Rockcliffe Capital Initiates Research Coverage on Wheaton Precious Metals Corp. (NYSE/TSX: WPM)
Following extensive operational and fundamental analysis, Rockcliffe Capital's research team highlights Wheaton's unique position in the global metals streaming sector, underpinned by a low- risk, high-return growth model and industry-leading margins.
'Wheaton delivers record financial results with exceptionally clean leverage and a rich growth runway,' said Felix Gelt, Managing Director of Research at Rockcliffe Capital. 'The Q1 beat — driven by $470 M in revenue, $254 M net earnings, and $361 M operating cash flow — underscores the strength of its streaming model and disciplined approach to capital deployment.'
Investment Thesis Highlights:
Valuation & Target:
Rockcliffe Capital's internal base-case scenario supports a 12-month share price target of US$155, reflecting 2026 estimated valuation multiples of 18–20× forward earnings and 12–14× EV/FCF. This view reflects Wheaton's forecast margin expansion, low capital intensity, and a strong path to cash accretion from its next wave of producing assets.
Risk Factors:
About Rockcliffe Capital
Rockcliffe Capital's Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions.
Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership.
Please contact
research@rockcliffe.capital
for access to our full research suite and initiation reports.
Media Contact
Rockcliffe Capital
Research & Markets Division
research@rockcliffe.capital
+1 (416)-642-1967
This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities mentioned.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
11 minutes ago
- Bloomberg
US and China Are Expected to Extend Trade Truce by 90 Days, SCMP Says
US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported, citing unnamed sources. The two countries will not impose additional tariffs on each other during the extension, one of the sources told the newspaper. The current pause was to end Aug. 12.
Yahoo
38 minutes ago
- Yahoo
'Haves and have-nots': The stock market thinks more consumers are reaching a breaking point
Consumer stocks are falling out of favor with US investors. While the benchmark S&P 500 (^GSPC) is trading at record highs and up nearly 10% year to date, the Consumer Discretionary (XLY) sector, often viewed as a bellwether for household health, is trailing far behind. The sector is up a modest 0.3% this year, making it second-worst-performing sector in the S&P 500 this year, ahead of only Health Care (XLV). High interest rates, shifting spending patterns, and economic uncertainty have weighed heavily on the group, which houses recognizable names like Nike (NKE), Target (TGT), and Home Depot (HD), as well as Magnificent Seven giants Tesla (TSLA) and Amazon (AMZN). "I still think that we have a bit of a K-shaped economy," Charles Schwab's Liz Ann Sonders told Yahoo Finance on Wednesday, pointing to the growing disparity between high- and low-income households. "You're seeing it in a lot of the travel-related stocks with concerns particularly around lower-end income consumers. ... It's the haves and have-nots, both at the consumer level and the stock level." This week's earnings added fresh weight to that thesis. Chipotle (CMG) shares sank double digits after the company reported a larger-than-expected drop in same-store sales and traffic, slashing its full-year outlook. Hilton (HLT) also fell after reporting a decline in US room revenue that weighed on sentiment, and Hasbro (HAS) slid after warning of continued promotional pressure and delaying product rollouts due to consumer price sensitivity. Eric Freedman, chief investment officer at US Bank Asset Management Group, said the recent moves reflect a bifurcated consumer landscape and that companies catering to more price-sensitive shoppers will need to work harder to capture demand. "This is a hyper-promotional environment to get people, especially lower-income and lower-middle-income consumers, to spend money," he told Yahoo Finance. "You have to be out with deals." Airlines, which are housed in the Industrials sector but have significant consumer exposure, have also suggested a softer spending environment in recent reports. American Airlines (AAL) stock fell after CEO Robert Isom echoed the weakness seen by peer Southwest (LUV), citing softer domestic travel demand last quarter. "Let's face it, the domestic network has been under stress because of the uncertainty in the economy and the reluctance of domestic passengers to get in the game," Isom said on Thursday. Meanwhile, companies catering to wealthier consumers have held up far better. JPMorgan (JPM) and American Express (AXP) both pointed to continued strength in consumer spending, particularly among higher-income households. Notably, their stocks, along with the broader Financials (XLF) sector, have outperformed since the April bottom. Bank of America data shows Industrials and Financials drew the largest inflows last week, underscoring investor appetite for cyclical names with strong earnings momentum. Consumer Discretionary, meanwhile, saw the biggest outflows. Still, with risk-on sentiment rippling through markets, from surging crypto bets to the return of the meme trade, even some of 2025's laggards could be poised for a second look. In a note to clients on Tuesday, Bespoke Investment Group flagged 21 S&P 500 stocks — including Consumer Discretionary names Tesla (TSLA), D.R. Horton (DHI), Caesars Entertainment (CZR), and Mohawk Industries (MHK) — that are down 30% or more from their 52-week highs, yet are trading above rising 50-day moving averages. That signals some beaten-down names may be starting to build short-term momentum, even as longer-term pressures persist. The outlook for consumers, however, remains fragile. "Consumer spending is down but not out," Oxford Economics deputy chief US economist Michael Pearce wrote following June's stronger-than-expected retail sales report last week. "The first half of the year was one to forget for most consumer-facing firms, and we expect there is a bit more pain to come before conditions begin to improve heading into 2026." Allie Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at Sign in to access your portfolio
Yahoo
38 minutes ago
- Yahoo
Labcorp Holdings Second Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags
Labcorp Holdings (NYSE:LH) Second Quarter 2025 Results Key Financial Results Revenue: US$3.53b (up 9.5% from 2Q 2024). Net income: US$237.9m (up 16% from 2Q 2024). Profit margin: 6.7% (up from 6.4% in 2Q 2024). The increase in margin was driven by higher revenue. EPS: US$2.85 (up from US$2.44 in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Labcorp Holdings Revenues Beat Expectations, EPS Falls Short Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 12%. Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Healthcare industry in the US. Performance of the American Healthcare industry. The company's shares are up 8.7% from a week ago. Risk Analysis You should learn about the 2 warning signs we've spotted with Labcorp Holdings. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
