Wheaton Precious Metals (TSE:WPM) Upgraded to “Strong-Buy” at UBS Group

Wheaton Precious Metals (TSE:WPM) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a research note on Tuesday, February 10th. Royal Bank Of Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 target price on the stock in a research report on Wednesday, December 10th. TD Securities upped their target price on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. National Bank Financial increased their price target on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Finally, Canaccord Genuity Group raised their price target on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$197.86.

Wheaton Precious Metals Trading Up 4.7%

Shares of TSE:WPM opened at C$172.65 on Friday. The firm has a market capitalization of C$78.39 billion, a PE ratio of 53.34 and a beta of 1.08. Wheaton Precious Metals has a 1-year low of C$96.18 and a 1-year high of C$226.68. The business’s 50 day moving average is C$194.50 and its 200-day moving average is C$167.05.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Thursday, March 12th. The company reported C$1.68 EPS for the quarter. Wheaton Precious Metals had a return on equity of 18.53% and a net margin of 63.59%.The business had revenue of C$1.16 billion during the quarter. On average, sell-side analysts predict that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Key Wheaton Precious Metals News

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

• Positive Sentiment: UBS upgraded WPM to Buy, arguing that Wheaton’s low‑risk streaming model and diversified growth are underappreciated by the market — this upgrade likely boosted investor appetite today. UBS Upgrade Article
• Positive Sentiment: Zacks revised up multiple near‑term and fiscal EPS forecasts (Q2/Q3 2026, FY2026, FY2027 and FY2028), indicating analysts now expect stronger earnings — supports a higher valuation and helps justify buying interest. (Zacks / MarketBeat research notes)
• Neutral Sentiment: Coverage pieces are re‑examining WPM’s valuation after recent volatility; these analyses may keep trading active as investors reassess whether the premium P/E is warranted given growth expectations. Valuation Article
• Negative Sentiment: Berenberg cut its price target on Wheaton (to 13,000 GBp), a bearish signal that can cap upside and temper momentum coming from upgrades. Berenberg PT Cut
• Negative Sentiment: A recent article flagged Wheaton’s 2026 dividend increase and raised questions about sustainability — that could pressure sentiment if investors worry about payout coverage or capital allocation trade‑offs. Dividend Sustainability Article

Wheaton Precious Metals Company Profile

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.