WPM
Wheaton Precious Metals Corp. Materials - Precious Metals Streaming Investor Relations →
Wheaton Precious Metals Corp. (WPM) closed at $114.62 as of 2026-03-20, trading 83.3% above its 200-week moving average of $62.53. The stock is currently moving closer to the line, down from 125.0% last week. The 14-week RSI sits at 49, indicating neutral momentum.
A big spike in selling this week — 2.1x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 1032 weeks of data, WPM has crossed below its 200-week moving average 17 times. On average, these episodes lasted 16 weeks. Historically, investors who bought WPM at the start of these episodes saw an average one-year return of +23.0%.
With a market cap of $52.2 billion, WPM is a large-cap stock. The company generates a free cash flow yield of 0.1%. Return on equity stands at 18.5%, a solid level. The stock trades at 6.0x book value.
WPM passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 19.8 years, a hypothetical investment of $100 in WPM would have grown to $1470, compared to $737 for the S&P 500. That represents an annualized return of 14.5% vs 10.6% for the index — confirming WPM as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: WPM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After WPM Crosses Below the Line?
Across 17 historical episodes, buying WPM when it crossed below its 200-week moving average produced an average return of +28.2% after 12 months (median +13.0%), compared to +12.4% for the S&P 500 over the same periods. 88% of those episodes were profitable after one year. After 24 months, the average return was +95.4% vs +25.7% for the index.
Each line shows $100 invested at the moment WPM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
WPM has crossed below its 200-week MA 17 times with an average 1-year return of +23.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 2008 | Aug 2008 | 2 | 5.6% | -7.0% | +1219.0% |
| Sep 2008 | May 2009 | 38 | 73.0% | +18.8% | +1319.0% |
| Jun 2009 | Aug 2009 | 11 | 27.3% | +93.0% | +1278.1% |
| Apr 2013 | Jun 2016 | 168 | 54.3% | -14.4% | +412.5% |
| Nov 2016 | Jan 2017 | 8 | 14.8% | +14.1% | +622.0% |
| Feb 2017 | Mar 2017 | 3 | 3.5% | +1.0% | +563.4% |
| May 2017 | May 2017 | 1 | 2.2% | +11.3% | +559.8% |
| Jun 2017 | Jun 2017 | 1 | 3.5% | +18.0% | +570.1% |
| Jul 2017 | Jul 2017 | 2 | 3.8% | +21.7% | +575.4% |
| Jul 2017 | Aug 2017 | 4 | 3.7% | +10.3% | +555.0% |
| Sep 2017 | Oct 2017 | 2 | 2.1% | -10.4% | +562.7% |
| Feb 2018 | Feb 2018 | 1 | 1.8% | +14.5% | +567.2% |
| Feb 2018 | Mar 2018 | 1 | 0.1% | +12.8% | +556.8% |
| Aug 2018 | Dec 2018 | 17 | 16.5% | +46.5% | +582.7% |
| Jul 2022 | Nov 2022 | 17 | 15.1% | +34.3% | +251.8% |
| Oct 2023 | Oct 2023 | 1 | 1.3% | +53.6% | +193.9% |
| Feb 2024 | Feb 2024 | 1 | 4.9% | +72.6% | +191.9% |
| Average | 16 | — | +23.0% | — |
Frequently Asked Questions
Is WPM below its 200-week moving average?
No. Wheaton Precious Metals Corp. (WPM) is currently 83.3% above its 200-week moving average of $62.53. It would need to fall to $62.53 to cross below the line.
What is WPM's 200-week moving average price?
Wheaton Precious Metals Corp.'s 200-week moving average is $62.53 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when WPM drops below its 200-week moving average?
WPM has crossed below its 200-week moving average 17 times in our data. On average, buying at that moment produced a one-year return of +23.0%. These dips have historically been decent entry points. These episodes lasted 16 weeks on average.
Is WPM a good value right now?
Here's what our data says about WPM as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 49. Free cash flow yield is 0.1%. Return on equity is 18.5%. Price-to-book is 6.0x. This is not a buy or sell recommendation — always do your own research.
How does WPM compare to the S&P 500?
Over the past 19.8 years, $100 invested in WPM would have grown to $1470, compared to $737 for the S&P 500. That's 14.5% annualized vs 10.6% for the index. WPM has outperformed the broader market over this period.
Does WPM pay a dividend?
Yes. Wheaton Precious Metals Corp. currently pays a dividend yield of 68.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20