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 high-growth momentum investors, combining strong earnings momentum with a technically sound chart pattern. The company, a leader in precious metals streaming, has demonstrated accelerating growth while maintaining a robust technical uptrend.

Growth Momentum Highlights

• Earnings Growth: WPM reported a 52.9% year-over-year EPS growth in the most recent quarter, with next-quarter estimates pointing to a further 58.3% increase.
• Revenue Expansion: Sales grew 58.5% in the latest quarter, building on a 38.1% increase in the prior quarter.
• Free Cash Flow Surge: FCF per share rose 69.1% over the past year, reflecting strong cash generation.
• Analyst Upgrades: EPS estimates for the next fiscal year have been revised upward by 20.5% in the last three months.
• Profit Margins: Despite some quarterly fluctuations, the trailing twelve-month profit margin remains healthy at 41.2%.

Technical Strength

WPM holds a perfect 10/10 Technical Rating, supported by:

• A sustained uptrend in both short-term and long-term timeframes.
• Strong relative strength, outperforming 93% of stocks over the past year.
• Trading near the upper end of its 52-week range, with key support levels at $84.78 and $78.50.

Setup Quality

The stock has an 8/10 Setup Rating, indicating:

• A consolidation phase with reduced volatility, offering a potential entry point.
• A bull flag pattern, suggesting a continuation of the upward trend.
• Resistance near $91.70, with a breakout above this level potentially signaling further gains.

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

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

Disclaimer

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