Should You Buy, Sell or Hold WPM Stock Before Q4 Earnings Release?

Core Viewpoint - Wheaton Precious Metals Corp. (WPM) is expected to report strong fourth-quarter 2025 results, with significant year-over-year improvements in both sales and earnings driven by higher production and prices of gold and silver [1][19]. Financial Performance - Fourth-quarter sales are estimated at $649 million, reflecting a 70.5% increase from the same quarter last year [1]. - Earnings per share (EPS) is projected at 93 cents, indicating a remarkable year-over-year growth of 111.4% [2]. - Earnings estimates have increased by 4.5% over the past 60 days [2]. Production and Operational Highlights - WPM produced 692,000 gold equivalent ounces (GEOs) in 2025, exceeding its guidance of 600,000-670,000 GEOs due to strong mine performance [4][8]. - Gold production reached 416,286 ounces, a 9.7% year-over-year increase, while silver production rose to 22 million ounces from 16 million ounces in 2024 [9]. - The company anticipates production to grow by 50% to 1.2 million GEOs by 2030, supported by both operating and development assets [4][16]. Market Context - Gold prices remained near record highs during the October-December period, bolstered by uncertainties in U.S. trade policies and strong demand from central banks [10]. - WPM's stock has surged 112.3% over the past year, outperforming the industry growth of 52.5% and the S&P 500's return of 24.6% [11]. Valuation Metrics - WPM is currently trading at a forward price-to-earnings ratio of 35.24, which is significantly higher than the industry average of 14.28 [13]. - Comparatively, peers like SSR Mining and Hudbay Minerals are trading at lower valuations of 8.01 and 13.39, respectively [15]. Growth Prospects - The company is focused on expanding its production capabilities through various projects, including Antamina, Aljustrel, and Marmato, as well as development projects like Blackwater and Mineral Park [16][17]. - WPM continues to enhance its asset portfolio by adding streams that contribute to both immediate and long-term production growth [17].