Wheaton Precious Metals Shares Are Cheaper Than Before Silver's Surge: Here's Why
2026-02-07 12:05:00 ET
Amid all the volatility silver prices have seen in 2026, they are still up by double digits for the year as of early February. Shares of Wheaton Precious Metals (NYSE: WPM) are up 11.4% year to date, and zooming out over the last 12 months, they have returned 98%.
Looking at the precious metals company's rise, it's natural to wonder if its rally is over. The stock's price-to-earnings (P/E) ratio of 59 certainly makes it look expensive at first glance, considering that the average S&P 500 company is priced far more cheaply with a P/E ratio of 29.6. '
Yet there's one good reason to think that this stock is actually much cheaper than it appears. Not only that, it's even cheaper than it was a year ago, before its near-100% rally.
NASDAQ: WPM
WPM Trading
-2.89% G/L:
$142.001 Last:
1,159,324 Volume:
$145.60 Open:
