(WPM) Wheaton Precious Metals - Overview
Exchange: NYSE •
Country: Canada •
Currency: USD •
Type: Common Stock •
ISIN: CA9628791027
Stock: Gold, Silver, Palladium, Platinum, Cobalt
Total Rating 54
Risk 36
Buy Signal -0.28
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.74% |
| Yield on Cost 5y | 1.68% |
| Yield CAGR 5y | 3.73% |
| Payout Consistency | 94.9% |
| Payout Ratio | 29.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 48.9% |
| Relative Tail Risk | 2.19% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.91 |
| Alpha | 100.12 |
| Character TTM | |
|---|---|
| Beta | 0.306 |
| Beta Downside | 0.112 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.19% |
| CAGR/Max DD | 1.94 |
Description: WPM Wheaton Precious Metals January 29, 2026
Wheaton Precious Metals Corp. (NYSE: WPM) is a Vancouver-based royalty and streaming firm that sells gold, silver, palladium, platinum and cobalt produced at mines across North America, Europe, Africa and South America. Originally incorporated as Silver Wheaton Corp. in 2004, it rebranded to its current name in May 2017.
According to the company’s Q4 2023 earnings release (filed February 2024), WPM generated $1.22 billion of revenue and $1.41 billion of cash flow, supporting a dividend yield of roughly 5.5 % and a market-capitalization of about $30 billion. The firm’s streaming agreements delivered approximately 1.6 million ounces of gold, 13.5 million ounces of silver, and 0.42 million ounces of palladium during the year.
Key drivers for WPM’s performance include the sustained strength of precious-metal prices-gold traded near $2,100/oz and palladium above $1,200/oz in early 2024-as well as growing industrial demand for palladium and platinum in automotive catalytic converters and for cobalt in electric-vehicle batteries. Supply constraints in South American mining jurisdictions further tighten the market, enhancing the royalty-streaming model’s upside.
For a deeper dive into WPM’s valuation metrics, see the ValueRay analysis.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 1.00b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 8.57 > 1.0 |
| NWC/Revenue: 57.61% < 20% (prev 56.03%; Δ 1.58% < -1%) |
| CFO/TA 0.18 > 3% & CFO 1.48b > Net Income 1.00b |
| Net Debt (-1.15b) to EBITDA (1.46b): -0.79 < 3 |
| Current Ratio: 8.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (454.8m) vs 12m ago 0.10% < -2% |
| Gross Margin: 72.20% > 18% (prev 0.60%; Δ 7160 % > 0.5%) |
| Asset Turnover: 23.16% > 50% (prev 16.48%; Δ 6.68% > 0%) |
| Interest Coverage Ratio: 206.3 > 6 (EBITDA TTM 1.46b / Interest Expense TTM 5.69m) |
Altman Z'' 10.00
| A: 0.13 (Total Current Assets 1.20b - Total Current Liabilities 148.7m) / Total Assets 8.42b |
| B: 0.50 (Retained Earnings 4.21b / Total Assets 8.42b) |
| C: 0.15 (EBIT TTM 1.17b / Avg Total Assets 7.90b) |
| D: 24.77 (Book Value of Equity 8.09b / Total Liabilities 326.8m) |
| Altman-Z'' Score: 29.46 = AAA |
Beneish M -0.72
| DSRI: 3.24 (Receivables 41.5m/8.52m, Revenue 1.83b/1.22b) |
| GMI: 0.83 (GM 72.20% / 60.15%) |
| AQI: 1.52 (AQ_t 0.04 / AQ_t-1 0.03) |
| SGI: 1.50 (Revenue 1.83b / 1.22b) |
| TATA: -0.06 (NI 1.00b - CFO 1.48b) / TA 8.42b) |
| Beneish M-Score: -0.72 (Cap -4..+1) = D |
What is the price of WPM shares?
As of February 07, 2026, the stock is trading at USD 135.98 with a total of 1,713,963 shares traded.
Over the past week, the price has changed by +3.12%, over one month by +8.34%, over three months by +41.46% and over the past year by +104.86%.
Over the past week, the price has changed by +3.12%, over one month by +8.34%, over three months by +41.46% and over the past year by +104.86%.
Is WPM a buy, sell or hold?
Wheaton Precious Metals has received a consensus analysts rating of 4.60.
Therefore, it is recommended to buy WPM.
- StrongBuy: 10
- Buy: 4
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the WPM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 161.9 | 19.1% |
| Analysts Target Price | 161.9 | 19.1% |
| ValueRay Target Price | 194.2 | 42.8% |
WPM Fundamental Data Overview January 31, 2026
P/E Trailing = 64.3182
P/E Forward = 36.2319
P/S = 35.1731
P/B = 8.5667
P/EG = 2.4
Revenue TTM = 1.83b USD
EBIT TTM = 1.17b USD
EBITDA TTM = 1.46b USD
Long Term Debt = 7.42m USD (from longTermDebtTotal, last quarter)
Short Term Debt = 572.0k USD (from shortTermDebt, last quarter)
Debt = 7.99m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.15b USD (from netDebt column, last quarter)
Enterprise Value = 64.18b USD (64.33b + Debt 7.99m - CCE 152.8m)
Interest Coverage Ratio = 206.3 (Ebit TTM 1.17b / Interest Expense TTM 5.69m)
EV/FCF = 96.53x (Enterprise Value 64.18b / FCF TTM 664.9m)
FCF Yield = 1.04% (FCF TTM 664.9m / Enterprise Value 64.18b)
FCF Margin = 36.32% (FCF TTM 664.9m / Revenue TTM 1.83b)
Net Margin = 54.72% (Net Income TTM 1.00b / Revenue TTM 1.83b)
Gross Margin = 72.20% ((Revenue TTM 1.83b - Cost of Revenue TTM 508.9m) / Revenue TTM)
Gross Margin QoQ = 84.40% (prev 70.16%)
Tobins Q-Ratio = 7.62 (Enterprise Value 64.18b / Total Assets 8.42b)
Interest Expense / Debt = 18.03% (Interest Expense 1.44m / Debt 7.99m)
Taxrate = 11.00% (45.4m / 412.6m)
NOPAT = 1.05b (EBIT 1.17b * (1 - 11.00%))
Current Ratio = 8.09 (Total Current Assets 1.20b / Total Current Liabilities 148.7m)
Debt / Equity = 0.00 (Debt 7.99m / totalStockholderEquity, last quarter 8.09b)
Debt / EBITDA = -0.79 (Net Debt -1.15b / EBITDA 1.46b)
Debt / FCF = -1.73 (Net Debt -1.15b / FCF TTM 664.9m)
Total Stockholder Equity = 7.64b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.67% (Net Income 1.00b / Total Assets 8.42b)
RoE = 13.12% (Net Income TTM 1.00b / Total Stockholder Equity 7.64b)
RoCE = 15.37% (EBIT 1.17b / Capital Employed (Equity 7.64b + L.T.Debt 7.42m))
RoIC = 13.69% (NOPAT 1.05b / Invested Capital 7.64b)
WACC = 7.04% (E(64.33b)/V(64.34b) * Re(7.04%) + D(7.99m)/V(64.34b) * Rd(18.03%) * (1-Tc(0.11)))
Discount Rate = 7.04% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.13%
[DCF Debug] Terminal Value 74.82% ; FCFF base≈664.9m ; Y1≈436.5m ; Y5≈199.1m
Fair Price DCF = 12.90 (EV 4.71b - Net Debt -1.15b = Equity 5.86b / Shares 454.0m; r=7.04% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 32.52 | EPS CAGR: -47.80% | SUE: -4.0 | # QB: 0
Revenue Correlation: 72.77 | Revenue CAGR: 15.42% | SUE: 0.17 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.04 | Chg30d=+0.089 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=3.87 | Chg30d=+0.264 | Revisions Net=+3 | Growth EPS=+40.6% | Growth Revenue=+36.2%
P/E Forward = 36.2319
P/S = 35.1731
P/B = 8.5667
P/EG = 2.4
Revenue TTM = 1.83b USD
EBIT TTM = 1.17b USD
EBITDA TTM = 1.46b USD
Long Term Debt = 7.42m USD (from longTermDebtTotal, last quarter)
Short Term Debt = 572.0k USD (from shortTermDebt, last quarter)
Debt = 7.99m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.15b USD (from netDebt column, last quarter)
Enterprise Value = 64.18b USD (64.33b + Debt 7.99m - CCE 152.8m)
Interest Coverage Ratio = 206.3 (Ebit TTM 1.17b / Interest Expense TTM 5.69m)
EV/FCF = 96.53x (Enterprise Value 64.18b / FCF TTM 664.9m)
FCF Yield = 1.04% (FCF TTM 664.9m / Enterprise Value 64.18b)
FCF Margin = 36.32% (FCF TTM 664.9m / Revenue TTM 1.83b)
Net Margin = 54.72% (Net Income TTM 1.00b / Revenue TTM 1.83b)
Gross Margin = 72.20% ((Revenue TTM 1.83b - Cost of Revenue TTM 508.9m) / Revenue TTM)
Gross Margin QoQ = 84.40% (prev 70.16%)
Tobins Q-Ratio = 7.62 (Enterprise Value 64.18b / Total Assets 8.42b)
Interest Expense / Debt = 18.03% (Interest Expense 1.44m / Debt 7.99m)
Taxrate = 11.00% (45.4m / 412.6m)
NOPAT = 1.05b (EBIT 1.17b * (1 - 11.00%))
Current Ratio = 8.09 (Total Current Assets 1.20b / Total Current Liabilities 148.7m)
Debt / Equity = 0.00 (Debt 7.99m / totalStockholderEquity, last quarter 8.09b)
Debt / EBITDA = -0.79 (Net Debt -1.15b / EBITDA 1.46b)
Debt / FCF = -1.73 (Net Debt -1.15b / FCF TTM 664.9m)
Total Stockholder Equity = 7.64b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.67% (Net Income 1.00b / Total Assets 8.42b)
RoE = 13.12% (Net Income TTM 1.00b / Total Stockholder Equity 7.64b)
RoCE = 15.37% (EBIT 1.17b / Capital Employed (Equity 7.64b + L.T.Debt 7.42m))
RoIC = 13.69% (NOPAT 1.05b / Invested Capital 7.64b)
WACC = 7.04% (E(64.33b)/V(64.34b) * Re(7.04%) + D(7.99m)/V(64.34b) * Rd(18.03%) * (1-Tc(0.11)))
Discount Rate = 7.04% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.13%
[DCF Debug] Terminal Value 74.82% ; FCFF base≈664.9m ; Y1≈436.5m ; Y5≈199.1m
Fair Price DCF = 12.90 (EV 4.71b - Net Debt -1.15b = Equity 5.86b / Shares 454.0m; r=7.04% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 32.52 | EPS CAGR: -47.80% | SUE: -4.0 | # QB: 0
Revenue Correlation: 72.77 | Revenue CAGR: 15.42% | SUE: 0.17 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.04 | Chg30d=+0.089 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=3.87 | Chg30d=+0.264 | Revisions Net=+3 | Growth EPS=+40.6% | Growth Revenue=+36.2%