FINWIRES · TerminalLIVE
FINWIRES

$WPM

4 stories mentioning WPM

Every FINWIRES story that references WPM, newest first.

Research

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Wheaton Precious Metals

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by CAD8 to CAD289, the result of moving our multiple forward one year to 2027 mostly offset by assuming a lower P/E multiple of 30.0x (from 35.0x previously), due to margin compression across the precious metals miners. Our assumed multiple of 30.0x is below WPM's two-year avg. fwd. P/E of 35.1x but above peers' avg. fwd. P/E of 23.3x. We trim our 2026 EPS estimate by USD0.05 to USD5.81 and keep 2027's at USD7.03. WPM delivered record Q1 2026 results with revenue of USD901M (+92% Y/Y) and operating cash flow of USD766M (+112% Y/Y), driven by strong commodity prices and solid production from Salobo and Penasquito. WPM closed its largest-ever transaction - the USD4.3B Antamina BHP silver stream - on April 1, 2026, doubling its Antamina exposure to 67.5% of silver production. WPM maintains its 2026 production guidance of 860k-940k GEOs and projects industry-leading growth of ~50% to 1.2M GEOs by 2030, supported by multiple development projects advancing through construction.

$WPM
Research

Research Alert: Wheaton Precious Metals Posts Q1 Beat On Strong Volumes And Pricing

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Wheaton delivered Q1 revenue of $901.5M, up 91.6% and 4% above consensus, while adjusted EPS of $1.28 increased 132% and beat estimates by $0.06. Gross margins expanded 119.2% to $699.4M while cost of sales rose only 33.5%, demonstrating streaming model leverage during rising precious metals prices. The fixed per-ounce payment structure validates streaming economics during favorable market conditions. Management targets 50% production growth to 1.2M gold equivalent ounces by 2030, representing material acceleration from current levels. The transformative $4.3B Antamina transaction with BHP closed in Q2, doubling exposure to one of the world's lowest-cost silver assets and representing the largest precious metals streaming deal on record. Operating cash flow reached $765.8M, up 112.3%, while cash balance of $2.16B provides exceptional financial flexibility. The Board increased the dividend 18% to $0.195 per share quarterly, marking three consecutive years of growth.

$WPM
Mining & Metals

Wheaton Precious Metals Q1 Adjusted Profit More Than Doubles, Revenue Hits a Record

Wheaton Precious Metals (WPM.TO, WPM) was up 2.3% in after-hours New York trading after the company on Thursday reported a higher adjusted profit and record revenue for the first quarter.The company's adjusted earnings, excluding most one-time items, rose to US$582.78 million, or US$1.28 per share, in the period, up from US$250.83 million, or US$0.55, a year ago. FactSet expected US$1.24 per share.Revenue rose 92% to US$901.57 million from US$470.41 million in the year-prior quarter. FactSet projected US$868.4 million.The company also declared a quarterly dividend of US$0.195 per share, payable June 9 to shareholders of record on May 27.Wheaton said it delivered attributable gold equivalent production of 212,000 ounces in the first quarter of 2026, a 22% increase, primarily due to increased production from Penasquito, Antamina and Blackwater coupled with the recommencement of production at Aljustrel.Wheaton's estimated attributable production in 2026 is forecast to be 400,000 to 430,000 ounces of gold, 27 million to 29 million ounces of silver, and 19,000 to 21,000 GEOs of other metals, resulting in annual production of approximately 860,000 to 940,000 GEOs, unchanged from previous guidance.Approximately 3% of the company's forecast 2026 production is estimated to be delivered from assets currently in construction or various stages of ramp-up.Annual production is forecast to increase by approximately 50% to 1.20-million GEOs by 2030, with average annual production forecast to remain at 1.20-million GEOs in years 2031 to 2035, also unchanged from previous guidance."Wheaton delivered a strong start to 2026, with Salobo and Penasquito outperforming expectations and contributing to record quarterly revenue, earnings and cash flow," said chief executive Haytham Hodaly. "During the first quarter, we announced our largest streaming transaction to date at Antamina in partnership with BHP and subsequently entered into our first streaming agreement in Australia with KGL Resources. These transactions expand our geographic footprint and broaden our counterparty base, while further demonstrating the flexibility of the streaming model as a means of unlocking value from non-core precious metals," Hodaly added.The company's shares were last seen up US$2.97 to US$134.53 after hours. They closed down C$3.80 to C$179.63 on the Toronto Stock Exchange.

$WPM$WPM.TO
Wire

Gold Royalties Offer Better Growth Than Miners Amid Cost Pressures, UBS Says

Gold streaming and royalty companies offer better growth and a stronger hedge against cost inflation than gold miners, with more stable margins and lower execution risk, UBS said in a note Wednesday.The analysts said that during the gold price upcycle last year, miners offered higher operational leverage to metal price upside, while inflationary pressures remained moderate and companies appeared less likely to miss guidance. At the same time, streaming companies like Franco-Nevada (FNV), Wheaton Precious Metals (WPM), and Royal Gold (RGLD) became cheaper relative to their historical valuations, they said.Looking ahead, gold prices are still expected to remain strong, but not rise as sharply as they did in 2025, the analysts said. Meanwhile, miners may face increasing cost pressures, especially from energy and potential disruptions, which could hurt margins, they added."We believe [Franco-Nevada, Wheaton Precious Metals, and Royal Gold] all offer superior near-term and medium-term growth prospects versus most large cap miners," the analysts said.UBS reiterated its buy ratings on Franco-Nevada with a $310 price target and on Wheaton Precious Metals with a $160 price target, and initiated Royal Gold with a buy rating and a $325 price target.Price: $256.03, Change: $-1.26, Percent Change: -0.49%

$FNV$RGLD$WPM