View ValuationWheaton Precious Metals 향후 성장Future 기준 점검 2/6Wheaton Precious Metals (는) 각각 연간 12.5% 및 12.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 13.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 17.7% 로 예상됩니다.핵심 정보12.5%이익 성장률13.29%EPS 성장률Metals and Mining 이익 성장13.3%매출 성장률12.6%향후 자기자본이익률17.67%애널리스트 커버리지Good마지막 업데이트11 May 2026최근 향후 성장 업데이트Price Target Changed • Feb 08Price target increased by 8.2% to US$171Up from US$158, the current price target is an average from 7 analysts. New target price is 26% above last closing price of US$136. Stock is up 105% over the past year. The company is forecast to post earnings per share of US$2.99 for next year compared to US$1.17 last year.Price Target Changed • Jan 26Price target increased by 8.1% to US$158Up from US$146, the current price target is an average from 7 analysts. New target price is 6.8% above last closing price of US$148. Stock is up 150% over the past year. The company is forecast to post earnings per share of US$2.90 for next year compared to US$1.17 last year.Price Target Changed • Jan 20Price target increased by 8.1% to US$149Up from US$138, the current price target is an average from 7 analysts. New target price is 5.3% above last closing price of US$142. Stock is up 138% over the past year. The company is forecast to post earnings per share of US$2.84 for next year compared to US$1.17 last year.Price Target Changed • Oct 12Price target increased by 8.3% to US$125Up from US$116, the current price target is an average from 7 analysts. New target price is 19% above last closing price of US$105. Stock is up 74% over the past year. The company is forecast to post earnings per share of US$2.52 for next year compared to US$1.17 last year.공지 • May 09+ 1 more updateWheaton Precious Metals Corp. Provides Production Guidance for the Full Year 2025Wheaton Precious Metals Corp. provided production guidance for the full year 2025. The company's estimated attributable production in 2025 is forecast to be 350,000 to 390,000 ounces of gold, 20.5 to 22.5 million ounces of silver, and 12,500 to 13,500 GEOs3 of other metals, resulting in annual production of approximately 600,000 to 670,000 GEOs3, unchanged from previous guidance. Annual production is forecast to increase by approximately 40% to 870,000 GEOs3 by 2029, with average annual production forecast to grow to over 950,000 GEOs3 in years 2030 to 2034, also unchanged from previous guidance.Price Target Changed • Apr 17Price target increased by 9.6% to US$92.60Up from US$84.51, the current price target is an average from 6 analysts. New target price is 10% above last closing price of US$84.01. Stock is up 59% over the past year. The company is forecast to post earnings per share of US$2.20 for next year compared to US$1.17 last year.모든 업데이트 보기Recent updates공지 • 21hWheaton Precious Metals Corp. Announces Board ChangesWheaton Precious Metals Corp. announced Randy V.J. Smallwood has assumed the role of non-executive Chair of the Board, Haytham Hodaly has become a Director and George L. Brack has assumed the role of Lead Independent Director.Reported Earnings • May 11First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: US$1.28 (up from US$0.56 in 1Q 2025). Revenue: US$901.5m (up 92% from 1Q 2025). Net income: US$582.0m (up 129% from 1Q 2025). Profit margin: 65% (up from 54% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 40% per year.Declared Dividend • May 11First quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 27th May 2026 Payment date: 9th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 35%.Seeking Alpha • May 04Wheaton Precious Metals: Its Peers Offer More Bang For Your BuckSummary Wheaton Precious Metals is a high-quality streamer with impressive production growth potential but trades at a significant valuation premium. At 23.5x forward earnings and a 0.55% yield, WPM's current price reflects aggressive growth and execution expectations through 2030. Royal Gold offers comparable or superior growth at a materially lower multiple, making it the preferred large-cap streamer for risk-adjusted returns. My rating on WPM is hold; I would revisit if valuation compresses or if Royal Gold's integration falters. Read the full article on Seeking AlphaBuy Or Sell Opportunity • Apr 14Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to US$148. The fair value is estimated to be US$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Recent Insider Transactions • Mar 19President recently bought US$1.4m worth of stockOn the 17th of March, Haytham Hodaly bought around 10k shares on-market at roughly US$139 per share. This transaction increased Haytham's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Haytham has been a buyer over the last 12 months, purchasing a net total of US$1.5m worth in shares.Declared Dividend • Mar 16Fourth quarter dividend increased to US$0.20Dividend of US$0.20 is 18% higher than last year. Ex-date: 31st March 2026 Payment date: 10th April 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 63%.Reported Earnings • Mar 13Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$3.24 (up from US$1.17 in FY 2024). Revenue: US$2.31b (up 80% from FY 2024). Net income: US$1.47b (up 178% from FY 2024). Profit margin: 64% (up from 41% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.공지 • Mar 13Wheaton Precious Metals Corp. Announces Quarterly Dividend, Payable on March 31, 2026Wheaton Precious Metals Corp. announced that its Board of Directors has declared its first quarterly cash dividend payment for 2026 of $0.195 per common share, an 18% increase from the fourth quarterly cash dividend payment for 2025 of $0.165 per common share. The Company declared record dividends during 2025, totaling $0.66 per common share. The first quarterly cash dividend for 2026 will be paid to holders of record of Wheaton common shares as of the close of business on March 31, 2026, and will be distributed on or about April 10, 2026. The ex-dividend trading date is March 31, 2026.공지 • Feb 17+ 5 more updatesWheaton Precious Metals Corp., Annual General Meeting, May 08, 2026Wheaton Precious Metals Corp., Annual General Meeting, May 08, 2026.Price Target Changed • Feb 08Price target increased by 8.2% to US$171Up from US$158, the current price target is an average from 7 analysts. New target price is 26% above last closing price of US$136. Stock is up 105% over the past year. The company is forecast to post earnings per share of US$2.99 for next year compared to US$1.17 last year.공지 • Feb 06+ 1 more updateWheaton Precious Metals Corp. Announces Management Changes, Effective March 31, 2026Wheaton Precious Metals Corp. announced that after more than 15 years of leading the business he co-founded, Mr. Smallwood will step down as CEO and assume the role of non-executive Chair of the Board of Directors, effective March 31, 2026. As Board Chair, Mr. Smallwood's ongoing involvement will provide leadership continuity and alignment to the Company's long-term vision. George Brack, who has served as Chair of the Board since 2022 and Director since 2009, will concurrently transition to Lead Independent Director. Haytham Hodaly, currently serving as President, will transition to President and CEO and join the Company's Board of Directors, effective March 31, 2026. As President and CEO, Mr. Hodaly will guide the Company's strategy and ensure effective execution across all areas of the business. Mr. Hodaly is a seasoned mining industry executive who joined Wheaton in 2012 as Senior Vice President, Corporate Development before being promoted to President in 2025. A mining engineer by training and a former Director and Mining Analyst at RBC, he brings a unique combination of technical expertise and capital markets experience. Mr. Hodaly has played a pivotal role in executing more than $11 billion in streaming transactions, significantly advancing the Company's growth trajectory, while building and leading one of the most highly regarded technical teams in the industry. Since co-founding Wheaton in 2004 and becoming CEO in 2011, Mr. Smallwood has been a transformative leader, guiding Wheaton from the world's first streaming business to one of the largest precious metals companies in the world. Under his leadership, the Company has delivered consistent shareholder value by pursuing strategic growth with a focus on high-quality assets, disciplined capital allocation and investing in innovation. Mr. Smallwood has also championed sustainable, community-focused practices, including the launch of Wheaton's Community Investment Program, the first of its kind in the streaming industry. His operational insight, commitment to fostering partnerships, and strategic vision have solidified Wheaton's reputation for excellence and resilience in a dynamic global market.Price Target Changed • Jan 26Price target increased by 8.1% to US$158Up from US$146, the current price target is an average from 7 analysts. New target price is 6.8% above last closing price of US$148. Stock is up 150% over the past year. The company is forecast to post earnings per share of US$2.90 for next year compared to US$1.17 last year.Price Target Changed • Jan 20Price target increased by 8.1% to US$149Up from US$138, the current price target is an average from 7 analysts. New target price is 5.3% above last closing price of US$142. Stock is up 138% over the past year. The company is forecast to post earnings per share of US$2.84 for next year compared to US$1.17 last year.Buy Or Sell Opportunity • Nov 24Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 6.2% to US$103. The fair value is estimated to be US$83.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 5.7%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Declared Dividend • Nov 10Third quarter dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 20th November 2025 Payment date: 4th December 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 29%. Cash payout ratio: 45%.공지 • Nov 08Wheaton Precious Metals™ Corp. Announces Quarterly Dividend, Payable on November 20, 2025Wheaton Precious Metals™ Corp. announced that its Board of Directors has declared its fourth quarterly cash dividend payment for 2025 of USD 0.165 per common share, an increase of 6.5% relative to the fourth quarterly cash dividend declared in 2024. The fourth quarterly cash dividend for 2025 will be paid to holders of record of Wheaton common shares as of the close of business on November 20, 2025, and will be distributed on or about December 4, 2025. The ex-dividend trading date is November 20, 2025.Reported Earnings • Nov 07Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: US$0.81 (up from US$0.34 in 3Q 2024). Revenue: US$476.3m (up 55% from 3Q 2024). Net income: US$367.2m (up 138% from 3Q 2024). Profit margin: 77% (up from 50% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Oct 21Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at US$95.84. The fair value is estimated to be US$123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 4.3%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 44% in the next 2 years.Price Target Changed • Oct 12Price target increased by 8.3% to US$125Up from US$116, the current price target is an average from 7 analysts. New target price is 19% above last closing price of US$105. Stock is up 74% over the past year. The company is forecast to post earnings per share of US$2.52 for next year compared to US$1.17 last year.Declared Dividend • Aug 11Second quarter dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 21st August 2025 Payment date: 4th September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 37%. Cash payout ratio: 40%.Reported Earnings • Aug 10Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.64 (up from US$0.27 in 2Q 2024). Revenue: US$503.2m (up 68% from 2Q 2024). Net income: US$292.3m (up 139% from 2Q 2024). Profit margin: 58% (up from 41% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.New Risk • Aug 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$2.7m sold).공지 • Aug 08+ 1 more updateWheaton Precious Metals Corp. Declares Third Quarterly Cash Dividend for 2025, Payable on or About September 4, 2025Wheaton Precious Metals™ Corp. announced that its Board of Directors has declared its third quarterly cash dividend payment for 2025 of USD 0.165 per common share, an increase of 6.5% relative to the third quarterly cash dividend declared in 2024. The third quarterly cash dividend for 2025 will be paid to holders of record of Wheaton common shares as of the close of business on August 21, 2025 and will be distributed on or about September 4, 2025. The ex-dividend trading date is August 21, 2025.New Risk • Jul 05New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$2.7m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.Recent Insider Transactions • Jul 03Independent Chairman recently sold US$1.3m worth of stockOn the 30th of June, George Brack sold around 15k shares on-market at roughly US$88.71 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was George's only on-market trade for the last 12 months.공지 • Jun 19Wheaton Precious Metals Corp. Announces Senior Management PromotionsWheaton Precious Metals Corp. announced key senior management promotions as the company positions itself for its next era of innovation and growth. The Company will appoint Haytham Hodaly, current Senior Vice President of Corporate Development, to President of the Company. In addition, Curt Bernardi, current Senior Vice President Legal and Strategic Development, will be promoted to Executive Vice President, Strategy and General Counsel. These changes will be effective June 30, 2025. Randy Smallwood remains the Chief Executive Officer at Wheaton. Mr. Hodaly joined Wheaton Precious Metals in 2012 and has played a pivotal role in executing over $10 billion in streaming transactions, significantly enhancing the company's growth trajectory. Prior to his tenure at Wheaton, Mr. Hodaly was a Director and Mining Analyst at RBC Capital Markets, where he provided strategic insights to institutional clients globally. He also co-directed research at Salman Partners Inc., contributing to its establishment as a leading independent, resource-focused investment dealer. An engineer by training, Mr. Hodaly holds a Bachelor of Applied Science in Mining and Mineral Processing Engineering and a Master's degree in Engineering specializing in Mineral Economics, both from the University of British Columbia. Mr. Bernard joined Wheaton Precious Metals in 2008 and has been instrumental in providing strategic direction and expertly structuring many of the Company's key streaming transactions. With a legal career spanning over three decades, he brings deep expertise in corporate finance, mergers and acquisitions, and governance. Prior to joining Wheaton, Mr. Bernardi held senior legal roles at Westcoast Energy, Duke Energy Gas Transmission, and Union Gas. He holds a Bachelor of Commerce from the University of British Columbia and a Bachelor of Law from the University of Toronto and is a member of the Law Society of British Columbia.Buy Or Sell Opportunity • May 12Now 25% undervaluedOver the last 90 days, the stock has risen 18% to US$78.98. The fair value is estimated to be US$106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.Declared Dividend • May 12First quarter dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 28th May 2025 Payment date: 10th June 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 46%. Cash payout ratio: 34%.Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.56 (up from US$0.36 in 1Q 2024). Revenue: US$470.4m (up 59% from 1Q 2024). Net income: US$254.0m (up 55% from 1Q 2024). Profit margin: 54% (down from 55% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.공지 • May 09+ 1 more updateWheaton Precious Metals Corp. Provides Production Guidance for the Full Year 2025Wheaton Precious Metals Corp. provided production guidance for the full year 2025. The company's estimated attributable production in 2025 is forecast to be 350,000 to 390,000 ounces of gold, 20.5 to 22.5 million ounces of silver, and 12,500 to 13,500 GEOs3 of other metals, resulting in annual production of approximately 600,000 to 670,000 GEOs3, unchanged from previous guidance. Annual production is forecast to increase by approximately 40% to 870,000 GEOs3 by 2029, with average annual production forecast to grow to over 950,000 GEOs3 in years 2030 to 2034, also unchanged from previous guidance.공지 • May 07Wheaton Precious Metals Announces Demise of Peter Gillin, Founding Board Member on May 2, 2025Wheaton Precious Metals Corp. announced the passing of founding board member, Peter Gillin, who passed away on May 2, 2025, after courageously facing health challenges. Mr. Gillin brought more than four decades of experience in the mining and financial sectors to Wheaton, serving with distinction as a dedicated member of Wheaton's Board of Directors for over twenty years. During his tenure, he held key positions including former Chair of the Compensation Committee, and member of the Governance and Sustainability and Audit Committees, where his leadership and expertise played a vital role in guiding Wheaton's growth and success. Mr. Gillin had previously announced his planned retirement ahead of the Company's 2025 Annual General Meeting. In memory of Mr. Gillin and in honour of his legacy, Wheaton will make an increased contribution to the Heart and Stroke Foundation of Canada to support their ongoing efforts in research, prevention, and care.Seeking Alpha • Apr 21Wheaton Precious Metals: Worth The Exposure Even After Huge RallySummary Wheaton Precious Metals is a top-performing precious metals streaming company, benefiting from a bullish gold and silver market, with a 50% YTD increase. WPM's asset-light model and high-margin cash flow make it a low-risk, high-return investment, offering leverage without the operational risks of mining. Despite a seemingly high valuation, WPM's inflation-linked cash flow, rising production, and silver exposure provide compelling upside potential with growing yield. WPM stock is graded a strong buy for its capital-efficient upside, yield advantage over physical metals, and potential for further gains amid ongoing market uncertainty. Read the full article on Seeking AlphaPrice Target Changed • Apr 17Price target increased by 9.6% to US$92.60Up from US$84.51, the current price target is an average from 6 analysts. New target price is 10% above last closing price of US$84.01. Stock is up 59% over the past year. The company is forecast to post earnings per share of US$2.20 for next year compared to US$1.17 last year.Price Target Changed • Apr 11Price target increased by 8.4% to US$86.35Up from US$79.68, the current price target is an average from 6 analysts. New target price is 5.1% above last closing price of US$82.13. Stock is up 59% over the past year. The company is forecast to post earnings per share of US$2.19 for next year compared to US$1.17 last year.Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$82.13, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 13x in the Metals and Mining industry in the US. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$76.62 per share.Seeking Alpha • Apr 01Wheaton Precious Metals: Valuation No Longer AttractiveSummary Wheaton Precious Metals reported several records in 2024, including record revenue, operating cash flow, and attributable gold production. The company also had an extremely busy year for new deals, succeeding in reducing NAV concentration to Salobo, though it remains highly concentrated on a cash flow standpoint short-term. Looking ahead to this year, GEO production is not expected to increase materially, but investors can look forward to more financial records thanks to help from rising gold/silver prices. In this update, we'll dig into the Q4 &FY2024 results, recent developments and where the stock's updated fair value estimate lies. Read the full article on Seeking AlphaSeeking Alpha • Mar 17Wheaton Precious Metals: A Super Star In The Royalty SpaceSummary Wheaton Precious Metals achieved record revenue, adjusted net earnings, and operating cash flow in 2024, driven by a diversified portfolio and outperformances at Salobo and Constancia. The company added four new streams, projecting a 40% increase in annual production to 870,000 GEOs over the next five years, signaling strong future growth. Financially robust with $818 million in cash, no debt, and a $2 billion credit facility, Wheaton is well-positioned for further deals and potential acquisitions. Despite potential market risks, Wheaton's impressive financials and growth prospects make it a compelling choice for investors entering the precious metals sector. Read the full article on Seeking AlphaDeclared Dividend • Mar 17Fourth quarter dividend increased to US$0.17Dividend of US$0.17 is 6.5% higher than last year. Ex-date: 1st April 2025 Payment date: 11th April 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 14Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$1.17 (down from US$1.19 in FY 2023). Revenue: US$1.28b (up 26% from FY 2023). Net income: US$529.1m (down 1.6% from FY 2023). Profit margin: 41% (down from 53% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.공지 • Mar 14Wheaton Precious Metals Corp. Declares First Quarter Cash Dividend, Payable on or About April 11, 2025Wheaton Precious Metals Corp. announced that its Board of Directors has declared its first quarterly cash dividend payment for 2025 of USD 0.165 per common share, a 6.5% increase from the fourth quarterly cash dividend payment for 2024 of USD 0.155 per common share. The Company declared record dividends during 2024, totaling USD 0.62 per common share. The first quarterly cash dividend for 2025 will be paid to holders of record of Wheaton common shares as of the close of business on April 1, 2025 and will be distributed on or about April 11, 2025. The ex-dividend trading date is April 1, 2025.Seeking Alpha • Feb 21Wheaton Precious Metals: Beneficiary Of The Basel III EndgameSummary Wheaton Precious Metals Corp. is a metal streaming company specializing in gold, silver, and palladium. The company’s unique business model minimizes operational risks compared to traditional mining companies. Wheaton's strong financial performance and strategic partnerships enhance its growth potential. Investing in WPM stock offers exposure to precious metals with lower risk and higher stability. Read the full article on Seeking Alpha공지 • Feb 21Wheaton Precious Metals Corp. Provides Production Guidance for the Year 2025Wheaton Precious Metals Corp. provided production guidance for the year 2025. For the year, the company expects production of gold of 350,000 ounces to 390,000 ounces, production of Silver of 20,500,000 to 22,500,000, Other Metals of 12,500 GEOs to 13,500 GEOs, Gold Equivalent Ounces of 600,000 ounces to 670,000 ounces.공지 • Feb 19+ 3 more updatesWheaton Precious Metals Corp. to Report Q2, 2025 Results on Aug 07, 2025Wheaton Precious Metals Corp. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025공지 • Feb 14Wheaton Precious Metals Corp., Annual General Meeting, May 09, 2025Wheaton Precious Metals Corp., Annual General Meeting, May 09, 2025.Seeking Alpha • Jan 25Wheaton Precious Metals: Another Record Year AheadSummary Wheaton Precious Metals reported a decent Q3-24 with lower gold production offset by higher silver production helped by Penasquito and easy comps (strike in Q3-23). Looking ahead, Q4-24 will be another record cash flow quarter with even stronger results this year as it benefits from multiple new streams coming online & record gold prices. Meanwhile, the company has an enviable pipeline with an industry-leading growth among its large-cap peers after taking down another Salobo-like stream from a contribution basis in Kone. In this update we'll dig into the recent results, its 2025 outlook and whether the stock is offering an adequate margin of safety at current levels. Read the full article on Seeking Alpha공지 • Jan 10Wheaton Precious Metals Corp Announces Chief Financial Officer ChangesWheaton Precious Metals Corp. announced that Gary Brown will be stepping down from his role as Chief Financial Officer, effective March 31, 2025. As part of a planned leadership succession, Vincent Lau, Wheaton's Vice President of Finance, will be appointed CFO and will join the senior leadership team. Throughout his nearly 17 years of dedicated service, Mr. Brown has played an integral role in the Company's financial growth, strategic direction, and risk management, all contributing to Wheaton's long-term success. Mr. Brown's legacy will be marked by a strong financial foundation, a culture of excellence, and a focus on sustainable growth. Vincent has served as Wheaton's Vice President of Finance for 13 years, where he has managed the corporate finance and risk management functions. Prior to joining Wheaton, Vincent held senior finance roles at CHC Helicopters and in KPMG's Transaction Services group based in New York. Vincent holds the Chartered Professional Accountant and Chartered Financial Analyst designations and received a Bachelor of Commerce degree from the University of British Columbia.Seeking Alpha • Dec 09Wheaton Precious Metals: Strong Trend, But Too Much Shine On The Stock PriceSummary I have a hold rating on Wheaton Precious Metals Corp (WPM) due to its high valuation despite strong earnings growth and favorable technical trends. WPM's recent earnings report showed mixed results, with impressive revenue growth but a slight miss on Wall Street expectations. Key risks include lower precious metal prices, higher operational costs, and potential regulatory changes, though the company has significant liquidity. Despite high valuation, WPM's strong technical support and bullish momentum suggest buying on dips toward the low $50s offers favorable risk/reward. Read the full article on Seeking AlphaDeclared Dividend • Nov 11Third quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 21st November 2024 Payment date: 6th December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: US$0.34 (up from US$0.26 in 3Q 2023). Revenue: US$308.3m (up 38% from 3Q 2023). Net income: US$154.6m (up 33% from 3Q 2023). Profit margin: 50% (down from 52% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.공지 • Nov 08+ 1 more updateWheaton Precious Metals Corp. Un-changes Production Guidance for the Year 2024Wheaton Precious Metals Corp. unchanged production guidance for the year 2024. The company estimated attributable production in 2024 is forecast to be 325,000 to 370,000 ounces of gold, 18.5 to 20.5 million ounces of silver, and 12,000 to 15,000 GEOs of other metals, resulting in annual production of approximately 550,000 to 620,000 GEOs, unchanged from previous guidance. Annual production is forecast to increase by approximately 40% to over 800,000 GEOs by 2028, with average annual production forecast to grow to over 850,000 GEO in years 2029 to 2033, also unchanged from previous guidance. The transactions announced in 2024, including the new stream associated with the Koné Project and the amendment related to the Fenix Project, have not been incorporated into the long-term guidance.Seeking Alpha • Sep 25Wheaton Precious Metals: Hard To See Value At This PriceSummary Wheaton Precious Metals' high valuation and reliance on gold prices make it a risky investment, especially with potential downturns in gold during recessions. Historical data debunks the myth that gold prices rise with Federal Reserve rate cuts, posing a risk to Wheaton's future performance. Wheaton's projected production claims for 2028 may not materialize in my opinion, while its high price/sales ratio suggests it's trading like a gold proxy. Despite strong cash flow, achieving a 40% production increase by 2028 is unlikely, and a near 1% dividend yield is insufficient risk/reward at current levels. Read the full article on Seeking AlphaSeeking Alpha • Aug 30A Superior Business Model: Why I Just Put Wheaton Precious Metals On My WatchlistSummary Wheaton Precious Metals uses a streaming model, financing mining projects in exchange for discounted future production, and avoiding operational risks. WPM's high margins, strong growth prospects, and focus on gold and silver make it a compelling investment compared to traditional miners. Despite a high valuation, WPM’s fundamentals are solid, with robust dividends and exposure to low-risk jurisdictions, making it a top pick for gold exposure. Read the full article on Seeking AlphaDeclared Dividend • Aug 11Second quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 21st August 2024 Payment date: 4th September 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 08Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.27 (down from US$0.31 in 2Q 2023). Revenue: US$299.1m (up 13% from 2Q 2023). Net income: US$122.3m (down 14% from 2Q 2023). Profit margin: 41% (down from 53% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공지 • Aug 08+ 1 more updateWheaton Precious Metals Corp. Provides Production Guidance for 2024Wheaton Precious Metals Corp. provided production guidance for 2024. The company continues to forecast estimated attributable production in 2024 to be 325,000 ounces to 370,000 ounces of gold, 18.5 million to 20.5 million ounces of silver, and 12,000 ounces to 15,000 gold equivalent ounces (“GEOs”) of other metals, resulting in production of approximately 550,000 to 620,000 GEOs2, unchanged from previous guidance. Annual production is forecast to increase by approximately 40% to over 800,000 GEOs2 by 2028, with average annual production forecast to grow to over 850,000 GEOs2 in years 2029 to 2033, also unchanged from previous guidance.Seeking Alpha • Jul 25Wheaton Precious Metals: Limited Margin Of Safety At Current LevelsSummary Wheaton Precious Metals is set to enjoy significant revenue growth year-over-year in Q2, benefiting from record gold prices and significantly higher silver prices. However, while the upcoming Q2 results and 2024 will benefit from higher gold/silver prices, 2025 will bring significant attributable production growth to complement its near-record financial results. In this update, we'll dig into how Wheaton's valuation looks on an absolute basis and relative to peers following its recent outperformance. Read the full article on Seeking AlphaDeclared Dividend • May 13First quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 29th May 2024 Payment date: 11th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • May 11Wheaton Precious Metals Corp. Approves the Election of Srinivasan Venkatakrishnan as DirectorWheaton Precious Metals Corp. at the 2024 Annual and Special Meeting of Shareholders, approved the election of Srinivasan Venkatakrishnan who joins the board effective May 10, 2024. Mr. Venkatakrishnan is a Corporate Director and an experienced mining executive who brings a wealth of mining and financial experience, gained through his vast experience of leading global mining businesses, in a career that has spanned across 17 countries and six continents. Mr. Venkatakrishnan has a proven track record of leading multinational organizations - including major publicly listed companies - through periods of challenging and transformative change. He is currently the Chair of Endeavour Mining plc. and a director of BlackRock World Mining Trust plc. He was also, until March 31, 2024, a Director of Weir Group Plc. Previously, Mr. Venkatakrishnan served as CEO of Vedanta Resources plc from 2018 to 2020 and was CEO of AngloGold Ashanti Limited between 2013 to 2018, having previously been Chief Financial Officer of the business from 2005, and of Ashanti Goldfields Limited from 2000. In his early career, he was a Director with Deloitte in London, leading corporate restructurings on behalf of both corporates and financiers. Mr. Venkatakrishnan is a past board member of the World Gold Council, International Council on Mining and Metals, Business Leadership South Africa, the Chamber of Mines of South Africa and a past member of the Financial Review Investigation Panel of the Johannesburg Stock Exchange.Seeking Alpha • May 11Wheaton Precious Metals: Q1 2024 Results Make This Stock A Solid BuySummary Wheaton Precious Metals is a leading streaming company in the gold and silver sector, competing closely with Franco-Nevada Corporation. The company has a strong financial position, with a market capitalization of $24.03B and a cash position of $306 million with a credit facility of $2 Billion. Wheaton Precious Metals is focused on aggressive growth, with plans to increase production by 40% by 2028 and forecasted annual production of over 800,000 gold equivalent ounces. Their relentless approach to deal-making has catapulted a once small silver streamer to a market leader in this tiny sector of the market. Read the full article on Seeking Alpha공지 • May 11+ 1 more updateWheaton Precious Metals Corp. Declares Its Second Quarterly Cash Dividend Payment for 2024, Payable on or About June 11, 2024Wheaton Precious Metals™ Corp. announced that its Board of Directors has declared its second quarterly cash dividend payment for 2024 of USD 0.155 per common share. The second quarterly cash dividend for 2024 will be paid to holders of record of Wheaton common shares as of the close of business on May 29, 2024, and will be distributed on or about June 11, 2024. The ex-dividend trading date is May 29, 2024.공지 • May 10An unknown buyer acquired 5% stake in Hecla Mining Company (NYSE:HL) from Wheaton Precious Metals Corp. (TSX:WPM) for approximately $180 million.An unknown buyer acquired 5% stake in Hecla Mining Company (NYSE:HL) from Wheaton Precious Metals Corp. (TSX:WPM) for approximately $180 million during April 2024. An unknown buyer completed the acquisition of 5% stake in Hecla Mining Company (NYSE:HL) from Wheaton Precious Metals Corp. (TSX:WPM) during April 2024.Reported Earnings • May 10First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$0.36 (up from US$0.25 in 1Q 2023). Revenue: US$296.8m (up 38% from 1Q 2023). Net income: US$164.0m (up 47% from 1Q 2023). Profit margin: 55% (up from 52% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Apr 03Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 6.5% to US$51.09. The fair value is estimated to be US$41.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 5.2% per annum over the same time period.Declared Dividend • Mar 18Fourth quarter dividend increased to US$0.15Dividend of US$0.15 is 3.3% higher than last year. Ex-date: 2nd April 2024 Payment date: 15th April 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (375% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Seeking Alpha • Mar 17Wheaton Precious Metals: Buy The DipsSummary Wheaton Precious Metals has continued to perform well despite setbacks at key assets, reporting near-record results ahead of what will be another strong year in 2024. However, growth will accelerate in 2025 as multiple assets see a full year of production, and the environment for royalty/streamers remains favorable with many developers still trading at depressed valuations. In this update, we'll dig into Wheaton Precious Metals' Q4 and FY2023 results, recent developments and where the stock's updated buy zone lies. Read the full article on Seeking AlphaReported Earnings • Mar 15Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: US$1.19 (down from US$1.48 in FY 2022). Revenue: US$1.02b (down 4.6% from FY 2022). Net income: US$537.6m (down 20% from FY 2022). Profit margin: 53% (down from 63% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year.공지 • Mar 15Wheaton Precious Metals Corp. Declares Dividend, Payable on or About April 15, 2024On March 14, 2024, Wheaton Precious Metals Corp. declared a dividend in the amount of $0.155 per common share, with this dividend being payable to shareholders of record on April 3, 2024 and is expected to be distributed on or about April 15, 2024. The Company has implemented a dividend reinvestment plan ("DRIP") whereby shareholders can elect to have dividends reinvested directly into additional Wheaton common shares based on the Average Market Price, as defined in the DRIP.공지 • Feb 21+ 4 more updatesWheaton Precious Metals Corp. to Report Q3, 2024 Results on Nov 07, 2024Wheaton Precious Metals Corp. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024Seeking Alpha • Feb 19Wheaton Precious Metals: Rate Cut Expectations Normalizing; Maintain HoldSummary Wheaton Precious Metals has been affected by the Federal Reserve's fluctuating monetary policies, causing gyrations in gold and precious metals prices. In recent weeks, expectations for Fed rate cuts have been normalized, aligning with the Fed's projections. I remain comfortable holding onto WPM to take advantage of an eventual Fed rate cut. When that becomes more imminent, I will likely add to my holdings. Read the full article on Seeking Alpha공지 • Feb 13Wheaton Precious Metals Corp., Annual General Meeting, May 10, 2024Wheaton Precious Metals Corp., Annual General Meeting, May 10, 2024.Seeking Alpha • Dec 07Wheaton Precious Metals: Growth With Risks (Rating Downgrade)Summary Wheaton Precious Metals Corp. released its Q3 earnings, reporting $223 million in revenue, $171 million in operating cash flow, and $116 million in net earnings. The company has a strong cash balance of $834 million and no debt, with an additional $2 billion available under its revolving credit facility. Wheaton recently made several acquisitions, including streams from Ivanhoe Mines' Platreef Project, BMC Minerals' Kudz Ze Kayah Project, and a gold stream from Dalradian Gold's Curraghinalt Project, adding complexity and potential risks to its production. Read the full article on Seeking Alpha공지 • Nov 23Wheaton Precious Metals and Vale Base Metals Announce Achievement of First Phase Completion Test at SaloboWheaton Precious Metals Corp. (‘Wheaton’ or the ‘Company’), Wheaton Precious Metals International Ltd. (‘Wheaton International’) and Vale Base Metals Limited (‘VBM’) are announced the successful completion of the throughput test for the first phase of the Salobo III expansion project, a significant milestone that demonstrates increased reliability and continued strong performance at VBM's copper project in Brazil. The test required VBM's Salobo complex to run at an average annualized throughput of 32 million tonnes per annum (‘Mtpa’) for a period of 90 days. VBM confirmed completion of the test on November 17, 2023, with an average throughput of 32.3 Mtpa. The Salobo mine historically had a mill throughput capacity of 24 Mtpa, and having now exceeded throughput capacity of 32 Mtpa, is currently ramping up to full capacity of 36 Mtpa, expected in the fourth quarter of 2024. Under the terms of the Salobo precious metals purchase agreement (‘PMPA’), Wheaton International will make a payment to Vale Base Metals totaling $370 million for completion of the first phase of the Salobo III expansion project. The remaining balance of the expansion payment is dependent on the timing of completion and will be triggered once Vale Base Metals expands actual throughput above 35 Mtpa for a period of 90 days. In addition, Wheaton International will be required to make annual payments of between $5.1 million to $8.5 million for a 10-year period following payment of the expansion payments if the Salobo mine implements a high-grade mine plan.Seeking Alpha • Nov 20Wheaton Precious Metals: Recent Transactions Augment Already Strong Growth ProfileSummary Wheaton Precious Metals had a solid Q3 despite much lower sales from its Penasquito silver stream due to the strike that began in June (since resolved). Meanwhile, the company has had a busy year for adding new streams and royalties, with multiple streams added after quarter-end with two in Tier-1 jurisdictions (Yukon, Arizona). In this update, we'll dig into the Q3 results and whether WPM is worthy of investment following the strike resolution at its largest silver streaming asset. Read the full article on Seeking AlphaUpcoming Dividend • Nov 20Upcoming dividend of US$0.15 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.0%).공지 • Nov 11Wheaton Precious Metals Corp. Provides Production Guidance for the Full Year 2023Wheaton Precious Metals Corp. provided production guidance for the full year 2023. Average annual production guidance for 2023 of 600,000 to 660,000 GEOs2,3 is maintained, with sector-leading growth over the next five to ten years.Reported Earnings • Nov 11Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: US$0.26 (down from US$0.43 in 3Q 2022). Revenue: US$223.1m (up 2.0% from 3Q 2022). Net income: US$116.4m (down 41% from 3Q 2022). Profit margin: 52% (down from 90% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공지 • Nov 10Wheaton Precious Metals Corp. Declares Dividend for the Fourth Quarter of 2023, Payable on or About December 8, 2023Wheaton Precious Metals Corp. ("Wheaton" or the "Company") to announced that its Board of Directors has declared its fourth quarterly cash dividend payment for 2023 of USD 0.15 per common share. The fourth quarterly cash dividend for 2023 of USD 0.15 will be paid to holders of record of Wheaton common shares as of the close of business on November 28, 2023, and will be distributed on or about December 8, 2023. The ex-dividend trading date is November 27, 2023.Seeking Alpha • Oct 04Wheaton Precious Metals: A Soft Q3 On DeckSummary Wheaton Precious Metals may see a negative return for its second consecutive year if it can't recover from its current correction. The ongoing strike at the Penasquito mine is partially to blame, a chunky asset that represented nearly 20% of cash flow last year. In this update, we'll look at whether Wheaton has offsets if Penasquito stays offline and whether this is now priced into the stock to allow for a margin of safety. Read the full article on Seeking AlphaNew Risk • Sep 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.4% increase in shares outstanding).이익 및 매출 성장 예측NYSE:WPM - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20284,2062,4742,7603,001612/31/20274,4802,7373,1203,4271212/31/20264,1592,553-1,4073,195123/31/20262,7461,8001,0032,310N/A12/31/20252,3151,4725641,905N/A9/30/20251,8301,0026651,478N/A6/30/20251,6627897561,350N/A3/31/20251,4586198781,169N/A12/31/20241,2855293691,028N/A9/30/20241,218609-49950N/A6/30/20241,132571-196867N/A3/31/20241,098590-271835N/A12/31/20231,01653875751N/A9/30/2023939535421681N/A6/30/2023934615451664N/A3/31/2023972623528668N/A12/31/20221,065669590743N/A9/30/20221,107795354767N/A6/30/20221,157733446813N/A3/31/20221,185750407824N/A12/31/20211,202755319845N/A9/30/20211,210620636858N/A6/30/20211,248635663885N/A3/31/20211,166575664820N/A12/31/20201,096508764765N/A9/30/20201,033428688689N/A6/30/2020950354611604N/A3/31/2020891124568561N/A12/31/201986186N/A502N/A9/30/201983515N/A478N/A6/30/2019797-26N/A444N/A3/31/2019820416N/A470N/A12/31/2018794427N/A477N/A9/30/2018840283N/A534N/A6/30/2018857315N/A555N/A3/31/201884565N/A544N/A12/31/201784358N/A539N/A9/30/2017859206N/A548N/A6/30/2017889223N/A581N/A3/31/2017902215N/A590N/A12/31/2016892195N/A584N/A9/30/201683415N/A543N/A6/30/2016754-164N/A481N/A3/31/2016706-170N/A456N/A12/31/2015649-162N/A431N/A9/30/201558959N/A392N/A6/30/2015601160N/A413N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: WPM 의 연간 예상 수익 증가율(12.5%)이 saving rate(3.5%)보다 높습니다.수익 vs 시장: WPM 의 연간 수익(12.5%)이 US 시장(16.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: WPM 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: WPM 의 수익(연간 12.6%)이 US 시장(연간 11.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: WPM 의 수익(연간 12.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: WPM의 자본 수익률은 3년 후 17.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/11 09:10종가2026/05/11 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Wheaton Precious Metals Corp.는 31명의 분석가가 다루고 있습니다. 이 중 12명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Harriet LiAccountability Research CorporationMatthew MurphyBarclaysRichard HatchBerenberg28명의 분석가 더 보기
Price Target Changed • Feb 08Price target increased by 8.2% to US$171Up from US$158, the current price target is an average from 7 analysts. New target price is 26% above last closing price of US$136. Stock is up 105% over the past year. The company is forecast to post earnings per share of US$2.99 for next year compared to US$1.17 last year.
Price Target Changed • Jan 26Price target increased by 8.1% to US$158Up from US$146, the current price target is an average from 7 analysts. New target price is 6.8% above last closing price of US$148. Stock is up 150% over the past year. The company is forecast to post earnings per share of US$2.90 for next year compared to US$1.17 last year.
Price Target Changed • Jan 20Price target increased by 8.1% to US$149Up from US$138, the current price target is an average from 7 analysts. New target price is 5.3% above last closing price of US$142. Stock is up 138% over the past year. The company is forecast to post earnings per share of US$2.84 for next year compared to US$1.17 last year.
Price Target Changed • Oct 12Price target increased by 8.3% to US$125Up from US$116, the current price target is an average from 7 analysts. New target price is 19% above last closing price of US$105. Stock is up 74% over the past year. The company is forecast to post earnings per share of US$2.52 for next year compared to US$1.17 last year.
공지 • May 09+ 1 more updateWheaton Precious Metals Corp. Provides Production Guidance for the Full Year 2025Wheaton Precious Metals Corp. provided production guidance for the full year 2025. The company's estimated attributable production in 2025 is forecast to be 350,000 to 390,000 ounces of gold, 20.5 to 22.5 million ounces of silver, and 12,500 to 13,500 GEOs3 of other metals, resulting in annual production of approximately 600,000 to 670,000 GEOs3, unchanged from previous guidance. Annual production is forecast to increase by approximately 40% to 870,000 GEOs3 by 2029, with average annual production forecast to grow to over 950,000 GEOs3 in years 2030 to 2034, also unchanged from previous guidance.
Price Target Changed • Apr 17Price target increased by 9.6% to US$92.60Up from US$84.51, the current price target is an average from 6 analysts. New target price is 10% above last closing price of US$84.01. Stock is up 59% over the past year. The company is forecast to post earnings per share of US$2.20 for next year compared to US$1.17 last year.
공지 • 21hWheaton Precious Metals Corp. Announces Board ChangesWheaton Precious Metals Corp. announced Randy V.J. Smallwood has assumed the role of non-executive Chair of the Board, Haytham Hodaly has become a Director and George L. Brack has assumed the role of Lead Independent Director.
Reported Earnings • May 11First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: US$1.28 (up from US$0.56 in 1Q 2025). Revenue: US$901.5m (up 92% from 1Q 2025). Net income: US$582.0m (up 129% from 1Q 2025). Profit margin: 65% (up from 54% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 40% per year.
Declared Dividend • May 11First quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 27th May 2026 Payment date: 9th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 35%.
Seeking Alpha • May 04Wheaton Precious Metals: Its Peers Offer More Bang For Your BuckSummary Wheaton Precious Metals is a high-quality streamer with impressive production growth potential but trades at a significant valuation premium. At 23.5x forward earnings and a 0.55% yield, WPM's current price reflects aggressive growth and execution expectations through 2030. Royal Gold offers comparable or superior growth at a materially lower multiple, making it the preferred large-cap streamer for risk-adjusted returns. My rating on WPM is hold; I would revisit if valuation compresses or if Royal Gold's integration falters. Read the full article on Seeking Alpha
Buy Or Sell Opportunity • Apr 14Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to US$148. The fair value is estimated to be US$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Recent Insider Transactions • Mar 19President recently bought US$1.4m worth of stockOn the 17th of March, Haytham Hodaly bought around 10k shares on-market at roughly US$139 per share. This transaction increased Haytham's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Haytham has been a buyer over the last 12 months, purchasing a net total of US$1.5m worth in shares.
Declared Dividend • Mar 16Fourth quarter dividend increased to US$0.20Dividend of US$0.20 is 18% higher than last year. Ex-date: 31st March 2026 Payment date: 10th April 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 63%.
Reported Earnings • Mar 13Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$3.24 (up from US$1.17 in FY 2024). Revenue: US$2.31b (up 80% from FY 2024). Net income: US$1.47b (up 178% from FY 2024). Profit margin: 64% (up from 41% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Mar 13Wheaton Precious Metals Corp. Announces Quarterly Dividend, Payable on March 31, 2026Wheaton Precious Metals Corp. announced that its Board of Directors has declared its first quarterly cash dividend payment for 2026 of $0.195 per common share, an 18% increase from the fourth quarterly cash dividend payment for 2025 of $0.165 per common share. The Company declared record dividends during 2025, totaling $0.66 per common share. The first quarterly cash dividend for 2026 will be paid to holders of record of Wheaton common shares as of the close of business on March 31, 2026, and will be distributed on or about April 10, 2026. The ex-dividend trading date is March 31, 2026.
공지 • Feb 17+ 5 more updatesWheaton Precious Metals Corp., Annual General Meeting, May 08, 2026Wheaton Precious Metals Corp., Annual General Meeting, May 08, 2026.
Price Target Changed • Feb 08Price target increased by 8.2% to US$171Up from US$158, the current price target is an average from 7 analysts. New target price is 26% above last closing price of US$136. Stock is up 105% over the past year. The company is forecast to post earnings per share of US$2.99 for next year compared to US$1.17 last year.
공지 • Feb 06+ 1 more updateWheaton Precious Metals Corp. Announces Management Changes, Effective March 31, 2026Wheaton Precious Metals Corp. announced that after more than 15 years of leading the business he co-founded, Mr. Smallwood will step down as CEO and assume the role of non-executive Chair of the Board of Directors, effective March 31, 2026. As Board Chair, Mr. Smallwood's ongoing involvement will provide leadership continuity and alignment to the Company's long-term vision. George Brack, who has served as Chair of the Board since 2022 and Director since 2009, will concurrently transition to Lead Independent Director. Haytham Hodaly, currently serving as President, will transition to President and CEO and join the Company's Board of Directors, effective March 31, 2026. As President and CEO, Mr. Hodaly will guide the Company's strategy and ensure effective execution across all areas of the business. Mr. Hodaly is a seasoned mining industry executive who joined Wheaton in 2012 as Senior Vice President, Corporate Development before being promoted to President in 2025. A mining engineer by training and a former Director and Mining Analyst at RBC, he brings a unique combination of technical expertise and capital markets experience. Mr. Hodaly has played a pivotal role in executing more than $11 billion in streaming transactions, significantly advancing the Company's growth trajectory, while building and leading one of the most highly regarded technical teams in the industry. Since co-founding Wheaton in 2004 and becoming CEO in 2011, Mr. Smallwood has been a transformative leader, guiding Wheaton from the world's first streaming business to one of the largest precious metals companies in the world. Under his leadership, the Company has delivered consistent shareholder value by pursuing strategic growth with a focus on high-quality assets, disciplined capital allocation and investing in innovation. Mr. Smallwood has also championed sustainable, community-focused practices, including the launch of Wheaton's Community Investment Program, the first of its kind in the streaming industry. His operational insight, commitment to fostering partnerships, and strategic vision have solidified Wheaton's reputation for excellence and resilience in a dynamic global market.
Price Target Changed • Jan 26Price target increased by 8.1% to US$158Up from US$146, the current price target is an average from 7 analysts. New target price is 6.8% above last closing price of US$148. Stock is up 150% over the past year. The company is forecast to post earnings per share of US$2.90 for next year compared to US$1.17 last year.
Price Target Changed • Jan 20Price target increased by 8.1% to US$149Up from US$138, the current price target is an average from 7 analysts. New target price is 5.3% above last closing price of US$142. Stock is up 138% over the past year. The company is forecast to post earnings per share of US$2.84 for next year compared to US$1.17 last year.
Buy Or Sell Opportunity • Nov 24Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 6.2% to US$103. The fair value is estimated to be US$83.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 5.7%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Declared Dividend • Nov 10Third quarter dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 20th November 2025 Payment date: 4th December 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 29%. Cash payout ratio: 45%.
공지 • Nov 08Wheaton Precious Metals™ Corp. Announces Quarterly Dividend, Payable on November 20, 2025Wheaton Precious Metals™ Corp. announced that its Board of Directors has declared its fourth quarterly cash dividend payment for 2025 of USD 0.165 per common share, an increase of 6.5% relative to the fourth quarterly cash dividend declared in 2024. The fourth quarterly cash dividend for 2025 will be paid to holders of record of Wheaton common shares as of the close of business on November 20, 2025, and will be distributed on or about December 4, 2025. The ex-dividend trading date is November 20, 2025.
Reported Earnings • Nov 07Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: US$0.81 (up from US$0.34 in 3Q 2024). Revenue: US$476.3m (up 55% from 3Q 2024). Net income: US$367.2m (up 138% from 3Q 2024). Profit margin: 77% (up from 50% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Oct 21Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at US$95.84. The fair value is estimated to be US$123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 4.3%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 44% in the next 2 years.
Price Target Changed • Oct 12Price target increased by 8.3% to US$125Up from US$116, the current price target is an average from 7 analysts. New target price is 19% above last closing price of US$105. Stock is up 74% over the past year. The company is forecast to post earnings per share of US$2.52 for next year compared to US$1.17 last year.
Declared Dividend • Aug 11Second quarter dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 21st August 2025 Payment date: 4th September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 37%. Cash payout ratio: 40%.
Reported Earnings • Aug 10Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.64 (up from US$0.27 in 2Q 2024). Revenue: US$503.2m (up 68% from 2Q 2024). Net income: US$292.3m (up 139% from 2Q 2024). Profit margin: 58% (up from 41% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.
New Risk • Aug 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$2.7m sold).
공지 • Aug 08+ 1 more updateWheaton Precious Metals Corp. Declares Third Quarterly Cash Dividend for 2025, Payable on or About September 4, 2025Wheaton Precious Metals™ Corp. announced that its Board of Directors has declared its third quarterly cash dividend payment for 2025 of USD 0.165 per common share, an increase of 6.5% relative to the third quarterly cash dividend declared in 2024. The third quarterly cash dividend for 2025 will be paid to holders of record of Wheaton common shares as of the close of business on August 21, 2025 and will be distributed on or about September 4, 2025. The ex-dividend trading date is August 21, 2025.
New Risk • Jul 05New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$2.7m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.
Recent Insider Transactions • Jul 03Independent Chairman recently sold US$1.3m worth of stockOn the 30th of June, George Brack sold around 15k shares on-market at roughly US$88.71 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was George's only on-market trade for the last 12 months.
공지 • Jun 19Wheaton Precious Metals Corp. Announces Senior Management PromotionsWheaton Precious Metals Corp. announced key senior management promotions as the company positions itself for its next era of innovation and growth. The Company will appoint Haytham Hodaly, current Senior Vice President of Corporate Development, to President of the Company. In addition, Curt Bernardi, current Senior Vice President Legal and Strategic Development, will be promoted to Executive Vice President, Strategy and General Counsel. These changes will be effective June 30, 2025. Randy Smallwood remains the Chief Executive Officer at Wheaton. Mr. Hodaly joined Wheaton Precious Metals in 2012 and has played a pivotal role in executing over $10 billion in streaming transactions, significantly enhancing the company's growth trajectory. Prior to his tenure at Wheaton, Mr. Hodaly was a Director and Mining Analyst at RBC Capital Markets, where he provided strategic insights to institutional clients globally. He also co-directed research at Salman Partners Inc., contributing to its establishment as a leading independent, resource-focused investment dealer. An engineer by training, Mr. Hodaly holds a Bachelor of Applied Science in Mining and Mineral Processing Engineering and a Master's degree in Engineering specializing in Mineral Economics, both from the University of British Columbia. Mr. Bernard joined Wheaton Precious Metals in 2008 and has been instrumental in providing strategic direction and expertly structuring many of the Company's key streaming transactions. With a legal career spanning over three decades, he brings deep expertise in corporate finance, mergers and acquisitions, and governance. Prior to joining Wheaton, Mr. Bernardi held senior legal roles at Westcoast Energy, Duke Energy Gas Transmission, and Union Gas. He holds a Bachelor of Commerce from the University of British Columbia and a Bachelor of Law from the University of Toronto and is a member of the Law Society of British Columbia.
Buy Or Sell Opportunity • May 12Now 25% undervaluedOver the last 90 days, the stock has risen 18% to US$78.98. The fair value is estimated to be US$106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
Declared Dividend • May 12First quarter dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 28th May 2025 Payment date: 10th June 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 46%. Cash payout ratio: 34%.
Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.56 (up from US$0.36 in 1Q 2024). Revenue: US$470.4m (up 59% from 1Q 2024). Net income: US$254.0m (up 55% from 1Q 2024). Profit margin: 54% (down from 55% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
공지 • May 09+ 1 more updateWheaton Precious Metals Corp. Provides Production Guidance for the Full Year 2025Wheaton Precious Metals Corp. provided production guidance for the full year 2025. The company's estimated attributable production in 2025 is forecast to be 350,000 to 390,000 ounces of gold, 20.5 to 22.5 million ounces of silver, and 12,500 to 13,500 GEOs3 of other metals, resulting in annual production of approximately 600,000 to 670,000 GEOs3, unchanged from previous guidance. Annual production is forecast to increase by approximately 40% to 870,000 GEOs3 by 2029, with average annual production forecast to grow to over 950,000 GEOs3 in years 2030 to 2034, also unchanged from previous guidance.
공지 • May 07Wheaton Precious Metals Announces Demise of Peter Gillin, Founding Board Member on May 2, 2025Wheaton Precious Metals Corp. announced the passing of founding board member, Peter Gillin, who passed away on May 2, 2025, after courageously facing health challenges. Mr. Gillin brought more than four decades of experience in the mining and financial sectors to Wheaton, serving with distinction as a dedicated member of Wheaton's Board of Directors for over twenty years. During his tenure, he held key positions including former Chair of the Compensation Committee, and member of the Governance and Sustainability and Audit Committees, where his leadership and expertise played a vital role in guiding Wheaton's growth and success. Mr. Gillin had previously announced his planned retirement ahead of the Company's 2025 Annual General Meeting. In memory of Mr. Gillin and in honour of his legacy, Wheaton will make an increased contribution to the Heart and Stroke Foundation of Canada to support their ongoing efforts in research, prevention, and care.
Seeking Alpha • Apr 21Wheaton Precious Metals: Worth The Exposure Even After Huge RallySummary Wheaton Precious Metals is a top-performing precious metals streaming company, benefiting from a bullish gold and silver market, with a 50% YTD increase. WPM's asset-light model and high-margin cash flow make it a low-risk, high-return investment, offering leverage without the operational risks of mining. Despite a seemingly high valuation, WPM's inflation-linked cash flow, rising production, and silver exposure provide compelling upside potential with growing yield. WPM stock is graded a strong buy for its capital-efficient upside, yield advantage over physical metals, and potential for further gains amid ongoing market uncertainty. Read the full article on Seeking Alpha
Price Target Changed • Apr 17Price target increased by 9.6% to US$92.60Up from US$84.51, the current price target is an average from 6 analysts. New target price is 10% above last closing price of US$84.01. Stock is up 59% over the past year. The company is forecast to post earnings per share of US$2.20 for next year compared to US$1.17 last year.
Price Target Changed • Apr 11Price target increased by 8.4% to US$86.35Up from US$79.68, the current price target is an average from 6 analysts. New target price is 5.1% above last closing price of US$82.13. Stock is up 59% over the past year. The company is forecast to post earnings per share of US$2.19 for next year compared to US$1.17 last year.
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$82.13, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 13x in the Metals and Mining industry in the US. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$76.62 per share.
Seeking Alpha • Apr 01Wheaton Precious Metals: Valuation No Longer AttractiveSummary Wheaton Precious Metals reported several records in 2024, including record revenue, operating cash flow, and attributable gold production. The company also had an extremely busy year for new deals, succeeding in reducing NAV concentration to Salobo, though it remains highly concentrated on a cash flow standpoint short-term. Looking ahead to this year, GEO production is not expected to increase materially, but investors can look forward to more financial records thanks to help from rising gold/silver prices. In this update, we'll dig into the Q4 &FY2024 results, recent developments and where the stock's updated fair value estimate lies. Read the full article on Seeking Alpha
Seeking Alpha • Mar 17Wheaton Precious Metals: A Super Star In The Royalty SpaceSummary Wheaton Precious Metals achieved record revenue, adjusted net earnings, and operating cash flow in 2024, driven by a diversified portfolio and outperformances at Salobo and Constancia. The company added four new streams, projecting a 40% increase in annual production to 870,000 GEOs over the next five years, signaling strong future growth. Financially robust with $818 million in cash, no debt, and a $2 billion credit facility, Wheaton is well-positioned for further deals and potential acquisitions. Despite potential market risks, Wheaton's impressive financials and growth prospects make it a compelling choice for investors entering the precious metals sector. Read the full article on Seeking Alpha
Declared Dividend • Mar 17Fourth quarter dividend increased to US$0.17Dividend of US$0.17 is 6.5% higher than last year. Ex-date: 1st April 2025 Payment date: 11th April 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 14Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$1.17 (down from US$1.19 in FY 2023). Revenue: US$1.28b (up 26% from FY 2023). Net income: US$529.1m (down 1.6% from FY 2023). Profit margin: 41% (down from 53% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
공지 • Mar 14Wheaton Precious Metals Corp. Declares First Quarter Cash Dividend, Payable on or About April 11, 2025Wheaton Precious Metals Corp. announced that its Board of Directors has declared its first quarterly cash dividend payment for 2025 of USD 0.165 per common share, a 6.5% increase from the fourth quarterly cash dividend payment for 2024 of USD 0.155 per common share. The Company declared record dividends during 2024, totaling USD 0.62 per common share. The first quarterly cash dividend for 2025 will be paid to holders of record of Wheaton common shares as of the close of business on April 1, 2025 and will be distributed on or about April 11, 2025. The ex-dividend trading date is April 1, 2025.
Seeking Alpha • Feb 21Wheaton Precious Metals: Beneficiary Of The Basel III EndgameSummary Wheaton Precious Metals Corp. is a metal streaming company specializing in gold, silver, and palladium. The company’s unique business model minimizes operational risks compared to traditional mining companies. Wheaton's strong financial performance and strategic partnerships enhance its growth potential. Investing in WPM stock offers exposure to precious metals with lower risk and higher stability. Read the full article on Seeking Alpha
공지 • Feb 21Wheaton Precious Metals Corp. Provides Production Guidance for the Year 2025Wheaton Precious Metals Corp. provided production guidance for the year 2025. For the year, the company expects production of gold of 350,000 ounces to 390,000 ounces, production of Silver of 20,500,000 to 22,500,000, Other Metals of 12,500 GEOs to 13,500 GEOs, Gold Equivalent Ounces of 600,000 ounces to 670,000 ounces.
공지 • Feb 19+ 3 more updatesWheaton Precious Metals Corp. to Report Q2, 2025 Results on Aug 07, 2025Wheaton Precious Metals Corp. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025
공지 • Feb 14Wheaton Precious Metals Corp., Annual General Meeting, May 09, 2025Wheaton Precious Metals Corp., Annual General Meeting, May 09, 2025.
Seeking Alpha • Jan 25Wheaton Precious Metals: Another Record Year AheadSummary Wheaton Precious Metals reported a decent Q3-24 with lower gold production offset by higher silver production helped by Penasquito and easy comps (strike in Q3-23). Looking ahead, Q4-24 will be another record cash flow quarter with even stronger results this year as it benefits from multiple new streams coming online & record gold prices. Meanwhile, the company has an enviable pipeline with an industry-leading growth among its large-cap peers after taking down another Salobo-like stream from a contribution basis in Kone. In this update we'll dig into the recent results, its 2025 outlook and whether the stock is offering an adequate margin of safety at current levels. Read the full article on Seeking Alpha
공지 • Jan 10Wheaton Precious Metals Corp Announces Chief Financial Officer ChangesWheaton Precious Metals Corp. announced that Gary Brown will be stepping down from his role as Chief Financial Officer, effective March 31, 2025. As part of a planned leadership succession, Vincent Lau, Wheaton's Vice President of Finance, will be appointed CFO and will join the senior leadership team. Throughout his nearly 17 years of dedicated service, Mr. Brown has played an integral role in the Company's financial growth, strategic direction, and risk management, all contributing to Wheaton's long-term success. Mr. Brown's legacy will be marked by a strong financial foundation, a culture of excellence, and a focus on sustainable growth. Vincent has served as Wheaton's Vice President of Finance for 13 years, where he has managed the corporate finance and risk management functions. Prior to joining Wheaton, Vincent held senior finance roles at CHC Helicopters and in KPMG's Transaction Services group based in New York. Vincent holds the Chartered Professional Accountant and Chartered Financial Analyst designations and received a Bachelor of Commerce degree from the University of British Columbia.
Seeking Alpha • Dec 09Wheaton Precious Metals: Strong Trend, But Too Much Shine On The Stock PriceSummary I have a hold rating on Wheaton Precious Metals Corp (WPM) due to its high valuation despite strong earnings growth and favorable technical trends. WPM's recent earnings report showed mixed results, with impressive revenue growth but a slight miss on Wall Street expectations. Key risks include lower precious metal prices, higher operational costs, and potential regulatory changes, though the company has significant liquidity. Despite high valuation, WPM's strong technical support and bullish momentum suggest buying on dips toward the low $50s offers favorable risk/reward. Read the full article on Seeking Alpha
Declared Dividend • Nov 11Third quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 21st November 2024 Payment date: 6th December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: US$0.34 (up from US$0.26 in 3Q 2023). Revenue: US$308.3m (up 38% from 3Q 2023). Net income: US$154.6m (up 33% from 3Q 2023). Profit margin: 50% (down from 52% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
공지 • Nov 08+ 1 more updateWheaton Precious Metals Corp. Un-changes Production Guidance for the Year 2024Wheaton Precious Metals Corp. unchanged production guidance for the year 2024. The company estimated attributable production in 2024 is forecast to be 325,000 to 370,000 ounces of gold, 18.5 to 20.5 million ounces of silver, and 12,000 to 15,000 GEOs of other metals, resulting in annual production of approximately 550,000 to 620,000 GEOs, unchanged from previous guidance. Annual production is forecast to increase by approximately 40% to over 800,000 GEOs by 2028, with average annual production forecast to grow to over 850,000 GEO in years 2029 to 2033, also unchanged from previous guidance. The transactions announced in 2024, including the new stream associated with the Koné Project and the amendment related to the Fenix Project, have not been incorporated into the long-term guidance.
Seeking Alpha • Sep 25Wheaton Precious Metals: Hard To See Value At This PriceSummary Wheaton Precious Metals' high valuation and reliance on gold prices make it a risky investment, especially with potential downturns in gold during recessions. Historical data debunks the myth that gold prices rise with Federal Reserve rate cuts, posing a risk to Wheaton's future performance. Wheaton's projected production claims for 2028 may not materialize in my opinion, while its high price/sales ratio suggests it's trading like a gold proxy. Despite strong cash flow, achieving a 40% production increase by 2028 is unlikely, and a near 1% dividend yield is insufficient risk/reward at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Aug 30A Superior Business Model: Why I Just Put Wheaton Precious Metals On My WatchlistSummary Wheaton Precious Metals uses a streaming model, financing mining projects in exchange for discounted future production, and avoiding operational risks. WPM's high margins, strong growth prospects, and focus on gold and silver make it a compelling investment compared to traditional miners. Despite a high valuation, WPM’s fundamentals are solid, with robust dividends and exposure to low-risk jurisdictions, making it a top pick for gold exposure. Read the full article on Seeking Alpha
Declared Dividend • Aug 11Second quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 21st August 2024 Payment date: 4th September 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 08Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.27 (down from US$0.31 in 2Q 2023). Revenue: US$299.1m (up 13% from 2Q 2023). Net income: US$122.3m (down 14% from 2Q 2023). Profit margin: 41% (down from 53% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공지 • Aug 08+ 1 more updateWheaton Precious Metals Corp. Provides Production Guidance for 2024Wheaton Precious Metals Corp. provided production guidance for 2024. The company continues to forecast estimated attributable production in 2024 to be 325,000 ounces to 370,000 ounces of gold, 18.5 million to 20.5 million ounces of silver, and 12,000 ounces to 15,000 gold equivalent ounces (“GEOs”) of other metals, resulting in production of approximately 550,000 to 620,000 GEOs2, unchanged from previous guidance. Annual production is forecast to increase by approximately 40% to over 800,000 GEOs2 by 2028, with average annual production forecast to grow to over 850,000 GEOs2 in years 2029 to 2033, also unchanged from previous guidance.
Seeking Alpha • Jul 25Wheaton Precious Metals: Limited Margin Of Safety At Current LevelsSummary Wheaton Precious Metals is set to enjoy significant revenue growth year-over-year in Q2, benefiting from record gold prices and significantly higher silver prices. However, while the upcoming Q2 results and 2024 will benefit from higher gold/silver prices, 2025 will bring significant attributable production growth to complement its near-record financial results. In this update, we'll dig into how Wheaton's valuation looks on an absolute basis and relative to peers following its recent outperformance. Read the full article on Seeking Alpha
Declared Dividend • May 13First quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 29th May 2024 Payment date: 11th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • May 11Wheaton Precious Metals Corp. Approves the Election of Srinivasan Venkatakrishnan as DirectorWheaton Precious Metals Corp. at the 2024 Annual and Special Meeting of Shareholders, approved the election of Srinivasan Venkatakrishnan who joins the board effective May 10, 2024. Mr. Venkatakrishnan is a Corporate Director and an experienced mining executive who brings a wealth of mining and financial experience, gained through his vast experience of leading global mining businesses, in a career that has spanned across 17 countries and six continents. Mr. Venkatakrishnan has a proven track record of leading multinational organizations - including major publicly listed companies - through periods of challenging and transformative change. He is currently the Chair of Endeavour Mining plc. and a director of BlackRock World Mining Trust plc. He was also, until March 31, 2024, a Director of Weir Group Plc. Previously, Mr. Venkatakrishnan served as CEO of Vedanta Resources plc from 2018 to 2020 and was CEO of AngloGold Ashanti Limited between 2013 to 2018, having previously been Chief Financial Officer of the business from 2005, and of Ashanti Goldfields Limited from 2000. In his early career, he was a Director with Deloitte in London, leading corporate restructurings on behalf of both corporates and financiers. Mr. Venkatakrishnan is a past board member of the World Gold Council, International Council on Mining and Metals, Business Leadership South Africa, the Chamber of Mines of South Africa and a past member of the Financial Review Investigation Panel of the Johannesburg Stock Exchange.
Seeking Alpha • May 11Wheaton Precious Metals: Q1 2024 Results Make This Stock A Solid BuySummary Wheaton Precious Metals is a leading streaming company in the gold and silver sector, competing closely with Franco-Nevada Corporation. The company has a strong financial position, with a market capitalization of $24.03B and a cash position of $306 million with a credit facility of $2 Billion. Wheaton Precious Metals is focused on aggressive growth, with plans to increase production by 40% by 2028 and forecasted annual production of over 800,000 gold equivalent ounces. Their relentless approach to deal-making has catapulted a once small silver streamer to a market leader in this tiny sector of the market. Read the full article on Seeking Alpha
공지 • May 11+ 1 more updateWheaton Precious Metals Corp. Declares Its Second Quarterly Cash Dividend Payment for 2024, Payable on or About June 11, 2024Wheaton Precious Metals™ Corp. announced that its Board of Directors has declared its second quarterly cash dividend payment for 2024 of USD 0.155 per common share. The second quarterly cash dividend for 2024 will be paid to holders of record of Wheaton common shares as of the close of business on May 29, 2024, and will be distributed on or about June 11, 2024. The ex-dividend trading date is May 29, 2024.
공지 • May 10An unknown buyer acquired 5% stake in Hecla Mining Company (NYSE:HL) from Wheaton Precious Metals Corp. (TSX:WPM) for approximately $180 million.An unknown buyer acquired 5% stake in Hecla Mining Company (NYSE:HL) from Wheaton Precious Metals Corp. (TSX:WPM) for approximately $180 million during April 2024. An unknown buyer completed the acquisition of 5% stake in Hecla Mining Company (NYSE:HL) from Wheaton Precious Metals Corp. (TSX:WPM) during April 2024.
Reported Earnings • May 10First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$0.36 (up from US$0.25 in 1Q 2023). Revenue: US$296.8m (up 38% from 1Q 2023). Net income: US$164.0m (up 47% from 1Q 2023). Profit margin: 55% (up from 52% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Apr 03Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 6.5% to US$51.09. The fair value is estimated to be US$41.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 5.2% per annum over the same time period.
Declared Dividend • Mar 18Fourth quarter dividend increased to US$0.15Dividend of US$0.15 is 3.3% higher than last year. Ex-date: 2nd April 2024 Payment date: 15th April 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (375% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Seeking Alpha • Mar 17Wheaton Precious Metals: Buy The DipsSummary Wheaton Precious Metals has continued to perform well despite setbacks at key assets, reporting near-record results ahead of what will be another strong year in 2024. However, growth will accelerate in 2025 as multiple assets see a full year of production, and the environment for royalty/streamers remains favorable with many developers still trading at depressed valuations. In this update, we'll dig into Wheaton Precious Metals' Q4 and FY2023 results, recent developments and where the stock's updated buy zone lies. Read the full article on Seeking Alpha
Reported Earnings • Mar 15Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: US$1.19 (down from US$1.48 in FY 2022). Revenue: US$1.02b (down 4.6% from FY 2022). Net income: US$537.6m (down 20% from FY 2022). Profit margin: 53% (down from 63% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year.
공지 • Mar 15Wheaton Precious Metals Corp. Declares Dividend, Payable on or About April 15, 2024On March 14, 2024, Wheaton Precious Metals Corp. declared a dividend in the amount of $0.155 per common share, with this dividend being payable to shareholders of record on April 3, 2024 and is expected to be distributed on or about April 15, 2024. The Company has implemented a dividend reinvestment plan ("DRIP") whereby shareholders can elect to have dividends reinvested directly into additional Wheaton common shares based on the Average Market Price, as defined in the DRIP.
공지 • Feb 21+ 4 more updatesWheaton Precious Metals Corp. to Report Q3, 2024 Results on Nov 07, 2024Wheaton Precious Metals Corp. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024
Seeking Alpha • Feb 19Wheaton Precious Metals: Rate Cut Expectations Normalizing; Maintain HoldSummary Wheaton Precious Metals has been affected by the Federal Reserve's fluctuating monetary policies, causing gyrations in gold and precious metals prices. In recent weeks, expectations for Fed rate cuts have been normalized, aligning with the Fed's projections. I remain comfortable holding onto WPM to take advantage of an eventual Fed rate cut. When that becomes more imminent, I will likely add to my holdings. Read the full article on Seeking Alpha
공지 • Feb 13Wheaton Precious Metals Corp., Annual General Meeting, May 10, 2024Wheaton Precious Metals Corp., Annual General Meeting, May 10, 2024.
Seeking Alpha • Dec 07Wheaton Precious Metals: Growth With Risks (Rating Downgrade)Summary Wheaton Precious Metals Corp. released its Q3 earnings, reporting $223 million in revenue, $171 million in operating cash flow, and $116 million in net earnings. The company has a strong cash balance of $834 million and no debt, with an additional $2 billion available under its revolving credit facility. Wheaton recently made several acquisitions, including streams from Ivanhoe Mines' Platreef Project, BMC Minerals' Kudz Ze Kayah Project, and a gold stream from Dalradian Gold's Curraghinalt Project, adding complexity and potential risks to its production. Read the full article on Seeking Alpha
공지 • Nov 23Wheaton Precious Metals and Vale Base Metals Announce Achievement of First Phase Completion Test at SaloboWheaton Precious Metals Corp. (‘Wheaton’ or the ‘Company’), Wheaton Precious Metals International Ltd. (‘Wheaton International’) and Vale Base Metals Limited (‘VBM’) are announced the successful completion of the throughput test for the first phase of the Salobo III expansion project, a significant milestone that demonstrates increased reliability and continued strong performance at VBM's copper project in Brazil. The test required VBM's Salobo complex to run at an average annualized throughput of 32 million tonnes per annum (‘Mtpa’) for a period of 90 days. VBM confirmed completion of the test on November 17, 2023, with an average throughput of 32.3 Mtpa. The Salobo mine historically had a mill throughput capacity of 24 Mtpa, and having now exceeded throughput capacity of 32 Mtpa, is currently ramping up to full capacity of 36 Mtpa, expected in the fourth quarter of 2024. Under the terms of the Salobo precious metals purchase agreement (‘PMPA’), Wheaton International will make a payment to Vale Base Metals totaling $370 million for completion of the first phase of the Salobo III expansion project. The remaining balance of the expansion payment is dependent on the timing of completion and will be triggered once Vale Base Metals expands actual throughput above 35 Mtpa for a period of 90 days. In addition, Wheaton International will be required to make annual payments of between $5.1 million to $8.5 million for a 10-year period following payment of the expansion payments if the Salobo mine implements a high-grade mine plan.
Seeking Alpha • Nov 20Wheaton Precious Metals: Recent Transactions Augment Already Strong Growth ProfileSummary Wheaton Precious Metals had a solid Q3 despite much lower sales from its Penasquito silver stream due to the strike that began in June (since resolved). Meanwhile, the company has had a busy year for adding new streams and royalties, with multiple streams added after quarter-end with two in Tier-1 jurisdictions (Yukon, Arizona). In this update, we'll dig into the Q3 results and whether WPM is worthy of investment following the strike resolution at its largest silver streaming asset. Read the full article on Seeking Alpha
Upcoming Dividend • Nov 20Upcoming dividend of US$0.15 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.0%).
공지 • Nov 11Wheaton Precious Metals Corp. Provides Production Guidance for the Full Year 2023Wheaton Precious Metals Corp. provided production guidance for the full year 2023. Average annual production guidance for 2023 of 600,000 to 660,000 GEOs2,3 is maintained, with sector-leading growth over the next five to ten years.
Reported Earnings • Nov 11Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: US$0.26 (down from US$0.43 in 3Q 2022). Revenue: US$223.1m (up 2.0% from 3Q 2022). Net income: US$116.4m (down 41% from 3Q 2022). Profit margin: 52% (down from 90% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공지 • Nov 10Wheaton Precious Metals Corp. Declares Dividend for the Fourth Quarter of 2023, Payable on or About December 8, 2023Wheaton Precious Metals Corp. ("Wheaton" or the "Company") to announced that its Board of Directors has declared its fourth quarterly cash dividend payment for 2023 of USD 0.15 per common share. The fourth quarterly cash dividend for 2023 of USD 0.15 will be paid to holders of record of Wheaton common shares as of the close of business on November 28, 2023, and will be distributed on or about December 8, 2023. The ex-dividend trading date is November 27, 2023.
Seeking Alpha • Oct 04Wheaton Precious Metals: A Soft Q3 On DeckSummary Wheaton Precious Metals may see a negative return for its second consecutive year if it can't recover from its current correction. The ongoing strike at the Penasquito mine is partially to blame, a chunky asset that represented nearly 20% of cash flow last year. In this update, we'll look at whether Wheaton has offsets if Penasquito stays offline and whether this is now priced into the stock to allow for a margin of safety. Read the full article on Seeking Alpha
New Risk • Sep 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.4% increase in shares outstanding).