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WPM
Wheaton Precious Metals Corp.
NYSE· Basic Materials· Gold· CUSIP 962879102
$123.53-6.54%Price as of Oct 23, 00:45 UTC · updated once a day, after the close
At a glance
Wheaton Precious Metals Corp. (WPM) is listed on NYSE and classified in Gold, part of the Basic Materials sector. It is headquartered in Vancouver, Canada. The company is worth $56.1B and trades at 27.4x its earnings of the last twelve months; the median for its sector is 19.1x. Revenue was $2.31B in fiscal 2025, up 80.2% from the year before. Net income was $1.47B. The share price is 25.5% below its 52-week high of $165.76. It pays a dividend yielding 0.63%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $56.78M. In that quarter, 2 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $56.1B
- P/E
- 27.4x
- Forward P/E
- 25.1x
- P/B
- 5.8x
- Dividend yield
- 0.63%
- Payout
- 17.29%
- EPS
- $4.51
- ROE
- 23.55%
- Profit margin
- 64.66%
- Revenue growth
- +84.70%
- Beta
- 1.24
- 52-week high
- $165.76
- 52-week low
- $92.57
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Price over time
▲ +221.2% over 5Y.
today you would have $3,495.69▲ +249.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $117.52 | $56.24 | $49.34 | $39.08 | |
| P/E | 39.0x | 36.3x | 48.3x | 41.6x | 26.4x |
| P/S | 20.9x | 23.1x | 19.9x | 22.0x | 16.6x |
| P/B | 3.4x | 6.1x | 3.5x | 3.2x | 2.6x |
| EPS | $3.24 | $1.17 | $1.19 |
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$46.53
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$115.60
Earnings growing 25.0% a year plus a 0.6% dividend yield. Growth capped at 25%.
Earnings
$86.20
Median P/E of 19.1 among peers in the sector.
Earnings
$175.68
Median P/E of 39.0 across this company’s own years on record.
Cash flow
$44.97
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$45.57
Sector median of 9.8x operating profit, less net debt. Banks have no EBITDA.
Dividends
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Others in the same sector
Companies of similar size in Basic Materials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CRHCRH Public Ltd Co | $86.43 | 15.2x | 2.4x | 1.80% | 15.81% | $57.5B |
| NUENucor Corp | $258.06 | 20.6x | 2.6x | 0.87% | 14.55% | $58.55B |
| VALEVale S.A. | $12.20 | 25.4x | 1.3x | 6.89% | 4.12% | $51.92B |
| BBarrick Mining Corp | $38.65 |
About the company
- Vancouver, Canada