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Wheaton Precious Metals Corp (WPM)




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Upturn Advisory Summary
04/01/2025: WPM (5-star) is a STRONG-BUY. BUY since 42 days. Profits (23.24%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit 64.49% | Avg. Invested days 47 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 35.22B USD | Price to earnings Ratio 66.92 | 1Y Target Price 79.68 |
Price to earnings Ratio 66.92 | 1Y Target Price 79.68 | ||
Volume (30-day avg) 1792731 | Beta 0.7 | 52 Weeks Range 48.93 - 77.88 | Updated Date 04/1/2025 |
52 Weeks Range 48.93 - 77.88 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 0.85% | Basic EPS (TTM) 1.16 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-03-12 | When After Market | Estimate 0.4376 | Actual 0.438 |
Profitability
Profit Margin 41.19% | Operating Margin (TTM) 32.05% |
Management Effectiveness
Return on Assets (TTM) 5.45% | Return on Equity (TTM) 7.43% |
Valuation
Trailing PE 66.92 | Forward PE 39.68 | Enterprise Value 34408198823 | Price to Sales(TTM) 27.42 |
Enterprise Value 34408198823 | Price to Sales(TTM) 27.42 | ||
Enterprise Value to Revenue 26.92 | Enterprise Value to EBITDA 38.51 | Shares Outstanding 453678016 | Shares Floating 452842722 |
Shares Outstanding 453678016 | Shares Floating 452842722 | ||
Percent Insiders 0.12 | Percent Institutions 71.33 |
Analyst Ratings
Rating 4.56 | Target Price 77.11 | Buy 3 | Strong Buy 11 |
Buy 3 | Strong Buy 11 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Wheaton Precious Metals Corp

Company Overview
History and Background
Wheaton Precious Metals Corp., formerly Silver Wheaton, was founded in 2004. It pioneered the streaming business model, securing rights to purchase precious metals at fixed costs from various mining companies in exchange for upfront payments. Over time, it expanded its portfolio to include gold and other metals, rebranding to Wheaton Precious Metals in 2017.
Core Business Areas
- Precious Metals Streaming: Wheaton provides upfront financing to mining companies in exchange for the right to purchase a fixed percentage of their precious metals production at a predetermined price. They do not operate any mines themselves.
Leadership and Structure
Randy Smallwood is the President and CEO. The company has a Board of Directors overseeing management. The organizational structure is based on functional departments such as legal, finance, and technical services to manage streaming agreements.
Top Products and Market Share
Key Offerings
- Gold Streaming: Wheaton secures the right to purchase gold from various mines. This makes up a substantial portion of their revenue. While direct market share is difficult to quantify due to the nature of streaming, competitors include Royal Gold and Franco-Nevada (FNV).
- Silver Streaming: Wheaton secures the right to purchase silver from various mines. Competitors include Royal Gold and Franco-Nevada (FNV).
- Palladium Streaming: Wheaton secures the right to purchase palladium from various mines. Competitors include Royal Gold and Franco-Nevada (FNV).
Market Dynamics
Industry Overview
The precious metals streaming and royalty industry provides alternative financing for mining companies. It is influenced by precious metal prices, mining project developments, and geopolitical risks.
Positioning
Wheaton is a leading precious metals streaming company, known for its diversified portfolio of streaming agreements and low-cost business model. Their competitive advantage lies in securing long-term streaming contracts with established mining operators.
Total Addressable Market (TAM)
The TAM is difficult to quantify precisely, but it encompasses the entire global mining industry's need for capital. Wheaton's position is strong, targeting established mining operators and focusing on projects with long-term viability.
Upturn SWOT Analysis
Strengths
- Diversified streaming portfolio
- Low-cost operating model
- Experienced management team
- Strong relationships with mining companies
- Predictable revenue streams
Weaknesses
- Dependence on mining operations' performance
- Exposure to geopolitical risks
- Potential disputes with mining partners
- Limited control over mining operations
- Sensitivity to metal price fluctuations
Opportunities
- Expansion into new metals and mining projects
- Acquisition of additional streaming agreements
- Increased demand for precious metals
- Growth in emerging markets
- Further diversification of streaming portfolio
Threats
- Decline in precious metal prices
- Operational disruptions at mining operations
- Changes in mining regulations
- Increased competition in the streaming industry
- Political instability in mining regions
Competitors and Market Share
Key Competitors
- Royal Gold (RGLD)
- Franco-Nevada (FNV)
Competitive Landscape
Wheaton is a major player in the streaming industry, competing with other established streamers like Royal Gold and Franco-Nevada. They all compete to secure new streaming agreements based on financing terms, project quality, and relationship with mining companies.
Major Acquisitions
Stillwater Mining
- Year: 2018
- Acquisition Price (USD millions): 550
- Strategic Rationale: Securing palladium and platinum streaming rights from Sibanye Stillwater's Stillwater mine.
Growth Trajectory and Initiatives
Historical Growth: Wheaton has grown through acquisitions of streaming agreements and expansion of its existing portfolio. Growth is tied to the performance of its partner mining companies and precious metal prices.
Future Projections: Future growth projections are based on analyst estimates and depend on the company's ability to secure new streaming agreements and the performance of existing operations. Refer to analyst reports.
Recent Initiatives: Recent initiatives include securing new streaming agreements with mining companies, focusing on environmentally responsible mining practices, and optimizing its existing portfolio.
Summary
Wheaton Precious Metals is a strong company with a well-established streaming business model, providing diversification and reduced risk compared to traditional mining companies. Its predictable revenue stream and experienced management contribute to its success. Potential risks include dependence on partner mining operations and fluctuating metal prices, which need to be carefully managed. Wheaton's focus on acquiring new streaming agreements and optimizing its portfolio will be key to future growth.
Similar Companies
- RGLD
- FNV
- NEM
Sources and Disclaimers
Data Sources:
- Wheaton Precious Metals Corp. Investor Relations
- Company Filings (SEC)
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change. Please consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Wheaton Precious Metals Corp
Exchange NYSE | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2004-07-14 | President, CEO & Director Mr. Randy V. J. Smallwood P.Eng. | ||
Sector Basic Materials | Industry Gold | Full time employees 44 | Website https://www.wheatonpm.com |
Full time employees 44 | Website https://www.wheatonpm.com |
Wheaton Precious Metals Corp. sells precious metals in North America, Europe, Africa, and South America. The company primarily produces and sells gold, silver, palladium, Platinum, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.
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