Scotiabank reiterates Wheaton Precious Metals stock rating at Sector Outperform
Scotiabank maintained its Sector Outperform rating and $175 price target for Wheaton Precious Metals (WPM) after its investor day. The company reported record Q2 2026 revenue of $929 million, up 85% YoY, but EPS missed estimates at $1.19. WPM aims for 1M+ gold equivalent ounces by 2030, with 86% gross margins and 16 years of dividend payments. InvestingPro suggests the stock is overvalued.




