Wheaton Precious Metals has seen its fair value estimate raised from CA$150.28 to CA$174.47, following a series of upward price target revisions from analysts. This adjustment comes as research highlights growing confidence in the company’s intrinsic strengths and its outlook, while acknowledging a modest increase in the discount rate from 6.51% to 6.59%. As analyst perspectives continue to evolve, stay tuned to follow how shifting market sentiment and ongoing developments reshape the stock’s narrative going forward.
Recent commentary from the Street reflects both growing optimism and measured caution among analysts covering Wheaton Precious Metals. Updated research includes a mix of upgraded price targets alongside more balanced outlooks on valuation and growth initiatives.
🐂 Bullish Takeaways
Many analysts highlight Wheaton’s robust execution, particularly in maintaining cost control and delivering on operational milestones, as a foundation for its ongoing growth momentum.
Optimism about commodity markets, specifically copper, aluminum, and gold, is cited as a central reason why several firms have increased their price targets. Most notably, Alpha Equity Advisors raised its target to CA$180 following stronger-than-expected quarterly results.
Bullish reports note that Wheaton’s commitment to providing strategic financing and supporting high-profile mining deals enhances transparency and the pipeline for future projects.
Some analysts reward management’s disciplined approach to capital allocation and see further upside should commodity price trends persist. This is indicated by Market Insights Group’s upward revision to CA$175.
🐻 Bearish Takeaways
A segment of analysts believes recent share price gains have brought the stock close to full valuation, suggesting that further upside may be limited in the near term.
Concerns have been voiced that much of the anticipated strength in commodity pricing could already be reflected in the current market valuation, reducing the likelihood of significant short-term appreciation.
Cautious commentary from Central Analytics, which recently downgraded the stock and adjusted its price target to CA$165, underscores the risk of a pause in positive momentum while investors digest the latest rally.
These analysts point out persistent near-term risks, including macroeconomic uncertainty and potential delays in new project developments, as possible hurdles for sustained growth.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
Story Continues
TSX:WPM Community Fair Values as at Oct 2025
Wheaton Precious Metals reported higher gold and silver production for the second quarter of 2025. Gold output rose to 91,968 ounces from 83,743 ounces, and silver increased to 5,407 ounces from 5,047 ounces compared to last year.
Palladium production declined year-over-year in Q2 2025, dropping to 2,435 ounces from 4,338 ounces. Cobalt production more than doubled to 647 pounds over the same period.
The company maintained its 2025 production guidance and continues to forecast 350,000 to 390,000 ounces of gold and 20.5 to 22.5 million ounces of silver. Total annual production is expected to reach between 600,000 and 670,000 gold equivalent ounces.
Wheaton reaffirmed its long-term outlook and estimates that annual gold equivalent output will increase by approximately 40% to 870,000 ounces by 2029, with an average of over 950,000 ounces between 2030 and 2034.
Fair Value Estimate: Increased from CA$150.28 to CA$174.47. This reflects a higher assessment of intrinsic company value.
Discount Rate: Risen slightly from 6.51% to 6.59%, which suggests a modest uptick in perceived risk or required return.
Revenue Growth Forecast: Upgraded from 12.25% to 13.70%, indicating improved expectations for sales expansion.
Net Profit Margin: Improved from 52.99% to 53.76%, pointing to greater operational efficiency and profitability.
Future P/E Ratio: Fallen significantly from 66.15x to 52.34x. This indicates that valuation multiples have moderated as earnings expectations rise.
A Narrative is a powerful, story-driven way to invest, connecting a company’s journey with numbers. By blending insights about business strategy, future revenue, and earnings forecasts, Narratives combine the “why” behind a stock with what the numbers mean. This helps refine your buy or sell decisions. On Simply Wall St’s Community page, Narratives help millions of investors track how valuation and fair value estimates evolve with every news update or earnings report, offering timely guidance with every market move.
Read the full, dynamic Narrative for Wheaton Precious Metals at Salobo III Streaming Deals Will Shape Future Metals Markets to track developing opportunities and risks, including:
How new and expanding streaming agreements, such as Salobo III and Blackwater, are positioning Wheaton for significant production and revenue growth as commodity prices rise.
The company’s strong financial flexibility, enabling it to pursue lucrative new deals and support earnings stability even as industry capital requirements increase.
Key challenges to watch, from mounting competition for deal flow and jurisdictional risks in major markets, to how shifting demand and new tax regimes could impact long-term profitability.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include WPM.TO.
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