Wheaton Precious Metals Corp
NYSE:WPM

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Wheaton Precious Metals Corp
NYSE:WPM
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Price: 57.11 USD 0.37% Market Closed
Market Cap: 25.9B USD
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Gross Margin
Wheaton Precious Metals Corp

60.2%
Current
55%
Average
17.7%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
60.2%
=
Gross Profit
732.4m
/
Revenue
1.2B

Gross Margin Across Competitors

Country CA
Market Cap 37.3B CAD
Gross Margin
60%
Country RU
Market Cap 70.4T USD
Gross Margin
62%
Country ZA
Market Cap 229.8B Zac
Gross Margin
37%
Country ZA
Market Cap 98B Zac
Gross Margin
28%
Country CN
Market Cap 399.2B CNY
Gross Margin
17%
Country US
Market Cap 43.8B USD
Gross Margin
48%
Country CA
Market Cap 56.4B CAD
Gross Margin
60%
Country CA
Market Cap 38.8B CAD
Gross Margin
34%
Country CA
Market Cap 32.1B CAD
Gross Margin
66%
Country RU
Market Cap 1.8T RUB
Gross Margin
70%
Country CN
Market Cap 104B CNY
Gross Margin
14%
No Stocks Found

Wheaton Precious Metals Corp
Glance View

Market Cap
25.9B USD
Industry
Metals & Mining
Economic Moat
Narrow

Wheaton Precious Metals Corp. has carved a unique niche in the mining industry, standing out not as a traditional miner but as a streaming company, which is a distinguishing feature of its business model. Founded in 2004, Wheaton's business strategy revolves around purchasing precious metals production from mining operations around the world. The company negotiates these streaming agreements to acquire the right to purchase all or a part of the precious metals produced by the mining operations at a predetermined price, providing the miners with upfront capital for their projects. This arrangement allows Wheaton to focus on purchasing metals instead of getting involved in exploration or operational concerns, thus mitigating some of the inherent risks of mining. The company's income primarily flows through the streamlining agreements, benefiting from the difference between its low fixed costs and prevailing market prices for gold, silver, and other precious metals. By purchasing production at reduced rates—often well below market value—Wheaton locks in significant profit margins, especially during periods of rising commodity prices. Importantly, this model allows Wheaton to maintain a diversified portfolio of streams, reducing single-mine risk and ensuring stable cash flows. This unique setup has allowed Wheaton to consistently deliver strong financial results, appealing to investors who favor precious metal exposure without the operational complexities typical of mining ventures.

WPM Intrinsic Value
23.54 USD
Overvaluation 59%
Intrinsic Value
Price

See Also

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
60.2%
=
Gross Profit
732.4m
/
Revenue
1.2B
What is the Gross Margin of Wheaton Precious Metals Corp?

Based on Wheaton Precious Metals Corp's most recent financial statements, the company has Gross Margin of 60.2%.