Wheaton Precious Metals: Stock Forecast & Analysis

Wheaton Precious Metals: Stock Forecast & Analysis

Wheaton Precious Metals Corp. (WPM-T) (WPM)

Analyst Update

Raymond James has raised its target price on Wheaton Precious Metals to CAD $157 from $154, following the announcement of a financing agreement to support Carcetti Capital’s acquisition of the Hemlo gold mine from Barrick Mining. This move underscores Wheaton’s role as a premier streaming company with the financial flexibility to capitalize on high-quality, accretive transactions that expand its portfolio of precious metal streams and royalties. The financing deal is expected to enhance future cash flow visibility and strengthen Wheaton’s strategic positioning in the sector.

Stock Analysis

Technical Analysis – “Strong Buy”: Chart indicators point to robust bullish momentum, with the stock trading well above major moving averages and showing strong relative strength versus the broader gold mining index. The technical picture reinforces investor confidence and highlights continued demand for safe-haven and gold-leveraged assets.

Analyst Consensus Rating – “Buy”: The broader Street remains constructive on Wheaton, with analysts emphasizing its low-risk streaming model, diversified asset portfolio, and strong balance sheet. Wheaton’s business structure provides exposure to gold and silver price upside without direct operational mining risk, making it a favored pick in the sector.

Price Target – $148: The average 12 month target forecast of  WPM is CAD $148 per share. The price target reflects optimism around rising precious metals prices, disciplined capital deployment, and Wheaton’s ability to generate consistent free cash flow growth.

Outlook

The financing of Carcetti Capital’s Hemlo acquisition highlights Wheaton’s ongoing strategy of selectively partnering in transactions that secure long-term streaming benefits. Combined with a Strong Buy technical signal and a Street-wide Buy consensus, Wheaton is positioned as a compelling vehicle for investors seeking leveraged exposure to gold and silver price appreciation, while avoiding the operational risks typical of traditional miners. With the upside potential at $148 per share, the stock offers an attractive blend of growth, income stability, and defensive exposure in the current macroeconomic environment.

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