Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 24th, 2026

Bank of New York Mellon Corp cut its position in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,226 shares of the company’s stock after selling 13,171 shares during the quarter. Bank of New York Mellon Corp owned 0.10% of Wheaton Precious Metals worth $60,032,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in Wheaton Precious Metals by 144.4% during the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 130 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Wheaton Precious Metals by 100.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after acquiring an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $28,000. Navalign LLC bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $30,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth $32,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes A number of analysts recently weighed in on WPM shares. Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Scotiabank decreased their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. BMO Capital Markets began coverage on Wheaton Precious Metals in a research note on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.09.

Check Out Our Latest Report on WPM

Wheaton Precious Metals Price Performance WPM stock opened at $110.02 on Friday. The company’s 50-day moving average is $117.88 and its 200-day moving average is $131.79. The stock has a market capitalization of $49.96 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.01 and a beta of 0.55. Wheaton Precious Metals Corp. has a 1 year low of $90.39 and a 1 year high of $165.76.

Wheaton Precious Metals (NYSE:WPM – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 91.7% on a year-over-year basis. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 4.73 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio is 19.70%.

Key Stories Impacting Wheaton Precious Metals Here are the key news stories impacting Wheaton Precious Metals this week:

Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Wheaton Precious Metals to $4.71 from $4.65, signaling slightly better near-term earnings expectations. Positive Sentiment: The firm also increased FY2027 EPS estimates to $5.13 from $4.88, which may encourage investors looking for improving longer-term profitability. Positive Sentiment: Quarterly estimates were also lifted for Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q3 2026, Q4 2026, and Q2 2028, reinforcing a broadly improved earnings outlook for WPM. Neutral Sentiment: The consensus estimate for the current full-year earnings remains at $4.73 per share, so the revisions are positive but still close to broader market expectations. Wheaton Precious Metals Company Profile (Free Report)

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.

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Posted by Defense World Staff on Jul 22nd, 2026

Andra AP fonden trimmed its stake in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 9.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,914 shares of the company’s stock after selling 6,986 shares during the quarter. Andra AP fonden’s holdings in Wheaton Precious Metals were worth $9,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in WPM. Vanguard Group Inc. grew its position in shares of Wheaton Precious Metals by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock valued at $2,242,969,000 after purchasing an additional 289,939 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Wheaton Precious Metals by 10.7% during the fourth quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock worth $1,700,517,000 after acquiring an additional 1,402,092 shares during the last quarter. Capital International Investors boosted its stake in shares of Wheaton Precious Metals by 1.2% in the 4th quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock valued at $892,650,000 after purchasing an additional 93,599 shares during the last quarter. Norges Bank bought a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at about $864,977,000. Finally, TD Asset Management Inc lifted its holdings in Wheaton Precious Metals by 0.5% during the fourth quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock worth $857,598,000 after acquiring an additional 33,221 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance Shares of NYSE:WPM opened at $109.87 on Wednesday. The business has a fifty day moving average price of $119.08 and a two-hundred day moving average price of $131.89. Wheaton Precious Metals Corp. has a 1 year low of $90.39 and a 1 year high of $165.76. The company has a market capitalization of $49.90 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.87 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.24 by $0.04. The business had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.Wheaton Precious Metals’s revenue for the quarter was up 91.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 4.73 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 19.70%.

Analyst Upgrades and Downgrades Several equities research analysts have commented on the company. Royal Bank Of Canada cut their target price on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Bank of America cut their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank lowered their price objective on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Finally, BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research note on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $161.09.

Get Our Latest Stock Report on Wheaton Precious Metals

About Wheaton Precious Metals (Free Report)

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.

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Investors interested in stocks from the Mining - Miscellaneous sector have probably already heard of Teck Resources Ltd (TECK) and Wheaton Precious Metals Corp. (WPM). But which of these two stocks is more attractive to value investors?

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Wheaton Precious Metals Corp. (WPM - Free Report) , which belongs to the Zacks Mining - Miscellaneous industry.

When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 21.24%, on average, in the last two quarters.

For the last reported quarter, Wheaton Precious Metals came out with earnings of $1.28 per share versus the Zacks Consensus Estimate of $1.15 per share, representing a surprise of 11.30%. For the previous quarter, the company was expected to post earnings of $0.93 per share and it actually produced earnings of $1.22 per share, delivering a surprise of 31.18%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for Wheaton Precious Metals lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Wheaton Precious Metals currently has an Earnings ESP of +1.04%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on August 6, 2026.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Wheaton Precious Metals (WPM 2.91%) was hardly a golden stock in June. Although the company operates under something of an offbeat business model in the precious metals mining industry, it's nevertheless subject to movements in the prices of such goods. Which, to put it mildly, were generally decreasing that month. This dampened enthusiasm for Wheaton's equity, and it fell by nearly 14%.

All that glittered Every investor nurses a secret hope that a rally in their chosen asset or asset class will last forever. For a few months late in 2025 and early this year, it seemed that might just be the case with gold, silver, and other valuable minerals.

Image source: Getty Images.

Alas, no. The war between the U.S. and Iran rocked the global economy, not least by sharply driving up prices for fertilizer inputs and crude oil. That put inflationary pressure on the global economy, and here in the U.S., speculation grew that the Federal Reserve (Fed) would raise interest rates to tame inflation.

By and large, higher interest rates mean higher payouts on interest-bearing assets, making them that much more attractive to investors. Investible materials like gold, silver, and other precious metals yield no income, so their popularity tends to decline.

Wheaton has been a precious metals play favored by folks who like its differentiated and (to my mind, anyway) creative business strategy. The company owns no mines of its own, as per the standard and tradition of the mining industry. Rather, under the "streaming model," which has gained traction in recent years, the company buys a percentage of the goods mined by third-party operators.

Wheaton says on its web portal that the No. 1 benefit to its strategy "is cost predictability, which translates into direct leverage to potential increases in precious metal prices."

"Wheaton's ongoing operating costs are set at the time a stream is entered into at a predetermined delivery payment, allowing Wheaton to deliver among the highest cash operating margins in the mining industry," it added.

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The trend sure isn't a friend While that's an innovative approach, it doesn't eliminate the risk of exposure to falling prices. Although Wheaton's June swoon was less dramatic than those of other precious metals companies (such as Hycroft Mining, which lost more that 29% of its value over the month), it was still a prime target for a tumble.

The major takeaway here, then, is that no matter how such a company approaches its business, prices matter, at times above nearly every other factor. Looking at the current geopolitical situation and, more narrowly, at the persistence of inflation in this country (and therefore the potential for rate hikes), I don't see those prices recovering substantially anytime soon. So I'd avoid Wheaton stock these days.

The iShares MSCI Global Silver and Metals Miners ETF (SLVP +3.95%) offers lower holding costs and a higher trailing payout, while the Global X - Silver Miners ETF (SIL +3.76%) provides deeper liquidity through its larger asset base.

Investors looking for exposure to the silver mining industry often choose between these two primary funds. While both ETFs focus on global miners, differences in their expense structures, trading volume, and specific stock concentrations can significantly impact the long-term results for a portfolio dedicated to precious metals.

Snapshot (cost & size)MetricSLVPSILIssueriSharesGlobal XShare price$30.83 (as of 2026-06-30)$77.46 (as of 2026-06-30)Expense ratio0.39%0.65%1-yr return (as of 2026-06-30)73.1%60.90%Dividend yield2.30%1.30%Beta0.880.83AUM$822.8 million$4.2 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.

Performance & risk comparisonMetricSLVPSILMax drawdown (5 yr)(48.50%)(50.20%)Growth of $1,000 over 5 years (total return)$2,007$1,814The Global X - Silver Miners ETF seeks to track the Solactive Global Silver Miners Total Return Index, covering the full lifecycle of silver production. Its portfolio is concentrated 100% in the basic materials sector and holds 40 positions. Its largest holdings include Wheaton Precious Metals (WPM +3.85%) at 21.97%, Pan American Silver (PAAS +4.28%) at 12.42%, and Coeur Mining (CDE +4.59%) at 11.05%. The fund was launched in 2010. Global X - Silver Miners ETF has paid $1.02 per share over the trailing 12 months, which on its recent ~$77.46 share price works out to a 1.30% yield.

The iShares MSCI Global Silver and Metals Miners ETF provides exposure to a global index of companies primarily involved in silver and other metal exploration. Entirely focused on basic materials, the fund holds 37 stocks in its portfolio. Its largest positions include Hecla Mining (HL +4.75%) at 13.54%, Indust Penoles at 10.95%, and First Majestic Silver at 10.27%. The fund was launched in 2012. iShares MSCI Global Silver and Metals Miners ETF has paid $0.70 per share over the trailing 12 months, which on its recent ~$30.83 share price works out to a 2.30% yield.

For more guidance on ETF investing, check out the full guide at this link.

Which fund is the better buy?In comparing the two, the iShares fund’s much lower expense ratio appears to give it an advantage over its Global X rival, whose expense ratio is 26 basis points higher.

NYSEMKT: SLVPiShares - iShares Msci Global Silver And Metals Miners ETF

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However, the comparison between the two metals ETFs actually goes beyond that one factor. Over the most recent five-year period, the iShares fund outperformed the Global X, even when considering the 130 additional basis points a Global X shareholder would have paid over that time.

Moreover, the iShares fund appears to be more diversified. Its top three holdings account for just under 35% of the total, compared to more than 45% in the Global X Funds’ top three. Unfortunately, the slightly lower returns indicate this approach has not paid off for the company.

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Finally, iShares funds’ 2.3% dividend yield is around 100 basis points higher than Global X’s payout. Admittedly, this was not always the case over the last five years, but the iShares benefited from a rising yield over the last year.

Thus, investors who choose the iShares fund appear to earn higher returns at a lower cost.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Wheaton Precious Metals Corp. (WPM - Free Report) Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and cobalt.

WPM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. WPM has a Growth Style Score of A, forecasting year-over-year earnings growth of 64.7% for the current fiscal year.

Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.11 to $4.99 per share. WPM also boasts an average earnings surprise of +14.1%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, WPM should be on investors' short list.

, /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that it has again been named to Corporate Knights' 2026 Best 50 Corporate Citizens in Canada (the "Best 50"), ranking 13th overall.  

"We are proud to once again be recognized by Corporate Knights as one of Canada's best corporate citizens," said Haytham Hodaly, President and Chief Executive Officer of Wheaton. "This consistent recognition reflects our commitment to disciplined capital allocation and partnering with mine operators who prioritize responsible business practices."

The Best 50 is one of Canada's most established sustainability benchmarks, assessing more than 350 large companies using a transparent, data-driven methodology focused on the share and growth of revenues tied to sustainable activities. Wheaton's inclusion reflects the quality of its portfolio, its strong organic growth profile, and its approach to partnering with leading operators, underpinned by a broader commitment to conducting business responsibly and sustainably.

Earlier this year, Wheaton was also recognized among Corporate Knights' 2026 global 100 most sustainable corporations in the world.

To learn more about Wheaton's sustainability approach and commitments, please visit:  www.wheatonpm.com/Sustainability.              

About Wheaton Precious Metals Corp.
Wheaton Precious Metals is the world's premier precious metals streaming company, providing shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world. Through strategic streaming agreements, Wheaton partners with mining companies to secure a portion of their future precious metals production. Committed to responsible mining practices, Wheaton employs due diligence practices with a goal of unlocking long-term value for shareholders while supporting the broader mining industry to deliver the commodities society needs through access to capital. Wheaton's shares are listed on the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM.

Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to innovative mining technology, the potential success of that technology, and its ability to be commercialized, ESG and climate change strategy, targets and commitments and climate scenario analysis by Wheaton and at mineral stream interests currently owned by Wheaton (the "Mining Operations"). Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including (without limitation) risks related to the ability to identify innovative mining technology, the potential success of that technology and the ability to commercialize that technology, risks related to the ability to achieve ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations and other risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form for the year ended December 31, 2025 and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2025, both available on SEDAR+ and in Wheaton's Form 6-K filed March 12, 2026, all available on EDGAR (the "Disclosure"). Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that Wheaton will be able to identify innovative mining technology, ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations will be achieved, there will be no material adverse change in the market price of commodities, that estimations of future production from the Mining Operations and mineral reserves and resources are accurate, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements, and such other assumptions and factors as set out in the Disclosure

SOURCE Wheaton Precious Metals Corp.

On June 15, 2026, Wheaton Precious Metals Corp WPM shares rose 6.8% today, bringing the current price to $123.94. The stock has seen a 52-week range between $85.59 and $165.76, indicating significant volatility over the past year.

GF Value™ verdict: Current price of $123.94 is 24.9% below the GF Value™ estimate of $165.10.GF Score™ of 85/100 (Strong) suggests the stock has favorable characteristics for long-term investment.No insider transactions have occurred in the last 3 months, indicating a lack of recent insider activity. Is WPM Overvalued or Undervalued? Wheaton Precious Metals Corp's current stock price of $123.94 is significantly below the GF Value™ estimate of $165.10, suggesting that the stock is undervalued by approximately 24.9%. This margin of safety provides a potential opportunity for investors, as the GF Valuation label is categorized as "Modestly Undervalued." In the context of valuation, this suggests that the market may not fully recognize the intrinsic value of WPM at its current price.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. While the undervaluation presents an opportunity, investors should consider market conditions, company performance, and other external factors that may affect the stock's future performance.

How Does WPM's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 31.3x 36.4x Forward P/E 23.5x - WPM's current P/E (TTM) of 31.3x is notably lower than its 5-year median P/E of 36.4x, indicating that the stock is trading at a discount compared to its historical valuation. The forward P/E of 23.5x provides further evidence of potential value, supporting the GF Value™ verdict of being undervalued. Thus, the P/E analysis aligns with the GF Value™ assessment, indicating that investors may find an attractive entry point at the current price.

What Does WPM's GF Score™ Tell Us? Metric Rating GF Score™ 85 Financial Strength 10/10 Profitability 9/10 Growth 10/10 Valuation 8/10 Momentum 1/10 The GF Score™ of 85/100 reflects a strong overall performance across various metrics. The highest ratings are in Financial Strength and Growth, both at 10/10, indicating robust financial health and solid growth prospects. However, the Momentum rank of 1/10 suggests a weaker short-term price performance, which may be a concern for investors focused on immediate returns. Overall, the strong financial and growth scores highlight the potential for long-term value in WPM.

What Are Insiders Doing with WPM Stock? There have been no insider transactions in the last 3 months for Wheaton Precious Metals Corp. This lack of insider buying or selling suggests that insiders may currently be holding their shares, which can indicate confidence in the company's future performance or a lack of perceived value in selling at the current price.

What This Means for Investors Based on the GF Value™ estimate and current price, Wheaton Precious Metals Corp WPM appears to be undervalued. With a significant margin of safety and strong GF Score™, the stock presents an interesting opportunity for long-term investors. However, potential risks associated with market conditions and momentum should be monitored closely.

For the complete analysis, visit the Wheaton Precious Metals Corp WPM stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is WPM's GF Score™?

WPM's GF Score™ is 85/100, indicating strong potential for long-term returns based on the company's financial health, profitability, growth, valuation, and momentum.

Is WPM overvalued or undervalued?

WPM is currently undervalued, with a GF Value™ estimate of $165.10 compared to the current price of $123.94, suggesting a 24.9% upside potential.

What is WPM's P/E ratio?

The current P/E (TTM) for WPM is 31.3x, which is 14% below its 5-year median of 36.4x, indicating that the stock is trading at a discount compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Wheaton Precious Metals Corp. (WPM - Free Report) reported $901.47 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 91.6%. EPS of $1.28 for the same period compares to $0.55 a year ago.

The reported revenue represents a surprise of +13.44% over the Zacks Consensus Estimate of $794.66 million. With the consensus EPS estimate being $1.15, the EPS surprise was +11.2%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Wheaton Precious Metals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Units Produced - GEOs produced: 211.95 Oz versus the four-analyst average estimate of 198.74 Oz.Average Realized Price Per Unit - Silver: $84.5 per ounce versus $66 per ounce estimated by four analysts on average.Average Realized Price Per Unit - Gold: $4849 per ounce versus $4407.5 per ounce estimated by four analysts on average.Units Sold - Silver: 5,049.00 Oz compared to the 5,046.47 Oz average estimate based on three analysts.Sales- Silver: $426.77 million versus the eight-analyst average estimate of $276.12 million. The reported number represents a year-over-year change of +194.5%.Sales- Gold: $461.04 million versus $415.52 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +44.2% change.Sales- Cobalt: $8.75 million versus the eight-analyst average estimate of $11.82 million. The reported number represents a year-over-year change of +157%.Sales- Palladium: $4.91 million versus the eight-analyst average estimate of $3.96 million. The reported number represents a year-over-year change of +107%.Sales- Gold- Stillwater: $6.75 million compared to the $6.34 million average estimate based on seven analysts. The reported number represents a change of +20.7% year over year.Sales- Silver- Antamina: $127.01 million compared to the $76.23 million average estimate based on seven analysts. The reported number represents a change of +348.6% year over year.Sales- Silver- Constancia: $56.94 million versus $30.92 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +143.6% change.Sales- Gold- Constancia: $52.73 million versus the seven-analyst average estimate of $19.52 million. The reported number represents a year-over-year change of +87.5%.View all Key Company Metrics for Wheaton Precious Metals here>>>

Shares of Wheaton Precious Metals have returned -4% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

, /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") announces that the nominees listed below were elected to the Board of Directors at the 2026 Annual and Special Meeting of Shareholders. Detailed results of the vote for the Board of Directors of the Company are shown below.

As part of the previously announced leadership transition, Randy V.J. Smallwood has assumed the role of non-executive Chair of the Board, Haytham Hodaly has become a Director and George L. Brack has assumed the role of Lead Independent Director.

Detailed results of the vote for the Board of Directors of the Company are shown below.

2026 Annual and Special Meeting of Shareholders Voting Results

Nominee

Votes For

% For

Votes Withheld

% Withheld

George L. Brack

333,711,486

97.13 %

9,848,246

2.87 %

Jaimie Donovan

339,995,576

98.96 %

3,564,156

1.04 %

Chantal Gosselin

324,705,766

94.51 %

18,853,966

5.49 %

Haytham Hodaly

342,885,572

99.80 %

674,160

0.20 %

Jeane Hull

339,900,004

98.93 %

3,659,728

1.07 %

Glenn Ives

343,067,103

99.86 %

492,629

0.14 %

Charles A. Jeannes

338,028,776

98.39 %

5,530,956

1.61 %

Marilyn Schonberner

339,912,698

98.94 %

3,647,034

1.06 %

Randy V.J. Smallwood

332,281,297

96.72 %

11,278,435

3.28 %

Srinivasan Venkatakrishnan

336,269,112

97.88 %

7,290,620

2.12 %

The following matters were also approved by shareholders at the 2026 Annual and Special Meeting of Shareholders:

the non-binding advisory resolution accepting the Company's approach to executive compensation was carried with 95.16% of the votes cast in favour of such resolution. SOURCE Wheaton Precious Metals Corp.

On May 11, 2026, Wheaton Precious Metals Corp WPM shares rose 3.6% to $143.80. Over the past week, the stock has experienced a significant increase of 15.8%, despite a slight decline of 0.7% in the past month. Year-to-date, shares are up 22.6% and have soared 68.8% over the last year, with a 52-week high of $165.76 and a low of $75.42.

GF Value™ verdict: Current price of $143.80 is 8.4% below the GF Value™ estimate of $157.00, indicating it is undervalued.GF Score™ of 93/100 suggests a strong overall performance and potential for long-term returns.Financial strength is rated at 10/10, indicating a robust financial position with low risk of financial distress. Is WPM Overvalued or Undervalued? The current price of Wheaton Precious Metals Corp WPM at $143.80 is positioned 8.4% below the GF Value™ estimate of $157.00, highlighting a potential undervaluation. This margin of safety may present an opportunity for investors, as the stock is assessed as fairly valued according to the GF Valuation label. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

Being undervalued suggests that WPM could be seen as a bargain given its intrinsic value, but investors should remain cautious about market volatility and external economic factors that may impact stock performance in the future. The strong financial metrics and positive growth indicators offer a favorable outlook, yet the caveat remains that market conditions can change rapidly.

How Does WPM's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 36.3x 36.4x Forward P/E 27.9x - WPM's current P/E (TTM) of 36.3x is nearly identical to its 5-year median P/E of 36.4x, indicating the stock is trading at a similar valuation level compared to its historical average. Additionally, the lower forward P/E of 27.9x suggests that earnings growth expectations may be favorable. This P/E analysis aligns with the GF Value™ verdict of undervaluation, as the current trading multiples indicate potential upside relative to intrinsic value.

What Does WPM's GF Score™ Tell Us? Metric Rating GF Score™ 93 Financial Strength 10/10 Profitability 9/10 Growth 10/10 Valuation 10/10 Momentum 3/10 The GF Score™ of 93/100 indicates a strong overall performance across key metrics, particularly in Financial Strength, Growth, and Valuation, which are rated 10/10. This suggests that WPM is well-positioned for future success. However, the momentum score of 3/10 reflects a weaker performance in recent price movement, which could indicate volatility or an adjustment phase after significant gains. Overall, the high scores in financial health and growth potential position WPM favorably for long-term investors.

What Are Insiders Doing with WPM Stock? In the past three months, there have been no insider transactions reported for Wheaton Precious Metals Corp WPM . This lack of activity may suggest that insiders are content with the current state of the company or are awaiting more favorable market conditions to make moves. The absence of insider buying or selling can also indicate a stable outlook from those closest to the company.

What This Means for Investors Based on the GF Value™ assessment, Wheaton Precious Metals Corp WPM appears to be undervalued at the current price of $143.80. This presents a potential opportunity for investors, but they should remain vigilant regarding market dynamics that could influence stock performance.

For the complete analysis, visit the Wheaton Precious Metals Corp WPM stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is WPM's GF Score™?

WPM's GF Score™ is 93/100, indicating a strong overall performance that suggests potential for higher long-term returns.

Is WPM overvalued or undervalued?

WPM is currently undervalued, with a GF Value™ estimate indicating a potential upside of 8.4% from the current price.

What is WPM's P/E ratio?

WPM has a P/E (TTM) of 36.3x, which is consistent with its 5-year median P/E of 36.4x, suggesting the stock is trading at a historical valuation level.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Wheaton Precious Metals delivered a standout Q1, with revenue up 91.6% and margins expanding sharply on robust gold and silver prices. The BHP Antamina silver deal boosts WPM's production share to 67.5%, adding $1.0–1.1 billion in high-margin annual revenue and supporting long-term cash flow. Despite a 12% share price pullback, WPM's premium valuation is justified by superior growth, profitability, and minimal debt; I rate it Buy with a $159 target (10.5% upside).

3 Contrarian "Buy the Dip" Picks—and One Area to AvoidWheaton Precious Metals NYSE: WPM reported a record first quarter of 2026, with management citing stronger-than-expected contributions from Salobo and Penasquito, higher commodity prices and continued progress on a series of growth transactions.

President and Chief Executive Officer Haytham Hodaly, speaking on his first quarterly conference call in the role, said the company delivered “record quarterly revenue, earnings, and cash flow” while continuing to expand its streaming and royalty portfolio. Hodaly highlighted the recently completed Antamina silver stream with BHP as the largest transaction in Wheaton’s history and the largest precious metal streaming transaction ever completed.

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Silver Hits $95—These 3 Miners Could Outrun the Metal“Antamina is one of the world's premier base metal operations with a long track record of strong performance, significant exploration potential, and a demonstrated ability to replace reserves and extend mine life,” Hodaly said.

Production Rises as Salobo and Penasquito Outperform Vice President of Mining Operations Wes Carson said Wheaton produced 212,000 gold equivalent ounces, or GEOs, in the quarter, up 22% from the prior year. The increase was driven primarily by stronger performance at Salobo and Penasquito.

Gold, Silver, and Copper Are Surging—Here Are 3 Smart Ways to Play ItSalobo generated 69,000 ounces of attributable gold production, down about 3% year over year due to lower grades, partly offset by higher throughput and recoveries. Carson said Vale Base Metals continues to advance coarse particle flotation as a key near-term growth initiative at Salobo, supporting a planned expansion of Salobo III from 12 million tonnes per year to 18 million tonnes per year and targeting total throughput of 42 million tonnes per year by 2029.

During the question-and-answer session, Carson said Wheaton does not expect changes to its 2026 Salobo outlook as a result of the longer-term upgrades. Hodaly added that Wheaton does not have additional capital requirements tied to the Salobo expansion work.

Antamina produced 1.6 million ounces of attributable silver in the first quarter, up approximately 48% from the prior year due to higher grades and improved recoveries. Carson said attributable production is expected to increase significantly beginning in the second quarter, reflecting the addition of the BHP stream, which became effective April 1.

Penasquito produced 2.6 million ounces of attributable silver, a 46% year-over-year increase, supported by higher grades and improved recoveries. Management said production from Penasquito is expected to be lower in the second quarter because of reduced grades and lower throughput related to plant maintenance.

Blackwater produced 129,000 ounces of attributable silver and 5,000 ounces of attributable gold. Carson said Blackwater experienced a seven-day unplanned mill shutdown during the quarter due to a ball mill gearbox failure.

Record Revenue, Earnings and Cash Flow Chief Financial Officer Vincent Lau said sales volumes totaled 182,000 GEOs, down 3% from the prior year because of an increase in produced but not yet delivered, or PBND, ounces. The PBND balance stood at approximately 184,000 GEOs at quarter-end, representing 2.8 months of payable production.

Lau said Wheaton expects PBND levels to remain between 2.5 months and 3.5 months for the rest of 2026, with the upper end reflecting possible impacts from ramp-up activity at new mines.

Revenue rose 92% year over year to a record $901 million, driven primarily by a 98% increase in the average realized gold equivalent price. Gold accounted for 51% of revenue, silver accounted for 47%, and the remainder came from palladium and cobalt.

Net earnings increased 129% to a record $582 million, while adjusted net earnings rose 132% to a record $583 million. Operating cash flow climbed 112% from the prior year to a record $766 million.

Wheaton ended the quarter with $2.2 billion in cash. Lau said the company also monetized part of its long-term investment portfolio, generating $323 million in proceeds and a $150 million gain, and used the capital to help fund the Antamina BHP stream.

Antamina Financing Moves Wheaton Into Net Debt Position Following quarter-end, Wheaton funded a $4.3 billion upfront payment to BHP for 33.75% of the silver produced at Antamina. Lau said the payment was funded through cash on hand, a draw on the company’s previously undrawn $2 billion revolving credit facility and a new $1.5 billion term loan.

After the payment, Wheaton moved into a pro forma net debt position of $2.1 billion. Lau said that level represented a leverage ratio of about 0.7 times based on annualized first-quarter 2026 EBITDA.

In response to an analyst question, Lau said the debt service cost on the bank loan and revolving credit facility would be about a 5% interest rate. He also said the second quarter will include several large cash outflows, including the Antamina payment, two dividends and an approximately $150 million global minimum tax payment, with more material debt repayment expected after the second quarter.

New Deals Add Australia Stream and British Columbia Royalty Vice President of Corporate Development Neil Burns said Wheaton entered into a definitive agreement with KGL Resources for a portion of gold and silver production from the Jervois project in Australia. The deal represents Wheaton’s first streaming transaction in Australia.

Under the agreement, Wheaton will purchase 75% of payable gold and silver until 45,000 ounces of gold and 4.3 million ounces of silver have been delivered. The stream then drops to 37.5% until an additional 15,000 ounces of gold and 1.7 million ounces of silver have been delivered, and then to 25% for the remaining life of mine. Wheaton will make ongoing payments equal to 20% of the spot price for delivered gold and silver ounces.

Burns said the Jervois project is fully permitted and positioned to begin construction imminently. He also described the asset as underexplored, with multiple deposits and targets along a 12-kilometer strike length.

Wheaton also entered into a definitive agreement with Spanish Mountain Gold to acquire a 1.5% net smelter return royalty on the Spanish Mountain project in British Columbia for $55 million in staged payments. Hodaly said in the Q&A session that Wheaton still prefers streams over royalties, but the Spanish Mountain royalty includes a right of first refusal on future stream financing.

Guidance Maintained, Deal Pipeline Remains Active Wheaton maintained its 2026 production guidance of 860,000 to 940,000 GEOs. Carson said production is expected to be weighted to the second half of the year, with about 45% in the first half and 55% in the second half. Drivers include mine sequencing at Salobo and Penasquito, the start of the Antamina BHP contract in the second quarter and ramp-up activity at newly operating assets.

Management reiterated its expectation that annual attributable production will grow by approximately 50% to 1.2 million GEOs by 2030, with production from 2031 through 2035 forecast to average about 1.2 million GEOs annually.

In discussing the transaction pipeline, Burns said Wheaton continues to see a robust set of opportunities, with the mix around 70% gold opportunities and 20% to 30% silver. He said many potential deals are in the $200 million to $500 million range, with a few possibly approaching $1 billion.

Hodaly said the Antamina transaction was unusual in scale and that he does not expect another $4 billion deal “around the corner.” However, he said BHP’s use of streaming could help validate the model for other diversified miners considering ways to unlock value or reduce leverage.

Hodaly closed the call by saying Wheaton’s strategy remains focused on disciplined growth through “high quality, low risk, long life, accretive precious metal streams” while using strong cash flow to pursue new opportunities and repay debt.

About Wheaton Precious Metals NYSE: WPMWheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company's activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Wheaton Precious Metals Right Now?Before you consider Wheaton Precious Metals, you'll want to hear this.

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While Wheaton Precious Metals currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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, /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce the publication of its 2025 Sustainability Report.  

"Sustainability considerations are embedded in our decision-making process and integral to how Wheaton evaluates opportunities, manages risk, and builds resilience," said Haytham Hodaly, President & Chief Executive Officer of Wheaton Precious Metals. "Our 2025 Sustainability Report reflects the results of an updated materiality assessment and includes Wheaton's progress across key performance metrics, program updates, and insights from our global portfolio of high-quality assets. From disciplined capital allocation to our support for local communities and innovation, strong sustainability practices enhance our ability to create long-term value for shareholders, mining partners, and host communities."

Wheaton's 2025 Sustainability Report

Wheaton's 2025 Sustainability Report provides a comprehensive overview of the company's sustainability performance, including progress against its strategy, targets, and commitments. The report outlines how sustainability considerations are managed and integrated across the organization. In 2025, Wheaton completed a refreshed double materiality assessment to identify and prioritize the sustainability topics most relevant to its business and stakeholders, considering both societal and environmental impacts and related financial risks and opportunities, which directly informed the report's disclosures.

Highlights include:

Recognized among Corporate Knights' Global 100 Most Sustainable Corporations and Canada's Best 50 Corporate Citizens. Delivered consistent top-tier ESG performance, maintaining an MSCI AAA rating, ISS ESG Prime status, and leading Sustainalytics rankings. Advanced innovation in sustainable mining through the Future of Mining Challenge, supporting technologies that reduce environmental impact and strengthen industry practices, which has awarded two companies to date with $1 million to advance their technologies. Continued to scale a peer-leading and growing community investment program, contributing $9.4 million in 2025 across more than 150 initiatives. Since inception, Wheaton has contributed over $62 million towards social and environmental programs. 71% of 2024 Scope 3 financed emissions covered by absolute emissions reductions targets aligned to 2°C or less. 95% of 2025 attributable production from operations committed to the Global Industry Standard on Tailings Management. Maintained strong oversight of sustainability performance across Wheaton's high-quality asset portfolio, actively monitoring key social and environmental indicators.  Standards

Wheaton's Sustainability Report is informed by the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB) Asset Management and Metals and Mining Standards, and the Task Force on Climate-related Financial Disclosures (TCFD) framework.

About Wheaton Precious Metals Corp.

Wheaton Precious Metals is the world's premier precious metals streaming company, providing shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world. Through strategic streaming agreements, Wheaton partners with mining companies to secure a portion of their future precious metals production. Committed to responsible mining practices, Wheaton employs industry-leading due diligence practices with a goal of unlocking long-term value for shareholders while supporting the broader mining industry to deliver the commodities society needs through access to capital. Wheaton's shares are listed on the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM. Learn more about Wheaton Precious Metals at www.wheatonpm.com or follow us on social media.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to sustainability and climate change strategy, targets and commitments and climate scenario analysis by Wheaton and at mineral stream interests currently owned by Wheaton (the "Mining Operations"). Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including (without limitation) risks related to the ability to achieve sustainability and climate change strategy, targets and commitments at both Wheaton and the Mining Operations and other risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form for the year ended December 31, 2025 and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis for the year ended December 31, 2025, both available on SEDAR+ and in Wheaton's Form 6-K filed March 12, 2026, all available on EDGAR (the "Disclosure"). Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that sustainability and climate change strategy, targets and commitments at both Wheaton and the Mining Operations will be achieved, there will be no material adverse change in the market price of commodities, that estimations of future production from the Mining Operations and mineral reserves and resources are accurate, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements, and such other assumptions and factors as set out in the Disclosure.  

SOURCE Wheaton Precious Metals Corp.

Gold is a commodity that you can easily buy. All you need to do is visit a coin shop and acquire a few gold coins. That's actually an expensive and inefficient option, but buying a gold-linked exchange-traded fund (ETF) such as SPDR Gold Trust (GLD 0.01%) isn't much better. Why? Because an ounce of gold can only ever be an ounce of gold. Here's the best way to invest in gold in 2026.

The no-growth gold mistake There's nothing wrong with buying gold bullion or a gold-linked ETF, per se. They provide direct exposure to the precious metal and, in the case of an ETF like SPDR Gold Trust, they are fairly easy to buy and sell. The problem is that you are entirely reliant on gold's price to determine your return. If you are speculating on the price of gold over the short term, that shouldn't be an issue. However, if you are a long-term investor looking to use gold as a diversification tool, you should probably go with another approach.

Image source: Getty Images.

One commonly chosen option is a gold miner like Newmont Mining (NEM +2.53%). A miner provides exposure to gold, and the business can grow over time by increasing production. Right now, Newmont is benefiting mightily from high gold prices, producing a record $3.1 billion in free cash flow in the first quarter of 2026. Buying a company like Newmont is not a bad choice, either, but operating a mining business is very difficult, capital-intensive, and generally leads to a fairly concentrated bet on a small number of mines.

Streaming and royalty companies could be better A better choice could be streaming and royalty companies like Franco-Nevada (FNV +0.96%), Royal Gold (RGLD +1.32%), and Wheaton Precious Metals (WPM +3.04%). From a top-level view, these companies provide cash up front to miners like Newmont in exchange for the right to buy gold at advantaged prices in the future. Essentially, streaming and royalty companies finance miners and are paid in gold and other precious metals.

Today's Change

(

2.53

%) $

2.47

Current Price

$

100.06

This arrangement means that Franco-Nevada, Royal Gold, and Wheaton all provide exposure to gold, the price of which will dictate their sales and earnings, just as it does for a miner. However, Franco-Nevada, Royal Gold, and Wheaton don't take on the risk of operating a mining business. Moreover, they tend to have very diversified streaming and royalty portfolios. Meanwhile, the ability to secure new streaming and royalty deals enables long-term growth. And their streaming and royalty deals normally lock in wide profit margins. This last one helps protect the business when gold prices fall, something that can lead to losses for a mining business if its cost structure is too high.

Learning about streaming is worth your effort If you haven't heard about streaming and royalty companies, you aren't alone. They are niche businesses that aren't exactly mainstream. However, long-term investors looking to add gold to the mix in 2026 likely won't regret taking the time to get to know Franco-Nevada, Royal Gold, and Wheaton. They have a differentiated business model that has served shareholders very well over time. That said, if you just want to speculate on the price of gold over the short-term, buy a gold-linked ETF.

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To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Wheaton Precious Metals Corp. (WPM - Free Report) Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and cobalt.

WPM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Basic Materials stock. WPM has a Momentum Style Score of A, and shares are up 5.4% over the past four weeks.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.18 to $4.98 per share. WPM boasts an average earnings surprise of +14.1%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, WPM should be on investors' short list.

, /PRNewswire/ - Advancing into its third year, Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce the return of its Future of Mining Challenge, calling on innovators worldwide to propose solutions that optimize mining and address land impacts.

"Mining resources underpin nearly every sector, and as global demand grows, the need to produce them responsibly has never been greater," said Haytham Hodaly, President and Chief Executive Officer of Wheaton. "We believe innovation is key to improving efficiency, enhancing performance, and reducing environmental impacts. The third edition of the Future of Mining Challenge is focused on advancing solutions that optimize mining methods and reduce impacts on land. We have been encouraged by the creativity and progress of past participants and look forward to the ideas this year's challenge will bring."

For the 2026/2027 challenge, Wheaton will award US$1 million to a cleantech venture with an innovative technology that seeks to either strengthen orebody knowledge or improve extraction methods.

"It is remarkable to see how far mining has advanced, driven by the ingenuity of entrepreneurial minds committed to progressing the industry forward," said Patrick Drouin, Chief Sustainability Officer of Wheaton. "By backing bold, early-stage technologies, we hope to accelerate the next generation of solutions that improve performance and reduce environmental impact."

Wheaton invites cleantech innovators worldwide to participate in its Future of Mining Challenge and will accept expressions of interest until 11:59 p.m. (Pacific Time) on Friday, August 21, 2026. Once all expressions of interest have been reviewed, Wheaton will invite select ventures to submit a full application in September 2026. An information session will be held in early July to provide guidance for applicants and address questions on the process.

Once again, Wheaton is collaborating with the University of British Columbia's Sauder School of Business, working closely with a team that brings deep expertise in venture building and early-stage innovation support. The winner of the 2026/2027 Future of Mining Challenge will be announced in March 2027 during the PDAC Convention in Toronto, the largest mining conference in the world.

The 2025/2026 Future of Mining Challenge, announced earlier this year, focused on sustainable water management. Cetos Water was named the winner and awarded US$1 million in recognition of its innovative technology, which transforms wastewater generated by mining operations into clean, reusable water.

For more information about Wheaton's Future of Mining Challenge and how to submit an expression of interest, please visit www.futureofmining.ca. 

About Wheaton Precious Metals Corp.

Wheaton Precious Metals is the world's premier precious metals streaming company, providing shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world. Through strategic streaming agreements, Wheaton partners with mining companies to secure a portion of their future precious metals production. Committed to responsible mining practices, Wheaton employs industry-leading due diligence practices with a goal of unlocking long-term value for shareholders while supporting the broader mining industry to deliver the commodities society needs through access to capital. Wheaton's shares are listed on the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM. Learn more about Wheaton Precious Metals at www.wheatonpm.com or follow us on social media.

Cautionary Note Regarding Forward Looking-Statements
This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to innovative mining technology, the potential success of that technology, and its ability to be commercialized, ESG and climate change strategy, targets and commitments and climate scenario analysis by Wheaton and at mineral stream interests currently owned by Wheaton (the "Mining Operations"). Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including (without limitation) risks relates to the ability to identify innovative mining technology, the potential success of that technology and the ability to commercialize that technology, risks related to the ability to achieve  ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations and other risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form for the year ended December 31, 2025 and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2025, both available on SEDAR+ and in Wheaton's Form 6-K filed March 12, 2026, all available on EDGAR (the "Disclosure"). Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that Wheaton will be able to identify innovative mining technology, ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations will be achieved, there will be no material adverse change in the market price of commodities, that estimations of future production from the Mining Operations and mineral reserves and resources are accurate, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements, and such other assumptions and factors as set out in the Disclosure.  

SOURCE Wheaton Precious Metals Corp.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Wheaton Precious Metals Corp. (WPM - Free Report) Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and cobalt.

WPM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. WPM has a Growth Style Score of A, forecasting year-over-year earnings growth of 64.4% for the current fiscal year.

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.21 to $4.98 per share. WPM also boasts an average earnings surprise of +14.1%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, WPM should be on investors' short list.