Basic Materials · Gold
Price
$115.73
Market Cap
$52.6B
Employees
44
Beta
1.19
Avg Volume
2,166,232
CEO
Haytham Henry Hodaly
Business Description
Wheaton Precious Metals Corp. functions as a streaming enterprise, primarily engaged in the global distribution of valuable metals. Its offerings encompass deposits of gold, silver, palladium, and cobalt. The company maintains a substantial portfolio, holding stakes in 23 operational mines and an additional 13 development ventures. Founded in 2004, the firm's headquarters are located in Vancouver, Canada. It operated under the name Silver Wheaton Corp. until May 2017, when it rebranded to its current title.
Business History
Price Overview
Price at report time · Jul 4, 4:43am (0m ago)
$115.73
Change · Jul 4
+4.29 (+3.85%)
Day Range
$113.57 – $117.21
52-Week Range
$85.59 – $165.76
50-Day MA
$125.94
200-Day MA
$124.06
Volume
2,037,811.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$150.00
Consensus
$165.00
High
$180.00
(29 analysts)
Share Structure
Outstanding
454,125,000.00
Float
453,166,885.00
Free Float
99.8%
High free float
— 99.8% of shares trade freely, ~0.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
29.19
Stock Price: $115.73
EPS (Diluted): 3.30
EPS (Diluted): 3.30
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
6.15
Stock Price: $115.73
Total Equity: $8.67B
Shares: 454,685,000
Total Equity: $8.67B
Shares: 454,685,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
20.97
Market Cap: $52.56B
Total Debt: $573,953
Cash: $1.15B
EBITDA: $2.04B
Total Debt: $573,953
Cash: $1.15B
EBITDA: $2.04B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$52.2B
Market Cap: $52.56B
Total Debt: $573,953
Cash: $1.15B
Total Debt: $573,953
Cash: $1.15B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
72.2%
Gross Profit: $1.70B
Revenue: $2.36B
Revenue: $2.36B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
68.8%
Operating Income: $1.62B
Revenue: $2.36B
Revenue: $2.36B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
63.6%
Net Income: $1.50B
Revenue: $2.36B
Revenue: $2.36B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
21.3%
Net Income: $1.50B
Total Equity: $8.67B
Total Equity: $8.67B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
18.1%
Operating Income: $1.62B
Tax Rate: 13.3%
Equity: $8.67B
Total Debt: $573,953
Cash: $1.15B
Tax Rate: 13.3%
Equity: $8.67B
Total Debt: $573,953
Cash: $1.15B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
7.78
Current Assets: $1.20B
Current Liabilities: $154.41M
Current Liabilities: $154.41M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $573,953
Long-Term Debt: $0.00
Total Debt: $573,953
Total Equity: $8.67B
Long-Term Debt: $0.00
Total Debt: $573,953
Total Equity: $8.67B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$5.18
Revenue: $2.36B
Shares: 454,685,000
Shares: 454,685,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$19.08
Total Equity: $8.67B
Shares: 454,685,000
Shares: 454,685,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.26
Operating CF: $1.94B
CapEx: -$1.36B
Shares: 454,685,000
CapEx: -$1.36B
Shares: 454,685,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.6%
Last Dividend: N/A
Stock Price: $115.73
Stock Price: $115.73
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.50B
Net Income: $1.50B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WPM against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 4, 2026 4:43am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.0B | $1.3B | $2.4B |
| Cost of Revenue | $542.7M | $499.6M | $442.6M | $482.1M | $655.5M |
| Gross Profit | $658.9M | $565.5M | $573.4M | $802.6M | $1.7B |
| Operating Expenses | -$95.7M | $53.6M | $68.2M | $181.8M | $79.4M |
| Operating Income | $754.7M | $511.9M | $505.3M | $620.8M | $1.6B |
| Net Income | $754.9M | $669.1M | $537.6M | $529.1M | $1.5B |
| EBITDA | $1.0B | $903.3M | $755.2M | $892.9M | $2.0B |
| EPS | $1.66 | $1.42 | $1.19 | $1.17 | $3.30 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 4, 2026 4:43am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $226.0M | $696.1M | $546.5M | $818.2M | $1.2B |
| Total Current Assets | $249.7M | $720.1M | $567.4M | $828.1M | $1.2B |
| Total Assets | $6.3B | $6.8B | $7.0B | $7.4B | $9.2B |
| Current Liabilities | $29.7M | $30.7M | $26.1M | $29.5M | $154.4M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $46.0M | $42.2M | $45.7M | $165.1M | $478.8M |
| Total Equity | $6.3B | $6.7B | $7.0B | $7.3B | $8.7B |
| Retained Earnings | $2.5B | $2.9B | $3.2B | $3.5B | $4.7B |
Cash Flow (Annual)
Last updated: Jul 4, 2026 4:43am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $845.1M | $743.4M | $750.8M | $1.0B | $1.9B |
| Capital Expenditure | -$526.0M | -$153.4M | -$675.9M | -$658.3M | -$1.4B |
| Free Cash Flow | $319.2M | $590.0M | $74.9M | $369.3M | $573.6M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $33.4M | $470.0M | -$149.6M | $271.6M | $333.8M |
Analyst Estimates (Annual)
Last updated: Jul 4, 2026 4:43am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$4.4B $3.6B – $5.0B
|
$4.4B $4.3B – $4.5B
|
$4.1B $3.3B – $5.0B
|
$3.9B $3.2B – $4.8B
|
| EBITDA |
$3.5B $2.9B – $4.0B
|
$3.5B $3.4B – $3.6B
|
$3.2B $2.7B – $4.0B
|
$3.1B $2.6B – $3.9B
|
| Net Income |
$2.5B $1.8B – $3.5B
|
$2.4B $2.3B – $3.1B
|
$2.3B $1.8B – $3.1B
|
$2.4B $1.8B – $3.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 4, 2026 4:43am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -11.4% | -4.6% | +26.4% | +83.3% |
| Gross Profit Growth | -14.2% | +1.4% | +40.0% | +111.8% |
| Operating Income Growth | -32.2% | -1.3% | +22.9% | +161.0% |
| Net Income Growth | -11.4% | -19.6% | -1.6% | +183.0% |
| EBITDA Growth | -10.7% | -16.4% | +18.2% | +128.9% |
Dividend History (Last 20)
Last updated: Jul 4, 2026 4:43am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-27 | $0.20 | 2026-05-07 | 2026-05-27 | 2026-06-09 |
| 2026-03-31 | $0.20 | 2026-03-12 | 2026-03-31 | 2026-04-10 |
| 2025-11-20 | $0.17 | 2025-11-06 | 2025-11-20 | 2025-12-04 |
| 2025-08-21 | $0.17 | 2025-08-07 | 2025-08-21 | 2025-09-04 |
| 2025-05-28 | $0.17 | 2025-05-08 | 2025-05-28 | 2025-06-10 |
| 2025-04-01 | $0.17 | 2025-03-13 | 2025-04-01 | 2025-04-11 |
| 2024-11-21 | $0.16 | 2024-11-07 | 2024-11-21 | 2024-12-06 |
| 2024-08-21 | $0.16 | 2024-08-07 | 2024-08-21 | 2024-09-04 |
| 2024-05-29 | $0.16 | 2024-05-09 | 2024-05-29 | 2024-06-11 |
| 2024-04-02 | $0.16 | 2024-03-14 | 2024-04-03 | 2024-04-15 |
| 2023-11-27 | $0.15 | 2023-11-09 | 2023-11-28 | 2023-12-08 |
| 2023-08-24 | $0.15 | 2023-08-10 | 2023-08-25 | 2023-09-07 |
| 2023-05-18 | $0.15 | 2023-05-04 | 2023-05-19 | 2023-06-02 |
| 2023-03-23 | $0.15 | 2023-03-09 | 2023-03-24 | 2023-04-06 |
| 2022-11-18 | $0.15 | 2022-11-03 | 2022-11-21 | 2022-12-01 |
| 2022-08-25 | $0.15 | 2022-08-11 | 2022-08-26 | 2022-09-08 |
| 2022-05-19 | $0.15 | 2022-05-19 | 2022-05-20 | 2022-06-03 |
| 2022-03-23 | $0.15 | 2022-03-11 | 2022-03-24 | 2022-04-07 |
| 2021-11-19 | $0.15 | 2021-11-04 | 2021-11-22 | 2021-12-06 |
| 2021-08-26 | $0.15 | 2021-08-12 | 2021-08-27 | 2021-09-09 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for WPM — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.375 · 8810b4cb · 2026-07-03 16:26:33