Analysts Still See Potential In Wheaton Precious Metals (WPM) as Stock Skyrockets Over 129% In One Year

Wheaton Precious Metals Corp. (NYSE:WPM) is one of the 10 Best Precious Metal Stocks to Buy After the U.S. Venezuela Mission.

Over the one-year period as of January 9, Wheaton Precious Metals Corp. (NYSE:WPM) has skyrocketed over 129%. Out of 18 analysts covering WPM, 94% rate the stock as a Buy with a median price target set at $132.50, indicating an upside of 6.22%.

On December 16, TheFly reported that Berenberg Bank raised its price target on Wheaton Precious Metals Corp. (NYSE:WPM) from $128 to $147. Richard Hatch at Berenberg raised the price target on WPM while maintaining a Buy rating.

Similarly, on December 7, Fahad Tariq of Jefferies raised the price target on WPM from $137 to $138, maintaining his Buy rating. Fahad is positive on Wheaton as he believes a strong 2026 for the metals and mining group, reported TheFly. The analyst remains bullish on gold equities, pointing out attractive valuations. However, Tariq remains cautious on copper stocks given valuations heading into 2026.

Jefferies analyst expects gold companies to increase margins and generate higher FCF in 2026 than in 2025. The longer gold prices remain elevated, the more investor attention will turn to growth, Tariq noted.

Wheaton Precious Metals Corp. (NYSE:WPM) is a precious metals firm operating in Europe, Africa, North America, and South America. Wheaton mainly produces gold, and also explores for silver, palladium, platinum, and cobalt deposits.

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Disclosure: None. This article is originally published at Insider Monkey.