---
title: "Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Wheaton Precious Metals"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285843391.md"
description: "CFRA maintains a Strong Buy opinion on Wheaton Precious Metals (WPM), raising the 12-month target by CAD8 to CAD289. This adjustment reflects a lower P/E multiple of 30.0x due to margin compression. WPM reported record Q1 2026 results with revenue of USD901M (+92% Y/Y) and operating cash flow of USD766M (+112% Y/Y). The company also completed a significant USD4.3B transaction, increasing its Antamina silver production exposure. WPM projects production growth to 1.2M GEOs by 2030, maintaining guidance of 860k-940k GEOs for 2026."
datetime: "2026-05-10T13:25:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285843391.md)
  - [en](https://longbridge.com/en/news/285843391.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285843391.md)
---

# Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Wheaton Precious Metals

09:25 AM EDT, 05/10/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target by CAD8 to CAD289, the result of moving our multiple forward one year to 2027 mostly offset by assuming a lower P/E multiple of 30.0x (from 35.0x previously), due to margin compression across the precious metals miners. Our assumed multiple of 30.0x is below WPM's two-year avg. fwd. P/E of 35.1x but above peers' avg. fwd. P/E of 23.3x. We trim our 2026 EPS estimate by USD0.05 to USD5.81 and keep 2027's at USD7.03. WPM delivered record Q1 2026 results with revenue of USD901M (+92% Y/Y) and operating cash flow of USD766M (+112% Y/Y), driven by strong commodity prices and solid production from Salobo and Penasquito. WPM closed its largest-ever transaction - the USD4.3B Antamina BHP silver stream - on April 1, 2026, doubling its Antamina exposure to 67.5% of silver production. WPM maintains its 2026 production guidance of 860k-940k GEOs and projects industry-leading growth of ~50% to 1.2M GEOs by 2030, supported by multiple development projects advancing through construction.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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