Idaho Strategic Resources, Inc. (IDR) is a Great Momentum Stock: Should You Buy?

Company Overview - Idaho Strategic Resources, Inc. (IDR) currently holds a Momentum Style Score of B, indicating potential for solid momentum investing [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a strong track record of outperformance [4] Performance Metrics - Over the past week, IDR shares have increased by 25.18%, while the Zacks Mining - Gold industry has decreased by 1.46% [6] - In a longer time frame, IDR's monthly price change is 41.78%, significantly outperforming the industry's 6.9% [6] - Over the last three months, IDR shares have risen by 21.67%, and they have increased by 73.93% over the past year, compared to the S&P 500's gains of 19.69% and 14.71%, respectively [7] Trading Volume - IDR's average 20-day trading volume is 616,562 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for IDR has moved higher, increasing the consensus estimate from $0.52 to $0.61 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [10] Conclusion - Considering the positive performance metrics and earnings outlook, IDR is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]