Wheaton Precious Metals benefits from rising silver prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 Jan 26
Wheaton Precious Metals Corp's stock price increased by 3.05% and reached a 52-week high amid a broader market decline, with the Nasdaq-100 down 0.28% and the S&P 500 down 0.17%.
The core catalyst for this movement is the surge in silver prices, which rose by 13% in the first week of 2026, driven by strong market demand and geopolitical tensions. This increase in silver prices has significantly boosted the earnings outlook for Wheaton Precious Metals, as the company is expected to benefit from higher production and sales in 2026.
As investors seek safe-haven assets amid market volatility, Wheaton Precious Metals is well-positioned to capitalize on the rising silver prices, potentially leading to further stock appreciation.
Analyst Views on WPM
Wall Street analysts forecast WPM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WPM is 137.91 USD with a low forecast of 118.00 USD and a high forecast of 160.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 156.300
Low
118.00
Averages
137.91
High
160.00
Current: 156.300
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. It also has approximately five royalty agreements. Its portfolio includes a diverse mix of gold, silver, palladium, platinum and cobalt streams from 18 operating mines and 28 development projects. Its operating portfolio includes Antamina, Blackwater, Constancia, Cozamin, Los Filos, Marmato, Neves-Corvo, Penasquito, Salobo, San Dimas, Stillwater & East Boulder, Sudbury, Voisey's Bay, and Zinkgruvan. 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.
