Wheaton Precious Metals Corp.
Wheaton Precious Metals Corp. is a precious metals streaming company that secures a portion of future production from mining partners in exchange for upfront financing and ongoing payments. The company focuses on gold, silver, palladium, platinum, and cobalt streams, giving it exposure to multiple metals while avoiding the direct operating costs and risks of running mines. Its portfolio includes interests in operating mines and development projects across North America, South America, Europe, and Africa, supporting a broad supply base for industrial, monetary, and jewelry-related metals. Wheaton Precious Metals Corp. plays a significant role in the mining finance market by providing capital to producers and, in return, gaining access to long-life metal production assets.
$132.17
+$0.94 (+0.72%)
EOD Oct 21, 2026
Margins and capital returns are both well above average: 68.33% operating margin, ROIC at 17.17%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 80.2% YoY with margins expanding 11.5pp.
At 29x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
29.3x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$3.17B
▲ +80.2% YoY
Net Income (TTM)
$2.05B
▲ +178.1% YoY
Op. Margin
72.62%
▲ +11.5pp YoY
ROIC
17.17%
▲ +8.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2.92B
▲ +52.6% YoY
Op. Cash Flow (TTM)
$2.54B
▲ +108.7% YoY
Net Debt
-$1.15B
Net Cash Position
Cash & Equiv.
$1.15B
3Y CAGR: +29.5%
3Y CAGR: -1.5%
Continue Research
Is Wheaton Precious Metals (WPM) overvalued?
At a P/E of 29.3, Wheaton Precious Metals (WPM)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Wheaton Precious Metals scores 60/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.3%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Wheaton Precious Metals a high-quality business?+
Wheaton Precious Metals scores 60 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 72.6% operating margin and a 17.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Wheaton Precious Metals (WPM) pay a dividend, and how much?+
Yes, Wheaton Precious Metals pays a regular dividend of about $0.39 per share per year (typically in quarterly installments), a yield of roughly 0.3% at the current price. That is a payout ratio of about 8.7% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For WPM's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Wheaton Precious Metals a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh WPM's valuation and scores 60/100 on quality (solid). It also yields about 0.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Gold
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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