11 Best Performing Canadian Stocks So Far in 2025

8. Wheaton Precious Metals Corp. (NYSE:WPM)

YTD Performance: 73.39%

Number of Hedge Fund Holders: 35

Precious Metals Corp. (NYSE:WPM) is one of the Best Performing Canadian Stocks So Far in 2025. On August 7, BMO Capital raised the firm’s price target on Wheaton Precious Metals Corp. (NYSE:WPM) from C$151 from C$139 while keeping an Overweight rating on the stock.

The increased price target from BMO Capital follows the company’s release of second-quarter 2025 results. Wheaton Precious Metals Corp. (NYSE:WPM) achieved record revenue of $503 million and record adjusted net earnings of $286 million. The revenue grew 68.26% year-over-year to beat expectations by $28.36 million, and the EPS of $0.63 also exceeded consensus by $0.04. Management noted that they also made significant progress in their near-term growth strategy as the Blackwater mine started commercial production, and the Goose project had its first gold pour.

The company also declared a quarterly dividend of $0.165 per share and paid $150 million in dividends during the quarter. The financial position of Wheaton Precious Metals Corp. (NYSE:WPM) remains strong with $1 billion in cash, no debt, and a $2 billion revolving credit facility, extended to mature in 2030.

Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian company that partners with mining companies through streaming agreements to buy a portion of their future precious metal production.