UBS Reiterates Buy Rating on Wheaton Precious Metals
UBS analyst Daniel Major maintained a buy rating on Wheaton Precious Metals Corp., targeting $150, a 33.55% upside from the current price.
Key Points
- UBS reiterated its buy rating on Wheaton Precious Metals Corp. (WPM) with a price target of $150, according to analyst Daniel Major on June 30, 2026.
- UBS's $150 price target implies 33.55% upside from Wheaton Precious Metals Corp.'s ($WPM) current $112.32 share price.
- Shares of WPM traded near $110.93 on Tuesday, with a market cap of approximately $51.5 billion and a P/E ratio of 28.7.
- Capital World Investors increased its stake in WPM by 4.78 million shares, while Vanguard Capital Management opened a new position with 12.5 million shares.
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UBS analyst Daniel Major reiterated a buy rating on Wheaton Precious Metals Corp. (NYSE:WPM) on June 30, 2026. The firm set a price target of $150 for the stock. This reiteration comes as Wheaton continues to be a significant player in the precious metals streaming sector.
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Other Institutional Activity in Wheaton Precious Metals
Several institutional investors have adjusted their positions in Wheaton Precious Metals. Capital World Investors grew its holdings by 4.78 million shares, ending with 42.1 million shares worth about $5.51 billion, marking a 12.8% increase. Vanguard Capital Management LLC opened a new position, acquiring 12.5 million shares valued at approximately $1.64 billion. On the other hand, FMR LLC reduced its holdings by 1.39 million shares, resulting in 16.1 million shares worth $2.12 billion, a 7.9% decrease.
Wheaton Precious Metals Corp. Stock Down 26.7%
Shares of NYSE:WPM traded near $110.93 on Tuesday. Wheaton Precious Metals has a market cap of about $51.5 billion, a P/E ratio of 28.7, and a forward P/E of 20.1. The stock's 52-week range is between $85.59 and $165.76. Its 50-day moving average is $128.70, and its 200-day moving average is $123.94. The company boasts a strong financial position with a current ratio of 4.53 and a quick ratio of 4.53, alongside a low debt-to-equity ratio of 0.083.
$WPM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Wheaton Precious Metals reported revenues of approximately $2.75 billion, reflecting a growth rate of 91.6%. The company posted an EPS of $3.95, with a net margin of 65.55% and a return on equity of 21.54%. Investors are looking forward to the next earnings report scheduled for August 6, 2026.
Dividend
Wheaton Precious Metals offers an annual dividend rate of $0.78, yielding 0.69% with a payout ratio of 17.44%. This dividend provides a steady income stream for investors, reflecting the company's robust financial health.
Analysts Set New Price Targets
On June 30, 2026, UBS maintained its buy rating on Wheaton Precious Metals with a $150 price target. Previously, Scotiabank maintained a buy rating with a target of $180 on May 14, 2026. The consensus among analysts is a strong buy, with a mean price target of $177.11 based on nine analyst opinions.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. is a leading precious metal streaming company based in Vancouver, Canada. Founded in 2004, it explores and streams gold, silver, palladium, platinum, and cobalt across numerous countries, including Canada, the United States, and South Africa. Under the leadership of CEO Mr. Haytham Henry Hodaly, the company has grown significantly, operating in the basic materials sector and focusing primarily on gold.
Bottom Line
UBS's reiteration of a buy rating on Wheaton Precious Metals reflects confidence in the company's prospects within the precious metals industry. Investors closely watch such analyst updates as they provide insights into potential stock performance. As always, it's important to remember that these ratings are based on past data and may not reflect future conditions.
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