Wheaton Precious Metals stock targets 50 percent growth by 2030
Published on 10/01/2026 at 04:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Wheaton Precious Metals (ISIN US92939B1070) is targeting 1.2 million gold equivalent ounces by 2030, compared with 800,000 currently, implying 50 percent production growth. The expansion plan places project execution and capital deployment at the center of the investment case.
Production target reaches 1.2 million ounces
As Investing.com reported on September 29, 2026, Wheaton is building the target on nine development projects, including six already in construction. Management also said it was reviewing 20 to 25 opportunities at a time, versus a historical range of 12 to 15.
The company deployed USD 5.5 billion in capital during the 12 months covered by the transcript and committed USD 4.6 billion in 2026. That pace is materially higher than the USD 800 million to USD 1.0 billion deployed annually during much of the previous decade, increasing the importance of asset quality and timing.
Q2 revenue climbed 84.7 percent
MarketBeat reported on September 28, 2026, that Wheaton generated USD 878.0 million in Q2 2026 revenue, up 84.7 percent year over year. Adjusted EPS was USD 1.19, exceeding the USD 1.15 consensus estimate by USD 0.04, while the quarterly dividend was USD 0.195 per share.
Analyst estimates show a mixed but constructive picture. Zacks Research lowered its Q3 2026 EPS forecast from USD 1.05 to USD 1.00 in a September 24 note, while the same MarketBeat report cited a consensus price target of USD 166.00.
RBC raises target to USD 165.00
MarketScreener reported on September 16, 2026, that RBC Capital raised its Wheaton price target from USD 160.00 to USD 165.00 and maintained an Outperform rating. The revision came after the company presented its expansion strategy and gives the analyst view a concrete benchmark against the USD 166.00 consensus target.
Market value and yearly range
Wheaton Precious Metals had a market capitalization of USD 60.7 billion as of September 30, 2026. Its 52-week range was USD 92.57 to USD 165.76, leaving the yearly high as a clear valuation reference for the production-growth plan.
Wheaton Precious Metals at a glance
- Company: Wheaton Precious Metals Corp.
- ISIN: US92939B1070
- Ticker: WPM
- Primary exchange: NYSE
- Market capitalization: USD 60.7 billion (as of September 30, 2026)
- 52-week range: USD 92.57-165.76 (as of September 30, 2026)
- Sector / Industry: Basic Materials / Gold
