Newmont Corporation (NEM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this gold and copper miner have returned +10.5% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Mining - Miscellaneous industry, to which Newmont belongs, has gained 0.8% over this period. Now the key question is: Where could the stock be headed in the near term?Whi ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Newmont Corporation (NEM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Newmont Corporation is one of 240 companies in the Basic Materials group. The Basic Materials group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 d ...

Investors might want to bet on Newmont Corporation (NEM) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this gold and copper miner, should get reflected in its stock price. After all, empirical research shows a strong correla ...

Investors are continuously searching for undervalued asset classes and investment ideas. This translates into a quick money flow between asset classes and stocks toward value. A simple strategy for capital preservation and healthy returns is to wait patiently to invest in undervalued ideas. This column focuses on undervalued blue-chip stocks likely to turn red-hot in the coming quarters.I have focused on precious metals, commodities and the energy sector to identify undervalued blue-chip ideas. The reason i ...

J Studios My Thesis Judging by the way the price of gold has been behaving lately, I think the valuation of Newmont Corporation (NYSE:NEM) stock is moving further and further away from its fair value. As one of the largest gold mining companies in the world, I don't think Newmont should be trading at the current discount for too long - a continuation of the recent uptrend is most likely ahead of us. My Reasoning I recently read a new newsletter from the activist gold hedge fund Crescat Capital. It state ...

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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File Number: 001-31240 NEWMONT CORPORATION (Exact name of registrant as specified in its charter) Delaware ...

Key TakeawaysThe S&P 500 slipped 0.5% on Thursday, April 25, 2024, as data showed a slowdown in economic growth and an uptick in inflation in the first quarter.Shares of Meta Platforms tumbled as the social media giant forecast higher AI-related expenses.Newmont shares moved higher after the miner beat quarterly estimates, boosted by strong production and high gold prices. Major U.S. equities indexes tumbled as data showed a slowdown in economic growth and an uptick in inflation in the first quarter. The co ...

Newmont Corporation (NYSE:NEM) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Thomas Palmer - President, CEO & Director Natascha Viljoen - EVP & COO Karyn Ovelmen - EVP & CFO Conference Call Participants Josh Wolfson - RBC Capital Markets Jackie Przybylowski - BMO Capital Markets Mike Parkin - National Bank Anita Soni - CIBC Daniel Major - UBS Operator Good morning and welcome to Newmont’s First Quarter 2024 Earnings Call. All participants will be in listen only mode. [Oper ...

Newmont Corporation (NEM) reported first-quarter 2024 earnings from continuing operations of 15 cents per share compared with 42 cents in the year-ago quarter.Barring one-time items, adjusted earnings were 55 cents per share compared with 40 cents reported in the prior-year quarter. It topped the Zacks Consensus Estimate of 35 cents.NEM’s revenues for the first quarter were $4,023 million, up 50.2% from $2,679 million reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $3,3 ...