What Makes Sibanye Gold Limited (SBSW) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling even higher, capitalizing on established price movements [1]. Company Overview: Sibanye Gold Limited (SBSW) - Sibanye Gold Limited currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2]. - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [3]. Price Performance - Over the past week, SBSW shares have increased by 8.23%, outperforming the Zacks Mining - Miscellaneous industry, which rose by 6.54% [5]. - In a longer time frame, SBSW's monthly price change is 25.2%, compared to the industry's 17.27% [5]. - Over the last quarter, SBSW shares have risen by 65.6%, and over the past year, they have surged by 381.46%, while the S&P 500 has only moved 4.96% and 20.67%, respectively [6]. Trading Volume - The average 20-day trading volume for SBSW is 6,168,132 shares, which serves as a bullish indicator when combined with rising stock prices [7]. Earnings Outlook - In the past two months, one earnings estimate for SBSW has increased, while none have decreased, raising the consensus estimate from $2.24 to $3.58 [9]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [9]. Conclusion - Considering the strong price performance, positive earnings outlook, and high momentum score, SBSW is positioned as a solid investment opportunity [11].