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: Gold Fields (GFI) - Gold Fields currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3][12] - The company has a Zacks Rank of 2 (Buy), which is associated with a strong track record of outperformance [4] Performance Metrics - Over the past week, GFI shares increased by 6.76%, while the Zacks Mining - Gold industry remained flat [6] - In the last month, GFI's price change was 12.69%, outperforming the industry's 5.87% [6] - Over the past quarter, GFI shares rose by 39.99%, and over the last year, they increased by 188.13%, compared to the S&P 500's gains of 1.86% and 15.7%, respectively [7] Trading Volume - GFI's average 20-day trading volume is 3,985,810 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for GFI show one upward revision and one downward revision for the full year, raising the consensus estimate from $4.73 to $5.20 over the past 60 days [10] - For the next fiscal year, two estimates have moved upwards with no downward revisions during the same period [10]
What Makes Gold Fields (GFI) a Strong Momentum Stock: Buy Now?