Wheaton Precious Metals Corp. showcases strong performance with a notable earnings beat, signaling strength in its business model.
Recent earnings trend
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Wheaton Precious Metals Corp
WPM.TO
WPM.TO
Wheaton Precious Metals Corp
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Market cap
$85.07B
P/E
29.7x
52W high
$225.99
52W low
$125.31
1W change
+22.85%
Beta
1.19
Analyst Price Targets
Based on analyst covering WPM
Wall Street analysts forecast WPM stock price to rise 25.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$234.62
+25.3% Upside
Current Price
C$187.32
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on WPM's historical volatility
30-Day Vol
48.7%
Annualized
90-Day Vol
53.3%
Annualized
Trend (90d)
-18.5%
Annualized drift
90d Mean
C$175.34
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$183.24 | C$154.89 – C$216.77 |
| 60 trading days | C$179.24 | C$141.32 – C$227.34 |
| 90 trading days | C$175.34 | C$131.05 – C$234.58 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 7 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | — | 1.2300 | — |
| 2026-06-30 | 2026-08-06 | 1.1900 | 1.1600 | +2.6% |
| 2026-03-31 | 2026-05-07 | 1.2800 | 1.2200 | +4.9% |
| 2025-12-31 | 2026-03-12 | 1.2300 | 1.1200 | +9.8% |
| 2025-09-30 | 2025-11-06 | 0.6200 | 0.5800 | +6.9% |
| 2025-06-30 | 2025-08-06 | 0.6300 | 0.5900 | +6.8% |
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Wheaton Precious Metals Corp. (WPM.TO) reported its Q2 2026 earnings on August 6, 2026, revealing solid financial results that exceeded analyst expectations. The company achieved earnings per share (EPS) of CA$1.19, beating the consensus estimate of CA$1.16 by 2.6%. This continues Wheaton's trend of surpassing earnings estimates, having done so for the last four quarters.
Investor takeaway: Wheaton's consistent ability to exceed earnings expectations, along with significant revenue growth, positions it well for future success. The company's streaming model and recent dividend increase reflect confidence in its cash generation capabilities, making it an attractive option for investors in the materials sector.
Earnings Surprise of 2.6% with Revenue Growth of 84.7%
Wheaton Precious Metals reported revenue of CA$929.2 million, marking an impressive 84.7% increase year-over-year. This highlights the effectiveness of its streaming model in generating substantial cash flow.
Bull case
The recent 18% dividend increase shows Wheaton's strong cash flow and commitment to returning value to shareholders. With record revenue and net income figures, the company is well-positioned to take advantage of its streaming model, which offers flexibility and stability in a volatile market.
Bear case
While the earnings beat is promising, the increased dividend commitment raises questions about sustainability, especially if production or earnings growth slows down. Additionally, external pressures like taxes and competition for new streams could affect cash flow and profitability.
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