Why Wheaton Precious Metals Corp. (WPM) is a Top Growth Stock for the Long-Term

Wheaton Precious Metals (WPM) is highlighted as a compelling growth stock, holding a Zacks Rank #2 (Buy) and a VGM Score of B. The company's growth style score is B, with a projected 48.9% year-over-year earnings growth for the current fiscal year; furthermore, the consensus earnings estimate for fiscal year 2025 has increased by $0.25 to $2.10 per share following upward revisions from 10 analysts in the last 60 days.

Analysis

Wheaton Precious Metals Corp. (WPM) is presented as a compelling investment, particularly for growth-oriented strategies, based on the Zacks Rank system. The company holds a Zacks Rank #2 (Buy) and a VGM (Value, Growth, Momentum) Score of B, indicating a favorable outlook. Specifically, its Growth Style Score of B is supported by a significant forecasted year-over-year earnings growth of 48.9% for the current fiscal year. This projection is further substantiated by recent analyst sentiment; 10 analysts have revised their earnings estimates upward for fiscal 2025 within the last 60 days, driving the Zacks Consensus Estimate up by $0.25 to $2.10 per share. WPM, one of the largest precious metal streaming companies generating revenue from precious metals and cobalt sales, also demonstrates a track record of exceeding expectations with an average earnings surprise of 6%. The combination of a strong Zacks Rank and solid Style Scores aligns with Zacks' methodology, suggesting a higher probability of the stock outperforming the broader market in the near term.

Key Decisions for Investors

• Investors should consider Wheaton Precious Metals (WPM) for inclusion in growth-focused portfolios, given its #2 Zacks Rank, B-rated Growth and VGM Style Scores, and a substantial 48.9% projected earnings per share growth for the current fiscal year.
• The positive trend in analyst sentiment, marked by 10 upward earnings estimate revisions for fiscal 2025 pushing the consensus to $2.10 per share, alongside a consistent 6% average earnings surprise, suggests underlying strength that may warrant initiating or increasing exposure.
• It is advisable to monitor WPM's ongoing earnings performance and shifts in analyst consensus estimates, as these factors are critical to sustaining its favorable Zacks rating and the associated potential for market outperformance.