WPM
Wheaton Precious Metals Corp
$109.56
▲ 5.9%Updated Today 12:18 PM ET
WPM at a glance — five pillars scored 0–100 from real filed financials.
Overall: Strong · 81/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 26.8% over the last 12 months
Market Cap
$59.60B
P/E
30.55x
Forward P/E (est.)
21.82x
ROE
21.3%
Revenue Growth
88.3%
EPS Growth
190.4%
Profit Margin
65.5%
FCF Yield
1.9%
Debt / Equity
0x
ROIC
14.0%
Interest Coverage
—
Current Ratio
7.78x
Dividend Yield
0.4%
Implied Growth (rev. DCF)
—
Rating Score
81/100
Wheaton Precious Metals Corp (WPM) is a large-cap company in the Metals & Mining industry, part of the Materials sector of the S&P 500, with a market value around $59.60B.
In its latest reported year it generated about $2.31B in revenue and $1.47B in net profit.
Our model rates WPM Strong (81/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
63.7% average over the last 3 years
±11.2 pts around 50.7% across 10 years
grew in 5 of the last 9 year-over-year periods
positive in 10 of 10 years
14.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what WPM's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. WPM trades near $109.56, below its 50-day average ($125.34) and 200-day average ($124.11). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 48 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. WPM's is $5.37 (~4.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month WPM found buyers near $106.82 (support) and sellers near $132.99 (resistance); its 52-week range is $85.59–$165.76. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.3× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
17.8%
Revenue moved from $891.56M in 2016 to $2.31B in 2025, a 11.2% compound annual growth rate. The most recent year grew a strong 88.3% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
72.2%
Operating Margin
68.3%
Net Margin
63.6%
ROE
21.3%
Wheaton Precious Metals Corp keeps about 65.5% of each sales dollar as net profit, with a 72.2% gross margin and 68.3% operating margin. Return on equity is 21.3% and return on invested capital about 14.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$0.00
Net Debt
-$1.15B
Net cash position
Net Debt / EBITDA
-0.73x
Debt / Equity
0x
Leverage: debt-to-equity is 0.0x, with a current ratio of 7.8x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $0.00 of total debt against $1.15B of cash.
Operating CF
$1.90B
Free Cash Flow
$1.90B
FCF Margin
82.3%
In the latest year Wheaton Precious Metals Corp produced about $1.90B of operating cash flow and $1.90B of free cash flow after capital spending. That is a free-cash-flow yield of about 1.9% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
0.4%
Total paid (latest FY)
$296.37M
History on record
10 years
dividend uses 16% of free cash flow
20% of net income paid out
total dividends increased 6 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
30.55x
P/S
23.76x
P/B
5.99x
EV / EBITDA
—
WPM trades at 30.6x trailing earnings (about 21.8x on estimated forward earnings), 23.8x sales, and 6.0x book value. That is a premium multiple that needs growth to justify it.
Where WPM sits versus its Materials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 54 Materials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How WPM stacks up against its Materials peers — valuation, profitability, and growth versus the sector median.
In the Materials sector (78 S&P 500 companies), WPM ranks #14 of 78 by our overall rating. It trades at a premium versus the sector on earnings (30.6x P/E vs. 21.2x median) with a higher return on equity (21.3% vs. 16.1%) and faster revenue growth (88.3% vs. 7.9%).
P/E vs sector
30.6x
median 21.2x
ROE vs sector
21.3%
median 16.1%
Growth vs sector
88.3%
median 7.9%
Sector rank
#14
of 78 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Materials companies by sub-industry and size. Sector median is across all 78 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $109.56 today · expected CAGR 19% – 31%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $3.36B | $4.87B | $7.06B | $10.23B | $14.84B |
| Net income | $1.68B | $2.43B | $3.53B | $5.12B | $7.42B |
| EPS | $3.08 | $4.47 | $6.49 | $9.40 | $13.64 |
| Share price (low) | $58.61 | $84.98 | $123.23 | $178.68 | $259.08 |
| Share price (high) | $95.63 | $138.66 | $201.05 | $291.53 | $422.72 |
| CAGR (low–high) | -47% / -13% | -12% / 12% | 4% / 22% | 13% / 28% | 19% / 31% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for WPM:
- Revenue is growing 88.3% a year, a sign of real demand.
- High net margins (65.5%) point to pricing power or efficiency.
- Strong return on equity (21.3%) shows capital is put to work well.
- A conservative balance sheet (debt/equity 0.0x) lowers risk.
- Our model's overall read is Strong (81/100).
The case against WPM:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 30.6x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Wheaton Precious Metals Corp is a large-cap materials business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 30.6x earnings, which our model scores Strong (81/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 16 Wall Street analysts covering WPM recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
WPM's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
WPM — frequently asked questions
Is WPM a good stock to buy?
We don't give buy or sell advice. Our model rates Wheaton Precious Metals Corp Strong (81/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is WPM's rating on The Stocks School?
Wheaton Precious Metals Corp currently scores 81/100 (Strong) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does WPM's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Wheaton Precious Metals Corp's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for WPM calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this WPM analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell WPM. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.