TSE:WPM

Wheaton Precious Metals (WPM.TO)

183.82
-4.02 (2.14%)
as of Aug 13, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 13, 2026, 12:00 am

This summary was created by AI, based on 10 opinions in the last 12 months.

Wheaton Precious Metals (WPM) garners mixed opinions from analysts, with a general optimism towards its potential in the gold market. Many experts believe that WPM serves as an effective diversifier and holds up well amidst market uncertainties, particularly with ongoing central bank purchases. Despite some concerns regarding recent price peaks and potential for corrections in the broader metals market, several experts maintain a bullish outlook, especially for long-term investors who are positive about gold prices. The company is viewed favorably due to its strong cash flow, minimal debt, and growth potential, although a few analysts advise caution in the near term due to anticipated market corrections. Overall, WPM is seen as a solid investment, particularly for those holding a long-term perspective on gold and seeking exposure to the royalty aspect rather than direct mining risks.

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Consensus
Buy
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Valuation
Fair Value
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ABX
BUY

(Market Call Minute.) Trades at discount to Franco-Nevada (FNV-T) which is a royalty peer.

BUY

Very, very nice breakout. Stronger move than gold stocks. Stay with it and seasonals are good. Should be good to $36-$37.

BUY

If mine does not go into production they will not get that stream of revenue. View from Barrack is that there is no dispute there. Have seen inflation in their costs of 50%. Liked the Hudbay deal. He sees some upside here.

BUY

One of the best ways to play the silver space. Interests in projects around the world. Pay a nice dividend and leveraged to the price of silver. Good entry point.

BUY
(Market Call Minute.) Royalties and no impact from the rising CapX’s.
COMMENT
He finds that silver is really whippy. Relative strength is starting to move up a little bit. If it got above $31, he would be inclined to add to your existing holdings. Prefers golds.
COMMENT
Buying Call Options? Options on this company are trading at a little higher volatility than would be considered average for Canadian options. They are about 35% implied volatility and the average in Canada is about 22%-23% so they are expensive. If you like silver and you think it is going to go up Buy the Calls. He would be more inclined to do a Call Spread or he would buy a Call at $26 a share and maybe Sell against that at $30 giving you a $4 profit range.
DON'T BUY
Technically, silver stocks have a difficult time as you get closer to the middle of the summer which runs through until about October/November. There is a solution. Rather than owning a silver stock, why not own a gold stock? Gold significantly outperforms silver from the end of July through to around the end of October.
WEAK BUY
Always a little bit concerns with mining companies in jurisdictions with troubling politics. Valuation is reasonable. With the potential for QE3 the market for gold and silver may get the bit in its teeth and run.
PAST TOP PICK
(A Top Pick May 12/11. Down 13.63%.) Sold his holdings in February at $39.31 for a 20% profit.
COMMENT
(Market Call Minute.) Magnificent longer-term. Will become the largest silver company globally. Doesn't produce silver.
BUY
All the precious metal stocks are cheap and it is a great time to be buying. When they turn up in a sustained rally is the big question. In terms of this company, it is one of his Top 10 holdings. One thing to keep an eye on is that they are currently doing an audit with the Canadian Revenue Agency.
DON'T BUY
This company gets royalties on revenue so it doesn't have some of the risks of some of the producers. You have time to watch the direction of precious metals before entering. He would look at all the producers to see who is producing and needing expectations in production. Who has lots of capital on the balance sheet that can sustain in a decline. Who has growth. He would prefer something like Yamana (YRI-T) in precious medals as they have lots of cash, production goes up about 50% in the next 5 years and have been hitting on their production targets.
WAIT
Historically it doesn’t do very well this time of year. Recently broke a key support level. Silver tends to track gold stocks and bottoms middle of July and does well to year-end.
COMMENT
Is selling Puts on this stock a good idea? It depends on the valuation of the Puts but in any case it is a cheaper way of accumulating the stock. The leverage is to silver prices. They have their royalties to mines and don't have the same operating risks of some of the other mining companies. Trading at about 8X operating cash flow, which is the cheapest he has seen it in a while.
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