Key Factors
Wheaton has seen appreciable progress over the primary 9 months of 2025.
The corporate’s income, income, and EPS have grown considerably in comparison with the primary 9 months of 2024.
It has a significantly increased revenue margin than most precise gold mining firms with a lot much less danger.
- 10 shares we like higher than Wheaton Treasured Metals ›
There was a figurative gold rush surrounding synthetic intelligence (AI) shares over the previous few years, and it has seen firms like Vertiv, which builds knowledge facilities, do slightly properly for themselves.
However there has additionally been a literal gold rush prior to now 12 months. Gold is up 72.5% over the previous 12 months. There was a latest pullback, however over the previous 5 years gold is up 156%.
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Picture supply: Getty Photos.
And regardless that investing in AI has been profitable, there are affordable fears many have that we’re in a tech bubble akin to the dotcom crash of the early 2000s. Within the case of an AI crash, Vertiv and firms prefer it may not be capable to climate the storm.
And the fears of an AI bubble and the true problem of a weakening greenback are solely more likely to drive additional funding into gold.
That makes it a stable hedge towards each the potential AI bubble and a weak greenback. However many individuals haven’t got $5,000 to spend money on a single ounce of gold.
Fortuitously, Wheaton Treasured Metals (NYSE: WPM) presents a compelling and comparatively cheap different.
Do not stream The Workplace; stream gold
Wheaton is a streaming firm, simply not one like Netflix. As a substitute of streaming television exhibits, Wheaton streams gold and silver.
In nature, gold and silver might be present in deposits of copper, nickel, lead, and so forth.
Corporations set as much as mine a kind of metals aren’t essentially in a position to get return on the gold and silver discovered with them.
Enter Wheaton, which pays the mine up entrance and presents to take that gold and silver off the mine’s palms periodically at an agreed-upon worth. A brand new mine is ready to higher finance its start-up prices and it generates common revenue from metals it isn’t attempting to mine. Wheaton will get gold and silver it could possibly sit on or promote at market costs to generate income for itself.
At current, Wheaton has contracts with 23 mines and is concerned in 25 growth initiatives all over the world. It is forecasting a 40% enhance in manufacturing over the subsequent two years; with the ability to revenue from gold and silver whereas taking over not one of the dangers of working a mine is a slightly profitable technique to do enterprise.
Putting gold with out touching a pickaxe
As you may think, gold’s bull run over the previous 12 months has been nice for Wheaton, which generated $913.4 million in internet earnings for the primary 9 months of 2025, greater than double the $440.9 million it generated over the identical interval in 2024.
Earnings per share (EPS) practically doubled from $0.97 for the primary 9 months of 2024 to $1.80 for the primary 9 months of 2025.
The corporate additionally generated $1.15 billion in money from operations over the primary 9 months of 2025 in comparison with $708 million over the identical interval in 2024. That equates to an working money circulate per share of $2.55 for the primary 9 months of 2025 to $1.56 for a similar interval in 2024.
Wheaton additionally maintains a gross margin of 68.6%, an working margin of 63.5%, and a internet margin of 54.7%. Even with gold’s latest pullback, that type of profitability completely trounces the online revenue margin of 10% achieved by most gold mining firms.
If you wish to revenue from an precise gold rush versus a metaphorical one, give Wheaton a glance.
Do you have to purchase inventory in Wheaton Treasured Metals proper now?
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*Inventory Advisor returns as of February 10, 2026.
James Hires has no place in any of the shares talked about. The Motley Idiot has positions in and recommends Netflix and Vertiv. The Motley Idiot has a disclosure coverage.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
