Wheaton Precious Metals Corp. (WPM) Experiences Strong Momentum, Scotiabank Raises PT

With strong year-to-date gains and significant hedge fund interest, Wheaton Precious Metals Corp. (NYSE:WPM) secures a spot on our list of the 10 Unstoppable Canadian Stocks to Buy Now.

Wheaton Precious Metals Corp. (WPM) Experiences Strong Momentum, Scotiabank Raises PT

A man, dressed in protective gear, holding a golden nugget freshly extracted from an underground mining shaft.

Scotiabank increased its price target on Wheaton Precious Metals Corp. (NYSE:WPM) from $108 to $109 on August 12, 2025, maintaining a ‘Sector Outperform’ rating, following the company’s strong momentum. While returning 66.41% on a YTD basis, the company boosted investor confidence with its 46.8% revenue growth and an 83.8% gross profit margin.

Furthermore, the investment firm cited the de-risking of its key development projects, including Goose, Blackwater, Mineral Park, and Platreef. These projects are expected to add 20-25 thousand gold equivalent ounces this year, supporting 2025 guidance. Moreover, Wheaton Precious Metals Corp. (NYSE:WPM)’s available liquidity of $2.3 billion strengthened investor confidence.

Wheaton Precious Metals Corp. (NYSE:WPM) is focused on the production and sale of gold, silver, palladium, platinum, and cobalt across global markets. It is one of the unstoppable stocks.

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