Core Insights - Wheaton Precious Metals Corp. published its 2024 Sustainability Report and Climate Change Report, emphasizing its commitment to integrating ESG considerations into its operations and decision-making processes [1][2] Sustainability Report Highlights - The 2024 Sustainability Report provides a comprehensive review of Wheaton's performance in environmental, social, and governance (ESG) topics, including updates on its ESG strategy, targets, and commitments [3] - The report indicates that 100% of new streaming agreements in 2024 were screened for ESG issues and risks [7] - Wheaton has contributed over $53 million globally since 2009 through its Community Investment Programs, with more than $8.5 million allocated to charitable causes in 2024 [7] Climate Change Report Highlights - The 2024 Climate Change Report outlines how Wheaton is addressing climate change risks and opportunities, as well as potential climate-related impacts [4] - The company refreshed its climate scenario analysis to support ongoing assessment and management of climate risks [7] - A gap analysis was completed against the International Sustainability Standards Board's S2 standard, leading to updates in the Climate Change Report [7] Standards and Recognition - Wheaton's reports are informed by GRI Standards and SASB Asset Management, and Metals and Mining Standard, as well as the IFRS S2 Climate-Related Disclosures Standard [5] - The company has received top ratings in ESG from various agencies, including Sustainalytics and MSCI, and is recognized among Corporate Knights' most sustainable corporations [7] Governance and Diversity - 50% of Wheaton's board members represent diverse backgrounds, including women and visible minorities [7] - 86% of 2023 Scope 3 financed emissions are covered by emissions reduction targets aligned with a 2°C or less scenario [7]

Core Viewpoint - Wheaton Precious Metals (WPM) stock is considered appealing yet unpredictable due to its high valuation, making it a challenging investment choice at the current price of approximately $76 [1][11]. Valuation Comparison - WPM stock has a price-to-sales (P/S) ratio of 30.5, significantly higher than the S&P 500's 2.8 [3] - The price-to-free cash flow (P/FCF) ratio for WPM is 39.1 compared to 17.6 for the S&P 500 [3] - WPM's price-to-earnings (P/E) ratio stands at 56.0, while the S&P 500's is 24.5 [3] Revenue Growth - WPM's revenues have grown at an average rate of 2.0% over the last three years, compared to 6.2% for the S&P 500 [4] - Revenues increased by 29.7% from $1.0 billion to $1.3 billion in the last 12 months, contrasting with a 5.3% growth for the S&P 500 [4] - Quarterly revenues rose by 38.1% to $381 million from $313 million a year prior, while the S&P 500 saw a 4.9% improvement [4] Profitability Metrics - WPM's operating income over the last four quarters reached $669 million, reflecting an operating margin of 55.0%, compared to 13.1% for the S&P 500 [5] - The operating cash flow (OCF) during this period was $950 million, indicating an OCF margin of 78.1%, compared to 15.7% for the S&P 500 [5] - WPM's net income was $609 million, suggesting a net income margin of 50.1%, while the S&P 500's margin is 11.3% [5] Financial Stability - WPM's debt stood at $5.7 million at the end of the most recent quarter, with a market capitalization of $36 billion, resulting in a debt-to-equity ratio of 0.0% compared to 21.5% for the S&P 500 [8] - Cash and cash equivalents account for $818 million of the total assets of $7.4 billion, leading to a cash-to-assets ratio of 9.4%, compared to 15.0% for the S&P 500 [8] Downturn Resilience - WPM stock has shown more resilience than the S&P 500 during recent downturns, with a notable decline of 43.8% during the inflation shock of 2022, compared to a 25.4% drop for the S&P 500 [10] - The stock fully rebounded to its pre-crisis peak by April 2023 and reached a high of $85.77 in May 2025 [10] - During the COVID pandemic, WPM stock fell 28.7%, recovering fully by April 2020, while the S&P 500 experienced a 33.9% decline [10] Overall Performance Assessment - WPM's performance across various parameters is rated as follows: Growth - Very Strong, Profitability - Extremely Strong, Financial Stability - Very Strong, Downturn Resilience - Strong, Overall - Very Strong [13]

Core Insights - Wheaton Precious Metals Corp. (WPM) reported adjusted earnings per share of 55 cents for Q1 2025, exceeding the Zacks Consensus Estimate of 50 cents, marking a year-over-year improvement of 53.2% [1] - The company generated revenues of $470 million in Q1 2025, reflecting a 58.5% increase year-over-year, driven by a 16.2% rise in Gold Equivalent Ounces (GEOs) sold [2] - Average realized gold price was $2,872 per ounce, up 38.6% year-over-year, while silver prices increased by 36% to $32.33 per ounce [2] Revenue and Production - Wheaton's gold production for Q1 2025 was 92,681 ounces, slightly up from 91,939 ounces in the prior-year quarter, but attributable silver production decreased by 13.7% to 4.73 million ounces [3] - The total production of GEOs was 151,065, down 4.4% from 158,072 GEOs in the previous year [3] Financial Performance - Total cost of sales increased by 20.8% year-over-year to approximately $151 million, while gross profit rose by 86% to $319 million, resulting in a gross margin of 67.8% compared to 57.8% in the prior-year quarter [4] - Average cash costs were $446 per GEO, up from $433 in the previous year, with cash operating margin increasing by 45% year-over-year to $2,400 per GEO sold [5] Balance Sheet and Cash Flow - At the end of Q1 2025, Wheaton had $1.08 billion in cash, up from $0.8 billion at the end of 2024, with operating cash flow reported at $361 million compared to $219 million in Q1 2024 [6] - The company has a $2 billion undrawn revolving credit facility [6] Future Outlook - For 2025, gold production is expected to be between 350,000 and 390,000 ounces, while silver production is projected to be between 20.5 million and 22.5 million ounces [7] Market Performance - WPM shares have increased by 46.1% over the past year, contrasting with a 6.4% decline in the industry [8] Peer Comparison - Royal Gold, Inc. reported an adjusted EPS of $1.51 for Q1 2025, a 66% year-over-year increase, while Kinross Gold Corporation posted adjusted earnings of 30 cents per share, missing the Zacks Consensus Estimate [11] - B2Gold Corp reported adjusted EPS of 9 cents for Q1 2025, beating estimates and showing a 50% year-over-year improvement [12]

Core Points - Wheaton Precious Metals Corp. held its 2025 Annual and Special Meeting of Shareholders where nominees for the Board of Directors were elected [1][3] - The company announced the passing of long-serving director Peter Gillin, who will be remembered for his contributions [2] - Shareholders approved a non-binding advisory resolution on executive compensation with 94.94% votes in favor [3] Board of Directors Election Results - George L. Brack received 320,198,848 votes (97.83% for) with 7,090,095 votes withheld (2.17% withheld) [3] - Jaimie Donovan received 323,374,043 votes (98.80% for) with 3,914,900 votes withheld (1.20% withheld) [3] - Chantal Gosselin received 312,988,404 votes (95.63% for) with 14,300,539 votes withheld (4.37% withheld) [3] - Jeane Hull received 322,832,980 votes (98.64% for) with 4,455,963 votes withheld (1.36% withheld) [3] - Glenn Ives received 326,462,793 votes (99.75% for) with 826,150 votes withheld (0.25% withheld) [3] - Charles A. Jeannes received 321,612,216 votes (98.27% for) with 5,676,727 votes withheld (1.73% withheld) [3] - Marilyn Schonberner received 324,225,349 votes (99.06% for) with 3,063,594 votes withheld (0.94% withheld) [3] - Randy V.J. Smallwood received 326,818,313 votes (99.86% for) with 470,630 votes withheld (0.14% withheld) [3] - Srinivasan Venkatakrishnan received 324,453,056 votes (99.13% for) with 2,835,887 votes withheld (0.87% withheld) [3]

Core Viewpoint - Growth investors are increasingly focused on identifying stocks with above-average financial growth, which can lead to solid returns, but finding such stocks is challenging due to their inherent risks and volatility [1] Group 1: Company Overview - Wheaton Precious Metals Corp. (WPM) is highlighted as a recommended growth stock due to its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 7.8%, but projected EPS growth for this year is expected to be 45.9%, surpassing the industry average of 44.7% [5] Group 2: Financial Metrics - Cash flow growth is crucial for growth-oriented companies, and Wheaton Precious Metals currently has a year-over-year cash flow growth of 18.6%, significantly higher than the industry average of -4.1% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 11.7%, compared to the industry average of 4.8% [7] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Wheaton Precious Metals, with the Zacks Consensus Estimate for the current year increasing by 9.9% over the past month [8] - The company has earned a Growth Score of B and holds a Zacks Rank 2 due to these positive earnings estimate revisions, positioning it well for potential outperformance [10]

Core Insights - Wheaton Precious Metals Corp. reported a revenue of $470.41 million for Q1 2025, marking a year-over-year increase of 58.5% and exceeding the Zacks Consensus Estimate by 13.36% [1] - The earnings per share (EPS) for the same quarter was $0.55, up from $0.36 a year ago, representing a surprise of 10.00% over the consensus estimate of $0.50 [1] Financial Performance Metrics - Units sold for silver were 4,483 ounces, surpassing the average estimate of 4,355.46 ounces from 12 analysts [4] - Gold production from Sudbury was 4.89 ounces, below the estimated 6.52 ounces, while production from Salobo was 71.38 ounces, exceeding the estimate of 62.04 ounces [4] - Gold production from Constancia was 4.88 ounces, below the average estimate of 8.71 ounces [4] - Silver sales reached $144.94 million, exceeding the estimate of $136.26 million and reflecting a 50% increase year-over-year [4] - Gold sales amounted to $319.70 million, surpassing the average estimate of $274.21 million, with a year-over-year increase of 67.7% [4] - Sales of palladium were $2.37 million, below the estimate of $2.58 million, representing a year-over-year decline of 49.3% [4] - Cobalt sales were $3.41 million, below the estimated $4.59 million, reflecting a year-over-year decrease of 28.8% [4] Stock Performance - Wheaton Precious Metals shares have returned 13.8% over the past month, outperforming the Zacks S&P 500 composite's 11.3% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Insights - Wheaton Precious Metals Corp. reported quarterly earnings of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, and showing an increase from $0.36 per share a year ago, representing a 10% earnings surprise [1] - The company achieved revenues of $470.41 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 13.36%, compared to $296.81 million in the same quarter last year [2] - Wheaton Precious Metals shares have increased approximately 51% since the beginning of the year, contrasting with a -4.3% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $406.12 million, and for the current fiscal year, it is $2.06 on revenues of $1.71 billion [7] - The estimate revisions trend for Wheaton Precious Metals is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Mining - Miscellaneous industry, to which Wheaton Precious Metals belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, HudBay Minerals, is expected to report a quarterly earnings decline of -31.3% and revenues of $521.22 million, down 0.7% from the previous year [9][10]

Core Viewpoint - Wheaton Precious Metals Corp. announced the passing of founding board member Peter Gillin, who significantly contributed to the company's growth and success over his two-decade tenure on the Board of Directors [1][2][3]. Company Contributions and Leadership - Peter Gillin had over 40 years of experience in the mining and financial sectors, serving as a dedicated board member for more than 20 years [2]. - He held key positions including former Chair of the Compensation Committee and was a member of the Governance and Sustainability and Audit Committees, where his leadership was vital for Wheaton's development [2]. - The company plans to honor Mr. Gillin's legacy by increasing its contribution to the Heart and Stroke Foundation of Canada [3]. Company Overview - Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, boasting a high-quality portfolio of long-life, low-cost assets [4]. - The company's business model provides investors with leverage to commodity prices and exploration upside while maintaining a lower risk profile compared to traditional mining companies [4]. - Wheaton achieves some of the highest cash operating margins in the mining industry, enabling it to pay competitive dividends and pursue growth through accretive acquisitions [4].

Group 1: Investment Strategy - The importance of a disciplined, rule-based investment strategy is emphasized, which helps investors avoid emotional decision-making [1][2] - The Zacks Rank system is highlighted as a mechanical strategy that has consistently outperformed the market, particularly through analyzing earnings estimate revisions [3][11] Group 2: Company Overview - Wheaton Precious Metals (WPM) is identified as a leading precious metals streaming company with interests in 23 operating mines and 13 development projects [5] - The company has consistently exceeded earnings estimates over the past eight quarters, achieving a trailing four-quarter average earnings surprise of 9.5% [6][11] Group 3: Earnings Performance - WPM's stock has returned 57.5% over the past year and is up more than 45% in 2025, despite a market correction [6] - Analysts have raised WPM's second-quarter earnings estimates by 16.28%, with the Zacks Consensus Estimate now at $0.50 per share, indicating a potential growth of 38.9% year-over-year [10] Group 4: Earnings Surprise Prediction - The Zacks Earnings ESP model aims to identify companies with positive earnings estimate revisions, which can predict future performance [8] - WPM holds a Zacks Rank 2 (Buy) and has a +1.4% Earnings ESP, suggesting a potential earnings beat in the upcoming Q2 report [9]

Core Viewpoint - Wheaton Precious Metals (WPM) is expected to report strong first-quarter 2025 results, with significant growth in sales and earnings compared to the previous year, driven by higher gold and silver prices despite lower sales volumes [1][4][12]. Financial Performance - The Zacks Consensus Estimate for WPM's first-quarter sales is $414.98 million, reflecting a 39.8% increase from the prior-year quarter [1]. - The consensus estimate for earnings is 50 cents per share, indicating a year-over-year growth of 39% [1]. - Earnings estimates have increased by 16.3% over the past 60 days [1]. Production and Sales Outlook - WPM projects an attributable production of 600,000-670,000 gold equivalent ounces (GEOs) for 2025, representing a 10% year-over-year increase [4]. - The first-quarter production is estimated at 155,606 GEOs, accounting for 24% of the yearly total, which indicates a 2% decline year-over-year [5]. - Gold production is projected at 92,438 ounces, a slight increase of 0.5% year-over-year [6]. - Silver production is expected to be 4.46 million ounces, with a realized price of approximately $30.95 per ounce, a 30% increase year-over-year [11]. Price Performance - WPM's stock has increased by 22.6% over the past three months, outperforming the industry, which has seen a 2% decline [13].