Compania de Minas ADR saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 66 to 75.
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IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their largest price moves. See if Compania de Minas ADR can continue to show renewed price strength and hit that benchmark.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a base and break out.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 129%. Revenue rose from 18% to 25%.
Compania de Minas ADR earns the No. 29 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and AngloGold Ashanti are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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