On Thursday, Wheaton Precious Metals got an upgrade to its Relative Strength (RS) Rating, from 76 to 82.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of at least 80 as they begin their biggest climbs.
Risk Management In The Stock Market: How Much Money To Invest Now
Wheaton Precious Metals is in a buy zone after clearing a 64.30 buy point in a double bottom. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
Wheaton Precious Metals saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 6% to 26%. Revenue rose from 13% to 38%. Look for the next report on or around Mar. 6.
The company earns the No. 12 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Harmony Gold Mining ADR are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
