BMO Capital Raised the Firm’s PT on Precious Metals Corp (WPM), Kept an Overweight Rating

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.

BMO Capital Raised the Firm's PT on Precious Metals Corp (WPM), Kept an Overweight Rating

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

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.

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