Wheaton Precious Metals (WPM) Stock Forecast & Price Target

$64.41 +1.66 (+2.65%)

(As of 11/7/2024 ET)

Wheaton Precious Metals - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
1

Buy
8

Based on 9 Wall Street analysts who have issued ratings for Wheaton Precious Metals in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a hold rating, and 8 have given a buy rating for WPM.

Consensus Price Target

$70.25
9.07% Upside

According to the 9 analysts' twelve-month price targets for Wheaton Precious Metals, the average price target is $70.25. The highest price target for WPM is $80.00, while the lowest price target for WPM is $61.00. The average price target represents a forecasted upside of 9.07% from the current price of $64.41.

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WPM Analyst Ratings Over Time

Type	Current Forecast 11/8/23 to 11/7/24	1 Month Ago 10/9/23 to 10/8/24	3 Months Ago 8/10/23 to 8/9/24	1 Year Ago 11/8/22 to 11/8/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$70.25	$69.88	$64.06	$54.33
Forecasted Upside	9.07% Upside	17.04% Upside	14.75% Upside	28.08% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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WPM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WPM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Wheaton Precious Metals Stock vs. The Competition

Type	Wheaton Precious Metals	Basic Materials Companies	S&P 500
Consensus Rating Score	2.89	2.75	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	9.07% Upside	115.37% Upside	7.42% Upside
News Sentiment Rating	Positive News See Recent WPM News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/25/2024	Raymond James 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$74.00 ➝ $75.00	+12.68%
10/21/2024	Stifel Canada 0 of 5 stars	I. Rico Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/10/2024	National Bank Financial 5 of 5 stars	S. Nagle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
10/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$67.00 ➝ $77.00	+27.78%
8/19/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$66.50 ➝ $72.00	+19.19%
8/15/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$71.00 ➝ $70.00	+21.00%
Get the Latest News and Ratings for WPM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Wheaton Precious Metals and its competitors with MarketBeat's FREE daily newsletter.
7/10/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$75.00 ➝ $80.00	+37.15%
6/27/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$64.00 ➝ $66.00	+24.46%
6/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$60.00 ➝ $61.00	+14.81%
5/21/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$59.00 ➝ $61.00	+6.42%
7/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$42.00 ➝ $41.00	-1.01%
5/23/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform	C$50.00 ➝ C$45.00
5/8/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$72.50 ➝ C$80.00
4/20/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$66.00 ➝ C$75.00
4/20/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
4/4/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$67.00 ➝ C$75.00
3/2/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$65.00 ➝ C$60.00
11/18/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$48.00 ➝ C$50.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:48 PM ET.

Should I Buy Wheaton Precious Metals Stock? WPM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 17, 2024. Please send any questions or comments about these Wheaton Precious Metals pros and cons to contact@marketbeat.com.

Wheaton Precious Metals
Bull Case

Here are some ways that investors could benefit from investing in Wheaton Precious Metals Corp.:

Wheaton Precious Metals Corp. has a market cap of $28.37 billion, indicating a strong position in the market.
The company's revenue was up 12.9% on a year-over-year basis, showing positive growth.
Wheaton Precious Metals Corp. has a dividend yield of 1.00%, providing potential income for investors.
Multiple Wall Street analysts have given Wheaton Precious Metals Corp. a "buy" rating, indicating confidence in the company's performance.
The stock price of Wheaton Precious Metals Corp. has been trending upwards, currently at $62.22.

Wheaton Precious Metals
Bear Case

Investors should be bearish about investing in Wheaton Precious Metals Corp. for these reasons:

The price-to-earnings ratio of Wheaton Precious Metals Corp. is relatively high at 48.15, suggesting the stock may be overvalued.

WPM Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Wheaton Precious Metals is $70.25, with a high forecast of $80.00 and a low forecast of $61.00.
: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last year. There is currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WPM shares.
: According to analysts, Wheaton Precious Metals's stock has a predicted upside of 9.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Wheaton Precious Metals's stock had 1 upgrade and 1 downgrade by analysts.
: Wheaton Precious Metals has been rated by research analysts at Jefferies Financial Group, National Bank Financial, Raymond James, Scotiabank, Stifel Canada, and TD Securities in the past 90 days.
: Analysts like Wheaton Precious Metals more than other "basic materials" companies. The consensus rating score for Wheaton Precious Metals is 2.89 while the average consensus rating score for "basic materials" companies is 2.75. Learn more on how WPM compares to other companies.

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This page (NYSE:WPM) was last updated on 11/7/2024 by MarketBeat.com Staff

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Wheaton Precious Metals (WPM) Stock Forecast & Price Target