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:
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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.
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Strong Relative Strength:
- WPM has a ChartMill Relative Strength (CRS) score of 94.57, meaning it outperforms nearly 95% of all stocks.
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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.
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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:
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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.
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Revenue Expansion:
- Revenue growth (TTM) stands at 32.8%, with the latest quarter showing 58.5% year-over-year growth.
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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.
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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.
