Wheaton Precious Metals Corp WPM Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$134.18 up $1.02, 0.77% at close Oct 16
Last close · Previous close $133.16
- Market cap
- At the Oct 16 close
- P/E ratio
- 29.76On last 12 months’ EPS
- Diluted EPS
- $4.51Last 12 months
- Dividend yield
- 0.56%Last 12 months
Price chart
$134.18up $1.02, 0.77%Fri, Oct 16 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$133.16Oct 15
- Volume1.27MOct 16 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume1.70MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $92.57 to $165.76; now $134.18
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Oct 16 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
WPM beat the S&P 500 in 6 of 7 periods.
| Period | WPM and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | WPM: down 8.6% S&P 500: up 1.5% | WPM trailed the S&P 500 by 10.1 percentage points Trailed |
| 3M | WPM: up 28.9% S&P 500: up 1.9% | WPM beat the S&P 500 by 27.0 percentage points Beat |
| YTD | WPM: up 14.7% S&P 500: up 12.8% | WPM beat the S&P 500 by 1.9 percentage points Beat |
| 1Y | WPM: up 18.9% S&P 500: up 16.8% | WPM beat the S&P 500 by 2.1 percentage points Beat |
| Long term | ||
| 3Y | WPM: up 222.7% S&P 500: up 81.5% +47.8% vs +22.0% a year | WPM beat the S&P 500 by 141.2 percentage points Beat |
| 5Y | WPM: up 245.5% S&P 500: up 83.1% +28.1% vs +12.9% a year | WPM beat the S&P 500 by 162.4 percentage points Beat |
| 10Y | WPM: up 567.3% S&P 500: up 319.6% +20.9% vs +15.4% a year | WPM beat the S&P 500 by 247.7 percentage points Beat |
$10,000 invested in WPM 10 years ago (Oct 14, 2016) would be worth about $66,729 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,964.
WPM beat the S&P 500 in 6 of 7 periods.
| Period | WPM and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | WPM: down 8.6% S&P 500: up 1.2% | WPM trailed the S&P 500 by 9.8 percentage points Trailed |
| 3M | WPM: up 28.7% S&P 500: up 1.7% | WPM beat the S&P 500 by 27.0 percentage points Beat |
| YTD | WPM: up 14.2% S&P 500: up 11.9% | WPM beat the S&P 500 by 2.3 percentage points Beat |
| 1Y | WPM: up 18.2% S&P 500: up 15.5% | WPM beat the S&P 500 by 2.7 percentage points Beat |
| Long term | ||
| 3Y | WPM: up 214.5% S&P 500: up 75.0% +46.5% vs +20.5% a year | WPM beat the S&P 500 by 139.5 percentage points Beat |
| 5Y | WPM: up 227.2% S&P 500: up 71.2% +26.8% vs +11.4% a year | WPM beat the S&P 500 by 156.0 percentage points Beat |
| 10Y | WPM: up 487.0% S&P 500: up 258.1% +19.4% vs +13.6% a year | WPM beat the S&P 500 by 228.9 percentage points Beat |
$10,000 invested in WPM 10 years ago (Oct 14, 2016) would be worth about $58,696 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,813.
All-time high
$165.72
Closing high on . Now 19.0% below that record.
Split-adjusted daily closes since Jan 4, 2016.
Stock splits
WPM hasn’t split since its price history begins in 2016.
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $3.17Bup 90.8%
- Net income
- $2.05Bup 159.9%
- Diluted EPS
- $4.51up 159.7%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $308.25M | $154.64M | $0.34 |
| Q4 FY24 (Dec 31, 2024) | $380.52M | $88.15M | $0.19 |
| Q1 FY25 (Mar 31, 2025) | $470.41M | $253.98M | $0.56 |
| Q2 FY25 (Jun 30, 2025) | $503.22M | $292.27M | $0.64 |
| Q3 FY25 (Sep 30, 2025) | $476.26M | $367.22M | $0.81 |
| Q4 FY25 (Dec 31, 2025) | $864.71M | $558.25M | $1.23 |
| Q1 FY26 (Mar 31, 2026) | $901.47M | $582.04M | $1.28 |
| Q2 FY26 (Jun 30, 2026) | $929.20M | $543.24M | $1.19 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $1.20B | $754.89M | $1.67 |
| FY22 (Dec 31, 2022) | $1.07B | $669.13M | $1.48 |
| FY23 (Dec 31, 2023) | $1.02B | $537.64M | $1.19 |
| FY24 (Dec 31, 2024) | $1.28B | $529.14M | $1.17 |
| FY25 (Dec 31, 2025) | $2.31B | $1.47B | $3.24 |
Margins
- Gross 75.3%
- Operating 72.6%
- Net 64.7%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- −$2.81BLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$2.54BLast 12 months
- Capital spending$5.36BLast 12 months
- −88.7%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- Not reportedLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paidNot reportedLast 12 months
Balance sheet
- $247.81MAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$1.98BAs of Jun 30, 2026
- Net debt$1.73BAs of Jun 30, 2026
- 0.47As of Jun 30, 2026
Current assets divided by current liabilities on the Jun 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 0.20As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 6 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✓Return on assets improved: passed
- ✓Operating cash flow exceeded net income: passed
- ✗Long-term debt fell relative to assets: not passed
- ✗Current ratio improved: not passed
- ✗Share count didn’t rise: not passed
- ✓Gross margin improved: passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- 23.0%Last 12 months
Over the last 12 months, Wheaton Precious Metals’s net income was 23.0% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 20.7%Last 12 months
Over the last 12 months, Wheaton Precious Metals’s net income was 20.7% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $0.21 |
| 2017 | $0.33 |
| 2018 | $0.36 |
| 2019 | $0.36 |
| 2020 | $0.42 |
| 2021 | $0.57 |
| 2022 | $0.60 |
| 2023 | $0.60 |
| 2024 | $0.62 |
| 2025 | $0.66 |
| 2026 (to date) | $0.59 |
Dividend details
- $0.75Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- Dividend yield0.56%Last 12 months
- $0.20Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- up 9.5% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 2 yearsThrough 2025
How many calendar years in a row the full-year amount has risen, through 2025.
- 16.6%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Wheaton Precious Metals Corp
Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate. Wheaton creates sustainable value through streaming for all of its stakeholders. In accordance with Wheaton Precious Metals™ Corp.'s ("Wheaton Precious Metals", "Wheaton" or the "Company") MD&A and Financial Statements, reference to the Company and Wheaton includes the Company's wholly owned subsidiaries. Webcast and Conference Call Details Wheaton will release its 2026 second quarter results on Thursday, August 6, 2026, after market close. A conference call will be held on Friday, August 7, 2026, starting at 11:00 am ET (8:00 am PT) to discuss these results. To participate in the live call, please use one of the following methods: RapidConnect URL: Click here Live webcast: Click here Dial toll free: 1-800-715-9871 or 1-647-932-3411 Conference Call ID: 9311928# Participants should dial in five to ten minutes before the call. The conference call will be recorded and available until August 14, 2026, at 11:59 pm ET. The webcast will be available for one year. You can listen to an archive of the call by one of the following methods: Dial toll free from Canada or the US: 1-800-770-2030 Dial from outside Canada or the US: 1-647-362-9199 Pass code: 9311928# Archived webcast: Click here This earnings release should be read in conjunction with Wheaton Precious Metals' MD&A and Financial Statements, which are available on the Company's website at www.wheatonpm.com and have been posted on SEDAR+ at www.sedarplus.ca. Wheaton Precious Metals believes that there are no significant differences between its corporate governance practices and those required to be followed by United States domestic issuers under the NYSE listing standards. This confirmation is located on the Wheaton Precious Metals website at http://www.wheatonpm.com. Condensed Interim Consolidated Statements of Earnings Three Months Ended June 30 Six Months Ended June 30 (US dollars and shares in thousands, except per share amounts - unaudited) 2026 2025 2026 2025 Sales $ 929,201 $ 503,218 $ 1,830,670 $ 973,629 Cost of sales Cost of sales, excluding depletion $ 118,843 $ 75,169 $ 244,086 $ 149,805 Depletion 122,502 75,002 199,354 151,695 Total cost of sales $ 241,345 $ 150,171 $ 443,440 $ 301,500 Gross margin $ 687,856 $ 353,047 $ 1,387,230 $ 672,129 General and administrative 11,327 11,022 24,299 24,547 Share based compensation 4,806 9,962 14,918 22,143 Donations and community investments 4,665 2,368 6,162 5,060 Earnings from operations $ 667,058 $ 329,695 $ 1,341,851 $ 620,379 Other income (expense) 9,071 9,736 26,807 17,256 Earnings before finance costs and income taxes $ 676,129 $ 339,431 $ 1,368,658 $ 637,635 Finance costs 31,097 1,427 32,502 2,868 Earnings before income taxes $ 645,032 $ 338,004 $ 1,336,156 $ 634,767 Income tax expense 101,796 45,734 210,876 88,513 Net earnings $ 543,236 $ 292,270 $ 1,125,280 $ 546,254 Basic earnings per share $ 1.196 $ 0.644 $ 2.478 $ 1.204 Diluted earnings per share $ 1.194 $ 0.643 $ 2.473 $ 1.202 Weighted average number of shares outstanding Basic 454,133 453,889 454,089 453,791 Diluted 454,991 454,663 454,973 454,550 Condensed Interim Consolidated Balance Sheets As at June 30 As at December 31 (US dollars in thousands - unaudited) 2026 2025 Assets Current assets Cash and cash equivalents $ 100,192 $ 1,153,593 Accounts receivable 26,056 46,723 Other 3,916 3,853 Total current assets $ 130,164 $ 1,204,169 Non-current assets Mineral stream interests $…
- Sector
- Basic Materials
- Industry
- Gold
- Headquarters
- British Columbia, Canada
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
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WPM stock FAQ
What is WPM stock’s price today?
Wheaton Precious Metals (WPM) traded at $134.18 at the close on , up $1.02 (0.77%) from the previous close of $133.16. Over the past 52 weeks it has traded between $92.57 and $165.76.
If you invested $1,000 in WPM 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in WPM on would be worth about $6,673 at the close on , a total return of +567.3%. The same $1,000 would be worth $3,455 if invested five years ago and $1,189 if invested one year ago. Past performance doesn’t predict future returns.
What is WPM’s P/E ratio?
WPM trades at 29.8 times its diluted earnings over the four quarters to ($4.51 per share), at the close. (How the P/E ratio works.)
How much revenue does Wheaton Precious Metals make?
Wheaton Precious Metals reported $3.2 billion of revenue over the four quarters to , up 90.8% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $929.2 million, up 84.7% from a year earlier.
Is Wheaton Precious Metals profitable?
Yes. Wheaton Precious Metals earned $2.1 billion of net income over the four quarters to , a net margin of 64.7%, and its operating margin was 72.6% (what margins tell you).
What are WPM’s earnings per share?
WPM’s diluted earnings per share were $4.51 over the four quarters to , compared with $1.74 in the twelve months before. The latest quarter (Q2 FY26) brought $1.19 per share, against $0.64 a year earlier (how EPS works).
Does WPM pay a dividend?
Yes. Wheaton Precious Metals pays a quarterly dividend. The most recent was $0.20 per share, with an ex-dividend date of . Over the last twelve months it paid $0.75 per share, a 0.56% yield at the close (how dividend yield works).
Based on the last 12 months’ payments ($0.75 per share), and if the next 12 months match the last 12, 100 shares would receive about $75 over 12 months, and $1,000 over 12 months would take about 1,334 shares, roughly $178,996 at the close. Dividends can change.
What is WPM’s 52-week high and low?
Over the past 52 weeks WPM has traded as low as $92.57 and as high as $165.76. At $134.18 at the close on , it is 19.1% below that high and 45.0% above the low.
What is WPM’s all-time high?
WPM’s highest closing price was $165.72 on , adjusted for stock splits. At $134.18 at the close on , it is 19.0% below that record.
Has WPM stock ever split?
No. WPM hasn’t split since its price history begins in 2016.
How has WPM stock performed?
Including dividends and measured to the close on , WPM has returned +14.7% so far this year and +18.9% over the past year, and +245.5% over five years (+28.1% a year). Over the same periods the S&P 500, measured by SPY, returned +12.8%, +16.8% and +83.1%. Past performance doesn’t predict future returns.
What sector and industry is Wheaton Precious Metals in?
Wheaton Precious Metals is in the Basic Materials sector and the Gold industry, and is headquartered in British Columbia, Canada.
What exchange does WPM trade on?
Wheaton Precious Metals trades on the NYSE under the ticker symbol WPM. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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