EMX Royalty Corp. (EMX) 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: EMX Royalty Corp. (EMX) - EMX currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, EMX shares increased by 7.79%, significantly outperforming the Zacks Mining - Miscellaneous industry, which rose by only 0.88% [5] - In a longer timeframe, EMX's shares have risen by 13.31% over the past month, compared to the industry's mere 0.31% [5] - Over the last quarter, EMX shares surged by 45.61%, and over the past year, they have increased by 97.62%, while the S&P 500 only moved 9.33% and 17.71% respectively [6] Trading Volume - EMX's average 20-day trading volume is 388,269 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for EMX has increased, while none have decreased, raising the consensus estimate from $0.03 to $0.05 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [9] Conclusion - Given the strong performance metrics and positive earnings outlook, EMX is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [11]