The Globe and Mail reports in its Thursday, Dec. 11, edition that RBC Capital Markets analyst Josh Wolfson has upgraded Wheaton Precious Metals to "outperform" from "sector perform." The Globe's David Leeder writes that Mr. Wolfson share target advanced $15 to $130 (all figures U.S.). Analysts on average target the shares at $135.15. Mr. Wolfson says in a note: "High investment in prior years will begin to bear fruit over 2026. In recent years, Wheaton has completed a high volume of stream transactions on new development projects. While growth realized to date has been limited, we forecast ramp-ups over 2026 will begin to culminate in high and consistent sequential annual growth over 2027-2031. As compared to 2025E GEO production of 655koz, we forecast Wheaton is positioned to deliver growth in excess of 45 per cent by 2030, the highest across the royalty group. We view Wheaton's valuation as undemanding today in spite of this upside that is now closer in sight, plus the company disproportionately benefits from rising silver prices. ... Key growth contributors include a lengthy list of ramp-ups and projects, most notably Blackwater, Copper World, El Domo, Fenix, Kone, Kurmuk, Platreef, Santo Domingo and Spring Valley."
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