Are You Looking for a Top Momentum Pick? Why McEwen (MUX) is a Great Choice

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: McEwen Mining (MUX) - McEwen Mining currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting favorable market performance [4] Performance Metrics - Over the past week, MUX shares increased by 3.74%, outperforming the Zacks Mining - Miscellaneous industry, which rose by 1.38% [6] - In a longer timeframe, MUX's monthly price change is 12.8%, compared to the industry's 8.76% [6] - Over the past quarter, MUX shares have surged by 43.77%, and gained 19.78% over the last year, while the S&P 500 increased by 15.97% and 18.37%, respectively [7] Trading Volume - MUX's average 20-day trading volume is 845,889 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, one earnings estimate for MUX has increased, while none have decreased, raising the consensus estimate from -$0.28 to -$0.02 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, MUX is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]