Wheaton Precious Metals Corp Announces that President Haytham Hodaly will take over as CEO Beginning March 31, 2026

Wheaton Precious Metals Corp. (NYSE:WPM) is included among the 11 Best Mining Stocks to Buy According to Wall Street.

On February 6, 2026, Wheaton Precious Metals Corp. (NYSE:WPM) announced a leadership transition as part of its succession plan. President Haytham Hodaly will take over as Chief Executive Officer, succeeding co-founder Randy Smallwood, who will step down after more than 15 years in the role and become non-executive Chair of the Board. The changes take effect March 31, 2026. As part of the transition, current Chair George Brack will move into the role of Lead Independent Director, while Hodaly will join the board alongside his move to President and CEO.

Earlier, on February 4, 2026, CIBC analyst Cosmos Chiu raised the firm’s price target on Wheaton Precious Metals Corp. (NYSE:WPM) to C$215 from C$175 and reiterated an Outperformer rating. The revision came as part of a broader update across the precious metals sector after CIBC lifted its gold price assumptions to $6,000 per ounce in 2026 and $6,500 in 2027, alongside higher copper forecasts. The firm said the demand drivers that supported the sector in 2025 remain intact heading into 2026, though it flagged rising geopolitical uncertainty as a key backdrop.

Wheaton Precious Metals Corp. (NYSE:WPM) operates a streaming-focused model, generating revenue primarily from gold and silver, with additional exposure to palladium, platinum, and cobalt through assets spanning North America, Europe, Africa, and South America.

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 Mining Stocks to Buy According to Wall Street and 10 Most Profitable Undervalued Stocks to Buy

Disclosure: None.