Wheaton Precious Metals Corp. (NYSE:WPM) is one of the most profitable gold stocks to buy right now. On July 21, Stifel analyst Ingrid Rico raised the firm’s price target on Wheaton Precious Metals Corp. (NYSE:WPM) to C$144 from C$141, keeping a Buy rating on the shares.
A representation of gold bars, highlighting the companies success in their gold industry.
Wheaton Precious Metals Corp. reported record $470 million in revenue in fiscal Q1 2025, while net earnings came up to $254 million and operating cash flow was $361 million.
Wheaton Precious Metals Corp. has a cash balance of $1.1 billion, no debt, and an undrawn $2 billion revolving credit facility as of March 31. The company also declared a quarterly dividend of $0.165 per common share.
Wheaton Precious Metals Corp. is a precious metals streaming company that operates through the Gold, Silver, Palladium, Cobalt, and Other business segments.
The company has a quality portfolio of long-life, low-cost assets, and its business model provides investors with exploration upside and commodity price leverage with a considerably lower risk profile when compared to a traditional mining company.
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This article is originally published at Insider Monkey.
