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

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:

• 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.

• Upward-Trending Averages:

  • The 150-day and 200-day MAs are rising, reinforcing long-term strength.

• Strong Relative Strength:

  • WPM’s relative strength score of 94.1 indicates it outperforms 94% of all stocks.

• 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:

• 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.

• Revenue Expansion:

  • Revenue (TTM) increased 32.8% YoY, with last quarter’s sales up 58.5%.

• 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.