WPM Wheaton Precious Metals Corp
$132.61
▼ 0.4%Updated Oct 16, 2:25 PM ET
Report Card
WPM at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: 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.
Price — Past Year
▲ Up 26.8% in the year to Jul 6, 2026
Key Metrics
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
Business Overview
Wheaton Precious Metals Corp (WPM) is a large-cap NYSE-listed company in the Metals & Mining industry, within the Materials sector, 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.
Economic Moat
Evidence of durable competitive advantage in the filed financials (10 years of history).
Profit margins and economic moats, explainedSome 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 (Educational)
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 $132.61, above its 50-day average ($125.34) and 200-day average ($124.11). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
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 (~4.0% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, WPM found buyers near $106.82 (support) and sellers near $132.99 (resistance); its 52-week range then was $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. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
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.
Profitability
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.
Debt Analysis
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.
Cash Flow Analysis
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.
Dividend Safety
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
What to look for in a dividend stockThe 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.
Valuation Analysis
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.
Metrics vs. Sector Range
Where WPM sits versus the Materials companies we cover.
Bands show the middle half (25th–75th percentile) of the 54 Materials companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How WPM stacks up against its Materials peers — valuation, profitability, and growth versus the sector median.
Among the 54 rated Materials companies we cover, WPM ranks #14 by our overall rating. It trades at a premium versus the sector on earnings (30.6x P/E vs. 20.1x 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 20.1x
ROE vs sector
21.3%
median 16.1%
Growth vs sector
88.3%
median 7.9%
Sector rank
#14
of 54 rated
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, preferring ones with full data. Sector medians and rank use the 54 rated companies among the 78 Materials stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$313.59 – $511.65
vs. $132.61 today · implied 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 | $3.73 | $5.41 | $7.85 | $11.38 | $16.50 |
| Share price (low) | $70.94 | $102.86 | $149.15 | $216.27 | $313.59 |
| Share price (high) | $115.74 | $167.83 | $243.35 | $352.86 | $511.65 |
| CAGR (low–high) | -47% / -13% | -12% / 12% | 4% / 22% | 13% / 28% | 19% / 31% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
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).
Bear Case
The case against WPM:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
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.
Investment Thesis
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 (September 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. How to read a 10-K
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 starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. 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.