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WPM

Wheaton Precious Metals Corp

NYSE: WPM · BASIC MATERIALS · GOLD

$124.89
-3.51% today

Updated 2026-04-29

Market cap
$63.31B
P/E ratio
43.04
P/S ratio
27.35x
EPS (TTM)
$3.24
Dividend yield
0.47%
52W range
$75 – $166
Volume
2.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Wheaton Precious Metals Corp (WPM) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$124.89
Consensus
$152.13
+21.81%
2030 Target
$189.78
+51.96%
DCF
—
—
8 analysts:
4 Buy0 Hold0 Sell

Management guidance

CEO Randy Smallwood stated in February 2026 guidance that WPM projects approximately 50% growth in gold equivalent ounces to 1.2 million ounces by 2030. With current 2025 revenue of $2.31B and recent major acquisitions (BHP Antamina $4.3B silver stream closing April 2026, Jervois $275M stream), management is positioning the company for sustained mid-to-high-double-digit revenue growth through 2030.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$311.79
$7.0B Rev × 20x P/S
Base case (2030)
$189.78
$7.0B Rev × 12x P/S
Bear case (2030)
$122.00
$7.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252027 (E)2028 (E)2029 (E)2030 (E)
Revenue$1.0B$1.3B$2.4B$4.7B$5.4B$6.2B$7.0B
Revenue growth—26.4%83.3%20.9%15.8%14.0%13.4%
EPS$1.17$1.47$3.03$6.10$6.95$7.80$8.65
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$122.00$149.12$162.67$189.78

Catalysts & risks

Growth catalysts
+ BHP Antamina silver stream closed April 1 2026 ($4.3B upfront payment) — adds major revenue stream from world's largest silver mine
+ Jervois Project gold/silver stream acquisition ($275M) commencing production H2 2027 — 50% of GEO growth target
+ Spot gold/silver prices at elevated levels (gold >$2000/oz) — improves streaming economics and cash generation
+ CEO guidance of 1.2M GEO by 2030 (50% growth from current ~800K) — clear 4-year production roadmap
Key risks
- Precious metals price volatility — streaming revenue highly correlated to gold/silver spot prices; downturn would compress margins
- Integration execution — large acquisitions (Antamina $4.3B, Jervois $275M) must deliver projected ounces on schedule
- Production delays at underlying mines — WPM's revenue depends entirely on partner mine performance; geopolitical/operational risks at Peru, Australia, other jurisdictions
- Valuation compression — current P/E 41.8x and P/S 26.3x reflect premium pricing; sentiment shift could cause multiple contraction despite strong fundamentals

Methodology

Wheaton Precious Metals Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.