Update shared on 19 Nov 2025
Fair value Increased 4.60%The consensus analyst price target for Wheaton Precious Metals has increased significantly. Recent updates reflect a rise from $109 to $128 per share, as analysts cite continued precious metal price rallies, favorable capital returns, and robust M&A momentum as key drivers behind their upward adjustments.
Analyst Commentary
Recent analyst updates highlight both positive drivers and potential areas of caution for Wheaton Precious Metals. The following sections summarize key takeaways from these research notes and target revisions.
Bullish Takeaways- Bullish analysts are raising price targets significantly, reflecting strong rallies in gold and silver prices along with improved forecasts for precious metals.
- Favorable capital returns and ongoing corporate M&A momentum are seen as adding to shareholder value and supporting a higher valuation.
- Recent strategic financing deals, such as Wheaton’s commitment to support mine acquisitions, highlight effective execution and growth expansion opportunities.
- Forecasts now anticipate gold could reach $5,000 per ounce and silver $65 per ounce, contributing to increased earnings potential and justifying higher target prices.
- Some analysts maintain neutral stances, noting caution around short-term softness or volatility in quarterly results, even if recent soft patches have not materialized.
- There is ongoing watchfulness on potential execution risks associated with significant new project commitments, particularly large-scale mine financing packages.
- While sector fundamentals remain strong, continued reliance on commodity price strength may introduce valuation risk if forecasts prove too optimistic.
What's in the News
- Wheaton Precious Metals announced a definitive Precious Metals Purchase Agreement with Waterton Gold Corp. for the Spring Valley Project in Nevada. Early site works are already underway, with plans to commence full construction in 2026 and achieve first gold production in the first half of 2028. (Key Developments)
- The company will pay Waterton Gold a total upfront cash consideration in installments as conditions are met. This approach supports flexibility for future mineral stream investments and fulfills current commitments. (Key Developments)
- This agreement is expected to advance the development of Nevada's next major low-cost heap-leach gold mine, signaling long-term value creation for all stakeholders involved. (Key Developments)
Valuation Changes
- Fair Value has risen slightly, increasing from CA$174.71 to CA$182.74 per share. This reflects updated outlooks and revised forecasts.
- Discount Rate has edged up from 6.90% to 7.04%, indicating minor adjustments to the company’s perceived risk profile.
- Revenue Growth expectations have been revised downward from 17.79% to 15.52%. This suggests more measured near-term growth forecasts.
- Net Profit Margin is now expected to be significantly higher, moving up from 49.86% to 60.02%. This highlights improved profitability projections.
- Future P/E ratio estimates have fallen from 50.76x to 42.85x. This reflects stronger earnings relative to share price and valuation recalibration.
Disclaimer
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