Triple Flag Precious Metals (TFPM) Is Up 0.77% in One Week: What You Should Know

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 [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance [3] Price Performance - TFPM shares have increased by 0.77% over the past week, while the Zacks Mining - Gold industry remained flat [5] - Over the last month, TFPM's price change is 11.98%, slightly below the industry's 12.5% [5] - In the past quarter, TFPM shares rose by 30.06%, and over the last year, they increased by 91.14%, significantly outperforming the S&P 500, which rose by 6.33% and 14.66% respectively [6] Trading Volume - TFPM's average 20-day trading volume is 721,671 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, 3 earnings estimates for TFPM have been revised upwards, while only 1 estimate was revised downwards, leading to an increase in the consensus estimate from $0.84 to $0.88 [9] - For the next fiscal year, 3 estimates have also moved upwards with no downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, TFPM is recommended as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]