Wheaton Precious Metals (WPM) Stock Forecast & Price Target

$57.11 +0.21 (+0.37%)

(As of 12/20/2024 05:31 PM ET)

Wheaton Precious Metals - Analysts' Recommendations and Stock Price Forecast (2025)

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 10 Analyst Ratings

Sell
0

Hold
1

Buy
9

Based on 10 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 10 analysts, 1 has given a hold rating, and 9 have given a buy rating for WPM.

Consensus Price Target

$71.67
25.49% Upside

According to the 10 analysts' twelve-month price targets for Wheaton Precious Metals, the average price target is $71.67. 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 25.49% from the current price of $57.11.

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WPM Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 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	$71.67	$71.67	$66.88	$55.83
Forecasted Upside	25.49% Upside	13.04% Upside	6.83% Upside	11.98% 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	2.90	2.76	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	25.49% Upside	138.79% Upside	14.52% Upside
News Sentiment Rating	Positive News See Recent WPM News	Positive 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
11/18/2024	UBS Group 4 of 5 stars	D. Major Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$78.00	+28.84%
11/8/2024	TD Securities 4 of 5 stars		Boost Target	Buy	$74.00 ➝ $75.00	+15.58%
10/25/2024	Raymond James 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$74.00 ➝ $75.00	+12.68%
10/21/2024	Stifel Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	I. Rico Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/10/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	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%
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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%
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:18 AM 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 Friday, December 13, 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.:

The stock has a consensus rating of "Moderate Buy" with nine analysts issuing buy ratings, indicating strong market confidence in the company's future performance.
Wheaton Precious Metals Corp. recently reported earnings of $0.34 per share, meeting analyst expectations, which reflects stable financial performance.
The current stock price is $61.33, which is significantly higher than its 1-year low of $38.57, suggesting a positive trend in the stock's value.
The company has a solid dividend yield of 1.00%, providing investors with a return on their investment through regular dividend payments, which can be particularly appealing in a low-interest-rate environment.
Recent upgrades from multiple brokerages, including a price target increase to $77.00 by Jefferies Financial Group, suggest that analysts expect continued growth and profitability for the company.

Wheaton Precious Metals
Bear Case

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

The stock has experienced volatility, with a recent trading down of 2.5%, which may indicate potential instability in the short term.
Wheaton Precious Metals Corp. has a relatively high P/E ratio of 45.77, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Despite a strong market presence, the company reported revenue of $308.25 million, which fell short of the consensus estimate of $324.57 million, indicating potential challenges in meeting growth expectations.
One analyst downgraded the stock from a "strong-buy" to a "hold" rating, which may signal caution among some investors regarding the stock's future performance.
Hedge funds and institutional investors own 70.34% of the company's stock, which could lead to increased volatility if these large stakeholders decide to sell their positions.

WPM Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Wheaton Precious Metals is $71.67, with a high forecast of $80.00 and a low forecast of $61.00.
: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last twelve months. There is currently 1 hold rating and 9 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 25.49% 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, Stifel Canada, TD Securities, and UBS Group 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 2.90 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how WPM compares to other companies.

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This page (NYSE:WPM) was last updated on 12/21/2024 by MarketBeat.com Staff

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Wheaton Precious Metals (WPM) Stock Forecast & Price Target