Scotiabank Raises its Price Target on Wheaton (WPM)

Wheaton Precious Metals Corp. (NYSE:WPM) is one of the

10 Best Low Leverage Stocks to Buy.

On May 14, 2026, Scotiabank raised the firm’s price target on Wheaton Precious Metals Corp. (NYSE:WPM) to $180 from $178 while maintaining an Outperform rating on the shares. The firm said it updated its model following the company’s Q1 results.

On May 7, 2026, Wheaton Precious Metals Corp. (NYSE:WPM) reported record quarterly revenue of $901M, record net earnings of $582M, record adjusted net earnings of $583M, and record operating cash flow of $766M. President and CEO Haytham Hodaly said the company delivered a strong start to 2026, with the Salobo and Peñasquito assets outperforming expectations and helping drive record revenue, earnings, and cash flow during the quarter.

Photo by Ashley Byrd on Unsplash

Wheaton Precious Metals Corp. (NYSE:WPM) also declared its second quarterly cash dividend for 2026 of 19.5c per common share, representing an 18% increase from the comparable dividend declared in 2025. The dividend will be paid to shareholders of record as of May 27 and is expected to be distributed on or about June 9.

Wheaton Precious Metals Corp. (NYSE:WPM) operates as a precious metals streaming company with exposure to gold, silver, palladium, platinum, and cobalt assets.

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