WHEATON PRECIOUS METALS CORP: UBS Upgrades Rating from Neutral to Buy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy WPM?
Source: moomoo
Company Announcement: Wheaton Precious Metals Corp has announced a strategic decision to buy from Neutral, indicating a shift in their purchasing strategy.
Market Implications: This move may have significant implications for the precious metals market, potentially affecting supply and pricing dynamics.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy WPM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 124.700
Low
118.00
Averages
137.91
High
160.00
Current: 124.700
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.
UBS Upgrades Wheaton Precious Metals to Buy with $160 Target
- Rating Upgrade: UBS upgraded Wheaton Precious Metals from Neutral to Buy with a $160 price target, anticipating the company will enter a volume growth phase targeting approximately 70% growth in gold equivalent ounces by FY 2025, which should enhance earnings compared to peers.
- Production Stability: Wheaton's gold equivalent production has remained stable at 600K-700K ounces over the past five years, demonstrating resilience and stability in its operations despite no further upside in gold or silver prices, which is crucial for maintaining investor confidence.
- Valuation Discount: The stock currently trades at about 15x 2027 enterprise value to EBITDA, representing a 30% discount to its five-year average, indicating that the market is not fully pricing in the company's diversified and low-risk organic growth potential, which could attract more investors.
- Growth Strategy: Analysts expect Wheaton to acquire more streams and royalties to supplement its growth, thereby reducing single-asset exposure and earnings volatility, which will enhance the company's overall growth capability and competitive position in the market.
See More
WHEATON PRECIOUS METALS CORP: UBS Upgrades Rating from Neutral to Buy
Company Announcement: Wheaton Precious Metals Corp has announced a strategic decision to buy from Neutral, indicating a shift in their purchasing strategy.
Market Implications: This move may have significant implications for the precious metals market, potentially affecting supply and pricing dynamics.
See More
STMicroelectronics Upgraded as Focus Shifts to Growth, Wheaton Maintains Hold Rating
- STMicroelectronics Upgrade: Analyst Stephen Simpson upgraded STMicroelectronics from Hold to Buy, highlighting the company's successful pivot towards high-growth sectors like robotics and data centers, with expectations for business recovery in 2026 and acceleration into 2027.
- Wheaton Precious Metals Rating Change: Trapping Value upgraded Wheaton Precious Metals from Sell to Hold, believing that after significant market value erosion, the stock's valuation has retreated to near fair value, presenting a better entry point for traders.
- Teekay Corporation Downgrade: Henrik Alex downgraded Teekay Corporation from Buy to Sell, arguing that the stock is trading at a substantial premium to its net asset value, suggesting investors rotate into its subsidiary, Teekay Tankers, for better returns.
- Palo Alto Networks Rating Adjustment: Gary Alexander downgraded Palo Alto Networks to Neutral, noting that while the company remains a leader in cybersecurity, recent acquisitions pose integration risks and other stocks in the sector currently offer superior value, prompting caution.
See More
Portfolio Adjustments to Navigate Market Volatility
- Portfolio Rebalancing: Amid recent market volatility, Inside Edge Capital executed three portfolio adjustments, reallocating 2% to the short-term Treasury ETF (BIL) and 5% to the inverse Nasdaq ETF (PSQ) to mitigate potential downside risks.
- Gold Holdings Reduction: Despite heightened tensions in the Middle East typically driving gold demand, Inside Edge Capital has cut its positions in Anglogold Ashanti PLC and Agnico Eagle Mines Ltd within its Strategic Income & Growth portfolio, reflecting a cautious outlook on gold due to rising real interest rates and a strengthening dollar.
- Emerging Markets Exposure Cut: In response to increasing global risk aversion, Inside Edge Capital has reduced its investments in emerging markets, notably cutting its position in Kinross Gold Corp within its more aggressive Tactical Alpha Growth portfolio, indicating diminished confidence in these markets.
- Market Liquidity Shifts: As U.S. interest rates rise and the dollar strengthens, demand for liquidity in emerging markets has decreased, leading to a flow of funds back to the U.S., with Inside Edge Capital suggesting a potential reassessment of investments related to artificial intelligence in the future.
See More
Investment Opportunities in Uranium and Precious Metals
- Uranium Mining Growth: Cameco, the world's second-largest uranium producer, accounted for 15% of global uranium production in 2025, with an 11% year-over-year revenue increase to $3.4 billion and a 114% growth in adjusted EPS, highlighting its crucial role in the rising nuclear energy demand.
- Rising Nuclear Demand: As global AI energy needs surge, Cameco indirectly benefits from increased nuclear investments through its 49% stake in Westinghouse, further solidifying its strategic position in the nuclear market.
- Precious Metals Revenue Surge: Wheaton Precious Metals saw an 80% revenue increase in 2024, with net profit margins rising from 41.19% to 63.58%, reflecting its strong performance in the gold and silver markets amid rising prices.
- Dividend Growth Potential: Wheaton raised its dividend by 18%, with a current yield of 0.54% and a payout ratio of 29.5%, indicating ample room for future growth, making it attractive for long-term investors.
See More
Fed Holds Rates Steady Amid High Inflation, Mining Stocks Struggle
- Rate Policy Impact: The Federal Reserve's decision to keep the benchmark interest rate steady on March 18, signaling potential rate cuts delayed until 2027, has created a double whammy for metals and mining stocks amid persistent inflation and surging oil prices.
- Metal Price Decline: Traditionally, war boosts demand for precious metals like gold and silver; however, due to the U.S. dollar and bonds being favored as safe-haven assets, metal prices are declining, putting significant pressure on major mining stocks.
- Major Mining Companies Struggle: Shares of Newmont, the world's largest gold miner, fell 13.5% this week and over 25% since the Iran war began; Barrick and Hecla also faced steep declines, with Hecla's stock plunging over 50% from its late-January high.
- Industry Outlook Analysis: The metals and mining sector is grappling with high interest rates, soaring energy costs, and fears of an economic slowdown, creating substantial challenges, although companies like Newmont and Barrick show strong cash flow and asset management capabilities amidst the overall market gloom.
See More
UBS Upgrades Wheaton Precious Metals to Buy with $160 Target
- Rating Upgrade: UBS upgraded Wheaton Precious Metals from Neutral to Buy with a $160 price target, anticipating the company will enter a volume growth phase targeting approximately 70% growth in gold equivalent ounces by FY 2025, which should enhance earnings compared to peers.
- Production Stability: Wheaton's gold equivalent production has remained stable at 600K-700K ounces over the past five years, demonstrating resilience and stability in its operations despite no further upside in gold or silver prices, which is crucial for maintaining investor confidence.
- Valuation Discount: The stock currently trades at about 15x 2027 enterprise value to EBITDA, representing a 30% discount to its five-year average, indicating that the market is not fully pricing in the company's diversified and low-risk organic growth potential, which could attract more investors.
- Growth Strategy: Analysts expect Wheaton to acquire more streams and royalties to supplement its growth, thereby reducing single-asset exposure and earnings volatility, which will enhance the company's overall growth capability and competitive position in the market.
See More
WHEATON PRECIOUS METALS CORP: UBS Upgrades Rating from Neutral to Buy
Company Announcement: Wheaton Precious Metals Corp has announced a strategic decision to buy from Neutral, indicating a shift in their purchasing strategy.
Market Implications: This move may have significant implications for the precious metals market, potentially affecting supply and pricing dynamics.
See More
STMicroelectronics Upgraded as Focus Shifts to Growth, Wheaton Maintains Hold Rating
- STMicroelectronics Upgrade: Analyst Stephen Simpson upgraded STMicroelectronics from Hold to Buy, highlighting the company's successful pivot towards high-growth sectors like robotics and data centers, with expectations for business recovery in 2026 and acceleration into 2027.
- Wheaton Precious Metals Rating Change: Trapping Value upgraded Wheaton Precious Metals from Sell to Hold, believing that after significant market value erosion, the stock's valuation has retreated to near fair value, presenting a better entry point for traders.
- Teekay Corporation Downgrade: Henrik Alex downgraded Teekay Corporation from Buy to Sell, arguing that the stock is trading at a substantial premium to its net asset value, suggesting investors rotate into its subsidiary, Teekay Tankers, for better returns.
- Palo Alto Networks Rating Adjustment: Gary Alexander downgraded Palo Alto Networks to Neutral, noting that while the company remains a leader in cybersecurity, recent acquisitions pose integration risks and other stocks in the sector currently offer superior value, prompting caution.
See More
Portfolio Adjustments to Navigate Market Volatility
- Portfolio Rebalancing: Amid recent market volatility, Inside Edge Capital executed three portfolio adjustments, reallocating 2% to the short-term Treasury ETF (BIL) and 5% to the inverse Nasdaq ETF (PSQ) to mitigate potential downside risks.
- Gold Holdings Reduction: Despite heightened tensions in the Middle East typically driving gold demand, Inside Edge Capital has cut its positions in Anglogold Ashanti PLC and Agnico Eagle Mines Ltd within its Strategic Income & Growth portfolio, reflecting a cautious outlook on gold due to rising real interest rates and a strengthening dollar.
- Emerging Markets Exposure Cut: In response to increasing global risk aversion, Inside Edge Capital has reduced its investments in emerging markets, notably cutting its position in Kinross Gold Corp within its more aggressive Tactical Alpha Growth portfolio, indicating diminished confidence in these markets.
- Market Liquidity Shifts: As U.S. interest rates rise and the dollar strengthens, demand for liquidity in emerging markets has decreased, leading to a flow of funds back to the U.S., with Inside Edge Capital suggesting a potential reassessment of investments related to artificial intelligence in the future.
See More
Investment Opportunities in Uranium and Precious Metals
- Uranium Mining Growth: Cameco, the world's second-largest uranium producer, accounted for 15% of global uranium production in 2025, with an 11% year-over-year revenue increase to $3.4 billion and a 114% growth in adjusted EPS, highlighting its crucial role in the rising nuclear energy demand.
- Rising Nuclear Demand: As global AI energy needs surge, Cameco indirectly benefits from increased nuclear investments through its 49% stake in Westinghouse, further solidifying its strategic position in the nuclear market.
- Precious Metals Revenue Surge: Wheaton Precious Metals saw an 80% revenue increase in 2024, with net profit margins rising from 41.19% to 63.58%, reflecting its strong performance in the gold and silver markets amid rising prices.
- Dividend Growth Potential: Wheaton raised its dividend by 18%, with a current yield of 0.54% and a payout ratio of 29.5%, indicating ample room for future growth, making it attractive for long-term investors.
See More
Fed Holds Rates Steady Amid High Inflation, Mining Stocks Struggle
- Rate Policy Impact: The Federal Reserve's decision to keep the benchmark interest rate steady on March 18, signaling potential rate cuts delayed until 2027, has created a double whammy for metals and mining stocks amid persistent inflation and surging oil prices.
- Metal Price Decline: Traditionally, war boosts demand for precious metals like gold and silver; however, due to the U.S. dollar and bonds being favored as safe-haven assets, metal prices are declining, putting significant pressure on major mining stocks.
- Major Mining Companies Struggle: Shares of Newmont, the world's largest gold miner, fell 13.5% this week and over 25% since the Iran war began; Barrick and Hecla also faced steep declines, with Hecla's stock plunging over 50% from its late-January high.
- Industry Outlook Analysis: The metals and mining sector is grappling with high interest rates, soaring energy costs, and fears of an economic slowdown, creating substantial challenges, although companies like Newmont and Barrick show strong cash flow and asset management capabilities amidst the overall market gloom.
See More
