Berenberg raises Wheaton Precious Metals stock price target on record Q2

Investing.com - Berenberg raised its price target on Wheaton Precious Metals (NYSE:WPM) to C$78.00 from C$72.00 while maintaining a Buy rating following the company’s record quarterly earnings. According to InvestingPro data, the stock is currently trading near its 52-week high of $103.81, with analysts setting targets between $90 and $125.

Wheaton Precious Metals reported its Q2 results on August 7, delivering record quarterly earnings that exceeded Visible Alpha consensus estimates by 7% for adjusted EPS and 15% for operating cash flows.

The strong performance was attributed to a combination of higher production, sales volumes, realized prices, and margins, according to Berenberg.

Wheaton maintained its production guidance for 2025, with several near-term development streams progressing on track. Berenberg noted that execution of Wheaton’s expected 32% volume growth to 2028 (versus 2024) represents a key factor for continued share price appreciation.

The stock closed up 2.9% in London following the results announcement on August 7.

In other recent news, Wheaton Precious Metals reported exceptional financial results for the second quarter of 2025. The company achieved record revenue of $503 million, marking a 68% increase from the previous year and surpassing analysts’ expectations of $438.31 million by 14.76%. Additionally, Wheaton posted an earnings per share of $0.63, exceeding the forecasted $0.56 by 12.5%. Operating cash flow also saw a significant rise, reaching $415 million, up 77% from the same period last year. CFRA responded to these strong results by raising its price target for Wheaton Precious Metals to C$158.00 from C$132.00, while maintaining a Buy rating. The firm highlighted the company’s impressive second-quarter performance as a key factor in its decision. These developments reflect positively on Wheaton’s financial health and operational efficiency.

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