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WPM

Wheaton Precious Metals Corp.

Basic Materials · $61.6B market cap

Verdict

Share price

$136.28

close of Oct 3, 2026

Fair value

$88.87

Sticker Price

Payback Price

$35.55

buy price

Overpriced

WPM is Overpriced: at $136.28 it trades 53% above its fair value of $88.87. Its buy price (Payback Price) is $35.55, 74% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth5.2% a year✗
Equity per share growth7.3% a year✗
Sales growth7.6% a year✗
Free cash flow growth7.3% a year✗
Return on invested capital9.9%✗

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Superinvestors

2 of the investors we track hold WPM. In Q2 2026, 1 added. Who we track

First Eagle Investment Management

First Eagle Investment Management · as of Q2 2026

$1.6B

14,215,147 shares

Lee Ainslie

Maverick Capital · as of Q2 2026

$836K

7,437 shares

Moves in Q2 2026

Added: Lee Ainslie

About Wheaton Precious Metals Corp.

Wheaton Precious Metals Corp. functions as a streaming enterprise, primarily engaged in the global distribution of valuable metals. Its offerings encompass deposits of gold, silver, palladium, and cobalt. The company maintains a substantial portfolio, holding stakes in 23 operational mines and an additional 13 development ventures. Founded in 2004, the firm's headquarters are located in Vancouver, Canada. It…

Gold

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works