Wheaton Precious Metals Corp. (WPM) Matches Q3 Earnings Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Should l Buy WPM?
Source: NASDAQ.COM
Wheaton Precious Metals Earnings: Wheaton Precious Metals Corp. reported quarterly earnings of $0.34 per share, matching estimates and showing an increase from $0.27 a year ago, while revenues of $308.25 million fell short of expectations by 5.03%. The company has surpassed EPS estimates three times in the last four quarters.
Market Outlook and Comparisons: The stock has gained about 27.2% this year, outperforming the S&P 500's 24.3%, but its future performance will depend on management's commentary and earnings estimate revisions, with current consensus for the next quarter at $0.42 EPS and $356.83 million in revenue.
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Analyst Views on WPM
Wall Street analysts forecast WPM stock price to fall
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 144.820
Low
118.00
Averages
137.91
High
160.00
Current: 144.820
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.
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- Critical Minerals Initiative: In February 2026, the U.S. launched a $12 billion critical minerals stockpile initiative aimed at securing domestic supplies of tungsten and copper through a public-private partnership, which is expected to benefit companies like GoldHaven Resources amid rising geopolitical tensions.
- Financing for Projects: GoldHaven Resources announced a $2 million critical mineral financing to issue 7,547,170 flow-through shares, with proceeds directed towards 3D geological modeling and drill planning for its Magno Polymetallic Project, facilitating advancements in drilling activities through 2026.
- Exploration Success: In 2025, GoldHaven's exploration yielded significant results, including silver grades up to 2,370 grams per tonne and tungsten values reaching 6,550 ppm, indicating substantial mineral potential and reinforcing its competitive position in the market.
- Regional Resource Control: GoldHaven now controls 133,186 hectares across British Columbia and Brazil, with the Magno property located just three kilometers from the historic Cassiar mining camp, providing infrastructure advantages that will support future resource development and market expansion.
See More
US Launches $12 Billion Critical Minerals Stockpile Initiative
- Strategic Minerals Initiative: In February 2026, the U.S. launched a $12 billion critical minerals stockpile initiative aimed at securing domestic supplies of tungsten and copper through a public-private partnership, which is expected to enhance the U.S.'s competitive position in global mineral supply chains amid rising geopolitical tensions.
- Financing for Projects: GoldHaven Resources announced a $2 million critical mineral financing plan to issue 7.54 million flow-through shares, with proceeds directed towards advancing the Magno Polymetallic Project in British Columbia, which is expected to support drilling plans in 2026 and strengthen the company's position in mineral development.
- Exploration Success: GoldHaven's 2025 exploration campaign revealed significant mineralization, including silver grades up to 2,370 grams per tonne and tungsten values reaching 6,550 ppm, particularly in the Kuhn and Dead Goat zones, confirming the substantial potential of the project.
- International Cooperation Commitment: At the inaugural Critical Minerals Ministerial in Washington, representatives from 54 countries committed to building secure and diversified supply chains, with the U.S. signing multiple bilateral mineral frameworks, reflecting a collective effort to reduce dependence on Chinese minerals.
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- Wheaton Precious Metals Performance: Wheaton Precious Metals reported production of approximately 691,670 gold equivalent ounces in 2025, exceeding its guidance of 670,000 GEOs, and has acquired an additional silver stream from the Antamina mine through a new partnership with BHP, projecting production of 860,000 to 940,000 GEOs in 2026, showcasing strong growth potential.
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Wheaton Precious Metals Exceeds 2025 Production Guidance
- Production Exceeds Guidance: Wheaton Precious Metals reported a 2025 production estimate of approximately 692,000 gold equivalent ounces, surpassing the upper end of its guidance of 670,000 ounces, indicating strong performance in the basic materials sector and boosting market confidence in its future growth.
- Future Production Guidance: The company provided a 2026 production guidance of 860,000 to 940,000 gold equivalent ounces, with an anticipated growth of about 50% to 1.20 million ounces by 2030, reflecting a positive outlook on resource development and market demand.
- Earnings Release Schedule: Wheaton plans to release its fourth quarter and full year results for 2025 on March 12, 2026, after market close, with investors keenly awaiting insights into its financial performance and future strategies.
- Stock Price Movement: As of February 13, WPM's stock closed at $145.90, reflecting a gain of $6.73 or 4.84%, although it eased to $145.20 in after-hours trading on February 16, indicating a cautious market sentiment regarding its short-term performance.
See More
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- Optimized Revenue Structure: Under the agreement, Wheaton will pay an upfront consideration of $4.3 billion and ongoing payments equal to 20% of the spot silver price for each ounce delivered, allowing BHP to effectively monetize silver byproduct from the Antamina mine while retaining rights to its core copper, zinc, and lead production.
- Rising Demand for Strategic Metal: Silver's importance has surged due to strong demand from solar panels, electronics, and electrification technologies, while mine supply has struggled to keep pace, leading to multiple years of production deficits and unprecedented price volatility.
- Future Outlook: The transaction is set to take effect on April 1, 2026, pending regulatory approvals, and is expected to further enhance BHP's competitive position in the global mining market.
See More
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- Silver Streaming Agreement: BHP has signed a long-term silver streaming agreement with Wheaton Precious Metals, securing an upfront payment of $4.3 billion, which is expected to significantly enhance the company's cash flow and market competitiveness.
- Increased Silver Production: BHP will deliver silver from its Antamina mine in Peru, with Wheaton receiving 67.5% of the silver produced, a substantial increase from the current 33.75%, reflecting BHP's strategic resource allocation adjustments.
- Strong Earnings Performance: BHP reported a 22% year-over-year increase in underlying attributable profit to $6.2 billion for the six months ending December, surpassing market expectations, indicating the successful diversification of revenue sources as copper profitability exceeds that of iron ore for the first time.
- Dividend Growth Reflects Confidence: BHP declared an interim dividend of $0.73 per share, exceeding market expectations of $0.63, which reflects the company's strong operational performance and confidence in its outlook, while also demonstrating prudent and effective capital allocation.
See More
US Launches $12 Billion Critical Minerals Stockpile Initiative
- Critical Minerals Initiative: In February 2026, the U.S. launched a $12 billion critical minerals stockpile initiative aimed at securing domestic supplies of tungsten and copper through a public-private partnership, which is expected to benefit companies like GoldHaven Resources amid rising geopolitical tensions.
- Financing for Projects: GoldHaven Resources announced a $2 million critical mineral financing to issue 7,547,170 flow-through shares, with proceeds directed towards 3D geological modeling and drill planning for its Magno Polymetallic Project, facilitating advancements in drilling activities through 2026.
- Exploration Success: In 2025, GoldHaven's exploration yielded significant results, including silver grades up to 2,370 grams per tonne and tungsten values reaching 6,550 ppm, indicating substantial mineral potential and reinforcing its competitive position in the market.
- Regional Resource Control: GoldHaven now controls 133,186 hectares across British Columbia and Brazil, with the Magno property located just three kilometers from the historic Cassiar mining camp, providing infrastructure advantages that will support future resource development and market expansion.
See More
US Launches $12 Billion Critical Minerals Stockpile Initiative
- Strategic Minerals Initiative: In February 2026, the U.S. launched a $12 billion critical minerals stockpile initiative aimed at securing domestic supplies of tungsten and copper through a public-private partnership, which is expected to enhance the U.S.'s competitive position in global mineral supply chains amid rising geopolitical tensions.
- Financing for Projects: GoldHaven Resources announced a $2 million critical mineral financing plan to issue 7.54 million flow-through shares, with proceeds directed towards advancing the Magno Polymetallic Project in British Columbia, which is expected to support drilling plans in 2026 and strengthen the company's position in mineral development.
- Exploration Success: GoldHaven's 2025 exploration campaign revealed significant mineralization, including silver grades up to 2,370 grams per tonne and tungsten values reaching 6,550 ppm, particularly in the Kuhn and Dead Goat zones, confirming the substantial potential of the project.
- International Cooperation Commitment: At the inaugural Critical Minerals Ministerial in Washington, representatives from 54 countries committed to building secure and diversified supply chains, with the U.S. signing multiple bilateral mineral frameworks, reflecting a collective effort to reduce dependence on Chinese minerals.
See More
Silver Market Faces Sixth Consecutive Supply Deficit in 2026
- Supply-Demand Imbalance: The silver market is projected to face its sixth consecutive annual supply deficit in 2026, with cumulative shortfalls exceeding 800 million ounces over the past five years, equivalent to an entire year of global mine production, indicating that industrial demand from solar panels and electric vehicles is growing faster than new supply.
- Americore Resources Discovery: Americore Resources has uncovered five historic core holes at its Trinity Silver Project in Nevada that were previously overlooked, with Hole SC-4 returning 209.5 feet grading 145.98 g/t silver, potentially significantly increasing the existing 36 million-ounce silver equivalent resource estimate.
- Wheaton Precious Metals Performance: Wheaton Precious Metals reported production of approximately 691,670 gold equivalent ounces in 2025, exceeding its guidance of 670,000 GEOs, and has acquired an additional silver stream from the Antamina mine through a new partnership with BHP, projecting production of 860,000 to 940,000 GEOs in 2026, showcasing strong growth potential.
- Hecla Mining Growth: Hecla Mining achieved silver production of 17 million ounces in 2025, exceeding 2024 production by over 5%, and outlined its strategic plan for 2026 to 2028 at its Investor Day, indicating continued investment in domestic silver production amid increasing supply security concerns.
See More
Wheaton Precious Metals Exceeds 2025 Production Guidance
- Production Exceeds Guidance: Wheaton Precious Metals reported a 2025 production estimate of approximately 692,000 gold equivalent ounces, surpassing the upper end of its guidance of 670,000 ounces, indicating strong performance in the basic materials sector and boosting market confidence in its future growth.
- Future Production Guidance: The company provided a 2026 production guidance of 860,000 to 940,000 gold equivalent ounces, with an anticipated growth of about 50% to 1.20 million ounces by 2030, reflecting a positive outlook on resource development and market demand.
- Earnings Release Schedule: Wheaton plans to release its fourth quarter and full year results for 2025 on March 12, 2026, after market close, with investors keenly awaiting insights into its financial performance and future strategies.
- Stock Price Movement: As of February 13, WPM's stock closed at $145.90, reflecting a gain of $6.73 or 4.84%, although it eased to $145.20 in after-hours trading on February 16, indicating a cautious market sentiment regarding its short-term performance.
See More
BHP Signs $4.3 Billion Silver Streaming Agreement
- Record Transaction Size: BHP's $4.3 billion silver streaming agreement with Wheaton Precious Metals marks the most valuable precious metals streaming transaction to date, showcasing the company's strong influence in the silver market.
- Optimized Revenue Structure: Under the agreement, Wheaton will pay an upfront consideration of $4.3 billion and ongoing payments equal to 20% of the spot silver price for each ounce delivered, allowing BHP to effectively monetize silver byproduct from the Antamina mine while retaining rights to its core copper, zinc, and lead production.
- Rising Demand for Strategic Metal: Silver's importance has surged due to strong demand from solar panels, electronics, and electrification technologies, while mine supply has struggled to keep pace, leading to multiple years of production deficits and unprecedented price volatility.
- Future Outlook: The transaction is set to take effect on April 1, 2026, pending regulatory approvals, and is expected to further enhance BHP's competitive position in the global mining market.
See More
BHP Signs Long-Term Silver Streaming Deal with Wheaton
- Silver Streaming Agreement: BHP has signed a long-term silver streaming agreement with Wheaton Precious Metals, securing an upfront payment of $4.3 billion, which is expected to significantly enhance the company's cash flow and market competitiveness.
- Increased Silver Production: BHP will deliver silver from its Antamina mine in Peru, with Wheaton receiving 67.5% of the silver produced, a substantial increase from the current 33.75%, reflecting BHP's strategic resource allocation adjustments.
- Strong Earnings Performance: BHP reported a 22% year-over-year increase in underlying attributable profit to $6.2 billion for the six months ending December, surpassing market expectations, indicating the successful diversification of revenue sources as copper profitability exceeds that of iron ore for the first time.
- Dividend Growth Reflects Confidence: BHP declared an interim dividend of $0.73 per share, exceeding market expectations of $0.63, which reflects the company's strong operational performance and confidence in its outlook, while also demonstrating prudent and effective capital allocation.
See More
