Are You Looking for a Top Momentum Pick? Why First Majestic Silver (AG) is a Great Choice

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: First Majestic Silver (AG) - First Majestic Silver currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [4] Price Performance - Over the past week, AG shares increased by 4.71%, while the Zacks Mining - Silver industry rose by 4.64% [6] - In a longer timeframe, AG's monthly price change is 40.05%, outperforming the industry's 35.93% [6] - Over the last quarter, AG shares have risen by 41.42%, and they are up 211.47% over the past year, compared to the S&P 500's increases of 4.03% and 16.96%, respectively [7] Trading Volume - AG's average 20-day trading volume is 20,227,716 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, three earnings estimates for AG have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $0.16 to $0.25 [10] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, AG is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]