Wheaton Precious Metals (WPM) Stock Forecast & Price Target

$135.32 -0.30 (-0.22%)

Closing price 09/29/2026 03:59 PM Eastern

Extended Trading

$135.57 +0.25 (+0.19%)

As of 09/29/2026 07:58 PM Eastern

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Wheaton Precious Metals - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
1

Buy
11

Based on 12 Wall Street analysts who have issued ratings for Wheaton Precious Metals in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a hold rating, and 11 have given a buy rating for WPM.

Consensus Price Target

$166.00
22.67% Upside

According to the 12 analysts' twelve-month price targets for Wheaton Precious Metals, the average price target is $166.00. The highest price target for WPM is $240.00, while the lowest price target for WPM is $127.00. The average price target represents a forecasted upside of 22.67% from the current price of $135.32.

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.

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WPM Analyst Ratings Over Time

Type	Current Forecast 9/30/25 to 9/30/26	1 Month Ago 8/31/25 to 8/31/26	3 Months Ago 7/2/25 to 7/2/26	1 Year Ago 9/30/24 to 9/30/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	8 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$166.00	$165.55	$154.73	$106.11
Forecasted Upside	22.67% Upside	9.85% Upside	33.87% Upside	-5.13% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

WPM Analyst Recommendations 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	Materials Companies	Broader Market
Consensus Rating Score	2.92	2.56	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	22.67% Upside	144.66% Upside	20.11% Upside
News Sentiment Rating	Positive News See Recent WPM News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/24/2026	Weiss Ratings 3 of 5 stars		Upgrade	Buy (B-) ➝ Buy (B)
9/16/2026	Royal Bank Of Canada 3 of 5 stars	Josh Wolfson 5 of 5 stars	Boost Target	Outperform	$160.00 ➝ $165.00	+12.08%
7/28/2026	Berenberg Bank 2 of 5 stars		Set Target		$157.00	+40.29%
7/14/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tanya Jakusconek Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Outperform	$180.00 ➝ $175.00	+60.77%
7/9/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lawson Winder Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$163.00 ➝ $145.00	+34.86%
7/6/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Fahad Tariq Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$182.00 ➝ $177.00	+53.14%
6/30/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Major Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$165.00 ➝ $150.00	+36.44%
4/9/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform	$240.00	+69.20%
3/16/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Greg Barnes Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$164.00 ➝ $165.00	+18.85%
3/16/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Derick Ma Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$164.00 ➝ $165.00	+19.34%
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3/5/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
2/4/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Cosmos Chiu Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform
10/10/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian MacArthur Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$114.00 ➝ $127.00	+22.84%
6/24/2025	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
2/4/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	I. Rico Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:21 AM ET.

Should I Buy Wheaton Precious Metals Stock? WPM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 29, 2026. Please send any questions or comments about these Wheaton Precious Metals pros and cons to contact@marketbeat.com.

Wheaton Precious Metals
Bull Case

Here are some ways that investors could benefit from investing in Wheaton Precious Metals Corp.:

Wheaton Precious Metals Corp. is targeting a significant production increase, aiming to grow output from approximately 800,000 gold equivalent ounces to 1.2 million gold equivalent ounces by 2030, a target the CEO describes as conservative and supported by nine development projects, six of which are already under construction.
The company has demonstrated strong financial performance, reporting $1.19 in earnings per share for the most recent quarter, which beat analyst consensus estimates of $1.15, while revenue grew 84.7% year-over-year to $878 million, indicating robust operational momentum.
Investors can benefit from a progressive dividend strategy, as the company increased its dividend by 18% this year, following a 7% increase last year, with a current yield of 0.55% and a payout ratio of 17.29%, suggesting ample room for future growth without compromising capital deployment.
Wheaton Precious Metals Corp. maintains a strong balance sheet and capital allocation discipline, having committed $4.6 billion in 2026 and deploying approximately $5.5 billion over the past 12 months, while retaining roughly $2.6 billion in available capacity for new high-quality investments.
The stock is currently trading at $135.32, which is below the average analyst price target of $166.00, suggesting potential upside as the company continues to expand its pipeline of 20 to 25 potential streaming transactions, a larger-than-usual number of opportunities.

Wheaton Precious Metals
Bear Case

Investors should be bearish about investing in Wheaton Precious Metals Corp. for these reasons:

There is notable bearish sentiment in the options market, with traders purchasing 26,101 put options in a single day, a volume increase of 514% compared to the typical daily average of 4,250, indicating that some investors are hedging against potential downside risk.
Short interest has been rising, with shares shorted increasing to 6,357,439 in the most recent reporting period, up from 6,160,442 in the previous month, suggesting that a growing number of investors are betting against the stock's performance.
The company faces a relatively high valuation with a P/E ratio of 30.00, which may limit upside potential if earnings growth does not continue to outpace the stock price, especially given that the current stock price of $135.32 is already above the 50-day moving average of $138.19.
Wheaton Precious Metals Corp. has a current ratio of 0.47 and a quick ratio of 0.47, indicating that its current liabilities exceed its current assets, which could pose liquidity challenges if market conditions deteriorate or if the company needs to access cash quickly.
The company's production is heavily concentrated in a single asset, with Salobo in Brazil currently representing about 37% of total production, which could expose investors to operational or geopolitical risks associated with that specific mine, even as the company aims to diversify its portfolio by 2030.

WPM Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Wheaton Precious Metals is $166.00, with a high forecast of $240.00 and a low forecast of $127.00.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last year. There is currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WPM shares.

According to analysts, Wheaton Precious Metals's stock has a predicted upside of 22.67% based on their 12-month stock forecasts.

Over the previous 90 days, Wheaton Precious Metals's stock had 1 upgrade and 1 downgrade by analysts.

Wheaton Precious Metals has been rated by research analysts at Bank of America, Berenberg Bank, Jefferies Financial Group, Royal Bank Of Canada, Scotiabank, and Weiss Ratings in the past 90 days.

Analysts like Wheaton Precious Metals more than other "materials" companies. The consensus rating score for Wheaton Precious Metals is 2.92 while the average consensus rating score for "materials" companies is 2.56. Learn more on how WPM compares to other companies.

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MarketBeat monitors more than a dozen sources for Wheaton Precious Metals analyst ratings, with the most recent rating issued on 9/24/2026.

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Wheaton Precious Metals (WPM) Stock Forecast & Price Target