In a report released today, Lawson Winder from Bank of America Securities maintained a Buy rating on Wheaton Precious Metals (WPM – Research Report), with a price target of $77.00.
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Lawson Winder’s rating is based on Wheaton Precious Metals’ strong production performance and optimistic future growth prospects. The company reported higher-than-expected gold equivalent ounce production in Q4 2024 and provided a promising production forecast for 2025, which aligns well with market expectations. This performance underlines WPM’s potential for significant growth, with an anticipated increase of about 40% in production volumes over the next five years.
Winder also highlights WPM’s strategic advantage due to its higher exposure to silver compared to its peers, which supports its robust free cash flow generation. The company’s longer-term outlook suggests continued growth, driven by contributions from key projects and potential new streaming agreements. These factors collectively support the Buy rating, emphasizing WPM’s position as a leader in volume growth among its industry peers.
In another report released on February 11, National Bank also maintained a Buy rating on the stock with a C$115.00 price target.