WHEATON PRECIOUS METALS CORP (NYSE:WPM) – A High-Growth Momentum Stock with Strong Technical Setup

WHEATON PRECIOUS METALS CORP (NYSE:WPM) stands out as a compelling candidate for investors seeking high-growth momentum combined with a favorable technical setup. The company, a leading precious metals streaming firm, has demonstrated strong earnings and revenue growth while maintaining a solid technical foundation.

Growth Momentum Highlights

• Earnings Growth: WPM reported a 52.4% year-over-year EPS growth in the most recent quarter, with TTM EPS growth at 26.7%. The next quarter’s estimated EPS growth is 38.9%.
• Revenue Strength: Sales grew 58.5% year-over-year in the latest quarter, with TTM revenue growth at 32.8%.
• Profit Margins: The company maintains strong profitability, with a recent quarterly profit margin of 54%.
• Analyst Revisions: Positive revisions for next year’s EPS estimates (up 17.8% over the past three months) indicate improving sentiment.
• Free Cash Flow Growth: FCF per share surged 69.1% over the past year, reinforcing financial health.

Technical Strength & Setup

• Technical Rating (8/10): WPM’s long-term trend remains positive, and it has outperformed 93% of stocks over the past year.
• Setup Quality (7/10): The stock is consolidating near support levels, presenting a potential entry point. A recent pocket pivot signal adds to the bullish case.
• Key Levels: Support is seen between $76.50-$78.76, while resistance lies near $85.14-$85.77. A breakout above resistance could signal further upside.

For a deeper technical breakdown, review the full technical report for WPM.

Our High Growth Momentum Breakout Setups Screen provides more stocks with similar characteristics.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.