Should I Buy WPM? WPM 2026 Analysis

Should You Buy Wheaton Precious Metals Corp (WPM) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

151.110

1 Day change

-3.32%

52 Week Range

159.000

Analysis Updated At

2026/01/26

Wheaton Precious Metals Corp (WPM) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong financial performance, positive analyst sentiment, and bullish technical indicators support this recommendation. Despite hedge fund selling, the company's growth trajectory and macroeconomic tailwinds in the precious metals sector make it a solid long-term investment.

Technical Analysis

The technical indicators for WPM are bullish. The MACD is positive and expanding (1.496), the RSI is overbought at 81.161, and the moving averages are aligned bullishly (SMA_5 > SMA_20 > SMA_200). The stock is trading near its resistance levels (R1: 144.575, R2: 150.159), indicating strong upward momentum.

Options Data

Bearish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

The low option volume put-call ratio (0.17) suggests bullish sentiment, while the open interest put-call ratio (1.37) indicates a higher number of put contracts, possibly reflecting hedging activity.

Technical Summary

Sell

Buy

Positive Catalysts

Analysts have consistently raised price targets, with the latest targets ranging from $130 to C$220, and all maintaining a Buy rating.
The CEO's bullish prediction of gold reaching $5,000 within a year and the company's 128% stock surge over the past year.
A $300 million streaming agreement with Hemlo Mining, securing gold at reduced prices.
Strong financial performance in Q3 2025, with revenue up 54.50% YoY and net income up 137.47% YoY.

Neutral/Negative Catalysts

Hedge funds are selling, with a significant increase in selling activity (11314.59% over the last quarter).
The RSI indicates the stock is overbought, which could lead to short-term pullbacks.

Financial Performance

In Q3 2025, the company reported exceptional growth: revenue increased by 54.50% YoY to $476.26 million, net income surged by 137.47% YoY to $367.22 million, EPS grew by 138.24% YoY to 0.81, and gross margin improved to 70.55%, up 10.17% YoY. These metrics highlight strong operational efficiency and profitability.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analysts are highly bullish on WPM. Recent upgrades include price targets of $160 (BofA), C$220 (Canaccord), and $130 (RBC Capital), all maintaining Buy ratings. Analysts cite strong growth prospects, attractive valuation, and macroeconomic drivers supporting precious metals as key reasons for their optimism.

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 USD and a high forecast of 160 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

Averages

137.91

High

160

Current: 156.300

Low

118

Averages

137.91

High

160

Scotiabank

Outperform

maintain

$128 -> $175

AI Analysis

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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WPM Should I Buy

WPM Should I Buy

Should You Buy Wheaton Precious Metals Corp (WPM) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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