Wheaton Precious Metals (NYSE:WPM) Upgraded to Buy at UBS Group

UBS Group upgraded shares of Wheaton Precious Metals (NYSE:WPM) from a neutral rating to a buy rating in a research note published on Friday morning, Marketbeat Ratings reports. UBS Group currently has $160.00 target price on the stock.

A number of other analysts have also issued reports on WPM. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, February 4th. TD Cowen lifted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Wall Street Zen raised Wheaton Precious Metals from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Zacks Research downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $145.00 price target on shares of Wheaton Precious Metals in a research report on Sunday, December 7th. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.36.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $124.48 on Friday. Wheaton Precious Metals has a 1-year low of $68.03 and a 1-year high of $165.76. The firm has a market cap of $56.52 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50. The company has a 50-day moving average of $142.22 and a two-hundred day moving average of $120.98.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, March 12th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.31. Wheaton Precious Metals had a net margin of 63.58% and a return on equity of 17.17%. The business had revenue of $864.71 million for the quarter, compared to the consensus estimate of $719.59 million. During the same period in the previous year, the firm earned $0.44 EPS. The business’s revenue was up 127.3% on a year-over-year basis. Sell-side analysts anticipate that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.17. Wheaton Precious Metals’s payout ratio is presently 20.37%.

Institutional Investors Weigh In On Wheaton Precious Metals

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its holdings in Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after acquiring an additional 130 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the 3rd quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd increased its position in shares of Wheaton Precious Metals by 100.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after purchasing an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at $28,000. Finally, Navalign LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $30,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals News Summary

Here are the key news stories impacting Wheaton Precious Metals this week:

• Positive Sentiment: UBS upgraded WPM from “neutral” to “buy” and set a $160 price target (~28.5% upside vs. the current quote), signaling conviction from a major broker that the shares have meaningful upside. Article Title Article Title
• Positive Sentiment: Zacks Research increased several near-term and FY estimates for WPM (Q1/Q2/Q3 and FY2026/FY2028), and lifted FY2026 to $3.33 EPS from $3.25 — upgrades that improve the earnings outlook even though Zacks retains a “Hold” rating. (Source: MarketBeat summary of analyst notes) Article Title
• Positive Sentiment: Company fundamentals are supporting the outlook: WPM reported record operating cash flow (US$1.9B in 2025 vs US$1.03B in 2024), strong sales and net income for 2025, and the board approved an 18% increase in the quarterly dividend — concrete cash-generation and shareholder-return signals. Article Title
• Neutral Sentiment: Analyst commentary pieces from Zacks highlight WPM as a strong growth/quality name and question the sustainability of the free-cash-flow rally (key variables: production growth and gold prices). These are useful context items but mostly reinforce existing data rather than introduce new catalysts. Article Title

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.