Wheaton Precious Metals Corp. (NYSE:WPM) is a prominent player in the precious metals sector, primarily focusing on the acquisition and management of precious metal streams. The company operates by purchasing a portion of the future production from various mining companies, providing them with upfront capital. This business model allows Wheaton to benefit from the production of gold, silver, and other metals without the risks associated with mining operations.
On January 26, 2026, Scotiabank set a new price target of $175 for WPM, which was trading at $153 at the time. This target suggests a potential increase of 14.38% from the current price. The stock is currently priced at $152.45, reflecting a 4.3% increase or $6.29. Today, it has fluctuated between $150.63 and $154.70, marking its highest price over the past year.
WPM has received a consensus "Buy" recommendation from eight research firms, as highlighted by Marketbeat.com. Among these, one analyst recommends holding, five suggest buying, and two advocate a strong buy. The average twelve-month price target is C$134.43. Canaccord Genuity Group recently raised their price objective from C$144.00 to C$172.00, while Peel Hunt increased theirs from C$162.00 to C$165.00.
The Royal Bank Of Canada upgraded WPM from a "hold" to a "moderate buy," setting a price objective of C$130.00. WPM's market capitalization stands at approximately $69.2 billion, with a trading volume of 2,292,655 shares on the NYSE. The stock's lowest price in the past year was $58.31, indicating significant growth potential.
