Wheaton Precious Metals Corp. (WPM) Experiences Strong Momentum, Scotiabank Raises PT

With strong year-to-date gains and significant hedge fund interest, Wheaton Precious Metals Corp. (NYSE:WPM) secures a spot on our list of the 10 Unstoppable Canadian Stocks to Buy Now.

Scotiabank increased its price target on Wheaton Precious Metals Corp. (NYSE:WPM) from $108 to $109 on August 12, 2025, maintaining a ‘Sector Outperform’ rating, following the company’s strong momentum. While returning 66.41% on a YTD basis, the company boosted investor confidence with its 46.8% revenue growth and an 83.8% gross profit margin.

Furthermore, the investment firm cited the de-risking of its key development projects, including Goose, Blackwater, Mineral Park, and Platreef. These projects are expected to add 20-25 thousand gold equivalent ounces this year, supporting 2025 guidance. Moreover, Wheaton Precious Metals Corp. (NYSE:WPM)’s available liquidity of $2.3 billion strengthened investor confidence.

Wheaton Precious Metals Corp. (NYSE:WPM) is focused on the production and sale of gold, silver, palladium, platinum, and cobalt across global markets. It is one of the unstoppable stocks.

While we acknowledge the potential of WPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 11 Best Gold Penny Stocks to Buy According to Hedge Funds and 11 Best Rebound Stocks to Buy According to Hedge Funds.

Disclosure: None.