May. 8 at 8:32 PM
$WPM "Wheaton Precious Metals (WPM) shares are up roughly 5.5% to
$138.85 today following a record-breaking Q1 2026 earnings report that significantly outpaced Wall Street estimates.
Record Q1 Earnings: WPM reported adjusted earnings of
$1.28 per share, beating the consensus estimate of
$1.21–
$1.25. This marks a 132% increase from the
$0.55 reported in the same quarter last year.
Revenue rose 92% year-over-year to
$901.5 million, exceeding expectations of roughly
$880 million. This growth was primarily driven by a 98% increase in the average realized gold equivalent price.
The company generated a record
$766 million in operating cash flow, up 112% year-over-year.
Investors reacted positively to the execution of WPM's largest-ever streaming deal at the Antamina mine, which began contributing to production on April 1, 2026.
The outlook for Wheaton is exceptionally strong, characterized by aggressive production targets and high margins. PT
$176"
