Wheaton Precious Metals Corp. sells precious metals in North America, Europe, Africa, and South America. The company primarily produces and sells gold, silver, palladium, Platinum, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered …
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 72.2% (top 12%) and operating margin at 68.3% (top 5%) indicate strong pricing power.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.83), demonstrating pricing resilience across cycles.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Wheaton Precious Metals Corp ranks #2 of 49
scored companies in Gold by moat score — the top 4%.
The widest moat in the group is Agnico Eagle Mines Limited (AEM)
at 78/100.
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 80
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 70
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 74
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 85
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 65
· 15% of the moat score
Scale matters only when it converts into economics.
What is Wheaton Precious Metals Corp's moat score?
Wheaton Precious Metals Corp (WPM) scores 78 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #2 of 49 scored companies in Gold, the top 4%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Gold. Its strongest defense is Pricing Power (88/100) and its weakest is Scale & Market Position (65/100).
How does Wheaton Precious Metals Corp compare with other Gold companies?
Wheaton Precious Metals Corp ranks #2 of 49 scored companies in Gold by moat score. The widest moat in Gold is Agnico Eagle Mines Limited (AEM) at 78/100. The companies ranked closest are Agnico Eagle Mines Limited (AEM) at 78 just above it and DRDGOLD Limited (DRD) at 75 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Gold. The defenses are then weighted to produce the overall score out of 100.
Why is Wheaton Precious Metals Corp scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Wheaton Precious Metals Corp?
The Corporate Default template measures 6 defenses, and WPM scores: Pricing Power (88), Cost Advantage (80), Customer Stickiness (70), Capital Efficiency (74), Resilience (85), Scale & Market Position (65). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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