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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
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.
Royal Gold (RGLD)
Based in Denver, CO, Royal Gold, together with its subsidiaries, acquires and manages precious metals stream and royalty interests, with a primary focus on gold. Royal Gold manages its business under two segments:
RGLD boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Royal Gold has seen some interesting price action recently; the stock is up 2.1% over the past one week and up 6.3% over the past four weeks. And in the last one-year period, RGLD has gained 25.8%. As for the stock's trading volume, 366,505.16 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For RGLD, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $5.16 per share for 2024. RGLD boasts an average earnings surprise of 9.8%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding RGLD to their portfolios.
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Royal Gold, Inc. (RGLD) : Free Stock Analysis Report