Analysts Boost Wheaton Precious Metals Targets Amid Higher Forecasts and Mixed Valuation Views

Wheaton Precious Metals' analyst price targets have increased significantly in recent updates. Analysts cite higher gold and silver price forecasts, improved revenue growth prospects, and recent sector momentum as key drivers of this upward adjustment.

Analyst Commentary

Recent analyst commentary on Wheaton Precious Metals reflects a range of views related to future growth, valuation, and sector conditions. Most analysts remain optimistic, though some have noted areas of caution as well.

• Bullish analysts have significantly raised price targets for Wheaton Precious Metals. These changes reflect updates to their gold and silver price forecasts and optimism around sector momentum.
• Upward revisions are largely attributed to anticipated higher gold and silver prices, with some now expecting gold prices to reach $5,000 per ounce and silver to hit $65 per ounce.
• Revenue growth prospects are improving, supported by the company’s ability to leverage market opportunities and execute key financing deals, such as committed funding for strategic acquisitions in the mining sector.
• The majority of analysts maintain Buy or Outperform ratings, indicating continued confidence in Wheaton’s business execution and growth outlook over the medium term.

• Some bearish analysts have flagged valuation as a near-term concern. They note that the strong rally in Wheaton’s share price may leave limited further upside at current levels.
• There is caution that the recent bullish market environment for metals could already be priced into the stock, potentially reducing its attractiveness for new investors.
• While copper and gold demand is expected to remain strong, pockets of uncertainty in the broader commodity market may create volatility for future earnings and share performance.
• Neutral or downgraded ratings from a minority of analysts reflect the view that a pause in share upside may be warranted following exceptional recent gains.

What's in the News

• Reported increased gold production for Q2 2025 at 91,968 ounces, up from 83,743 ounces a year ago. Gold equivalent production was higher at 158,608 ounces compared to 144,904 ounces in the previous year (Key Developments).
• Silver production for Q2 2025 rose to 5,407 ounces from 5,047 ounces a year earlier. Cobalt production more than doubled to 647 pounds (Key Developments).
• Palladium output for Q2 2025 declined to 2,435 ounces from 4,338 ounces year over year (Key Developments).
• Confirmed production guidance for 2025 and long-term outlook. Annual production is expected between 600,000 and 670,000 gold equivalent ounces (GEOs) in 2025, with an anticipated 40% increase by 2029 (Key Developments).

Valuation Changes

• The Fair Value Estimate has decreased slightly, moving from CA$174.47 to CA$172.80.
• The Discount Rate has risen marginally, increasing from 6.59% to 6.62%.
• The Revenue Growth Forecast has improved notably, increasing from 13.70% to 16.39%.
• The Net Profit Margin has declined, falling from 53.76% to 47.98%.
• The Future Price-to-Earnings (P/E) Ratio has increased slightly from 52.34x to 53.94x.