Wheaton Precious Metals Expands with Key Streaming Deals Amid Bullish Analyst Outlook

Wheaton Precious Metals Corp. (WPM) recently expanded its streaming and royalty portfolio with a $300 million precious metals streaming agreement on KGL Resources' Jervois Copper Project in Australia and a $55 million royalty deal with Spanish Mountain Gold in British Columbia. These Tier-1 jurisdiction moves enhance exposure to silver and gold by-products, boosting investor confidence in long-term production growth toward 2026-2030 targets 8[22]. Trading activity surged following announcements, with shares showing volatility-up 23.5% in the past month to around C$194, yet experiencing a 5% drop on April 21 amid profit-taking [11][22].

Market sentiment remains strongly bullish, fueled by Q4 2025 results that beat EPS expectations at C$1.68 with C$1.16B revenue and a 63.6% net margin. Eight analysts rate WPM a 'Buy' (one 'Strong Buy'), with an average 12-month target of C$205.63; recent upgrades include BMO and Stifel lifting targets to C$250 6. Technicals indicate momentum, with shares up 37% over six months, 15% YTD, and Zacks highlighting upward earnings revisions to $4.84 for 2026 [18][21].

Strong precious metals prices-gold at $4,566/oz and silver at $72.29/oz-have propelled WPM's performance, with the stock up 75% over the past year despite a 30% pullback from peaks 2[26]. In recent months, global tensions and industrial silver demand (60% of total) amid supply shortages supported gains, alongside silver production guidance of 27-29M oz for 2026 [20][32]. CEO changes effective March 31 and upcoming Q1 results on May 7 add to focus, positioning WPM resiliently in a competitive streaming landscape [21].