Why Wheaton Precious Metals (WPM) Shines Among Materials Dividends Stocks in 2025

Wheaton Precious Metals Corp. (NYSE:WPM) is included among the 13 Best Materials Dividend Stocks to Buy Right Now.

Why Wheaton Precious Metals (WPM) Shines Among Materials Dividends Stocks in 2025

An aerial view of Asanko Gold Mine in Ghana, West Africa.

Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian multinational precious metals streaming company. The company holds a diverse range of streaming agreements that allow it to purchase gold, silver, palladium, and cobalt from several major mining firms. These agreements cover both active mining operations and projects still under development. The inclusion of future projects gives Wheaton strong growth potential, with the company aiming to expand its output by 40% over the next five years.

In its earnings for the first quarter of 2025, Wheaton Precious Metals Corp. (NYSE:WPM) has maintained its 2025 production outlook, expecting between 600,000 and 670,000 gold equivalent ounces (GEOs). Output from the Salobo mine is expected to stay steady, backed by operational enhancements across all three phases of the project. Production at Antamina is anticipated to rise in the second half of 2025, driven by improved silver grades.

Looking ahead, Wheaton Precious Metals Corp. (NYSE:WPM) forecasts its annual production to grow by around 40%, reaching approximately 870,000 GEOs by 2029. In addition, the company is a strong dividend payer. It currently offers a quarterly dividend of $0.165 per share, having raised it by 6.5% in March. The stock has a dividend yield of 0.71%, as of July 29.

While we acknowledge the potential of WPM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WPM and that has 100x upside potential, check out our report about this cheapest AI stock.

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