Canada's Wheaton Precious Metals Q2 revenue misses estimates
WPM•Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the gold peer group is "buy"
- Wall Street's median 12-month price target for Wheaton Precious Metals Corp. is C$250.00, about 44.9% above its August 5 closing price of C$172.48
- The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 25 three months ago
Outlook unchanged for 2026 and 2030
- Wheaton forecasts 2026 production of 400,000-430,000 oz gold, 27-29 mln oz silver, 19,000-21,000 GEOs other metals
- Company maintains 2026 annual production guidance of 860,000-940,000 GEOs, unchanged from prior outlook
- Wheaton expects annual production to rise about 50% to 1.2 mln GEOs by 2030, unchanged from prior forecast
Q2 revenue misses estimates as profit rises
- Canada precious metals streaming firm's Q2 revenue rose 85% yr/yr but missed analyst expectations
- Adjusted EPS for Q2 jumped 90% yr/yr, driven by higher realized prices and production
- Company expanded streaming and royalty portfolio with new agreements in Australia, Canada and Japan
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
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