Are You Looking for a Top Momentum Pick? Why Franco-Nevada (FNV) is a Great Choice

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Franco-Nevada (FNV) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market; FNV has a Zacks Rank of 1 (Strong Buy) [3] Group 2: Performance Metrics - FNV shares have increased by 2.72% over the past week, while the Zacks Mining - Gold industry has risen by 2.96% during the same period [5] - Over the last quarter, FNV shares have gained 10.22%, and over the past year, they have increased by 47.84%, compared to the S&P 500's gains of 8.57% and 11.45% respectively [6] - The average 20-day trading volume for FNV is 762,232 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - In the past two months, 6 earnings estimates for FNV have been revised upwards, increasing the consensus estimate from $4.22 to $4.48 [9] - For the next fiscal year, 5 estimates have also moved higher, with no downward revisions noted [9] Group 4: Conclusion - Considering the performance metrics and earnings outlook, FNV is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]