Wheaton Precious Metals Corp. (WPM) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 20 analysts47.5% Below Target
WPM trades 47.5% below Wall Street's consensus target of $165.00.
Current Price$111.89
Average Target$165.00
Target
Current
Low$150.00
Median$165.00
High$180.00
Analyst Target Range
Forward P/E20.8x
(Fair)
PEG Ratio0.92
(Undervalued)
Implied Growth+36.2%
(High Growth)
Analyst Spread18.2%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes WPM achieves its forward estimates and maintains a stable P/E multiple of 20.8x. This scenario reflects the blended consensus of 20 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
WPM Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Wheaton Precious Metals Corp. (WPM) has a Wall Street consensus price target of $165.00, based on estimates from 20 covering analysts. With the stock currently trading at $111.89, this represents a potential upside of +47.5%. The company has a market capitalization of $50.81B.
Analyst price targets range from a low of $150.00 to a high of $180.00, representing a 18% spread in expectations. The median target of $165.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 16 analysts rating the stock as a Buy or Strong Buy,4 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, WPM trades at a trailing P/E of 34.0x and forward P/E of 20.8x. The forward PEG ratio of 0.92 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +36.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $93.27, with bear and bull scenarios of $58.76 and $122.90 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+56.5%
Industry Consensus
Avg Forward P/E
15.2x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 RGLDRoyal Gold, Inc. | $13.6B | $196.61 | $315.00 | +60.2% | Buy | 17.4x | 28 |
 FNVFranco-Nevada Corporation | $40.4B | $209.60 | $291.50 | +39.1% | Buy | 23.5x | 26 |
 OROR Royalties Inc. | $5.6B | $30.11 | $51.00 | +69.4% | Buy | 14.3x | 9 |
 NEMNewmont Corporation | $105.3B | $95.06 | $144.88 | +52.4% | Buy | 9.4x | 36 |
 AEMAgnico Eagle Mines Limited | $75.2B | $150.33 | $241.50 | +60.6% | Buy | 11.2x | 31 |
 KGCKinross Gold Corporation | $28.6B | $23.87 | $43.00 | +80.1% | Buy | 7.9x | 29 |
 HLHecla Mining Company | $10.4B | $15.56 | $23.35 | +50.1% | Hold | 18.5x | 26 |
 PAASPan American Silver Corp. | $18.6B | $44.16 | $74.40 | +68.5% | Buy | 9.7x | 25 |
 AGFirst Majestic Silver Corp. | $8.1B | $16.45 | $26.88 | +63.4% | Hold | 18.6x | 11 |
 FCXFreeport-McMoRan Inc. | $85.2B | $59.27 | $71.69 | +21.0% | Buy | 21.5x | 41 |
WPM — Frequently Asked Questions
Quick answers to the most common questions about buying WPM stock.
What is the WPM stock price target for 2026?
The consensus Wall Street price target for WPM is $165, representing 47.5% upside from the current price of $111.89. With 20 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is WPM a buy, sell, or hold?
WPM has a consensus rating of "Buy" based on 20 Wall Street analysts. The rating breakdown is predominantly bullish, with 16 Buy/Strong Buy ratings. The consensus 12-month price target of $165 implies 47.5% upside from current levels.
Is WPM stock overvalued or undervalued?
WPM trades at a forward P/E of 20.7577x, representing a moderate valuation. With analysts targeting $165 (47.5% implied move), the stock appears reasonably valued with upside.
How high can WPM stock go?
The most bullish Wall Street analyst has a price target of $180 for WPM, while the most conservative target is $150. The consensus of $165 represents the median expectation. Our quantitative valuation model projects a bull case target of $123 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover WPM stock?
WPM is well covered by analysts, with 20 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 16 have Buy ratings, 4 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the WPM stock forecast?
The 12-month WPM stock forecast based on 20 Wall Street analysts shows a consensus price target of $165, with estimates ranging from $150 (bear case) to $180 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $93, with bear/bull scenarios of $59/$123.
What is WPM's fair value based on fundamentals?
Our quantitative valuation model calculates WPM's fair value at $93 (base case), with a bear case of $59 and bull case of $123. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 46/100.
What is WPM's forward P/E ratio?
WPM trades at a forward P/E ratio of 20.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 34.0x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy WPM stock?
Wall Street analysts are very optimistic on WPM, with a "Buy" consensus rating and $165 price target (47.5% upside). 16 of 20 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do WPM price targets vary so much?
WPM analyst price targets range from $150 to $180, a 18% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $165 consensus represents the middle ground. Our model's $59-$123 range provides an independent fundamental perspective.
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