Iamgold (IAG) 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: Iamgold (IAG) - Iamgold 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]. Price Performance - IAG shares have increased by 5.12% over the past week, outperforming the Zacks Mining - Gold industry, which rose by 4.65% [6]. - Over the last month, IAG's price change is 29.8%, significantly higher than the industry's 11.74% [6]. - In the last three months, IAG shares have risen by 67.16%, and by 64.73% over the past year, compared to the S&P 500's increases of 7.06% and 28.36%, respectively [7]. Trading Volume - IAG's average 20-day trading volume is 8,547,162 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, five earnings estimates for IAG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.04 to $0.25 [10]. - For the next fiscal year, three estimates have also moved upwards without any downward revisions [10]. Conclusion - Given the strong momentum indicators and positive earnings outlook, Iamgold is positioned as a promising investment opportunity with a Momentum Score of A and a Zacks Rank of 1 (Strong Buy) [11].