Wheaton has rights to buy troves of gold and silver from mines around the world at discounts of up to 82%. The company expected these streams to produce 600,000 to 670,000 gold equivalent ounces (GEOs) in 2025, with production expected to grow to 870,000 GEOs by 2029 and to an average of 950,000 GEOs annually from 2030 to 2034. The company's streams produce significant cash flow, which Wheaton uses to invest in new ones and pay a sustainable and progressive dividend.
Cyborg Score Rationale
CIBC lifted its gold price assumptions to $6,000 per ounce in 2026 and $6,500 in 2027, with demand drivers that supported the sector in 2025 remaining intact heading into 2026, though geopolitical uncertainty remains a backdrop. Wheaton was named to Corporate Knights' 2026 Global 100 Most Sustainable Corporations list for the third consecutive year. Recent leadership transition and strong analyst upgrades support forward momentum.
Top Insights
Leadership transition: Haytham Hodaly becomes CEO effective March 31, 2026, succeeding co-founder Randy Smallwood
CIBC raised price target to C$215 from C$175 with Outperformer rating on gold assumptions of $6,000/oz in 2026
Zacks upgraded WPM to strong-buy rating in January 2026
Wheaton has outperformed both gold and silver over one-year, three-year, five-year, and 10-year periods as of early 2026
Named Competitors
Franco-Nevada — Diversified gold-focused royalty and streaming company with 434+ assets globally
Hecla Mining Company — Producer and explorer of primary silver mines with gold by-product
Pan American Silver — Pure-play silver mining company with diversified portfolio
Recent Developments
(February 2026) CEO transition announced: Haytham Hodaly to take over from Randy Smallwood effective March 31, 2026
(February 2026) CIBC raises price target to C$215 on elevated gold price forecasts ($6,000/oz 2026, $6,500/oz 2027)
(January 2026) Named to Corporate Knights' 2026 Global 100 Most Sustainable Corporations for third consecutive year
(January 2026) Zacks Research upgraded rating to strong-buy
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