Canada's Wheaton Precious Metals Q3 revenue jumps on higher gold prices

Wheaton Precious Metals

07/11/2025 24:34

Overview

Wheaton Precious Metals' Q3 revenue reaches $476 mln, driven by higher gold prices

Net earnings for Q3 hit record $367 mln, reflecting strong operational performance

Company announces gold stream transaction on Hemlo Mine, enhancing asset portfolio

Outlook

Wheaton maintains 2025 production guidance at 600,000 to 670,000 GEOs

Annual production forecast to increase by 40% to 870,000 GEOs by 2029

Result Drivers

PRODUCTION GROWTH - Increased production led by stronger output at Salobo and Antamina mines

SALES VOLUMES - A 12.5% YoY increase in gold equivalent ounces sold to 137,563 GEOs contributed to top-line growth

HIGHER GOLD PRICES - Revenue increase driven by 37% YoY rise in average realized gold equivalent price

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$476.26 mln
Q3 Adj EPS
$0.62
Q3 Net Income
$367.22 mln
Q3 Basic EPS
$0.81
Q3 EBIT
$315.51 mln
Q3 Pretax Profit
$412.62 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Wheaton Precious Metals Corp is C$161.05, about 15.6% above its November 6 closing price of C$135.99

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nCNWqL2jja

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)