- Wheaton Precious Metals (WPM) last closed down 1.2% at $117.52 in the year’s final session. Yahoo Finance
- U.S. stock markets are closed on Thursday for New Year’s Day. AP News
- Gold rose 66% and silver gained 161% in 2025, leaving bullion-linked stocks sensitive to early-2026 macro signals. Reuters
Wheaton Precious Metals Corp shares (WPM) last closed down 1.2% at $117.52 on Wednesday, with U.S. markets shut on Thursday for New Year’s Day. Yahoo Finance
The late-year dip followed profit-taking across precious metals after a standout 2025, when gold climbed 66% and silver gained 161%, Reuters reported. Reuters
That matters for Wheaton because it is a precious-metals streamer: it finances mines in exchange for the right to buy a portion of production at preset prices, tying results closely to swings in gold and silver.
Gold prices softened into the year-end close, with spot gold around $4,319.82 an ounce on Dec. 31, down about 0.4% on the day, Trading Economics data showed. Trading Economics
In Canada, mining stocks dragged on the TSX in the final session of 2025 as gold and silver prices slipped, and the materials and gold sub-indexes both fell 0.5%, Reuters reported. Reuters
“Demand for metals is looking solid from both an industrial and retail perspective,” Tim Waterer, chief market analyst at KCM Trade, said, adding that “the key fundamental drivers … remain intact.” Reuters
A lower-rate backdrop is central to that thesis. Gold is often supported when rates fall because it reduces the opportunity cost of holding non-yielding assets, and Wheaton’s streaming model can magnify the effect on cash generation when bullion rises. Reuters
Wheaton’s closest listed peers moved in step with the sector: Franco-Nevada (FNV) was down 0.5% and Royal Gold (RGLD) fell 1.2% in the latest session, according to market data.
Macro signals remain the near-term catalyst. The Federal Reserve next meets on Jan. 27-28, after minutes from its December meeting underscored debate over the outlook, Reuters reported. Reuters
Before the next session, traders will watch whether bullion extends its year-end consolidation when U.S. markets reopen on Friday. NBC Los Angeles
The first scheduled data flashpoint is the U.S. employment report on Jan. 9, a release that can quickly move Treasury yields and the dollar—two key drivers for gold-linked equities. Bureau of Labor Statistics
On the chart, Wheaton remains above its 50-day moving average near $106.73 and 200-day average near $95.43, levels traders use as a quick read on short- and long-term trend, Barchart data showed. Barchart
The stock also sits within reach of a 52-week high of $124.30 after gaining about 110% over the past year, leaving investors alert for any shift in the metal cycle early in 2026. Barchart
