Wheaton Precious Metals stock price target raised by CFRA on strong Q2

Investing.com - CFRA raised its price target on Wheaton Precious Metals (NYSE:WPM) to C$158.00 from C$132.00 on Monday, while maintaining a Buy rating on the precious metals streaming company. According to InvestingPro data, WPM is currently trading near its 52-week high, with the stock delivering an impressive 82% return over the past year.

The research firm cited Wheaton’s exceptional second-quarter results, which included record revenue of $503 million, representing a 68% year-over-year increase, and operating cash flow of $415 million, up 77% from the same period last year. The company maintains excellent financial health with a current ratio of 7.38 and has consistently paid dividends for 15 consecutive years. For deeper insights into WPM’s financial performance, InvestingPro subscribers can access comprehensive analysis and 20+ additional ProTips.

Wheaton’s production reached 159,000 gold equivalent ounces in the quarter, a 9.5% increase year-over-year, driven by strong performance at its Salobo operation and the start of commercial production at Blackwater.

The company remains on track to meet its 2025 guidance of 600,000-670,000 gold equivalent ounces and is targeting a 40% production increase by 2029, supported by $1 billion in cash, no debt, and a $2 billion credit facility.

CFRA also raised its earnings per share estimates for Wheaton to $2.51 for 2025 and $3.01 for 2026, noting that key near-term catalysts include ramping up operations at Goose, Mineral Park, and Platreef in the second half of 2025.

In other recent news, Wheaton Precious Metals reported strong financial results for the second quarter of 2025, significantly surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.63, which was 12.5% higher than the forecasted $0.56. Additionally, Wheaton’s revenue reached $503 million, exceeding projections of $438.31 million and marking a 14.76% surprise. These results highlight a robust performance for the quarter. The company’s stock experienced an increase following the earnings announcement. These developments reflect positively on Wheaton Precious Metals’ current financial health. Investors and analysts will likely keep a close watch on the company’s future performance.

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