Wheaton Precious Metals faces decline amid broader market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 29 Jan 26
Wheaton Precious Metals Corp (WPM) saw a significant decline of 5.04% as it crossed below its 5-day SMA, reflecting the challenging market conditions.
The stock's drop comes amid a broader market downturn, with the Nasdaq-100 down 2.21% and the S&P 500 down 1.35%. Despite the recent surge in silver prices, which reached a record high of $115.13 per ounce, WPM's performance is impacted by sector rotation as investors reassess their positions in precious metals amid market volatility.
This decline may present a buying opportunity for investors looking to capitalize on the long-term potential of silver, especially given the strong demand and strategic focus on silver mining companies like Wheaton Precious Metals.
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.
