Scotiabank raises Wheaton Precious Metals stock price target on development assets\n\nInvesting.com - Scotiabank (TSX:BNS) raised its price target on Wheaton Precious Metals (NYSE:WPM) to $109.00 from $108.00 on Tuesday, while maintaining a Sector Outperform rating on the stock. The company, currently valued at $44.25 billion, has shown impressive momentum with a 74% year-to-date return. According to InvestingPro data, analyst targets range from $90 to $125, reflecting strong market confidence.\n\nThe bank cited several factors for the modest price target increase, including the de-risking of development assets as they progress toward production start-up this year, with an expected contribution of 20-25k gold equivalent ounces (GEOs). The company’s strong financial health is evident in its impressive 83.8% gross profit margin and robust revenue growth of 46.8% over the last twelve months.\n\nScotiabank specifically mentioned the Goose Project, Blackwater Project, Mineral Park, and Platreef Project as key development assets moving toward production in 2025.\n\nThe firm also highlighted Wheaton’s potential to achieve its 2025 guidance, with stronger performance expected in the second half of the year.\n\nScotiabank noted that Wheaton Precious Metals has approximately $2.3 billion in available total liquidity for transaction opportunities in precious metals, after accounting for commitments over the next year.\n\nIn other recent news, Wheaton Precious Metals reported impressive financial results for the second quarter of 2025, exceeding analysts’ expectations. The company posted an earnings per share (EPS) of $0.63, surpassing the forecast of $0.56 by 12.5%. Revenue also exceeded projections, coming in at $503 million compared to the anticipated $438.31 million, marking a 14.76% surprise. This revenue represents a 68% increase year-over-year, with operating cash flow rising by 77% to $415 million. Berenberg and CFRA both raised their price targets for Wheaton Precious Metals, with Berenberg increasing it to C$78.00 and CFRA to C$158.00, both maintaining a Buy rating. These adjustments are attributed to the company’s record quarterly earnings and revenue performance. The strong financial results highlight Wheaton’s robust operational capabilities and financial health.

Scotiabank raises Wheaton Precious Metals stock price target on development assets

Scotiabank has raised its price target for Wheaton Precious Metals from $108.00 to $109.00, maintaining a Sector Outperform rating. The increase is attributed to the de-risking of development assets progressing toward production in 2025, including the Goose, Blackwater, Mineral Park, and Platreef projects, which are expected to contribute 20-25k gold equivalent ounces. Wheaton reported strong Q2 2025 results with EPS of $0.63 (exceeding forecast of $0.56 by 12.5%), revenue of $503 million (a 14.76% surprise and 68% year-over-year growth), and operating cash flow of $415 million (up 77%). Analysts Berenberg and CFRA also raised their targets, with Berenberg to C$78.00 and CFRA to C$158.00, both maintaining a Buy rating. The company is valued at $44.25 billion and has $2.3 billion in available liquidity.