Wheaton Precious Metals shares, which cost CA$136 at the start of the period, now trade at CA$173 after a 26.7% return over the past year including dividends. Before the rally, the bullish view put fair value at CA$150 based on 12.3% revenue growth, while the cautious view put it at CA$126 due to concerns about weaker long-term precious metals demand. Q2 2026 revenue was US$929.2 million and net income was US$543.2 million, with net margin edging up to 58.5%, though falling precious metal prices in parts of 2026 kept commodity risk in focus. The article also highlights the largest silver stream in the company's history. It concludes that the current price depends on whether these larger, high-quality streams can support long-term cash generation above what the share price implies.
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Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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