5 Strong Buy Stocks with High Upside According to Analysts

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

Upside Potential: 64.72%

On July 6, Jefferies analyst Fahad Tariq lowered the firm’s price target on Wheaton Precious Metals Corp. (NYSE:WPM) to $177 from $182 while maintaining a Buy rating on the shares. The firm noted that gold prices have retreated from recent highs since the first quarter, creating conditions for potential margin compression during the second quarter. According to Jefferies, lower realized gold prices combined with elevated diesel costs are expected to weigh on profitability, shifting investor attention from temporary cost inflation concerns toward commodity price pressure. Despite these near-term challenges, the firm continues to view Wheaton favorably due to the resilience of its streaming model and its leverage to long-term precious metals demand.

Earlier, on June 30, UBS analyst Daniel Major lowered the firm’s price target on Wheaton Precious Metals Corp. (NYSE:WPM) to $150 from $165 while maintaining a Buy rating. Although UBS revised its valuation assumptions to reflect a changing commodity price environment, the continued Buy recommendation underscores confidence in the company’s business model and ability to generate strong cash flow across commodity cycles.

Founded in 2004 and headquartered in Vancouver, British Columbia, Wheaton Precious Metals Corp. (NYSE:WPM) is one of the world’s largest precious metals streaming companies. Rather than operating mines directly, the company provides upfront financing to mining operators in exchange for the right to purchase a portion of future gold, silver, and other metal production at predetermined prices. This structure enables Wheaton to maintain exposure to rising precious metal prices while limiting many of the operational risks associated with mine ownership.