Wheaton Precious Metals Corp. (WPM) is a Great Momentum Stock: Should You Buy?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum by focusing on key metrics [2] Group 2: Wheaton Precious Metals Corp. (WPM) Analysis - Wheaton Precious Metals Corp. currently has a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - WPM shares have increased by 0.15% over the past week, while the Zacks Mining - Miscellaneous industry has decreased by 0.6% during the same period [6] - Over the past quarter, WPM shares have risen by 31.75%, and by 66.72% over the last year, significantly outperforming the S&P 500's respective gains of 0.05% and 13.85% [7] Group 3: Trading Volume and Earnings Outlook - WPM's average 20-day trading volume is 1,824,438 shares, which serves as a bullish indicator when combined with rising stock prices [8] - In the last two months, 10 earnings estimates for WPM have been revised upwards, increasing the consensus estimate from $1.85 to $2.10 [10] - For the next fiscal year, 9 estimates have moved upwards while 2 have been revised downwards, indicating a positive earnings outlook [10] Group 4: Conclusion - Considering the positive momentum indicators and earnings outlook, WPM is positioned as a strong buy candidate for investors seeking short-term gains [12]