Analysis of Wheaton Precious Metals Stock Volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2026
0mins
Should l Buy WPM?
Source: NASDAQ.COM
- Significant Stock Volatility: Wheaton Precious Metals (NYSE: WPM) shares have risen over 75% in the past year but also faced a substantial 30% decline, indicating the market's sensitivity to fluctuations in precious metal prices, necessitating careful risk assessment by investors.
- Business Model Insight: Wheaton's model involves upfront payments to miners in exchange for the right to purchase gold, silver, and other metals at reduced prices in the future, which not only helps miners avoid over-leveraging but also secures profit margins for Wheaton, creating a win-win scenario.
- Market Environment Impact: Geopolitical and economic concerns have driven precious metal prices to all-time highs in early 2026, yet subsequent price volatility has raised bubble concerns, particularly with silver's decline significantly impacting Wheaton's performance.
- Cautious Investment Outlook: While Wheaton remains an attractive option for adding precious metals exposure to a diversified portfolio, the changing market conditions and historical expectations warrant extra caution from investors before making decisions.
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Analyst Views on WPM
Wall Street analysts forecast WPM stock price to rise
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 131.560
Low
118.00
Averages
137.91
High
160.00
Current: 131.560
Low
118.00
Averages
137.91
High
160.00
About WPM
Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company, through strategic streaming agreements, partners with mining companies to secure a portion of their future precious metal production. The Company has approximately 35 streaming agreements. Its segments include Gold, Silver, Palladium, Platinum and Cobalt. Its gold segment includes Salobo, Sudbury, Constancia, San Dimas, Stillwater, Blackwater, Platreef and others. Its Silver segment includes Penasquito, Antamina, Constancia, Blackwater and others. Its Palladium segment includes Stillwater and Platreef. Its Platinum segment includes Marathon and Platreef. Its Cobalt segment includes Voisey's Bay. The Company has also entered into a definitive agreement to acquire the Spring Valley Project located in Nevada, United States of America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Wheaton Precious Metals Q1 Earnings Exceed Expectations
- Earnings Beat: Wheaton Precious Metals reported a Q1 non-GAAP EPS of $1.69, exceeding expectations by $0.47, indicating strong performance in the metals market and likely boosting investor confidence.
- Revenue Surge: The company achieved Q1 revenue of $901.47 million, a 91.6% year-over-year increase, surpassing market expectations by $36.77 million, reflecting robust demand and effective operational strategies in the precious metals sector.
- Stable Production Forecast: Estimated attributable production for 2026 is projected at 400,000 to 430,000 ounces of gold, 27 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, consistent with previous guidance, showcasing production stability.
- Long-Term Growth Potential: Annual production is expected to increase by approximately 50% to 1,200,000 GEOs by 2030, with average annual production forecast to remain at 1,200,000 GEOs from 2031 to 2035, indicating the company's sustained benefits from growing metal demand in the coming years.
See More
Wheaton Precious Metals Declares Quarterly Dividend
- Quarterly Dividend Announcement: Wheaton Precious Metals declares a quarterly dividend of $0.195 per share, maintaining the previous level, which indicates the company's stable cash flow and shareholder return strategy.
- Dividend Yield: The forward yield of this dividend is 0.59%, reflecting the company's attractiveness in the current market environment, although peers offer higher returns.
- Shareholder Record Date: The dividend will be payable on June 9, with a record date of May 27 and an ex-dividend date also on May 27, ensuring existing shareholders benefit from this payout.
- Market Competition Analysis: Despite Wheaton's stable dividend, market analysis suggests that its peers provide higher returns, which may influence investor choices, necessitating attention to future dividend growth potential.
See More
Wheaton Precious Metals Declares Quarterly Dividend of $0.195
- Quarterly Dividend Announcement: Wheaton Precious Metals has declared a quarterly dividend of $0.195 per share, maintaining consistency with previous distributions, which demonstrates the company's ongoing ability to generate stable cash flow despite market volatility.
- Dividend Yield: The forward yield of 0.59% reflects the attractiveness for investors seeking stable returns, although it appears slightly less competitive compared to peers in the industry, potentially impacting investor sentiment.
- Payment Schedule: The dividend is set to be paid on June 9, with a record date of May 27 and an ex-dividend date also on May 27, providing investors with a clear timeline for their investment decisions.
- Market Competition Analysis: While Wheaton Precious Metals offers a stable dividend, market analysts indicate that its peers provide more attractive dividend returns, which may influence investor choices and prompt the company to consider increasing dividends in the future to enhance competitiveness.
See More
Analysis of GDX ETF's 52-Week Price Fluctuations
- Price Range Analysis: GDX ETF's 52-week low is $45.10 per share and high is $117.175, with the latest trade at $86.74, indicating relative stability within its trading range, which may attract investor interest.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides valuable insights for investors, helping to assess market trends and potential buying opportunities, thereby optimizing investment decisions.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, reflecting market liquidity and investor sentiment changes.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs highlights significant inflows (new units created) or outflows (old units destroyed), which impacts the underlying holdings of the ETF and subsequently affects the market performance of related assets.
See More
Comparison of iShares Silver Trust and Sprott Gold Miners ETF
- Investment Strategy Differences: iShares Silver Trust (SLV) directly tracks physical silver prices, while Sprott Gold Miners ETF (SGDM) invests in a focused basket of gold mining stocks, both with an expense ratio of 0.50%.
- Performance Comparison: As of April 22, 2026, SLV's one-year return stands at 138.5%, significantly outperforming SGDM's 83.2%, indicating strong performance in silver that may attract high-return-seeking investors.
- Risk and Volatility: SLV's maximum drawdown over five years is -42.45%, compared to SGDM's -45.05%, with SGDM exhibiting a higher beta of 0.79, suggesting greater price volatility, which investors should consider based on their risk tolerance.
- Asset Composition Characteristics: SGDM holds 39 companies primarily focused on gold mining in the U.S. and Canada, with top positions comprising over a quarter of the fund, while SLV is entirely tied to silver prices, mitigating company-specific risks and appealing to investors seeking stability.
See More
Wheaton Precious Metals Stock Price Volatility Analysis
- Stock Performance: Wheaton Precious Metals has seen its stock rise over 75% in the past year, yet it also faced a significant 30% decline, reflecting the high volatility of the precious metals market and the complexity of investor sentiment.
- Business Model Insight: Wheaton provides upfront payments to miners in exchange for the right to purchase gold, silver, and other metals at discounted prices in the future, a model that not only helps miners avoid over-leveraging but also secures profit margins for Wheaton.
- Market Risks: Although gold and silver prices hit all-time highs in early 2026, the geopolitical tensions have led to price fluctuations that raise concerns among investors about a potential speculative bubble, particularly with silver's decline significantly impacting Wheaton.
- Investment Strategy Advice: While Wheaton remains an attractive option for gaining exposure to precious metals in a diversified portfolio, investors should exercise caution given the steep rise in precious metal prices over recent years and assess the potential market risks involved.
See More
Wheaton Precious Metals Q1 Earnings Exceed Expectations
- Earnings Beat: Wheaton Precious Metals reported a Q1 non-GAAP EPS of $1.69, exceeding expectations by $0.47, indicating strong performance in the metals market and likely boosting investor confidence.
- Revenue Surge: The company achieved Q1 revenue of $901.47 million, a 91.6% year-over-year increase, surpassing market expectations by $36.77 million, reflecting robust demand and effective operational strategies in the precious metals sector.
- Stable Production Forecast: Estimated attributable production for 2026 is projected at 400,000 to 430,000 ounces of gold, 27 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, consistent with previous guidance, showcasing production stability.
- Long-Term Growth Potential: Annual production is expected to increase by approximately 50% to 1,200,000 GEOs by 2030, with average annual production forecast to remain at 1,200,000 GEOs from 2031 to 2035, indicating the company's sustained benefits from growing metal demand in the coming years.
See More
Wheaton Precious Metals Declares Quarterly Dividend
- Quarterly Dividend Announcement: Wheaton Precious Metals declares a quarterly dividend of $0.195 per share, maintaining the previous level, which indicates the company's stable cash flow and shareholder return strategy.
- Dividend Yield: The forward yield of this dividend is 0.59%, reflecting the company's attractiveness in the current market environment, although peers offer higher returns.
- Shareholder Record Date: The dividend will be payable on June 9, with a record date of May 27 and an ex-dividend date also on May 27, ensuring existing shareholders benefit from this payout.
- Market Competition Analysis: Despite Wheaton's stable dividend, market analysis suggests that its peers provide higher returns, which may influence investor choices, necessitating attention to future dividend growth potential.
See More
Wheaton Precious Metals Declares Quarterly Dividend of $0.195
- Quarterly Dividend Announcement: Wheaton Precious Metals has declared a quarterly dividend of $0.195 per share, maintaining consistency with previous distributions, which demonstrates the company's ongoing ability to generate stable cash flow despite market volatility.
- Dividend Yield: The forward yield of 0.59% reflects the attractiveness for investors seeking stable returns, although it appears slightly less competitive compared to peers in the industry, potentially impacting investor sentiment.
- Payment Schedule: The dividend is set to be paid on June 9, with a record date of May 27 and an ex-dividend date also on May 27, providing investors with a clear timeline for their investment decisions.
- Market Competition Analysis: While Wheaton Precious Metals offers a stable dividend, market analysts indicate that its peers provide more attractive dividend returns, which may influence investor choices and prompt the company to consider increasing dividends in the future to enhance competitiveness.
See More
Analysis of GDX ETF's 52-Week Price Fluctuations
- Price Range Analysis: GDX ETF's 52-week low is $45.10 per share and high is $117.175, with the latest trade at $86.74, indicating relative stability within its trading range, which may attract investor interest.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides valuable insights for investors, helping to assess market trends and potential buying opportunities, thereby optimizing investment decisions.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, reflecting market liquidity and investor sentiment changes.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs highlights significant inflows (new units created) or outflows (old units destroyed), which impacts the underlying holdings of the ETF and subsequently affects the market performance of related assets.
See More
Comparison of iShares Silver Trust and Sprott Gold Miners ETF
- Investment Strategy Differences: iShares Silver Trust (SLV) directly tracks physical silver prices, while Sprott Gold Miners ETF (SGDM) invests in a focused basket of gold mining stocks, both with an expense ratio of 0.50%.
- Performance Comparison: As of April 22, 2026, SLV's one-year return stands at 138.5%, significantly outperforming SGDM's 83.2%, indicating strong performance in silver that may attract high-return-seeking investors.
- Risk and Volatility: SLV's maximum drawdown over five years is -42.45%, compared to SGDM's -45.05%, with SGDM exhibiting a higher beta of 0.79, suggesting greater price volatility, which investors should consider based on their risk tolerance.
- Asset Composition Characteristics: SGDM holds 39 companies primarily focused on gold mining in the U.S. and Canada, with top positions comprising over a quarter of the fund, while SLV is entirely tied to silver prices, mitigating company-specific risks and appealing to investors seeking stability.
See More
Wheaton Precious Metals Stock Price Volatility Analysis
- Stock Performance: Wheaton Precious Metals has seen its stock rise over 75% in the past year, yet it also faced a significant 30% decline, reflecting the high volatility of the precious metals market and the complexity of investor sentiment.
- Business Model Insight: Wheaton provides upfront payments to miners in exchange for the right to purchase gold, silver, and other metals at discounted prices in the future, a model that not only helps miners avoid over-leveraging but also secures profit margins for Wheaton.
- Market Risks: Although gold and silver prices hit all-time highs in early 2026, the geopolitical tensions have led to price fluctuations that raise concerns among investors about a potential speculative bubble, particularly with silver's decline significantly impacting Wheaton.
- Investment Strategy Advice: While Wheaton remains an attractive option for gaining exposure to precious metals in a diversified portfolio, investors should exercise caution given the steep rise in precious metal prices over recent years and assess the potential market risks involved.
See More
