Update shared on24 Sep 2025
Fair value Increased 1.18%Analysts have raised their price target for Wheaton Precious Metals to CA$150.28, citing stronger-than-expected recent results, optimism over commodity price trends, and the company’s new growth initiative with the Hemlo Mine acquisition.
Analyst Commentary
- Bullish analysts are positive on the outlook for copper, aluminum, and gold prices, supporting higher valuation multiples for Wheaton Precious Metals.
- Recent performance exceeded expectations, as a forecasted Q3 "soft patch" did not occur, reinforcing confidence in business momentum.
- Wheaton’s commitment to finance Carcetti Capital’s proposed acquisition of the Hemlo Mine represents a significant growth initiative and potential revenue driver.
- Bearish analysts note the stock appears fully valued after a substantial year-to-date rally, with recent gains already reflecting anticipated commodity price appreciation.
- Upward price target revisions reflect continued sector optimism and improved underlying commodity fundamentals.
What's in the News
- Second quarter gold production increased to 91,968 ounces, while palladium production declined to 2,435 ounces from 4,338 ounces year-over-year.
- Year-to-date gold equivalent production rose slightly to 309,209 ounces from 303,393 ounces a year ago.
- 2025 production guidance and long-term outlook through 2029 remain unchanged, with significant growth expected by 2029 and beyond.
Valuation Changes
Summary of Valuation Changes for Wheaton Precious Metals
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$148.53 to CA$150.28.
- The Consensus Revenue Growth forecasts for Wheaton Precious Metals has significantly risen from 9.5% per annum to 12.3% per annum.
- The Future P/E for Wheaton Precious Metals has fallen from 73.11x to 66.15x.
Disclaimer
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