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

Wheaton Precious Metals (NYSE:WPM) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage presently has a $160.00 price objective on the stock. UBS Group’s price target suggests a potential upside of 28.54% from the stock’s current price.

Several other brokerages have also commented on WPM. Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and set a $145.00 target price on shares of Wheaton Precious Metals in a research report on Sunday, December 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. Finally, Wall Street Zen raised Wheaton Precious Metals from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.36.

Wheaton Precious Metals Stock Up 4.6%

Shares of WPM opened at $124.48 on Friday. The company has a market capitalization of $56.52 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50. Wheaton Precious Metals has a 52-week low of $68.03 and a 52-week high of $165.76. The stock has a 50 day moving average price of $142.22 and a 200 day moving average price of $121.10.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.22 earnings per share for the quarter, topping 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 company had revenue of $864.71 million for the quarter, compared to analysts’ expectations of $719.59 million. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 127.3% on a year-over-year basis. On average, equities analysts anticipate that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Wheaton Precious Metals by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock worth $2,242,969,000 after buying an additional 289,939 shares during the last quarter. Van ECK Associates Corp raised its stake in Wheaton Precious Metals by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock valued at $1,700,517,000 after acquiring an additional 1,402,092 shares during the last quarter. Capital International Investors raised its stake in Wheaton Precious Metals by 1.2% during the 4th quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock valued at $892,650,000 after acquiring an additional 93,599 shares during the last quarter. Norges Bank acquired a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $864,977,000. Finally, TD Asset Management Inc lifted its position in Wheaton Precious Metals by 0.5% during the 4th quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock worth $857,598,000 after acquiring an additional 33,221 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals News Roundup

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.