Best Momentum Stock to Buy for January 2nd

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 2nd:

Pan American Silver PAAS: This mining company, which is focused exclusively on silver, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.3% over the last 60 days.

Pan American Silver Corp. Price and Consensus

Pan American Silver Corp. price-consensus-chart | Pan American Silver Corp. Quote

Pan American Silver's shares gained 33.1% over the last three month compared with the S&P 500’s gain of 1.9%. The company possesses a Momentum Score of A.

Pan American Silver Corp. Price

Pan American Silver Corp. price | Pan American Silver Corp. Quote

USCB Financial USCB: This community bank which offers personal, business and electronic banking, as well as provides credit and debit card, loans, saving accounts, leasing, retirement plans and insurance services, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days.

USCB Financial Holdings, Inc. Price and Consensus

USCB Financial Holdings, Inc. price-consensus-chart | USCB Financial Holdings, Inc. Quote

USCB Financial’s shares gained 8.1% over the last three month compared with the S&P 500’s gain of 1.9%. The company possesses a Momentum Score of A.

USCB Financial Holdings, Inc. Price

USCB Financial Holdings, Inc. price | USCB Financial Holdings, Inc. Quote

Allied Gold Corporation AAUC: This gold producer, which operates a portfolio of producing assets and development projects located principally in Cote d'Ivoire, Mali and Ethiopia, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

Allied Gold Corporation Price and Consensus

Allied Gold Corporation price-consensus-chart | Allied Gold Corporation Quote

Allied Gold Corporation’s shares gained 25.6% over the last three month compared with the S&P 500’s gain of 1.9%. The company possesses a Momentum Score of A.

Allied Gold Corporation Price

Allied Gold Corporation price | Allied Gold Corporation Quote

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research