Gold Fields (GFI) 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][2]. Company Overview: Gold Fields (GFI) - Gold Fields currently holds a Momentum Style Score of A, indicating strong momentum potential [3]. - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4]. Performance Metrics - Over the past week, GFI shares increased by 5.22%, outperforming the Zacks Mining - Gold industry, which rose by 1.64% [6]. - In the last quarter, GFI shares surged by 69.13%, and over the past year, they have risen by 130.55%, while the S&P 500 only increased by 6.22% and 17.55%, respectively [7]. - The average 20-day trading volume for GFI is 3,770,494 shares, indicating strong trading activity [8]. Earnings Outlook - In the past two months, two earnings estimates for GFI have been revised upwards, with the consensus estimate increasing from $2.58 to $2.79 [10]. - For the next fiscal year, two estimates have also moved higher, with no downward revisions during the same period [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, GFI is positioned as a solid momentum pick with a 1 (Strong Buy) rating and a Momentum Score of A [12].