Berenberg Lowers Wheaton Metals (WPM) PT, Keeps Buy Rating

Wheaton Precious Metals Corp. (NYSE:WPM) is one of the 10 Best Gold Stocks To Buy Right Now. On May 12, Berenberg analysts slightly reduced the price target for Wheaton Precious Metals Corp. (NYSE:WPM) from $88 to $87 but kept a “Buy” rating.

This decision came after the analysts updated their financial model to reflect Wheaton Precious Metals Corp.’s (NYSE:WPM) results for the first quarter of 2025. The research firm’s updated model showed a slight increase in operational expenses and share-based remuneration, which led to a small reduction in their earnings estimates.

Berenberg Lowers Wheaton Metals (WPM) PT, Keeps Buy Rating

A representation of gold bars, highlighting the companies success in their gold industry.

Despite the reduced price target, Berenberg analysts continue to view Wheaton Precious Metals Corp. (NYSE:WPM) positively. The analysts noted that the stock is trading at multiples they believe are justified and pointed out that the Buy rating is supported by the elevated USD gold spot price against their price deck.

Wheaton Precious Metals Corp. (NYSE:WPM) is a leading precious metals streaming company with a portfolio of high-quality, low-cost assets. The company’s portfolio includes streams and royalties on gold, silver, and other precious metals.

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