Are You Looking for a Top Momentum Pick? Why Wheaton Precious Metals Corp. (WPM) is a Great Choice

Core Viewpoint - The article discusses the momentum investing strategy and highlights Wheaton Precious Metals Corp. (WPM) as a promising momentum pick based on its Momentum Style Score and recent performance metrics [1][2][5]. Earnings Outlook - WPM has seen a positive trend in earnings estimates, with 6 upward revisions compared to 2 downward revisions over the past two months, raising the consensus estimate from $1.28 to $1.36 [8]. - For the next fiscal year, there have also been 6 upward revisions and 2 downward revisions in earnings estimates [8]. Price Performance - WPM shares have increased by 0.76% over the past week, while the Zacks Mining - Miscellaneous industry has decreased by 1.32% during the same period [7]. - Over the last month, WPM's price change is 13.23%, significantly outperforming the industry's 0.26% [7]. - In the last quarter, WPM shares have risen by 15.73%, and over the past year, they have gained 32.27%, compared to the S&P 500's increases of 9.88% and 24.06%, respectively [10]. Trading Volume - WPM's average 20-day trading volume is 1,224,639 shares, which serves as a bullish indicator when combined with rising stock prices [13]. Momentum Style Score - WPM currently holds a Momentum Style Score of B, indicating solid momentum potential [5][15]. - The Zacks Rank for WPM is 2 (Buy), suggesting that stocks with this rating and a Momentum Score of A or B tend to outperform the market in the following month [6][15].