Wheaton Precious Metals Corp Stock (WPM) Closed Down by 5.11% on Sep 28: What Investors Need To Know - TradingKey

AI desk brief

Wheaton Precious Metals (WPM) fell 5.11% as the mineral resources sector dropped 2.28%, with the article blaming a sharp pullback in gold and silver, a stronger U.S. dollar, and elevated Treasury yields. It says the move also reflected hawkish central bank commentary and quarter-end rebalancing out of commodity-linked equities, pressuring streamers and miners across the board.

The piece argues WPM’s asset-light streaming model cushions long-term operating risk, but near-term revenue and cash flow remain highly sensitive to spot metal prices because its contracts are tied to physical gold and silver realizations. Analysts still have a Buy bias, with an average target of $175.67 (high $250, low $149.87), but EPS estimates were trimmed from $1.05 to $1.00, reinforcing short-term valuation pressure.