TSE:WPM

Wheaton Precious Metals (WPM.TO)

168.27
+4.34 (2.65%)
as of Jul 3, 2026, 8:00:00 pm Market Open.
239 watching
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Investor Insights
star iconJul 2, 2026, 12:00 am

This summary was created by AI, based on 11 opinions in the last 12 months.

Wheaton Precious Metals (WPM) is viewed positively by multiple experts, with many considering it a strong addition to a diversified portfolio, especially for those bullish on gold. The company is highlighted for its unique position as a royalty streamer, providing exposure to gold prices while mitigating risks associated with mining. Several analysts express caution about the market's current volatility, suggesting that while WPM is a solid investment, it might not be the best time to increase exposure. Predictions for the company's future growth remain optimistic, with price targets suggesting significant upside potential. However, there is also recognition of recent peaks in the sector that indicate a potential need for consolidation before further advancement.

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Consensus
Positive
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Valuation
Fair Value
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Similar
AEM
PARTIAL SELL

From a trade perspective, a bit overbought. He's a trader at heart, and buys into dips. If you're a bull, by all means keep holding. But he took some $$ off the table.

Likes both gold and silver here. Gold and silver equities and exposure to them are very undervalued relative to long-term trends; analysts tell him it's likely going to stay that way for a while. The market just doesn't believe that gold and silver prices are going to remain elevated. 

WEAK BUY

Unsure on whether stock will rise in commodity price increase. Would wait before buying. Overall, is heading in the right direction. Would wait before more strength before buying. 

BUY

Excellent company for gold exposure. Ranks 9/10 for portfolio. Bullish on gold outlook. Excellent fundamentals. Will continue to buy and hold. 

PAST TOP PICK
(A Top Pick Aug 01/23, Up 0.1%)

It's been sideways for a few years, but finding support at current levels. He sees lots of upside. He's been buying in three tranches. But if it doesn't rise, he will sell it. 

TOP PICK

It should at least return to previous highs around $61, but possibly $70 if gold continues to do well.

(Analysts’ price target is $73.14)
PAST TOP PICK
(A Top Pick Mar 10/23, Up 10%)

World's premier precious metals company.
Less risk thank traditional mining companies.
High margins & diversified business.
Expecting gold prices to rise with weak US Dollar & lower interest rates. 

TOP PICK

World's best precious metals company.
Leverage to mining upside.
Very positive view on high quality asset class.
$69 price target on share price.
Expecting further growth.
Gold is a safe haven against interest rate hikes.
High exposure to silver which is used in EV manufacturing.

WAIT
WPM vs. FNV He doesn't have a strong preference. You have to wait to see what happens with the commodity. That's your first decision. Once that's done, you look around for valuations. FNV is the go-to stock. WPM has great leverage once they start to torque up. Six of one, half a dozen of the other. Look at valuations and decide which one you think is cheapest.
BUY
Should be a core holding in a precious metals portfolio - a quality company. Extremely well run with spectacular profit margins. Can act quickly for companies that need capital. More attractive to base metals companies
BUY
Not keen on gold companies since they are perpetually expensive. Next generation of gold bugs seem to be more interested in crypto. Owning the physical commodity may be the better bet. When gold prices go up, cost goes up so he prefers streamers more than producers. Holding metals in the long term, he prefers WPM due to it having a more narrow basket. FNV owns a lot of different mining royalties that give diversification but also makes it more complicated. Both are fine.
BUY
In general, the precious metals sector is positive. They are a processor so they do not have the mining risk. Basically, they get a royalty of what they are processing. It is levered to the price of gold. We are looking at 50%+ upside for gold stocks.
DON'T BUY

He bought them a long time ago and sold with profit. They would be in the same class as Franco-Nevada. WPM is not going to finance anymore. The cashflow is what it is and there will be little upside since it is a royalty company. He would prefer Franco-Nevada. He would look elsewhere where you can get appreciation.

PAST TOP PICK
(A Top Pick Jul 22/19, Up 16%) The theme of precious metals is gaining momentum and these stocks have been rising since last year. People are seeking yield in precious metals during a time of low interest rates. He still holds this. He's not surprised with the gold rally lately, but will the next generation buy it?
WEAK BUY
He owned it years ago. He still likes it. Has a $51 target. But if you're adding a royalty company, start with FNV. Wheaton will offer upside, but others will have better production upside.
BUY
They hit tech resistance at $40-41, then ricochet. It may do that again at $29.30. Likes the outlook for all precious metals.
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