Analyst Consensus ?
ConsensusBuy19 ratings
Bullish1578.9%
Neutral421.1%
Bearish00.0%
Wheaton Precious Metals Corp. · WPM · FY2024 Q4 · Calendar Q1 2025
Wheaton outlines growth from new streams and development projects
The transcript supports a constructive but conditional view: resilient commodity exposure, new streaming agreements and a multi-project development pipeline can support growth, while execution, capital commitments and commodity volatility are key tests.
Reported Before market openNYSEBasic Materials
$60.94B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.45
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $392.3M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.2%
Event window
SPY move
-1.3%
Same window
Abnormal move
+3.5%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
+7.1%
Up to 20 sessions
WPMSPY benchmark
Ask FN2 about WPM FY2024 Q4
Transcript, numbers and history already loaded
What drove WPM's +2.2% move after FY2024 Q4 earnings?What changed in WPM's guidance and outlook in FY2024 Q4?Give me the bull and bear case for WPM after FY2024 Q4 earnings.
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Transcript intelligence
What changed
Relative to the prior quarter, the company moved from announcing major streams and maintaining near-term guidance to reporting full-year 2024 performance and detailing a broader 2025-2029 ramp. The portfolio now includes four highlighted acquisitions, while management emphasized a 40% production-growth target and continued development spending.
Guidance delta
Management maintained its outlook and described a path to 40% production growth by 2029 as new assets ramp.
Key takeaways
- Management described record 2024 revenue, adjusted earnings and operating cash flow, with production above guidance.
- Four streaming acquisitions broadened the portfolio across commodities, operators and geographies.
- The growth case rests on multiple projects ramping up from 2025 onward, but execution and capital-allocation risks remain.
Management priorities
- Ramp Blackwater, Goose, Mineral Park and Platreef and integrate other development assets.
- Continue acquiring high-quality, long-life streaming assets.
- Maintain liquidity, sustainability initiatives and a focus on ESG credentials.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$134.18Current
$41Low
$99.9Average
$180High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 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 current price $134.18. 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 | +17.0% | Jul 28, 2026 |
| RBC Capital | Analyst unavailable | $160 | $110.45 | +19.2% | Jul 9, 2026 |
| Jefferies | Fahad Tariq | $177 | $115.73 | +31.9% | Jul 6, 2026 |
| UBS | Daniel Major | $150 | $109.85 | +11.8% | Jun 30, 2026 |
| Scotiabank | Analyst unavailable | $180 | $139.03 | +34.1% | May 14, 2026 |
| UBS | Daniel Major | $160 | $124.7 | +19.2% | Mar 27, 2026 |
| UBS | Daniel Major | $158 | $139.56 | +17.8% | Jan 30, 2026 |
| Scotiabank | Analyst unavailable | $175 | $153 | +30.4% | Jan 26, 2026 |
| RBC Capital | Analyst unavailable | $130 | $109.25 | -3.1% | Dec 10, 2025 |
| Jefferies | Fahad Tariq | $145 | $108.09 | +8.1% | Dec 7, 2025 |
| Scotiabank | Tanya Jakusconek | $128 | $98.16 | -4.6% | Oct 23, 2025 |
| UBS | Analyst unavailable | $122 | $110.27 | -9.1% | Oct 16, 2025 |
| CIBC | Analyst unavailable | $160 | $105.45 | +19.2% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $127 | $103.38 | -5.4% | Oct 10, 2025 |
| UBS | Daniel Major | $118 | $106.21 | -12.1% | Sep 19, 2025 |
| UBS | Daniel Major | $106 | $97.23 | -21.0% | Aug 11, 2025 |
| BMO Capital | Matthew Murphy | $129 | $83.37 | -3.9% | Apr 15, 2025 |
| Raymond James | Brian MacArthur | $88 | $70.9 | -34.4% | Apr 4, 2025 |
| Scotiabank | Analyst unavailable | $79 | $76.02 | -41.1% | Mar 17, 2025 |
| Jefferies | Matthew Murphy | $77 | $60.07 | -42.6% | Oct 4, 2024 |
| TD Securities | Greg Barnes | $70 | $57.86 | -47.8% | Aug 15, 2024 |
| BMO Capital | Jackie Przybylowski | $59 | $55.65 | -56.0% | May 10, 2024 |
| TD Securities | Greg Barnes | $53 | $44.16 | -60.5% | Mar 18, 2024 |
| Barclays | Analyst unavailable | $41 | $33.87 | -69.4% | Jul 19, 2022 |
| RBC Capital | Josh Wolfson | $52 | $44.76 | -61.2% | May 4, 2022 |
| BMO Capital | Jackie Przybylowski | $51 | $40.93 | -62.0% | Feb 7, 2022 |
| National Bank | Shane Nagle | $51.72 | $38.44 | -61.5% | Jan 7, 2022 |
| Credit Suisse | Fahad Tariq | $45.36 | $42.18 | -66.2% | Dec 23, 2021 |
| KeyBanc | Adam Josephson | $46 | $41.74 | -65.7% | Dec 22, 2021 |
| Scotiabank | Trevor Turnbull | $65 | $39.03 | -51.6% | Sep 24, 2021 |
| Desjardins | John Sclodnick | $59.68 | $47.1 | -55.5% | May 20, 2021 |
| J.P. Morgan | Tyler Langton | $53 | $41.06 | -60.5% | Apr 27, 2021 |
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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 |
|---|---|---|---|---|
| AA Alcoa Corporation | FY2026 Q3 · Calendar Q4 2026 | +20.5% | +7.2% | Alcoa: Strong Q3 execution, with safety and transaction risks ahead |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-27T00:01:03.097539+00:00
- Polygon adjusted daily market bars · 2026-10-18T06:00:50.028044+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T06:00:50.024132+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 2026-10-18. For educational purposes only; not investment advice.