On Thursday, Wheaton Precious Metals earned an upgrade to its Relative Strength (RS) Rating, from 77 to 81.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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While Wheaton Precious Metals is not near an ideal buy zone right now, see if it goes on to form and break out of a proper base.
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%.
The company holds the No. 9 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Eldorado Gold are among the top 5 highly rated stocks within the group.
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