Here's Why Buenaventura (BVN) is a Great Momentum Stock to 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: Buenaventura (BVN) - Buenaventura currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [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, BVN shares increased by 0.67%, while the Zacks Mining - Silver industry rose by 4.64% [6] - In the last month, BVN's price change was 23.28%, compared to the industry's 37.11% [6] - Over the past quarter, BVN shares rose by 19.69%, and over the last year, they increased by 135.22%, while the S&P 500 only moved 3.01% and 17.28% respectively [7] Trading Volume - BVN's average 20-day trading volume is 1,612,750 shares, which serves as a bullish indicator when the stock price rises with above-average volume [8] Earnings Outlook - In the past two months, two earnings estimates for BVN have been revised upwards, increasing the consensus estimate from $1.79 to $2.07 [10] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, BVN is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling option for investors seeking short-term gains [12]