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 A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Performance Metrics - Over the past week, TFPM shares increased by 1.06%, while the Zacks Mining - Gold industry rose by 3.29% [6] - In a longer timeframe, TFPM's shares have appreciated by 18.45% over the past quarter and 73.94% over the last year, outperforming the S&P 500's gains of 8.48% and 16.96%, respectively [7] Trading Volume - TFPM's average 20-day trading volume is 678,429 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, three earnings estimates for TFPM have been revised upwards, increasing the consensus estimate from $0.84 to $0.87 [10] - For the next fiscal year, four estimates have also moved higher, with no downward revisions noted [10] Conclusion - Given the strong performance metrics and positive earnings outlook, TFPM is positioned as a promising investment opportunity with a Momentum Score of A [12]
Are You Looking for a Top Momentum Pick? Why Triple Flag Precious Metals (TFPM) is a Great Choice