Analyst Consensus ?
ConsensusBuy19 ratings
Bullish1578.9%
Neutral421.1%
Bearish00.0%
Wheaton Precious Metals Corp. · WPM · FY2024 Q3 · Calendar Q4 2024
Wheaton reports record cash flow and expands its streaming portfolio
The current analysis supports a constructive operating picture: record cash generation, maintained production guidance and new streams strengthen the growth framework. Offsetting risks include lower grades, commodity-price exposure, project execution and greater use of debt in deals.
Reported After market closeNYSEBasic Materials
$54.90B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.34
Consensus $0.34
EPS surprise
0.0%
Reported versus consensus
Reported revenue
—
Consensus $378.8M
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-5.9%
Event window
SPY move
+0.1%
Same window
Abnormal move
-6.0%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
+1.3%
Up to 20 sessions
WPMSPY benchmark
Ask FN2 about WPM FY2024 Q3
Transcript, numbers and history already loaded
Why did WPM fall 5.9% after beating EPS estimates in FY2024 Q3?What changed in WPM's guidance and outlook in FY2024 Q3?Give me the bull and bear case for WPM after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management reported record quarterly operating cash flow, announced a $625 million Kona gold stream and a $100 million Phoenix expansion, and continued to frame the 2024 production outlook as on track.
Guidance delta
Management maintained 2024 production guidance of 550,000–620,000 gold-equivalent ounces.
Key takeaways
- Management highlighted record quarterly operating cash flow and strong liquidity.
- New Kona and Phoenix streaming agreements add future production and geographic diversification.
- The investment case still depends on commodity prices, grades and execution across development projects.
Management priorities
- Ramp Kona production beginning in early 2027
- Continue construction and commissioning across Blackwater, Goose, Platreef and Mineral Park
- Pursue high-quality, long-life precious-metal assets while advancing sustainability initiatives
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$120.89Previous close
$41Low
$99.9Average
$180High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 8, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 16, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Jul 14, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 9, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 6, 2026 |
| TD Securities | Buy | Buy | Maintain | Mar 16, 2026 |
| TD Cowen | Buy | Buy | Maintain | Mar 16, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Oct 10, 2025 |
| CIBC | Outperform | Outperform | Maintain | Oct 10, 2025 |
| National Bank Financial Inc | Outperform | Sector Perform | Upgrade | Oct 10, 2024 |
| BMO Capital | Outperform | Outperform | Maintain | Nov 10, 2023 |
| Berenberg | Buy | Buy | Maintain | Sep 11, 2023 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 7, 2023 |
| Keybanc | Overweight | Overweight | Maintain | Jul 18, 2022 |
| JP Morgan | Overweight | Overweight | Maintain | Mar 4, 2021 |
| Deutsche Bank | Hold | Hold | Maintain | Jun 17, 2020 |
| Bank of America | Buy | Buy | Maintain | Sep 26, 2019 |
| Credit Suisse | Neutral | Neutral | Maintain | Aug 9, 2019 |
| GMP Securities | Hold | Buy | Downgrade | Apr 23, 2019 |
Named analyst price targets
Upside is calculated against the persisted previous close $120.89. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Berenberg Bank | Analyst unavailable | $157 | $112.01 | +29.9% | Jul 28, 2026 |
| RBC Capital | Analyst unavailable | $160 | $110.45 | +32.4% | Jul 9, 2026 |
| Jefferies | Fahad Tariq | $177 | $115.73 | +46.4% | Jul 6, 2026 |
| UBS | Daniel Major | $150 | $109.85 | +24.1% | Jun 30, 2026 |
| Scotiabank | Analyst unavailable | $180 | $139.03 | +48.9% | May 14, 2026 |
| UBS | Daniel Major | $160 | $124.7 | +32.4% | Mar 27, 2026 |
| UBS | Daniel Major | $158 | $139.56 | +30.7% | Jan 30, 2026 |
| Scotiabank | Analyst unavailable | $175 | $153 | +44.8% | Jan 26, 2026 |
| RBC Capital | Analyst unavailable | $130 | $109.25 | +7.5% | Dec 10, 2025 |
| Jefferies | Fahad Tariq | $145 | $108.09 | +19.9% | Dec 7, 2025 |
| Scotiabank | Tanya Jakusconek | $128 | $98.16 | +5.9% | Oct 23, 2025 |
| UBS | Analyst unavailable | $122 | $110.27 | +0.9% | Oct 16, 2025 |
| CIBC | Analyst unavailable | $160 | $105.45 | +32.4% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $127 | $103.38 | +5.1% | Oct 10, 2025 |
| UBS | Daniel Major | $118 | $106.21 | -2.4% | Sep 19, 2025 |
| UBS | Daniel Major | $106 | $97.23 | -12.3% | Aug 11, 2025 |
| BMO Capital | Matthew Murphy | $129 | $83.37 | +6.7% | Apr 15, 2025 |
| Raymond James | Brian MacArthur | $88 | $70.9 | -27.2% | Apr 4, 2025 |
| Scotiabank | Analyst unavailable | $79 | $76.02 | -34.7% | Mar 17, 2025 |
| Jefferies | Matthew Murphy | $77 | $60.07 | -36.3% | Oct 4, 2024 |
| TD Securities | Greg Barnes | $70 | $57.86 | -42.1% | Aug 15, 2024 |
| BMO Capital | Jackie Przybylowski | $59 | $55.65 | -51.2% | May 10, 2024 |
| TD Securities | Greg Barnes | $53 | $44.16 | -56.2% | Mar 18, 2024 |
| Barclays | Analyst unavailable | $41 | $33.87 | -66.1% | Jul 19, 2022 |
| RBC Capital | Josh Wolfson | $52 | $44.76 | -57.0% | May 4, 2022 |
| BMO Capital | Jackie Przybylowski | $51 | $40.93 | -57.8% | Feb 7, 2022 |
| National Bank | Shane Nagle | $51.72 | $38.44 | -57.2% | Jan 7, 2022 |
| Credit Suisse | Fahad Tariq | $45.36 | $42.18 | -62.5% | Dec 23, 2021 |
| KeyBanc | Adam Josephson | $46 | $41.74 | -61.9% | Dec 22, 2021 |
| Scotiabank | Trevor Turnbull | $65 | $39.03 | -46.2% | Sep 24, 2021 |
| Desjardins | John Sclodnick | $59.68 | $47.1 | -50.6% | May 20, 2021 |
| J.P. Morgan | Tyler Langton | $53 | $41.06 | -56.2% | Apr 27, 2021 |
Track every rating change on WPM the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationWheaton Precious Metals Corp. functions as a streaming enterprise, primarily engaged in the global distribution of valuable metals. Its offerings encompass deposits of gold, silver, palladium, and cobalt. The company maintains a substantial portfolio, holding stakes in 23 operational mines and an additional 13 development ventures. Founded in 2004, the firm's headquarters are located in Vancouver, Canada. It operated under the name Silver Wheaton Corp. until May 2017, when it rebranded to its current title.
Historical context
All WPM earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CRS Carpenter Technology Corporation | FY2027 Q1 · Calendar Q4 2026 | +6.9% | -20.6% | CRS: Aerospace Bookings Accelerate as Guidance Holds |
| DOW Dow Inc. | FY2026 Q3 · Calendar Q4 2026 | +11.3% | +4.7% | Dow’s Q3 growth and self-help gains support a steady Q4 outlook |
| NEM Newmont Corporation | FY2026 Q3 · Calendar Q4 2026 | +12.2% | -2.6% | Newmont Holds 2026 Guidance as Projects Set Up 2027 Growth |
| SCCO Southern Copper Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.4% | -2.1% | Southern Copper: Record Q3 results, projects advance amid execution risks |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the WPM recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-26T06:40:41.935907+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T06:40:41.933081+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.