WHEATON PRECIOUS METALS CORP (NYSE:WPM) – A Strong Growth Candidate Meeting Minervini’s Criteria

WHEATON PRECIOUS METALS CORP (NYSE:WPM) has been identified by our stock screener as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company, a leading precious metals streaming firm, demonstrates strong technical and fundamental characteristics that make it an interesting candidate for growth-focused investors.

Why WPM Fits the Minervini Trend Template

Minervini’s Trend Template focuses on identifying stocks in strong uptrends with clear technical strength. WPM meets all key criteria:

• Price Above Key Moving Averages:

  • Current price ($86.62) is well above the 50-day ($79.61), 150-day ($68.73), and 200-day ($66.67) moving averages.
  • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.
  • The 150-day MA is also above the 200-day MA, reinforcing long-term strength.

• Strong Relative Strength:

  • WPM has a ChartMill Relative Strength (CRS) score of 94.57, meaning it outperforms nearly 95% of all stocks.

• Price Near 52-Week High:

  • The stock is trading within 1% of its 52-week high ($87.42), a sign of sustained momentum.
  • It has also risen 53% over the past year, well above the 30% threshold Minervini looks for.

• Trend Confirmation:

  • Both short-term and long-term trends are positive, with rising moving averages across all timeframes.

High Growth Fundamentals

Beyond technical strength, WPM exhibits strong growth metrics that appeal to momentum investors:

• Earnings Growth:

  • EPS growth (TTM) is 26.9%, with recent quarterly growth accelerating to 52.9%.
  • Analysts have revised next-year EPS estimates up by 20.5% over the past three months.

• Revenue Expansion:

  • Revenue growth (TTM) stands at 32.8%, with the latest quarter showing 58.5% year-over-year growth.

• Profitability:

  • Profit margins remain robust at 54% in the most recent quarter, up from 23.2% in the prior quarter.
  • Free cash flow per share has surged 69.1% over the past year.

• Estimate Beats:

  • WPM has beaten EPS estimates in three of the last four quarters, with an average beat of 3%.

Technical Outlook

According to ChartMill’s technical report, WPM has a perfect technical rating of 10, reflecting its strong uptrend and market leadership. However, the setup rating is currently 3, suggesting that while the stock is technically sound, it may need a consolidation phase before presenting an optimal entry point.

Key support levels to watch include:

• $78.18 - $79.61 (combination of trendlines and moving averages)
• $76.50 (horizontal support)

Resistance is noted near $86.63, which the stock is currently testing.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and momentum characteristics.

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

Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before making investment decisions.