Core Viewpoint - Newmont Corporation (NEM) is experiencing solid improvements in earnings estimates, which may lead to continued positive stock momentum [1][2]. Earnings Estimate Revisions - Analysts show growing optimism regarding Newmont's earnings prospects, reflected in upward revisions of earnings estimates, which correlate strongly with stock price movements [2]. - The current-quarter earnings estimate is $0.84 per share, a 52.73% increase from the previous year, with a 14.48% rise in consensus estimates over the last 30 days [5]. - For the full year, Newmont is expected to earn $3.83 per share, marking a year-over-year increase of 10.06%, with a 15.35% boost in consensus estimates over the past month [6][7]. Zacks Rank and Performance - Newmont has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that suggest potential for further stock price appreciation [8]. - Historically, stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have significantly outperformed the S&P 500 [8]. Investment Outlook - The stock has increased by 16.6% over the past four weeks due to strong estimate revisions, suggesting that there may still be upside potential for investors [9].

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Newmont Corporation (NEM) currently holding a Momentum Style Score of A [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperforming the market; NEM has a Zacks Rank of 2 (Buy) [3] Group 2: Newmont Corporation Performance - NEM shares have increased by 24.42% over the past week, outperforming the Zacks Mining - Gold industry, which rose by 14.44% [5] - Over the past quarter, NEM shares have risen by 34.24%, and over the last year, they have gained 45.1%, while the S&P 500 has moved -10.88% and 5.91%, respectively [6] - The average 20-day trading volume for NEM is 15,714,830 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for NEM show 4 estimates moving higher and 1 lower, increasing the consensus estimate from $3.48 to $3.83 over the past 60 days [9] - For the next fiscal year, there have been 2 upward revisions and 2 downward revisions in earnings estimates [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, NEM is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a promising pick for investors [11]

Core Viewpoint - Newmont Corporation (NEM) is currently viewed as a superior value option compared to Triple Flag Precious Metals (TFPM) based on various valuation metrics and earnings outlook [1][7]. Valuation Metrics - NEM has a forward P/E ratio of 14.60, while TFPM has a forward P/E of 29.68 [5]. - NEM's PEG ratio is 1.02, indicating a favorable earnings growth outlook compared to TFPM's PEG ratio of 1.16 [5]. - NEM's P/B ratio stands at 2.12, compared to TFPM's P/B of 2.56, suggesting NEM is more undervalued relative to its book value [6]. Earnings Outlook - NEM has a Zacks Rank of 2 (Buy), indicating an improving earnings outlook, while TFPM has a Zacks Rank of 3 (Hold) [3][7]. - The Zacks Rank emphasizes stocks with positive revisions to earnings estimates, which supports NEM's favorable position [3]. Value Grades - NEM has been assigned a Value grade of B, while TFPM has a Value grade of D, further highlighting NEM's stronger valuation profile [6].

Core Viewpoint - Newmont Corporation (NEM) is showing potential as a bullish investment opportunity due to a recent technical indicator known as a "golden cross" and positive earnings outlook [1][4]. Technical Analysis - NEM's 50-day simple moving average has crossed above its 200-day simple moving average, indicating a "golden cross" which often signifies a potential bullish breakout [1][2]. - A golden cross typically follows a downtrend, where the stock's shorter moving average crosses above the longer moving average, leading to a trend reversal and subsequent price increase [2][3]. Performance Metrics - Over the past four weeks, NEM has experienced a price increase of 16.6% [4]. - The stock currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4]. Earnings Outlook - The earnings outlook for NEM is positive, with no earnings estimates decreasing in the past two months, while there have been four upward revisions [4]. - The Zacks Consensus Estimate for NEM has also increased, reinforcing the bullish sentiment around the stock [4][5].

The upcoming report from Newmont Corporation (NEM) is expected to reveal quarterly earnings of $0.84 per share, indicating an increase of 52.7% compared to the year-ago period. Analysts forecast revenues of $4.54 billion, representing an increase of 13% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 14.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to ...

Valuation and Stock Performance - Newmont Corporation (NEM) is currently trading at a forward price/earnings ratio of 14.75X, which is approximately 12.1% lower than the Zacks Mining – Gold industry's average of 16.78X, indicating an attractive valuation [1] - NEM's stock has gained 45.1% over the past year, underperforming the industry average increase of 52.4% but outperforming the S&P 500's rise of 8.1% [15] Technical Indicators - Technical indicators show bullish momentum for NEM, as it has surpassed its 50-day simple moving average (SMA) and is trading above its 200-day SMA, suggesting a positive trend [2][4] Growth Projects and Acquisitions - Newmont is actively investing in growth projects such as the Tanami Expansion 2 in Australia and the Ahafo North expansion in Ghana, which are expected to enhance production capacity and extend mine life [6] - The acquisition of Newcrest Mining Limited has resulted in a robust portfolio with a multi-decade production profile, generating $500 million in annual run-rate synergies [8] Divestitures and Financial Health - Newmont has divested several non-core assets, generating total after-tax cash proceeds of approximately $2.55 billion from recent sales, contributing to a total expected gross proceeds of $4.3 billion from all disclosed divestitures [9] - The company reported a strong liquidity position of $7.7 billion at the end of 2024, with operating cash flow from continuing operations reaching $6.3 billion, a significant increase from $2.8 billion in 2023 [10] Gold Price Trends - Gold prices have increased by approximately 27% over the past year, driven by strong demand from central banks and geopolitical tensions, which is expected to positively impact Newmont's profitability [11][12] Earnings Estimates - Newmont's earnings estimates for 2025 have been revised upward, with the Zacks Consensus Estimate for 2025 earnings currently at $3.83, reflecting an expected year-over-year growth of 10.1% [14] Dividend and Shareholder Returns - NEM offers a dividend yield of 1.8% with a payout ratio of 29%, indicating a sustainable dividend backed by strong cash flows [13]

Core Insights - Newmont Corporation has completed the sale of its Akyem operation in Ghana and Porcupine operation in Canada, marking the end of its strategic divestiture program initiated in February 2024 [1] - The total gross proceeds from these divestitures are expected to reach up to $4.3 billion, with $3.8 billion from non-core asset sales and $527 million from other investments [2] - Following the sale of the Porcupine operation, Newmont acquired approximately 15% of Discovery Silver Corp's common shares, totaling 119,716,667 shares [3] - Newmont plans to periodically review its investment in Discovery and may adjust its holdings based on market conditions and other factors [4] - Newmont's shares have increased by 45.1% over the past year, compared to a 53.3% rise in the industry [6]

Group 1: Market Overview - The market has experienced sharp volatility recently, but not all stocks have been negatively impacted, with UnitedHealth (UNH), Newmont (NEM), and Sprouts Farmers Market (SFM) showing positive gains [1][8]. Group 2: Newmont (NEM) - Newmont is one of the largest gold producers globally, with active mines in Nevada, Peru, Australia, and Ghana, benefiting from a surge in gold prices, resulting in a nearly 50% year-to-date performance increase [4]. - The average gold price per ounce reached $2,643, up from $2,004 in the same period last year, contributing to a record free cash flow of $1.6 billion [5]. - Analysts have raised their EPS expectations for Newmont, reflecting a bullish near-term outlook [7]. Group 3: UnitedHealth (UNH) - UnitedHealth provides a comprehensive range of health benefits, with its Optum segment leveraging data and technology to enhance care delivery and health outcomes [9]. - The company is expected to report a 5% year-over-year EPS growth on 11% higher sales, having exceeded EPS estimates in the last 20 quarterly releases [10][11]. - UnitedHealth's domestic operations provide a buffer against tariff concerns [11]. Group 4: Sprouts Farmers Market (SFM) - SFM has shown strong performance, exceeding consensus EPS and sales expectations for the last ten quarters, with a stock increase of nearly 160% over the past year [12]. - The company reported $2.0 billion in sales, reflecting a 17% year-over-year growth, indicating strong demand [14]. - SFM holds a Zacks Rank 1 (Strong Buy), with a notably bullish EPS outlook [15]. Group 5: Conclusion - Despite ongoing market volatility and tariff headlines, UnitedHealth, Newmont, and Sprouts Farmers Market have all demonstrated upward momentum and possess bullish near-term EPS outlooks [16].

Shares of Newmont Corporation NEM are trading flat Monday. The company’s stock moved significantly higher last week due to the recent boom in gold.There is a chance the move higher resumes. And if it does, there is also a chance it ends or stalls around the $58.00 level. This is why it is our Stock of the Day.Resistance is a price level or zone where there is a large amount of sell interest. If a market is trending higher, there aren't enough sell orders to fill all the buy orders. Traders and investors who ...

Core Viewpoint - Newmont stock is expected to rally further as gold prices reach record highs, with analysts optimistic about the company's performance amid rising gold prices and operational improvements [1][4]. Company Performance - Newmont is the world's largest gold producer, projected to produce 6.8 million attributable ounces of gold in 2024, alongside other minerals like silver, copper, zinc, and lead [3]. - The company experienced a significant turnaround in 2024, with sales increasing by 57% following the acquisition of Newcrest in 2023, resulting in a net profit of $3.4 billion compared to a net loss of nearly $2.5 billion in 2023 [6]. Stock Analysis - Analyst Daniel Major upgraded Newmont's stock rating from neutral to buy and raised the price target from $50 to $60 per share, indicating a potential 20% upside from the stock's closing price on April 10 [5]. - Newmont stock has underperformed compared to the industry and gold prices in recent years due to operational challenges and high costs, but the outlook for 2025 is more positive with expectations of increased sales driven by soaring gold prices [6][8]. Market Context - Gold prices have surged, reaching over $3,220 per ounce, with predictions from UBS analysts suggesting a potential rise to $3,500 per ounce by 2026, driven by investor demand amid economic uncertainties [4]. - The broader stock market has seen volatility, but Newmont stock has provided stability with solid gains, hitting a weekly intraday high of 26% [2]. Financial Strategy - Newmont is actively reducing debt and anticipates raising approximately $2.5 billion in net cash proceeds from asset sales this year, with expectations of returning much of this cash to shareholders through share buybacks [7].