The IBD SmartSelect Composite Rating for Wheaton Precious Metals increased from 94 to 96 Thursday.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Wheaton Precious Metals is currently about 3% above a 64.30 entry from a double bottom.
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The stock earns an 86 EPS Rating, which means its recent quarterly and annual earnings growth tops 86% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 26% earnings growth. Revenue growth rose 38%, up from 13% in the prior quarter. That marks one quarter of rising revenue increases.
Wheaton Precious Metals holds 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.
