Wheaton Precious Metals Corp
Research Wheaton Precious Metals Corp (WPM) on Bullrun: valuation model: 16.2% overvalued, market cap USD 62.97B, P/E 30.8, dividend yield 0.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerWPM
- ExchangeNYSE
- CountryCanada
- SectorBasic Materials
- IndustryGold
- CurrencyUSD
- Valuation signal16.2% overvalued
- Market capUSD 62.97B
- P/E30.8
- Dividend yield0.4%
- Financial periodQ2 2026
- RevenueUSD 929.20M
- Net incomeUSD 543.24M
- Free cash flow-USD 3.85B
- Gross margin74.0%
Valuation Snapshot
Bullrun's latest valuation model marks Wheaton Precious Metals Corp as 16.2% overvalued; latest market cap is USD 62.97B; P/E is 30.8; dividend yield is 0.4%.
Peer valuation comparison
Latest P/E is 30.76x versus a Basic Materials sector median of 16.68x (84.3% above).
Latest dividend yield is 0.42% versus a Basic Materials sector median of 2.3% (81.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 2.31B | USD 1.47B | USD 563.61M | 72.2% | 3.24 | USD 1.15B | USD 7.91M | USD 8.69B |
| FY2024 | USD 1.28B | USD 529.14M | USD 369.25M | 62.5% | 1.17 | USD 818.17M | USD 5.17M | USD 7.26B |
| FY2023 | USD 1.02B | USD 537.64M | USD 74.94M | 56.4% | 1.19 | USD 546.53M | USD 6.23M | USD 6.99B |
| FY2022 | USD 1.07B | USD 669.13M | USD 590.00M | 53.1% | 1.48 | USD 696.09M | USD 1.97M | USD 6.72B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 62.97B | 30.8 | 0.4% | 0.59 |
| 2025 | 2025-12-31 | USD 53.36B | 36.3 | 0.1% | 0.17 |
| 2024 | 2024-12-31 | USD 25.51B | 48.1 | 0.9% | 0.48 |
| 2023 | 2023-12-29 | USD 22.35B | 41.8 | 1.2% | 0.6 |
| 2022 | 2022-12-30 | USD 17.66B | 22.2 | 1.5% | 0.6 |
| 2021 | 2021-12-31 | USD 19.36B | 25.7 | 1.3% | 0.57 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.59 USD, yield 0.4%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.17 USD |
| FY2024 | 0.48 USD |
| FY2023 | 0.6 USD |
| FY2022 | 0.6 USD |
About Wheaton Precious Metals Corp
Wheaton Precious Metals Corp. operates as a precious metal streaming company. It explores for gold, silver, palladium, platinum, and cobalt deposits in Canada, the United States, Mexico, Portugal, Sweden, the United Kingdom, Argentina, Chile, Brazil, Peru, Ecuador, Colombia, Côte d'Ivoire, Ethiopia, and South Africa. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.
ETFs that hold Wheaton Precious Metals Corp
Wheaton Precious Metals Corp is one of the ten largest holdings of 9 ETFs that investors in Europe can buy. The 8 most traded of them:
| ETF | Weight | TER |
|---|---|---|
| VanEck Gold Miners UCITS ETF | 5.52% | 0.53% |
| Global X Silver Miners UCITS ETF USD Acc | 15.73% | 0.65% |
| iShares Gold Producers UCITS ETF USD (Acc) | 7.34% | 0.55% |
| VanEck S&P Global Mining UCITS ETF | 3.05% | 0.50% |
| BNP Paribas Easy MSCI World SRI PAB UCITS ETF EUR Capitalisation | 1.36% | 0.25% |
| Hanetf Icav - Gold Miners Screened UCITS ETF | 9.64% | 0.60% |
| Sprott Silver Miners and Physical Silver UCITS ETF Accumulating ETF Share Class USD | 5.01% | 0.65% |
| BNP PARIBAS EASY MSCI World SRI PAB UCITS ETF EUR DIS | 1.36% | 0.25% |
Compare every fund on the same index:
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Frequently asked questions
Is Wheaton Precious Metals Corp overvalued or undervalued?
Bullrun's valuation model currently marks Wheaton Precious Metals Corp as 16.2% overvalued.
What is Wheaton Precious Metals Corp's market cap?
Wheaton Precious Metals Corp's market capitalization is USD 62.97B.
What is Wheaton Precious Metals Corp's P/E ratio?
Wheaton Precious Metals Corp's price-to-earnings (P/E) ratio is 30.8.
Does Wheaton Precious Metals Corp pay a dividend?
Wheaton Precious Metals Corp has a dividend yield of 0.4%.
What does Wheaton Precious Metals Corp do?
Wheaton Precious Metals Corp. operates as a precious metal streaming company. It explores for gold, silver, palladium, platinum, and cobalt deposits in Canada, the United States, Mexico, Portugal, Sweden, the United Kingdom, Argentina, Chile, Brazil, Peru, Ecuador, Colombia, Côte d'Ivoire, Ethiopia, and South Africa. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.