Triple Flag Precious Metals (TFPM) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Triple Flag Precious Metals (TFPM) - TFPM currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3][12] - The company has a Zacks Rank of 2 (Buy), suggesting strong performance potential [4][12] Price Performance - Over the past week, TFPM shares increased by 0.82%, while the Zacks Mining - Gold industry declined by 3.08% [6] - In the last month, TFPM's price rose by 13.43%, outperforming the industry's 13.19% [6] - Over the past three months, TFPM shares have risen by 27.6%, and by 28.31% over the last year, compared to the S&P 500's performance of -5.55% and 13.72%, respectively [7] Trading Volume - TFPM's average 20-day trading volume is 455,324 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, 5 earnings estimates for TFPM have been revised upwards, while 1 has been revised downwards, leading to an increase in the consensus estimate from $0.70 to $0.76 [10] - For the next fiscal year, 4 estimates have moved up and 1 has moved down during the same period [10]