Analysts Still See Potential In Wheaton Precious Metals (WPM) as Stock Skyrockets Over 129% In One Year

Core Viewpoint - Wheaton Precious Metals Corp. (NYSE:WPM) has shown significant growth, with a 129% increase over the past year, making it one of the top precious metal stocks to consider following recent geopolitical events [1]. Group 1: Analyst Ratings and Price Targets - 94% of analysts covering WPM rate the stock as a Buy, with a median price target of $132.50, suggesting a potential upside of 6.22% [1]. - Berenberg Bank raised its price target for WPM from $128 to $147 while maintaining a Buy rating [2]. - Jefferies analyst Fahad Tariq increased the price target from $137 to $138, also maintaining a Buy rating, citing a strong outlook for the metals and mining sector in 2026 [3]. Group 2: Company Overview and Market Position - Wheaton Precious Metals operates in Europe, Africa, North America, and South America, primarily producing gold and exploring for silver, palladium, platinum, and cobalt [4]. - Analysts expect gold companies, including Wheaton, to increase margins and generate higher free cash flow (FCF) in 2026 compared to 2025, driven by elevated gold prices [4].