Wheaton Precious Metals Corp's stock surged by 3.51% as it reached a 52-week high, despite the broader market decline with the Nasdaq-100 down 1.73% and the S&P 500 down 1.47%.
CEO Randy Smallwood predicts that gold prices could reach $5,000 per ounce within a year, supported by a $300 million financing deal with Hemlo Mining that allows Wheaton to purchase 10% of gold output. This strategic move could yield significant profits, showcasing the company's strong positioning in the gold market. The stock's impressive 128% rise over the past year further reflects its robust performance compared to gold's 68% increase, indicating strong investor confidence.
The implications of these developments suggest that Wheaton Precious Metals is well-positioned to capitalize on rising gold prices, with a solid business model that ensures profitability even amid market fluctuations.
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
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.
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
Scotiabank
Outperform
maintain
$128 -> $175
2026-01-26
New
Reason
Scotiabank
Price Target
$128 -> $175
AI Analysis
2026-01-26
New
maintain
Outperform
Reason
Scotiabank raised the firm's price target on Wheaton Precious Metals to $175 from $128 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
Canaccord
Carey MacRury
Buy
maintain
$190 -> $220
2026-01-23
Reason
Canaccord
Carey MacRury
Price Target
$190 -> $220
2026-01-23
maintain
Buy
Reason
Canaccord analyst Carey MacRury raised the firm's price target on Wheaton Precious Metals to C$220 from C$190 and keeps a Buy rating on the shares.
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BofA
Buy
maintain
$144 -> $160
2026-01-19
Reason
BofA
Price Target
$144 -> $160
2026-01-19
maintain
Buy
Reason
BofA raised the firm's price target on Wheaton Precious Metals to $160 from $144 and keeps a Buy rating on the shares. The firm raise increased targets across the North American precious metals group. Many of the macro drivers that pushed gold prices higher "have intensified," the analyst tells investors in a research note. BofA expects company capital returns in Q4 to be strong.
Berenberg
Buy
maintain
2025-12-17
Reason
Berenberg
Price Target
2025-12-17
maintain
Buy
Reason
Berenberg raised the firm's price target on Wheaton Precious Metals to 11,200 GBp from 9,700 GBp and keeps a Buy rating on the shares.
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.
