UBS analyst Daniel Major downgraded Wheaton Precious Metals (WPM) to Neutral from Buy with a price target of $106, up from $100. The firm sees the stock taking a pause following the recent rally. Wheaton is fully valued after the 75% year-to-date amid rising gold and silver prices, the analyst tells investors in a research note. UBS believes the market is already pricing in commodity price growth for Wheaton.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WPM:
- Wheaton Precious Metals downgraded to Neutral from Buy at UBS
- Wheaton Precious Metals Reports Record Q2 2025 Results
- Wheaton Precious Metals price target raised to C$151 from C$139 at BMO Capital
- Wheaton Precious Metals Achieves Record Q2 2025 Financial Performance
- Wheaton Precious Metals Increases Quarterly Dividend by 6.5%