WPM

Rating buyTentativeAI Memo

Wheaton Precious Metals

As of 2026-04-01/Confidence medium

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Data freshness

AI Memo

As of 2026-04-01 • Model: RankAlpha Sentiment AI

Decision Panel

Action, confidence, horizon, and decision blockers at a glance.

Report quality notice

high-coverage report lacks a dated company-specific catalyst beyond generic cadence

Action

buy

Confidence

medium

Horizon

—

Key catalyst

Publication of 2025 annual results (record revenue, earnings, cash flow) • 2026-03-12

Expected move: +11%

Biggest risk

Slower-than-expected delivery on contracted volume growth, adverse commodity prices, or weaker capital-allocation outcomes (dilutive M&A or lower buybacks) could compress multiples and leave shares below current levels.

Invalidation

Break below $110 or thesis failure.

What would change my mind?

Wheaton leverages low-cost streaming/royalty cash flows, expected portfolio growth to ~1.2M GEO by 2030, and disciplined capital allocation (dividends/buybacks) leading to multiple re-rating toward high-teens/low-20s P/FFO and a material upside to the anchor.

Research note

Recommendation

buy

Confidence

medium

As of

2026-04-01

Base target

$145

p=55%

Bull target

$200

p=25%

Bear target

$110

p=20%

Key bullets

Fast scan of bull, bear, and watch items

BullKey bullets

Portfolio growth target to ~1.2M gold-equivalent ounces by 2030
Wheaton leverages low-cost streaming/royalty cash flows, expected portfolio growth to ~1.2M GEO by 2030, and disciplined capital allocation (dividends/buybacks) leading to multiple re-rating toward high-teens/low-20s P/FFO and a material upside to the anchor.
ANCHOR: {"price": 123.505, "timestamp_utc": "2026-03-30T00:00:00Z", "source": "rankalpha_api_adj_close"} ANALYST_TARGETS_REVIEWED: true Our base target (145) aligns with the analyst median (145) and sits comfortably inside the published analyst range (low 43.28 – high 215), reflecting consensus expectations while incorporating company guidance on 2026 production and the longer-term 2030 GEO target; the bull (200) assumes successful delivery plus multiple expansion, the bear (110) assumes weaker pricing or execution headwinds.

BearKey bullets

Adverse capital-allocation decisions (dilutive deals)
Commodity-price volatility (gold/silver) reducing realized cash flow
Execution risk on portfolio growth / counterparty mine performance

WatchKey bullets

Publication of 2025 annual results (record revenue, earnings, cash flow)

Summary

High-level snapshot

Recommendation

buy

Model confidence

medium

Timeframe

Asset

Equity

Trigger

Base case: $145 (p=55%)

Bull/Bear spread: +53% / -16%

Vs latest close: Bull +53% · Base +11% · Bear -16%

Scenario probabilities

Bull Target: $200 (p=25%)Base Target: $145 (p=55%)Bear Target: $110 (p=20%)

Commentary

Recent primary disclosures show constructive tone: a Feb 16, 2026 outlook with explicit multi-year GEO growth and a March 12, 2026 release reporting record 2025 financials, both supporting positive investor sentiment around growth and cash generation [#PR-2026-02-16] [#PR-2026-03-12]. Equity analyst consensus remains mixed but centered near $145 median, implying modest upside from current levels [#SERP-6].

As of 2026-04-01 • Updated bi-weekly / post-earningsSource: Internal modelMethodology

Analyst Summary

Thesis highlights from the latest analysis

Bull Case

Bear Case

Drivers

Scannable catalysts and supporting factors

Portfolio growth target to ~1.2M gold-equivalent ounces by 2030

Human Analyst Targets

External snippets for comparison only; verify at source.

Unverified externalLast fetched 2026-04-01Source quality: external scrape

External snippets are unverified; treat as directional signals only. Always confirm with the original provider.

Inline RA est

Provider

serper

Median (USD)

$145.00

Range (USD)

$43.28 - $215.00

Count

Query: Wheaton Precious Metals Corp Common (WPM) analyst consensus price target high low average

Wheaton Precious Metals (WPM) Stock Forecast & Price Target
Search result #1
Find the latest Wheaton Precious Metals Corp (WPM) stock forecast, 12-month price target, predictions and analyst recommendations.
Open source
Wheaton Precious Metals Corp - WPM Stock Forecast - Alpha Spread
Search result #2
According to Wall Street analysts, the average 1-year price target for WPM is 247.03 CAD with a low forecast of 145.44 CAD and a high forecast of 344.31 CAD.
Open source
WPM Stock Quote Price and Forecast - CNN
Search result #5
Wheaton Precious Metals Corp ; Price Momentum. WPM is trading in the middle ; Price change. The price of WPM shares has increased $4.33 ; Opened at $126.95. The ...
Extracted: $4.33, $126.95Open source
WPM | Wheaton Precious Metals Corp. Analyst Forecasts
Search result #6
The median price target is $131.00 with a high estimate of $178.00 and a low estimate of $118.00. The median price target is a 1.75% change from the last price ...
Extracted: $131.00, $178.00, $118.00Open source
WPM Forecast, Price Target & Analyst Ratings - ChartMill
Search result #7
The average price target is 172.46 USD. This implies a price increase of 38.3% is expected in the next year compared to the current price of 124.7.
Extracted: $172.46Open source
Wheaton Precious Metals Corp.: Target Price Consensus and ...
Search result #8
CIBC Reaffirms Wheaton Precious Metals' Outperformer Rating, US$215 Price Target · RBC Boosts Price Target on Wheaton Precious Metals to $200 From $145, Keeps ...
Extracted: $215.00, $200.00, $145.00Open source

Scenarios

Bull Target (Scenario probability)

$200 / p=25% prob

Base Target (Scenario probability)

$145 / p=55% prob

Bear Target (Scenario probability)

$110 / p=20% prob

Price $130 as of 2026-06-02

Nearest Scenario: Base (∆ 11%)

Targets vs latest close: Bull +53% · Base +11% · Bear -16%

Sentiment & Exposure

Sentiment unavailable: insufficient coverage

Events

Other notable items detected

EVENT2026-03-12
Publication of 2025 annual results (record revenue, earnings, cash flow)
Wheaton published record 2025 results (record revenue, net earnings and cash flow) on 2026-03-12; market reaction to underlying margin/production detail and management commentary on capital allocation (buybacks/dividends/M&A optionality) can re-price multiples near-term [#PR-2026-03-12].
Prob 80.00% • Move 6.00% • Priced-in 70.00%

Short-term Catalysts

Next few weeks

No short-term catalysts

Long-term Catalysts

Months to a year

Portfolio growth target to ~1.2M gold-equivalent ounces by 2030
2030-12-31
Company-provided long-term production outlook projects ~50% growth to ~1.2 million gold-equivalent ounces by 2030; this is a multi-year growth driver tied to existing and new streaming/royalty contracts and portfolio ramp disclosed by management [#PR-2026-02-16].
Prob 65% • Move 30% • Priced-in 20%

Risks

Adverse capital-allocation decisions (dilutive deals)
Commodity-price volatility (gold/silver) reducing realized cash flow
Execution risk on portfolio growth / counterparty mine performance
Geopolitical / jurisdictional mine disruptions

Peers

Symbol	Summary
FNV	Franco-Nevada — direct royalty/streaming business model and similar exposure to precious-metal cash flows; useful comparator for multiple/valuation sentiment.
GFI	GFI (Gold Fields) — large gold producer peer for production/outlook comparators and GEO growth drivers.
KGC	Kinross Gold — active producer with comparable exposure to gold price cycles and mine-life growth investments.
AU	AngloGold Ashanti — producer with large-scale project pipeline; useful for benchmarking long-term GEO growth assumptions.

Sources

Internal and external references used in this analysis

Model source: RankAlpha Sentiment AI
Human targets: serper
Targets query: Wheaton Precious Metals Corp Common (WPM) analyst consensus price target high low average
Analysis date: 2026-04-01

AI Stock Memo: WPM - Wheaton Precious Metals - RankAlpha