Wheaton Precious Metals Sees Q4 Sales at $649M and 111% EPS Growth
Wheaton Precious Metals will report Q4 2025 results on March 12, with consensus sales of $649 million, a 70.5% year-over-year surge, and earnings estimated at $0.93 per share, up 111.4%. It produced 692,000 GEOs in 2025, with gold output up 9.7% to 416,286 ounces and silver at 22 million ounces.
1. Q4 2025 Earnings Estimates
Wheaton Precious Metals will report its fourth-quarter 2025 results on March 12 after market close. Consensus sales stand at $649 million, reflecting a 70.5% year-over-year increase, while earnings are projected at $0.93 per share, up 111.4%. Earnings estimates have risen 4.5% over the past 60 days and Earnings ESP sits at +14.41%.
2. 2025 Production Performance
The company produced 692,000 gold equivalent ounces in 2025, surpassing initial guidance of 600,000–670,000. Gold output rose 9.7% to 416,286 ounces and silver production reached 22 million ounces. Strong grades at Salobo, Peñasquito and Constancia drove gains, offset partly by slower ramp-ups at Goose and Mineral Park.
3. Share Performance and Valuation
Shares have gained 112.3% over the past year, outperforming peers SSR Mining and Hudbay Minerals and the broader Basic Materials sector. WPM trades at a forward 12-month P/E of 35.24X, a significant premium to the industry average of 14.28X and peer multiples of 8.01X and 13.39X.
4. Growth Outlook
Management forecasts production rising to 1.2 million GEOs by 2030, driven by assets like Antamina, Salobo and development projects including Blackwater and Platreef. Continued additions of new streaming agreements aim to bolster medium- and long-term output growth.