Wheaton Precious Metals Corp
WPM
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Wheaton Precious Metals has a strong competitive position in the gold industry, benefiting from a diversified portfolio of precious metal streams and a robust operational strategy.
- In Q2 2026, Wheaton reported a revenue increase of 3% compared to the previous quarter, reaching $929 million.
- The company achieved a net income of $543.236 million in Q2 2026, reflecting its strong profit margins.
- The gold industry is currently facing regulatory challenges and market volatility, which may impact Wheaton's future performance.
- Wheaton's operating margin has compressed to 71.8% in Q2 2026, down from 74.9% in Q1 2026.
- The company's free cash flow was negative at -$3.52 billion, indicating potential liquidity concerns.
Fundamentals
| Market cap | $61.29B | Enterprise value | $63.17B | Trailing P/E | 29.92 | Forward P/E | 27.12 |
| PEG | 0.43 | Price / book | 6.33 | Beta | 1.24 | Dividend yield | 0.58% |
| Revenue growth | 84.7% | Earnings growth | 85.7% | Gross margin | 86.3% | Operating margin | 72.3% |
| Profit margin | 64.7% | ROE | 23.5% | ROA | 14.4% | Debt / equity | 0.20 |
| Current ratio | 0.47 | Free cash flow | -$3.52B | Analyst recommendation | strong_buy | Mean target | $178.51 |
| 52w high | $165.76 | 52w low | $92.57 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $929M | $901M | $865M | $476M | $503M | — |
| Op margin | 71.8% | 74.9% | 74.7% | 66.2% | 65.5% | — |
| Net income | $543M | $582M | $558M | $367M | $292M | — |
| Gross margin | 74.0% | 77.6% | 76.7% | 70.5% | 70.2% | — |
| Gross profit | $688M | $699M | $664M | $336M | $353M | — |
| Operating income | $667M | $675M | $646M | $316M | $330M | — |
- Revenue +3% vs prior quarter ($929M vs $901M).
- Gross margin 74% (was 77.6% prior quarter).
- Operating margin compressed to 71.8%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.3B | $1.3B | $1.0B | $1.1B | — |
| Op margin | 68.3% | 56.8% | 49.7% | 47.3% | — |
| Net income | $1.5B | $529M | $538M | $669M | — |
| Gross margin | 72.2% | 62.5% | 56.4% | 53.1% | — |
| Gross profit | $1.7B | $803M | $573M | $565M | — |
| Operating income | $1.6B | $730M | $505M | $503M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · UBS Adjusts Price Target on Wheaton Precious Metals to $160 From $153, Keeps Buy Rating
2026-10-08 · Aris Mining Reports Higher Q3 2026 Production
2026-10-06 · Wheaton Precious Metals to Release 2026 Third Quarter Results on November 5, 2026
2026-10-06 · Wheaton Precious Metals to Release 2026 Third Quarter Results on November 5, 2026
2026-10-04 · Will New Streaming Deals And Organic Production Outlook Change Wheaton Precious Metals' (TSX:WPM) Narrative
2026-10-02 · Is Wheaton Precious Metals (TSX:WPM) A Bargain Or Fully Priced After Its Pullback?
2026-10-02 · Wheaton Precious Metals (TSX:WPM) Stock Looks Reasonable Despite Cash Flow Upside
2026-09-30 · Gold Miners Tap Streams, Convertibles and Gold Loans to Fund Growth
2026-09-29 · Wheaton Precious Metals Eyes 1.2M Ounces by 2030 as Deal Pipeline Expands
2026-09-28 · Canadian miners slide as gold, silver slump weighs on sector
2026-09-24 · RS or WPM: Which Is the Better Value Stock Right Now?
2026-09-23 · Gold Defied the Fed’s Rate Hike—These 3 Plays Stand Out
Price (daily)
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