The Bull Case For Wheaton Precious Metals (TSX:WPM) Could Change Following Surge in Analyst Optimism Ahead of Q3 Results

• In the past week, Wheaton Precious Metals announced it will release its third-quarter 2025 results on November 6, accompanied by increased analyst optimism and upward earnings estimate revisions ahead of the report. This wave of positive sentiment has been fueled by confidence in the company’s momentum and its well-established track record of exceeding earnings expectations.
• We'll examine how the surge in analyst confidence and upcoming earnings call could influence Wheaton Precious Metals' investment narrative.

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Wheaton Precious Metals Investment Narrative Recap

Wheaton Precious Metals shareholders are essentially betting on sustained demand for gold and silver, a robust development pipeline, and the company’s ability to secure high-quality streaming deals even as competition intensifies. Recent upbeat analyst sentiment tied to the upcoming third-quarter results slightly reinforces the near-term catalyst, continued earnings outperformance, though it doesn't materially alter the central risk: that competition and a finite pool of attractive streaming assets might ultimately slow future growth. Of the recent announcements, Wheaton’s continued streak of upward dividend hikes, most recently a 6.5% increase for Q3 2025, serves as a concrete signal of earnings momentum and management’s confidence in ongoing cash generation, helping to support the investment thesis tied to organic growth and higher commodity prices. However, investors should be aware that beneath the surface, the increasingly competitive streaming market could ...

Read the full narrative on Wheaton Precious Metals (it's free!)

Wheaton Precious Metals is projected to reach $2.2 billion in revenue and $1.1 billion in earnings by 2028. This outlook is based on annual revenue growth of 9.2% and an earnings increase of $311 million from the current $789.0 million.

Uncover how Wheaton Precious Metals' forecasts yield a CA$174.47 fair value, a 18% upside to its current price.

Exploring Other Perspectives

Seven Simply Wall St Community fair value estimates for Wheaton range from US$65.96 to US$186.39 per share. While many are focused on the upside from gold and silver demand, not all participants agree on how competition for new streaming deals may limit future returns, making it worth your time to consider multiple perspectives.

Explore 7 other fair value estimates on Wheaton Precious Metals - why the stock might be worth less than half the current price!

Build Your Own Wheaton Precious Metals Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Wheaton Precious Metals research is our analysis highlighting 2 key rewards that could impact your investment decision.
• Our free Wheaton Precious Metals research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Wheaton Precious Metals' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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