Wheaton Precious Metals (WPM) Stock Forecast & Price Target

$49.55

+0.65 (+1.33%)

(As of 12/1/2023 ET)

Today's Range: $48.49
▼
$49.56
50-Day Range: $38.81
▼
$49.15
52-Week Range: $38.10
▼
$52.76

Volume: 3.05 million shs
Average Volume: 1.95 million shs
Market Capitalization: $22.45 billion

P/E Ratio: 41.64
Dividend Yield: 1.21%
Price Target: $52.88

Wheaton Precious Metals Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 9 Analyst Ratings

Analysts' Consensus Price Target

$55.83
12.68% Upside

High Forecast	$62.00
Average Forecast	$55.83
Low Forecast	$41.00

Type	Current Forecast 12/2/22 to 12/2/23	1 Month Ago 11/2/22 to 11/2/23	3 Months Ago 9/3/22 to 9/3/23	1 Year Ago 12/2/21 to 12/2/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	9 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$55.83	$54.33	$53.60	$44.25
Predicted Upside	12.68% Upside	9.94% Upside	-85.01% Downside	-82.58% Downside

Get Wheaton Precious Metals Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for WPM and its competitors with MarketBeat's FREE daily newsletter.

WPM Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WPM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Wheaton Precious Metals Stock vs. The Competition

Type	Wheaton Precious Metals	Basic Materials Companies	S&P 500
Consensus Rating Score	2.67	2.56	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	12.68% Upside	420.20% Upside	2,867.39% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/17/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$56.00 ➝ $57.00	+24.24%
11/10/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$58.00 ➝ $57.00	+32.31%
10/11/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$61.00 ➝ $58.00	+41.50%
9/25/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$75.00 ➝ C$72.50
7/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$42.00 ➝ $41.00	-1.01%
5/23/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	C$50.00 ➝ C$45.00
Get the Latest News and Ratings for WPM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Wheaton Precious Metals and its competitors with MarketBeat's FREE daily newsletter.
5/8/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$72.50 ➝ C$80.00
5/8/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$60.00 ➝ $62.00	+19.46%
4/20/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$66.00 ➝ C$75.00
4/20/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
4/12/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Outperform	$60.00	+21.09%
4/4/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$67.00 ➝ C$75.00
3/2/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$65.00 ➝ C$60.00

(Data available from 12/2/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

WPM Price Target - Frequently Asked Questions

What is Wheaton Precious Metals's consensus rating and price target?: According to the issued ratings of 9 analysts in the last year, the consensus rating for Wheaton Precious Metals stock is Moderate Buy based on the current 3 hold ratings and 6 buy ratings for WPM. The average twelve-month price prediction for Wheaton Precious Metals is $55.83 with a high price target of $62.00 and a low price target of $41.00. Learn more on WPM's analyst rating history.
Do Wall Street analysts like Wheaton Precious Metals more than its competitors?: Analysts like Wheaton Precious Metals more than other Basic Materials companies. The consensus rating score for Wheaton Precious Metals is 2.67 while the average consensus rating score for basic materials companies is 2.56. Learn more on how WPM compares to other companies.
Does Wheaton Precious Metals's stock price have much upside?: According to analysts, Wheaton Precious Metals's stock has a predicted upside of 14.01% based on their 12-month stock forecasts.

What analysts cover Wheaton Precious Metals?: Wheaton Precious Metals has been rated by Berenberg Bank, BMO Capital Markets, National Bank Financial, and Raymond James in the past 90 days.

Stock Ratings Reports and Tools

Related Companies:

Today's Ratings:

Top Rated Stocks:

More Ratings Tools:

This page (NYSE:WPM) was last updated on 12/2/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial