For Immediate ReleaseChicago, IL – October 10, 2024 – Today, Zacks Equity Research Newmont (NEM) , Agnico Eagle Mines (AEM) , Barrick Gold Corp. (GOL), IAMGOLD (IAG) and Idaho Strategic Resources (IDR) .Industry: GoldLink: https://www.zacks.com/commentary/2348505/buy-these-5-gold-stocks-to-capitalize-on-solid-industry-trendsThe prospects for the Zacks Mining - Gold industry look bright, backed by the 27% gain seen in gold prices so far this year. The bullion is expected to end the year at around $3,000 an o ...

Investors looking for stocks in the Mining - Gold sector might want to consider either Newmont Corporation (NEM) or Alamos Gold (AGI) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that tar ...

Company Overview - Newmont Corporation is one of the world's largest gold producers with active mines in Nevada, Peru, Australia, and Ghana [7] - As of December 31, 2023, Newmont had gold mineral reserves exceeding 135.9 million ounces [7] - The company's attributable gold production for 2023 was 5.5 million ounces [7] Investment Ratings - Newmont is rated 2 (Buy) on the Zacks Rank, indicating a favorable investment outlook [7] - The company has a VGM Score of A, reflecting strong performance across value, growth, and momentum metrics [7] Valuation Metrics - Newmont's Value Style Score is B, supported by a forward P/E ratio of 17.02, making it attractive for value investors [7] - Recent analyst revisions show four analysts have increased their earnings estimates for fiscal 2024, with the Zacks Consensus Estimate rising by $0.22 to $3.10 per share [7] - The company has an average earnings surprise of 19.2%, indicating a history of exceeding earnings expectations [7] Investment Strategy - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for maximizing returns [6] - Newmont's solid Zacks Rank and high Value and VGM Style Scores position it as a strong candidate for investors [8]

Group 1 - Newmont Corporation has reached a definitive agreement to sell its Akyem operation in Ghana to Zijin Mining Group for up to $1 billion in cash, reflecting its strategy to divest non-core businesses and focus on Tier 1 assets [1][2] - The agreement includes an initial payment of $900 million upon closing, with a potential additional $100 million contingent on certain conditions [1] - Proceeds from the sale will be used to improve the balance sheet and return capital to shareholders, aligning with Newmont's capital allocation priorities [1] Group 2 - The transaction is expected to be completed in the fourth quarter of 2024, pending regulatory approvals, and is not anticipated to significantly impact Newmont's 2024 outlook [2] - Newmont remains committed to Ghana, planning to invest between $950 million and $1,050 million in the Ahafo North gold mining project [2] Group 3 - Newmont's shares have increased by 40.2% over the past year, compared to a 44.4% rise in its industry [3] - Newmont currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook among analysts [4]

Newmont Corporation’s (NEM) shares have shot up 33.6% in the past six months, outperforming the Zacks Mining – Gold industry’s rise of 16.6%. A surge in gold prices driven by monetary policy easing and heightened geopolitical tensions has contributed to the run-up in NEM’s shares.The stock is currently trading at a roughly 6% discount to its 52-week high of $56.30, reached on Sept. 25, 2024. Technical indicators show that NEM has been trading above the 50-day simple moving average (SMA) since July 3, 2024. ...

Core Viewpoint - Newmont Corporation (NEM) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating improving earnings outlook and potential stock price appreciation [1][2]. Current-Quarter Estimate Revisions - For the current quarter, Newmont is projected to earn $0.78 per share, reflecting a substantial increase of +116.67% compared to the same quarter last year [3]. - The Zacks Consensus Estimate for Newmont has risen by 10.39% over the past 30 days, with two estimates increasing and no negative revisions [3]. Current-Year Estimate Revisions - For the full year, Newmont is expected to earn $3 per share, which is an increase of +86.34% from the previous year [4]. - The consensus estimate for the current year has improved by 6.5%, with four estimates moving higher and no negative revisions [4]. Favorable Zacks Rank - Newmont currently holds a Zacks Rank 2 (Buy), attributed to positive estimate revisions, which historically correlate with strong stock performance [5]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [5]. Bottom Line - The stock has gained 6% over the past four weeks, driven by solid estimate revisions, suggesting that Newmont may be a worthwhile addition to investment portfolios [6].

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks G ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Newmont Corporation (NEM) , which belongs to the Zacks Mining - Gold industry.When looking at the last two reports, this gold and copper miner has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 46.50%, on average, in the last two quarters.For the most recent quarter, Newmont was expected to post earnings of $0.5 ...

Newmont Corporation (NYSE: NEM ), the biggest gold miner by market capitalization (MCAP), has had a good 2024 at the stock markets so far, with 30% price increase. With the rising price of gold, this was to be expected, but even then, NEM stands out as itsManika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy ...

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