Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Momentum investors, who live by the saying “the trend is your friend,” are most interested in taking advantage of upward or downward trends in a stock’s price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and cobalt.
WPM is a Zacks Rank #2 (Buy) stock, with a Momentum Style Score of A and VGM Score of B. Shares are down 2.9% over the past one week and up 12.9% over the past four weeks. WPM has gained 65.6% in the last one-year period as well. Looking at trading volume, an average of 1,775,886.75 shares exchanged hands over the last 20 trading days.
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A company’s earnings performance is important for momentum investors as well. For fiscal 2025, 10 analysts revised their earnings estimate higher in the last 60 days for WPM, while the Zacks Consensus Estimate has increased $0.23 to $2.10 per share. WPM also boasts an average earnings surprise of 6%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding WPM to their portfolios.
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Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
