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Wheaton Precious Metals ( (TSE:WPM) ) has shared an announcement.
Wheaton Precious Metals reported record first-quarter 2026 results, with revenue of $901 million, net earnings of $582 million, adjusted net earnings of $583 million and operating cash flow of $766 million, underpinned by better-than-expected performance at the Salobo and Peñasquito streams and a cash balance of $2.2 billion. The company expanded its portfolio with its largest-ever streaming transaction on BHP’s stake in the Antamina silver output, new precious metals purchase agreements at projects such as Hemlo, Fenix and Mineral Park, its first Australian stream with KGL Resources at the Jervois project, and a new royalty on the Spanish Mountain Gold project, reinforcing its growth pipeline, geographic diversification and sustainability credentials as production rose 22% in gold-equivalent ounces year on year.
Operationally, attributable gold-equivalent production climbed to 212,000 ounces in the first quarter of 2026, driven by higher contributions from Peñasquito, Antamina and Blackwater and the restart of Aljustrel, even as gold ounces sold fell versus the prior year. Alongside top-tier ESG ratings from Sustainalytics, MSCI and ISS, Wheaton lifted its quarterly dividend by 18% from the first quarter of 2025 and continued to advance construction at key partner projects including Mineral Park, Platreef, Fenix, El Domo, Kurmuk and Koné, positioning the company for further accretive growth and long-term value creation for shareholders and host communities.
The most recent analyst rating on (TSE:WPM) stock is a Buy with a C$200.00 price target. To see the full list of analyst forecasts on Wheaton Precious Metals stock, see the TSE:WPM Stock Forecast page.
Spark’s Take on WPM Stock
According to Spark, TipRanks’ AI Analyst, WPM is a Outperform.
The score is driven primarily by standout profitability and a fortress-like balance sheet, reinforced by a strongly positive earnings update with clear long-term growth targets. Offsetting factors are a premium valuation with a low dividend yield and a mixed near-term technical picture, plus noted variability in free cash flow conversion.
To see Spark’s full report on WPM stock, click here.
More about Wheaton Precious Metals
Wheaton Precious Metals is a Vancouver-based precious metals streaming and royalty company that provides upfront financing to mining operators in exchange for the right to purchase a share of future gold, silver and other metal production at predetermined prices. Its diversified portfolio spans 22 operating mines and 26 development projects, with roughly 80% of attributable output sourced from assets in the lower half of their respective cost curves.
Average Trading Volume: 797,281
Technical Sentiment Signal: Buy
Current Market Cap: C$83.3B
For detailed information about WPM stock, go to TipRanks’ Stock Analysis page.