This article was written and reviewed by Doug Nathman and his team at Trefis. For questions, email [email protected]
Wheaton Precious Metals NYSE: WPM reported a record first quarter of 2026, with management citing stronger-than-expected contributions from Salobo and Penasquito, higher commodity prices and continued progress on a series of growth transactions.
Investors looking for stocks in the Mining - Miscellaneous sector might want to consider either Glencore PLC (GLNCY) or Wheaton Precious Metals Corp. (WPM). But which of these two companies is the best option for those looking for undervalued stocks?
Wheaton Precious Metals delivered a standout Q1, with revenue up 91.6% and margins expanding sharply on robust gold and silver prices. The BHP Antamina silver deal boosts WPM's production share to 67.5%, adding $1.0–1.1 billion in high-margin annual revenue and supporting long-term cash flow. Despite a 12% share price pullback, WPM's premium valuation is justified by superior growth, profitability, and minimal debt; I rate it Buy with a $159 target (10.5% upside).
Wheaton Precious Metals posts record Q1 revenues and beats earnings estimates as surging prices and output drive profits and lift shares 7%.
While the top- and bottom-line numbers for Wheaton Precious Metals (WPM) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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WPM heads into Q1 earnings release, with forecasts of sharp y/y sales and profit growth, fueled by stronger gold and silver prices, and higher output.
Wheaton Precious Metals (WPM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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AngloGold Ashanti and Wheaton Precious Metals are capitalizing on soaring gold prices, but differences in growth, valuation and output set them apart.