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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
Barrick Gold (GOLD)
Barrick Gold Corporation, based in Toronto, Canada, is one of the largest gold mining companies in the world. The company has many advanced exploration and development projects located across five continents.
GOLD boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Barrick Gold has seen some interesting price action recently; the stock is down 0.7% over the past one week and up 2.7% over the past four weeks. And in the last one-year period, GOLD has gained 6.7%. As for the stock's trading volume, 24,638,752 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For GOLD, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.07 to $1.59 per share for 2025. GOLD boasts an average earnings surprise of 12%.
GOLD should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Barrick Gold Corporation (GOLD) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).