The Relative Strength (RS) Rating for Wheaton Precious Metals stock moved into a higher percentile Thursday, as it got a lift from 66 to 75.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an 80 or better RS Rating as they launch their largest climbs. See if Wheaton Precious Metals stock can continue to show renewed price strength and clear that threshold.
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Is Wheaton Precious Metals Stock A Buy?
Wheaton Precious Metals stock has dipped below its 50-day and 200-day moving average and is not currently near a potential buy zone. See if the precious metals stock goes on to build a base that could launch a new move.
Although earnings and sales growth came in at -6% and -13%, respectively, in the latest report, that showed improvement for both EPS and revenue.
Wheaton Precious Metals stock earns the No. 13 rank among its peers in the Mining-Gold/Silver/Gems industry group. DRDGOLD ADR and Osisko Gold Royalties are also among the group's highest-rated stocks.
