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Should You Buy #1 (Strong Buy)-Ranked Wheaton Precious Metals Corp. (WPM) for Your Portfolio?
Wheaton Precious Metals Corp. was upgraded to the Zacks Rank #1 list on January 16, 2025. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
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.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $1.45 per share. WPM boasts an average earnings surprise of 12.6%.
Earnings are expected to grow 22.9% for the current fiscal year, while revenue is projected to increase 26.7%.
Even more impressive, WPM has gained in value over the past four weeks, up 1.6% compared to the S&P 500's loss of 1.6%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Wheaton Precious Metals Corp. could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report