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Wheaton Precious Metals ( (TSE:WPM) ) just unveiled an update.
Wheaton Precious Metals has announced the acquisition of a gold stream on the Spring Valley Project in Nevada, in partnership with Waterton Gold. This acquisition is expected to enhance Wheaton’s portfolio with a high-quality, low-cost mine, and is fully funded with $1.3 billion in committed capital. The project is set to begin full construction in 2026, with first gold production anticipated in 2028, promising significant long-term value for stakeholders.
The most recent analyst rating on (TSE:WPM) stock is a Buy with a C$146.00 price target. To see the full list of analyst forecasts on Wheaton Precious Metals stock, see the TSE:WPM Stock Forecast page.
Spark’s Take on TSE:WPM Stock
According to Spark, TipRanks’ AI Analyst, TSE:WPM is a Outperform.
Wheaton Precious Metals’ strong financial performance and positive earnings call are the most significant factors driving the score. The company’s robust profitability, low leverage, and strategic growth initiatives provide a solid foundation. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests overvaluation, which tempers the overall score.
To see Spark’s full report on TSE:WPM stock, click here.
More about Wheaton Precious Metals
Wheaton Precious Metals Corp. is a company operating in the precious metals industry, primarily focusing on the acquisition of gold and silver streams. It is known for investing in high-quality, value-accretive assets and has a market focus on low-cost mines in tier-one jurisdictions.
Average Trading Volume: 849,850
Technical Sentiment Signal: Buy
Current Market Cap: C$60.38B
See more data about WPM stock on TipRanks’ Stock Analysis page.