With an impressive short percentage of shares outstanding of 0.77%, Wheaton Precious Metals Corp. (NYSE:WPM) is among the 10 Best Gold Mining Stocks to Buy as Central Banks Buy Bullion.
Wheaton Precious Metals Corp. (NYSE:WPM) announced on May 8 that it had declared its second quarterly cash dividend payment for 2026 of $0.195 per common share, representing an 18% increase over the comparable quarterly dividend paid in 2025. The dividend will be distributed to shareholders of record as of May 27 and will be paid on or about June 9. The increase reflects the company’s continued strong cash generation and management’s confidence in its long-term financial position. amid favorable precious metals prices.
Previously on April 2, Berenberg lowered his price target for Wheaton Precious Metals Corp. (NYSE:WPM) to 11,200 GBp from 13,000 GBp, while maintaining a Buy rating on the stock. Despite the target reduction, the firm continued to express optimism regarding the company’s long-term streaming model, which provides leveraged exposure to gold and silver prices without many of the capital and operational risks faced by traditional mining operators.
Founded in 2004 and headquartered in Vancouver, Wheaton Precious Metals Corp. (NYSE:WPM) is one of the largest precious metals streaming companies in the world. The company offers upfront financing to mining operators in exchange for the right to purchase future production of gold, silver, palladium and cobalt at fixed, discounted prices. This business model allows Wheaton to maintain exposure to commodity price appreciation while benefiting from relatively predictable operating costs.
The company’s growing dividend and resilient streaming model may continue to attract investors seeking precious metals exposure with lower direct mining risk, positioning it among the best gold mining stocks to buy.
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