WHEATON PRECIOUS METALS CORP (NYSE:WPM) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company, a leader in precious metals streaming, 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 strategy focuses on stocks exhibiting strong uptrends, supported by price action, moving averages, and relative strength. WPM meets these criteria:
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Price Above Key Moving Averages:
- Current price ($91.25) is above the 50-day ($83.99), 150-day ($71.23), and 200-day ($69.10) moving averages.
- The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.
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Upward-Trending Averages:
- The 150-day and 200-day MAs are rising, reinforcing long-term strength.
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Strong Relative Strength:
- WPM’s relative strength score of 94.1 indicates it outperforms 94% of all stocks.
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Price Near 52-Week High:
- Trading at $91.25, WPM is within 4% of its 52-week high ($95.23), a sign of sustained momentum.
High Growth Fundamentals
Beyond technical strength, WPM shows robust growth metrics:
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Earnings Growth:
- EPS (TTM) grew 26.9% YoY, with recent quarterly EPS growth of 52.9%.
- Analysts have raised next-year EPS estimates by 20.5% over the past three months.
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Revenue Expansion:
- Revenue (TTM) increased 32.8% YoY, with last quarter’s sales up 58.5%.
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Profitability:
- Profit margins remain strong at 54.0% in the latest quarter.
- Free cash flow per share grew 69.1% YoY, indicating healthy cash generation.
Technical Outlook
According to ChartMill’s technical report, WPM scores a perfect 10/10 on technical health, supported by:
- A bullish flag pattern, suggesting potential continuation.
- Strong support levels between $82.61 and $88.61.
- Resistance near $91.41–$92.75, with a breakout above $92.76 potentially signaling further upside.
For a deeper analysis, review the full technical report here.
Our High Growth Momentum + Trend Template screener lists more stocks meeting these criteria.
Disclaimer
This is not investment advice. Always conduct your own research before making investment decisions.
