4.85%
13.57%
-2.63%
12.09%
43.92%
78.38%
139.07%
AI Spotlight on WPM
Company Description
Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally.The company sells gold, silver, palladium, and cobalt deposits.It has a portfolio of interests in the 23 operating mines and 13 development projects.
The company was formerly known as Silver Wheaton Corp.and changed its name to Wheaton Precious Metals Corp.in May 2017.
Wheaton Precious Metals Corp.was founded in 2004 and is headquartered in Vancouver, Canada.
Market Data
| Last Price | 91.42 |
| Change Percentage | 4.85% |
| Open | 88.83 |
| Previous Close | 87.19 |
| Market Cap ( Millions) | 41474 |
| Volume | 698363 |
| Year High | 94.84 |
| Year Low | 52.15 |
| M A 50 | 85.04 |
| M A 200 | 81.24 |
Financial Ratios
| FCF Yield | -0.19% |
| Dividend Yield | 0.98% |
| ROE | 8.57% |
| Debt / Equity | 0.08% |
| Net Debt / EBIDTA | -73.44% |
| Price To Book | 3.94 |
| Price Earnings Ratio | 46.98 |
| Price To FCF | -532.02 |
| Price To sales | 23.38 |
| EV / EBITDA | 29.81 |
News
- Jan -22 - Wheaton Precious Metals Recognized by Corporate Knights as one of the 2025 Global 100β―Most Sustainable Corporations
- Jan -09 - Wheaton Precious Metals Announces Chief Financial Officer Transition
- Dec -19 - Allied Gold Receives First Construction Payment From Wheaton Precious Metals For Kurmuk
- Dec -16 - Why Wheaton Precious Metals (WPM) Is One of the Most Promising Gold Stocks According to Hedge Funds?
- Dec -12 - Why Wheaton Precious Metals (WPM) Is Among the Most Profitable Gold Stocks to Buy Now
- Dec -06 - Wheaton Precious Metals Maintains Outperform Rating, $105 Price Target at National Bank of Canada
- Dec -06 - WPM Expands Portfolio With Gold Stream Acquisition of Kurmuk Project
- Dec -06 - Allied Gold signs $175m gold streaming deal with Wheaton on Kurmuk mine
- Dec -06 - MT Newswires Stocks To Watch: Athabasca Oil; Wheaton Precious Metals Buying Gold Stream from Allied Gold's Kurmuk Project
- Nov -21 - UBS Picks 2 Gold Stocks With Double-Digit Upside Potential
- Nov -20 - Wheaton Precious Metals Corp. (WPM): A Top Silver Mining Stock to Buy Right Now
- Nov -15 - Silvercorp Metals Providing "Positive" El Domo Legal Update and Announcing Repayment of Wheaton Early Deposit; Involves Salazar Resources
- Nov -12 - First Eagle Investment Bolsters Stake in Becton Dickinson & Co in Q3 2024
- Nov -10 - Wheaton Precious Metals (TSX:WPM) Declares USD 0.155 Q4 Dividend Amid Strong Financial Performance
- Nov -09 - Wheaton Precious Metals Third Quarter 2024 Earnings: Revenues Disappoint
- Nov -09 - Wheaton Precious Metals Corp (WPM) Q3 2024 Earnings Call Highlights: Record Cash Flows and ...
- Nov -08 - Wheaton Precious Q3 Earnings Meet Estimates, Rise Y/Y on Higher Prices
- Nov -08 - Wheaton Precious Metals (WPM) Reports Q3 Earnings: What Key Metrics Have to Say
- Nov -07 - Wheaton Precious Metals Corp. (WPM) Matches Q3 Earnings Estimates
- Nov -07 - Wheaton Precious Metals Announces Third Quarter 2024 Results and Record Quarterly Operating Cash Flow
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Gold - Salobo
Expected Growth : 4 %
What the company do ?
Gold - Salobo is a gold stream from Wheaton Precious Metals Corp., providing a percentage of gold production from the Salobo mine in Brazil.
Why we expect these perspectives ?
The 4% growth of Gold - Salobo from Wheaton Precious Metals Corp. is driven by increasing gold prices, rising production volumes, and improved operating efficiencies. Additionally, the mine's long-life reserve and low-cost profile contribute to its growth potential, while Wheaton's streaming agreement provides a stable source of revenue.
Segment nΒ°2 -> Silver - Penasquito
Expected Growth : 3 %
What the company do ?
Silver-Penasquito is a silver stream from Wheaton Precious Metals Corp., providing a percentage of silver production from the Penasquito mine in Mexico.
Why we expect these perspectives ?
Silver production growth at Penasquito, driven by increased ore grades and milling rates, is expected to reach 3%. This growth is underpinned by Wheaton Precious Metals Corp.'s strong operational performance, favorable mining conditions, and ongoing investments in exploration and development.
Segment nΒ°3 -> Silver - Other
Expected Growth : 2 %
What the company do ?
Silver - Other from Wheaton Precious Metals Corp. refers to the revenue generated from the sale of silver as a by-product of their mining operations.
Why we expect these perspectives ?
Wheaton Precious Metals Corp.'s 2% growth in Silver - Other segment is driven by increasing silver prices, rising demand from industrial applications, and growing adoption in renewable energy technologies. Additionally, the company's diversified portfolio of silver streams and royalties, as well as its cost-effective business model, contribute to its steady growth.
Segment nΒ°4 -> Gold - Constancia
Expected Growth : 5 %
What the company do ?
Gold - Constancia is a copper-gold mine in Peru, owned by Wheaton Precious Metals Corp., producing gold and copper concentrates.
Why we expect these perspectives ?
Constancia's 5% growth driven by increasing gold production, rising gold prices, and Wheaton's streaming agreement, which provides a fixed cash cost of $450 per ounce, ensuring a stable revenue stream. Additionally, the mine's long-life reserve and low-cost operation support sustainable growth.
Segment nΒ°5 -> Silver - Antamina
Expected Growth : 3 %
What the company do ?
The Silver - Antamina segment from Wheaton Precious Metals Corp. refers to a silver stream agreement with Antamina, a copper-zinc mine in Peru, providing Wheaton with a percentage of silver production.
Why we expect these perspectives ?
The 3% growth of Silver - Antamina from Wheaton Precious Metals Corp. is driven by increasing silver prices, rising copper production, and a strong operational performance at the Antamina mine. Additionally, Wheaton's streaming agreement provides a stable source of revenue, while the mine's long-life and low-cost profile supports sustainable production.
Segment nΒ°6 -> Gold - San Dimas
Expected Growth : 4 %
What the company do ?
Gold - San Dimas is a gold-silver underground mine in Mexico, operated by Wheaton Precious Metals Corp., producing gold and silver dorΓ©.
Why we expect these perspectives ?
San Dimas' 4% growth is driven by increasing gold prices, Wheaton's strong operational performance, and a favorable Mexican peso exchange rate. Additionally, the mine's high-grade ore and low cash costs contribute to its profitability, while Wheaton's streaming agreement provides a stable revenue stream.
Segment nΒ°7 -> Silver - Constancia
Expected Growth : 3 %
What the company do ?
Silver-Constancia is a silver-lead-zinc mine in Peru, acquired by Wheaton Precious Metals Corp. in 2016, providing a steady stream of silver production.
Why we expect these perspectives ?
The 3% growth of Silver - Constancia from Wheaton Precious Metals Corp. is driven by increasing silver prices, rising production volumes, and improved ore grades. Additionally, Wheaton's streaming agreement provides a stable revenue stream, while the mine's low operating costs and long mine life support its profitability.
Segment nΒ°8 -> Gold - Sudbury
Expected Growth : 4 %
What the company do ?
Gold - Sudbury is a gold stream from the Sudbury mines in Ontario, Canada, operated by Vale and Glencore, and acquired by Wheaton Precious Metals Corp.
Why we expect these perspectives ?
The 4% growth in Gold - Sudbury from Wheaton Precious Metals Corp. is driven by increasing gold prices, improved mining efficiency, and enhanced ore grades. Additionally, the company's focus on cost reduction and strategic investments in exploration and development contribute to the segment's growth.
Segment nΒ°9 -> Palladium - Stillwater
Expected Growth : 5 %
What the company do ?
Palladium-Stillwater is a mine operated by Sibanye-Stillwater, with Wheaton Precious Metals Corp. holding a stream on palladium production, generating revenue.
Why we expect these perspectives ?
Palladium - Stillwater's 5% growth is driven by increasing demand for catalytic converters in the automotive industry, coupled with supply constraints and rising production costs. Additionally, Wheaton Precious Metals Corp.'s streaming agreement provides a stable source of revenue, while the mine's expansion projects and exploration activities are expected to boost output.
Segment nΒ°10 -> Gold - Stillwater
Expected Growth : 4 %
What the company do ?
Gold - Stillwater is a gold mine in Montana, USA, operated by Sibanye-Stillwater and streamed by Wheaton Precious Metals Corp.
Why we expect these perspectives ?
Stillwater's 4% growth in gold production is driven by increasing ore grades, improved mill recoveries, and higher throughput. Additionally, Wheaton's streaming agreement provides a stable source of revenue, while the mine's long-life reserves and low-cost operations ensure sustainable production. Furthermore, exploration upside and potential mine life extensions support future growth.
Segment nΒ°11 -> Cobalt - Voisey's Bay
Expected Growth : 3 %
What the company do ?
Cobalt-Voisey's Bay is a nickel-copper-cobalt mine in Labrador, Canada, operated by Vale and streamed by Wheaton Precious Metals Corp.
Why we expect these perspectives ?
Cobalt - Voisey's Bay from Wheaton Precious Metals Corp. growth driven by increasing demand for electric vehicle batteries, rising cobalt prices, and Wheaton's strong operational performance. Additionally, Voisey's Bay's long mine life and low cash costs provide a solid foundation for sustained growth.
Segment nΒ°12 -> Gold - Other
Expected Growth : 4 %
What the company do ?
Gold - Other from Wheaton Precious Metals Corp. refers to the revenue generated from the sale of gold, excluding gold from San Dimas and Sudbury, to other parties.
Why we expect these perspectives ?
Wheaton Precious Metals Corp.'s 4% growth in Gold - Other segment is driven by increasing gold prices, rising production from existing streams, and new stream agreements. Additionally, the company's diversified portfolio of low-cost, long-life assets and strong operating cash flows support its growth. Furthermore, Wheaton's disciplined approach to capital allocation and focus on returns-driven growth also contribute to its segment growth.
Wheaton Precious Metals Corp. Products
| Product Range | What is it ? |
|---|---|
| Gold Streaming | Wheaton Precious Metals Corp. provides upfront capital to mining companies in exchange for the right to purchase a percentage of their gold production at a fixed price. |
| Silver Streaming | Similar to gold streaming, Wheaton provides capital to mining companies in exchange for the right to purchase a percentage of their silver production at a fixed price. |
| Precious Metal Royalties | Wheaton acquires royalties on existing mines, providing a percentage of the mine's production to Wheaton without incurring the costs of operating the mine. |
| Early Deposit Pre-Payment | Wheaton provides upfront capital to mining companies in exchange for the right to purchase a percentage of their future production at a fixed price. |
Wheaton Precious Metals Corp.'s Porter Forces
Threat Of Substitutes
Wheaton Precious Metals Corp. operates in the mining industry, which has limited substitutes. The company's products, such as gold, silver, and palladium, are essential for various industrial and consumer applications, making substitutes scarce.
Bargaining Power Of Customers
Wheaton Precious Metals Corp. sells its products to a diverse range of customers, including jewelry manufacturers, industrial companies, and investors. While customers have some bargaining power, the company's diversified customer base and long-term contracts mitigate this risk.
Bargaining Power Of Suppliers
Wheaton Precious Metals Corp. relies on a limited number of mining operators to supply it with precious metals. This concentration of suppliers gives them significant bargaining power, which can impact the company's costs and profitability.
Threat Of New Entrants
The mining industry has significant barriers to entry, including high capital costs, regulatory hurdles, and environmental concerns. These barriers make it difficult for new entrants to challenge established players like Wheaton Precious Metals Corp.
Intensity Of Rivalry
The mining industry is competitive, with several established players vying for market share. However, Wheaton Precious Metals Corp.'s diversified portfolio of streams and royalties, as well as its long-term contracts, help to mitigate the intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 0.09% |
| Debt Cost | 3.95% |
| Equity Weight | 99.91% |
| Equity Cost | 7.09% |
| WACC | 7.09% |
| Leverage | 0.09% |
Wheaton Precious Metals Corp. : Quality Control
Wheaton Precious Metals Corp. passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| LUG.TO | Lundin Gold Inc. operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 β¦ |
| LYB | LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins β¦ |
| ABX.TO | Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, β¦ |
| AEM.TO | Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company β¦ |
| NEM | Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
Lundin Gold
A-Score
1-Year Total Return ->
π₯
LyondellBasell
A-Score
1-Year Total Return ->
π₯
Agnico Eagle Mines
A-Score
1-Year Total Return ->
4
Wheaton
A-Score
1-Year Total Return ->
5
Barrick Gold
A-Score
1-Year Total Return ->
6
