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As of October 20, three stocks with strong momentum include Perpetua Resources Corp. (PPTA), Cenovus Energy Inc. (CVE), and Kinross Gold Corporation (KGC). Perpetua Resources Corp., a mining company, shows a Zacks Rank #1 with a 28.1% increase in current year earnings estimate over 60 days, and its shares rose 47.5% in the last three months.
Cenovus Energy Inc., ranked #1 in Zacks, reported a 16.9% increase in the earnings estimate for the current year, with shares gaining 19.6% in the same period. Kinross Gold Corporation also holds a Zacks Rank #1, with a 9.9% increase in earnings estimate and a 57.7% rise in shares over the last three months.
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