Best Momentum Stock to Buy for February 12th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 12th:

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(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 26.8% 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 87.6% over the last three month compared with the S&P 500’s gain of 1.2%. The company possesses a Momentum Score of A.

Allied Gold Corporation Price

Allied Gold Corporation price | Allied Gold Corporation Quote

Proto Labs PRLB: This company, which is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days.

Proto Labs, Inc. Price and Consensus

Proto Labs, Inc. price-consensus-chart | Proto Labs, Inc. Quote

Proto Labs’ shares gained 34.7% over the last three month compared with the S&P 500’s gain of 1.2%. The company possesses a Momentum Score of A.

Proto Labs, Inc. Price

Proto Labs, Inc. price | Proto Labs, Inc. Quote

RBC Bearings RBC: This company, which manufactures and distributes engineered bearings and precision components, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.

RBC Bearings Incorporated Price and Consensus

RBC Bearings Incorporated price-consensus-chart | RBC Bearings Incorporated Quote

RBC Bearings’ shares gained 23.6% over the last three month compared with the S&P 500’s gain of 1.2%. The company possesses a Momentum Score of A.

RBC Bearings Incorporated Price

RBC Bearings Incorporated price | RBC Bearings Incorporated Quote

See the full list of top ranked stocks here

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

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include

Stock #1: A Disruptive Force with Notable Growth and Resilience

Stock #2: Bullish Signs Signaling to Buy the Dip

Stock #3: One of the Most Compelling Investments in the Market

Stock #4: Leader In a Red-Hot Industry Poised for Growth

Stock #5: Modern Omni-Channel Platform Coiled to Spring

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.

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

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