WHEATON PRECIOUS METALS CORP (NYSE:WPM) Emerges as a High-Growth Momentum Leader

WHEATON PRECIOUS METALS CORP (NYSE:WPM) has appeared as a notable option for investors using a disciplined growth and momentum strategy. The selection method uses Mark Minervini's strict Trend Template with a High Growth Momentum (HGM) screen, concentrating on companies displaying both sound technical condition and improving fundamental performance. This two-part method aims to find market leaders early in their growth path, where solid trends are backed by good earnings and sales increases.

Technical Condition and Trend Template Conformity

Wheaton Precious Metals displays a nearly perfect match with the Minervini Trend Template, a structured way to find stocks in solid upward trends. The template's standards are made to select for securities where buyers have clear command across different time periods.

The stock's technical setup is especially sound:

• The present price is positioned well above all main moving averages (50-day, 150-day, and 200-day).
• All main moving averages are moving upwards, confirming continued buying interest.
• The 50-day moving average is located above both the 150-day and 200-day averages, showing good near-term momentum.
• The stock price is more than 30% above its 52-week low and is within 25% of its 52-week high, emphasizing its standing as a market leader instead of a weaker performer.
• With a relative strength ranking of 92.12, WPM is doing better than most of the market, a main feature Minervini looks for in leading stocks.

This technical view indicates the stock is in a confirmed Stage 2 upward move, the main phase where the largest gains usually happen.

Fundamental Improvement and Growth Factors

Beyond the notable chart, Wheaton Precious Metals has the fundamental improvement that high-growth investors look for. The HGM rating measures a company's earnings and sales path, and WPM's recent results are outstanding.

The company's earnings improvement is a prominent feature:

• Earnings per Share (TTM) have increased by 61% over the last year.
• Recent quarterly EPS improvement is even more pronounced, with the last quarter showing an 83.4% rise compared to the same time a year ago.
• The company has a complete history of exceeding earnings predictions over the last four quarters, with an average beat of 4.94%.

Sales improvement is just as notable, confirming the earnings growth:

• Trailing twelve-month sales have increased by over 50%.
• The most recent quarter saw revenue rise by 54.5% year-over-year.
• Analyst optimism is increasing, with positive changes of over 5% to both next year's EPS and sales predictions in the last three months.

Also, earnings strength is getting better meaningfully. The net margin in the last reported quarter grew to 77.1%, up from 58.1% in the previous quarter and 23.2% two quarters earlier. This margin gain points to effective operations and pricing strength, two signs of a good growth company. For investors following the Minervini method, these fundamental supports provide the "large earnings" that "draw large notice" from big investors, often supporting more price gains.

Technical Examination Summary

The technical report for WPM gives the stock a complete score of 10 out of 10, showing its steady good performance across both short and long-term periods. The examination states that both the long and short-term trends are good and that WPM is trading close to its 52-week high, having given a 76.6% gain over the last year. The report finds multiple levels of support under the present price, which can help set risk points. However, it also notes that the stock's solid recent advance may have raised prices in the near term, indicating that new positions could be better thought about during a price decrease or pause to improve the risk-reward setup.

A Method for More Study

Wheaton Precious Metals offers a notable example of a security that fits a high-growth, momentum-focused strategy. Its mix of a solid technical trend, outstanding earnings and sales improvement, and good relative strength makes it an option deserving of more study for investors using such methods.

For those wanting to find other companies that meet similar strict technical and fundamental conditions, you can review the live screen results here: High Growth Momentum + Trend Template Screen.

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