Wheaton Precious Metals Corp. (NYSE:WPM) Fits Mark Minervini’s High-Growth Momentum Strategy with Strong Technical and Fundamentals

Wheaton Precious Metals Corp. (NYSE:WPM) has been recognized as a potential option for investors using Mark Minervini’s high-growth momentum strategy, which blends strict technical and fundamental requirements. The strategy targets stocks showing clear upward trends (Stage 2) with improving earnings and revenue growth, ensuring they meet both technical and fundamental standards.

Minervini’s method highlights the value of relative strength, moving average consistency, and price momentum, while the high-growth momentum (HGM) filter confirms the company’s solid financial results. Below, we explore why WPM fits this model.

Why WPM Fits the Minervini Trend Template

The Trend Template helps spot stocks in clear upward trends by evaluating key technical signals. WPM meets all essential conditions:

1. Price Above Key Moving Averages

   • Current price ($97.51) is higher than the 50-day ($91.59), 150-day ($79.02), and 200-day SMA ($74.75).
   • The 50-day SMA is above both the 150-day and 200-day SMAs, confirming a positive trend.

2. Rising Moving Averages

   • The 200-day SMA has increased for at least a month (from $74.59 to $74.75), supporting a long-term upward trend.

3. Strong Relative Strength

   • WPM’s relative strength (CRS) is 92.03, meaning it performs better than 92% of all stocks, a sign of market leadership.

4. Price Close to 52-Week High

   • The stock is within 6% of its 52-week high ($103.81) and 76% above its 52-week low ($55.47), showing steady upward movement.

These factors match Minervini’s view that top-performing stocks maintain strong technical conditions before advancing further.

High Growth Momentum Fundamentals

Beyond technicals, WPM shows improving growth metrics, a key part of Minervini’s SEPA (Specific Entry Point Analysis) approach:

• Earnings Growth

  • EPS grew 48.2% YoY (TTM) and 91.5% last quarter (Q2Q).
  • Quarterly EPS growth has increased sequentially (20.9%, 25.7%, 52.9%, 91.5%).

• Revenue Growth

  • Revenue rose 46.8% YoY (TTM) and 68.3% last quarter.
  • Quarterly sales growth has also improved (21.4%, 38.1%, 58.5%, 68.3%).

• Profit Margins Expanding

  • Latest quarterly profit margin: 58.1%, up from 54.0% in the prior quarter.

• Positive Earnings Surprises

  • Beat EPS estimates in 3 of the last 4 quarters, averaging a 4.5% surprise.

These fundamentals indicate institutional interest, a key element in Minervini’s strategy, as earnings momentum often leads to further price gains.

Technical Analysis Summary

ChartMill’s technical report gives WPM a perfect 10/10 for technical strength, noting:

• Clear upward trends in both short- and long-term periods.
• Support levels at $90.84–$92.44 (combination of moving averages and trendlines).
• High liquidity (avg. volume: 1.87M shares/day).

The only note of caution is the medium setup rating (5/10), suggesting volatility may require patience for the best entry point.

Conclusion

Wheaton Precious Metals Corp. (WPM) aligns well with Minervini’s high-growth momentum strategy, combining a solid technical base with improving earnings and revenue growth. While the stock’s recent volatility demands careful timing for entry, its strong trend and fundamentals make it a noteworthy option for further review.

For more high-growth momentum stocks matching the Trend Template, check our predefined screen.

Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.