for the right to purchase a percentage of their future precious metal and cobalt production at a predetermined, lower-than-market delivery price, which it then sells at prevailing market spot prices.
Products & services
The company sells gold, silver, palladium, and cobalt acquired through long-term streaming and royalty agreements with third-party mining operators.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer concentration
The company sells its metals to a diverse group of global bullion and concentrate markets and financial counterparties, and does not disclose specific customer concentration in its 2025 annual filings.
Suppliers, materials & equipment
- Mining Operators — Third-party mining companies that operate the mines and deliver precious metals and cobalt to Wheaton under PMPAs; specific supplier companies are numerous and unnamed in the aggregate.Source
Business relationships & partnerships
- Mining Partners — Wheaton enters into long-term Precious Metal Purchase Agreements (PMPAs) with various mining companies, providing upfront financing for mine development or expansion in exchange for future metal production.Source
Competitors
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 23866.4% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
55
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
75
Strong
Financial Strength
37
Business Quality / Moat
83
Management
100
Growth Quality
99
Risk / Durability
87
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
74
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
74/100
Building Historical Record
Model Score 74/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
No strong positive signal is being highlighted from the currently available summary data.
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for WPM
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can WPM maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is WPM's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is WPM's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of WPM's score?
Essential Investment Snapshot
Wall Street Score
55
Opportunity Score
74
Market Cap
$56.54B
P/E Ratio
27.1
EPS
$4.52
52-Week High
$165.76
52-Week Low
$92.57
Beta
1.24
Intrinsic Value
$174.02
Analyst Target
$160.00
Shares Outstanding
454.7M
Total Revenue
$3.17B
Total Debt
$1.98B
Reported Dividend Yield
0.54%
Liquidation Value / Share
$21.31
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for WPM
Detected from reported data — verify before acting.Dividend history reported
The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.
Community Sentiment
0 active · 0 total callsNo personal call yet on WPM.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +High-quality, long-life, low-cost asset portfolio.
- +Lower risk profile compared to traditional mining companies.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Gold industry.
- −Dependence on third-party mine operators for production.
- −Counterparty risk regarding the ability of PMPA partners to comply with contractual obligations.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
55
Oct 1, 2026
Change
Unchanged
Current Score
55
Oct 26, 2026
Category Changes
WPM score was unchanged.
Positive Contributors
- + Valuation improved by 10.8 points
Projected Score
Projected Score
55
Projected Change
+0.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 0.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$124.50
Model Intrinsic Value
$174.02
Difference
−$49.52
-28.5% vs IV
Margin of Safety
28.5%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +83.3%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.20B | $2.36B | $1.28B | $1.02B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $795.1M | $655.5M | $482.1M | $442.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $2.40B | $1.70B | $802.6M | $573.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $72.2M | $79.4M | $61.6M | $58.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $70.7M | $79.4M | $181.8M | $68.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $2.81B | $2.04B | $892.9M | $755.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $2.33B | $1.62B | $620.8M | $505.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $34.8M | $5.9M | $5.5M | $5.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $2.42B | $1.73B | $644.3M | $539.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $351.2M | $230.3M | $115.2M | $1.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $2.07B | $1.50B | $529.1M | $537.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $4.56 | $3.30 | $1.17 | $1.19 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 454M | 454M | 453M | 453M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 455M | 455M | 454M | 453M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$929.2M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$1.19
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+23866.4%
Cash Change
-90.0%
Margin Change
+0.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, net income margin. Pressure indicators included cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 84.7%. EPS increased 85.9%. Cash declined 90.0%. Total debt increased 23866.4%. Net income margin improved by 0.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · WPM
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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