Core Viewpoint - Newmont Corporation (NEM) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook driven by rising earnings estimates, which significantly influence stock prices [1][4][6]. Earnings Estimates and Ratings - The Zacks rating system is based on changes in a company's earnings picture, with the Zacks Consensus Estimate tracking EPS estimates from sell-side analysts [2]. - The Zacks rating upgrade for Newmont reflects an optimistic earnings outlook, likely leading to increased buying pressure and a rise in stock price [4][6]. - Newmont's earnings estimates have seen a significant increase, with a 31.4% rise in the Zacks Consensus Estimate over the past three months, projecting earnings of $4.18 per share for the fiscal year ending December 2025, showing no year-over-year change [9]. Impact of Institutional Investors - Changes in earnings estimates are strongly correlated with stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [5]. - An increase in earnings estimates typically results in higher fair value for a stock, prompting institutional investors to buy or sell, which in turn affects stock prices [5]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [10][11].

Industry Overview - The Zacks Mining - Gold industry is experiencing a positive outlook, driven by a 28.5% increase in gold prices this year, supported by geopolitical tensions and central bank purchases [1][4] - The industry involves complex processes of gold extraction from both underground and open-pit mines, requiring significant financial resources and time [3] Major Trends - Gold prices are expected to continue rising due to a demand-supply imbalance, with central banks accumulating gold reserves and prices reaching a record high of $3,500 per ounce in April [4][6] - The industry faces challenges such as high production costs and a shortage of skilled labor, prompting companies to adopt cost-reduction strategies and digital innovations [5] Demand & Supply Dynamics - The industry is threatened by depleting resources and declining supply from old mines, leading miners to focus on acquisitions rather than new explorations [6] - Consumer demand for gold is strong, particularly in India and China, which account for about 50% of global demand, further supporting price increases [6] Industry Performance - The Zacks Mining - Gold Industry has outperformed both the broader sector and the S&P 500, with a collective growth of 53.9% over the past year compared to a 3.5% decline in the sector [9] - The industry currently trades at an EV/EBITDA of 8.06X, significantly lower than the S&P 500's 16.87X, indicating potential undervaluation [12] Company Highlights - **Franco-Nevada (FNV)**: The company has a strong portfolio of streaming and royalty agreements, is debt-free, and has seen a 7.5% share price increase over the past three months [18][19] - **Newmont (NEM)**: Following its acquisition of Newcrest Mining, Newmont has a robust portfolio and has gained 23% in share price recently, with a focus on expanding production capacity [22][23] - **Kinross Gold (KGC)**: The company has a strong production profile and has gained 26.7% in share price, with key development projects expected to boost production [26][27] - **Eldorado Gold (EGO)**: The company is set to increase annual gold production significantly by 2027, with shares rising 31.8% in the past three months [31] - **New Gold (NGD)**: The company has consolidated its interest in the New Afton mine and projects a 37% increase in gold production by 2027, with shares up 50% recently [33][34]

Core Viewpoint - Newmont Corporation's shares have increased by 22% over the past three months, driven by rising gold prices amid trade tensions and geopolitical uncertainties, particularly due to the Israel-Iran conflict [1][7]. Performance Comparison - NEM stock has outperformed the Zacks Mining – Gold industry's 17% rise and the S&P 500's increase of 5.7% [2]. - Among peers, Barrick Mining Corporation, Agnico Eagle Mines Limited, and Kinross Gold Corporation have gained 9.6%, 16.4%, and 26% respectively during the same period [2]. Technical Indicators - Technical indicators show bullish momentum for NEM, with the stock trading above its 50-day and 200-day simple moving averages (SMA), indicating a long-term uptrend [5]. Financial Strength - Newmont generated a record $1.2 billion in free cash flow in Q1 2025, showcasing solid financial strength [7]. - The company has a liquidity position of $8.8 billion, including cash and cash equivalents of approximately $4.7 billion [13]. - Operating cash flow from continuing operations increased by roughly 162% year-over-year to around $2 billion in Q1 2025 [13]. Growth Projects and Acquisitions - Newmont is pursuing several growth projects, including the Tanami Expansion 2 in Australia and the Ahafo North expansion in Ghana, aimed at expanding production capacity and extending mine life [10]. - The acquisition of Newcrest Mining Limited has created a leading portfolio with a multi-decade production profile, expected to deliver significant shareholder value and synergies of $500 million annually [11]. Divestitures - Newmont has divested non-core assets, generating total after-tax cash proceeds of approximately $2.55 billion from various sales [12]. Gold Price Dynamics - Gold prices have increased by roughly 29% this year, reaching a record high of $3,500 per ounce on April 22, 2025, driven by global trade tensions and central bank purchases [14][16]. - Currently, gold prices are hovering near $3,400 per ounce, supported by safe-haven demand due to geopolitical uncertainties [16]. Dividend and Earnings Estimates - NEM offers a dividend yield of 1.7% with a payout ratio of 24%, indicating a sustainable dividend [17]. - Earnings estimates for 2025 have been revised higher, with a Zacks Consensus Estimate suggesting a year-over-year growth of 20.1% [18]. Valuation - NEM stock is trading at a forward price/earnings ratio of 13.21X, which is about 7% lower than the industry average of 14.21X [20]. Investment Outlook - Newmont presents an attractive investment case backed by a robust portfolio of growth projects, strong performance of Tier 1 assets, and solid financial health, making it a prudent choice for investors [23].

Group 1: Newmont Corporation Performance - Newmont Corporation reported a decline in gold production for Q1 2025, with a year-over-year decrease of approximately 8% and a sequential decline of 19%, totaling 1.54 million ounces due to strategic divestment of non-core assets [1][7] - The company anticipates maintaining its expected gold production for 2025 at about 5.9 million ounces, with Q2 production expected to be relatively flat compared to Q1, as gains from some mines will be offset by declines in others [2][7] - Newmont's shift to a high-quality, Tier-1 portfolio is a long-term strategy aimed at reliability and efficiency, but uncertainties remain regarding the ability of these mines to ramp up production sufficiently to meet full-year targets [5] Group 2: Competitive Landscape - Barrick Mining Corporation experienced a significant decline in gold production in Q1 2025, with a 19% drop year-over-year and a 30% fall from the previous quarter, primarily due to operational challenges and disputes with the Malian government [3] - Agnico Eagle Mines Limited saw a modest year-over-year decline of around 0.5% in gold production, totaling 873,794 ounces, but remains on track to meet its 2025 production target of approximately 3.3-3.5 million ounces [4] Group 3: Market and Valuation Insights - Newmont's shares have increased by 57.2% year-to-date, slightly underperforming the Zacks Mining – Gold industry's rise of 58.5%, driven largely by a rally in gold prices [6] - The Zacks Consensus Estimate for Newmont's earnings implies a year-over-year rise of 20.1% for 2025 and 11.7% for 2026, with EPS estimates trending higher over the past 60 days [8] - Newmont is currently trading at a forward 12-month earnings multiple of 13.28, which is about 7.8% lower than the industry average of 14.4X, and carries a Value Score of B [10]

Core Viewpoint - Inflection Resources Ltd. has entered into a definitive agreement to acquire a 100% interest in a portfolio of Australian copper-gold exploration projects from Newmont Corporation, which includes the Tennant East and Bell River projects, indicating a strategic expansion in high-potential mineral exploration [1][3][8]. Group 1: Project Details - The Bell River project spans approximately 115 km² and is located in the Macquarie Arc, known for its rich porphyry copper-gold deposits, situated 65 km north of Newmont's Cadia mine [5][8]. - Significant geological features at Bell River include advanced argillic alteration zones and high gold values of up to 40.8 g/t, with copper content reaching 1% in surface rock samples [6][7]. - The Tennant East project covers around 4,200 km² and consists of twelve exploration licenses, targeting Iron Oxide Copper Gold (IOCG) mineralization with minimal prior exploration [13][15]. Group 2: Acquisition Terms - For the Bell River project, Inflection will issue 1,000,000 common shares to Newmont and make a one-time payment of AUD$2.5 million upon completion of a JORC or NI43-101 compliant Pre-Feasibility Study, plus AUD$5.0 million upon the start of commercial production [21]. - The Tennant East project acquisition involves issuing 250,000 common shares and reimbursing Newmont for tenement renewal fees, with Newmont retaining a 1.5% net smelter return (NSR) royalty [22]. Group 3: Exploration Strategy - Inflection's exploration strategy will focus on systematic reviews of previous exploration data, geological interpretation, and the integration of geological, geochemical, and geophysical data to identify potential mineralization [20]. - The company aims to explore the newly acquired projects in parallel with its existing exploration programs funded by AngloGold Ashanti, leveraging its systematic exploration approach [3][8].

Core Viewpoint - Newmont Corporation (NEM) has reached a significant support level and shows potential for investors from a technical perspective, indicated by a recent break above the 20-day moving average suggesting a short-term bullish trend [1] Technical Analysis - The 20-day simple moving average (SMA) is a popular trading tool that reflects a stock's price over a 20-day period, smoothing out short-term price trends and providing trend reversal signals [2] - A stock price above the 20-day SMA indicates a positive trend, while a price below it can signal a downward trend [2] Performance Metrics - Over the past four weeks, NEM has gained 9.6%, and it currently holds a Zacks Rank 2 (Buy), indicating strong potential for further upward movement [4] - There have been 6 upward revisions in earnings estimates for the current fiscal year, with no downward revisions, leading to an increased consensus estimate [4] Investment Outlook - Given the key technical level and positive earnings estimate revisions, NEM is positioned for potential gains in the near future [5]

Core Insights - Newmont Corporation's first-quarter 2025 results indicate significant increases in unit costs, with gold costs applicable to sales rising 16% year over year to $1,227 per ounce and all-in sustaining costs (AISC) reaching $1,651 per ounce, reflecting a 13% sequential and 15% year-over-year increase [1][6] Cost Trends - Newmont expects gold AISC for its total portfolio to be $1,630 per ounce in 2025, up from $1,516 per ounce in 2024, driven by increased direct operating costs and inflation [2][6] - Higher labor costs, which account for about half of Newmont's direct costs, are a significant concern, alongside rising materials and contract services costs [2][6] - The company anticipates unit costs for the second quarter to be similar to or slightly higher than the first quarter due to increased sustaining capital spending, which is expected to peak in the second quarter [2] Peer Comparisons - Barrick Mining Corporation experienced a 22% sequential increase in AISC to $1,775 per ounce, influenced by operational challenges and lower production [3] - Agnico Eagle Mines Limited reported a slight decline in AISC of 0.6% in the first quarter but projects an increase for the remainder of 2025, with total cash costs per ounce expected between $915 and $965 [4] Market Performance - Newmont's shares have increased by 43.2% year to date, compared to a 48.1% rise in the Zacks Mining – Gold industry, largely due to a rally in gold prices [5] - The company is currently trading at a forward 12-month earnings multiple of 12.12, which is approximately 9.6% below the industry average of 13.4X, and holds a Value Score of A [9] Earnings Outlook - The Zacks Consensus Estimate for Newmont's earnings implies a year-over-year rise of 20.1% for 2025 and 11.7% for 2026, with EPS estimates trending higher over the past 60 days [10]

Group 1 - Newmont Corporation (NYSE: NEM) is the largest listed gold miner by market capitalization after Agnico Eagle Mines (AEM) [1] - The company showed promise in April but has not met expectations since then [1] Group 2 - Manika, a macroeconomist with over 20 years of experience, runs the profile Long Term Tips (LTT) focusing on opportunities in the green economy [1] - The investing group Green Growth Giants takes a deeper dive into opportunities presented by the green economy segment [1]

Core Insights - Bluebeam has announced significant product updates aimed at enhancing collaboration and productivity for architecture, engineering, and construction (AEC) professionals [1][5] Group 1: Integrations and Collaboration - The newly launched Integrations Directory serves as a centralized hub for users to connect with various third-party applications and plugins, facilitating seamless workflows across tools like Procore Documents and Microsoft SharePoint [2] - All subscription plans can utilize these integrations, promoting connectivity for teams of all sizes and streamlining workflows [2] Group 2: Performance Enhancements - The latest release of Revu runs natively and 30% faster on ARM-based devices, improving efficiency for teams using modern hardware platforms [3] - This update also simplifies the process for Mac users to run Revu natively via Parallels, enhancing overall user experience [3] Group 3: Markup and Tool Upgrades - New features in Revu 21.6, such as Markups on Capture, allow users to draw directly on field photos, improving clarity in communication of project issues [4] - Tool Chest enhancements include multi-select drag-and-drop functionality and customizable punch keys, providing users with greater control and speed in using reusable markups [4] Group 4: Commitment to Innovation - The updates reflect Bluebeam's dedication to addressing real-world challenges faced by AEC professionals, enabling teams to focus on project execution rather than workarounds [5] - Bluebeam continues to drive innovation in the industry, as showcased at their Unbound conference, which brings together key stakeholders to shape the future of the built environment [5]

Market Overview - U.S. stock markets are experiencing a positive trend after recent volatility, with the S&P 500 near its all-time high and both the Nasdaq Composite and Dow showing positive year-to-date performance [1][2] Economic Factors - Ongoing trade negotiations between the U.S. and China, stability in the U.S. labor market, and a declining inflation rate have improved market sentiment towards equities [2] Investment Opportunities - Non-tech stocks have shown significant appreciation year to date, alongside discussions of AI, quantum computing, and 5G/6G technologies [3] Recommended Stocks - Five corporate giants with market capitalizations over $50 billion have provided returns exceeding 40% year to date, all holding a Zacks Rank 1 (Strong Buy) [4][5] Howmet Aerospace Inc. (HWM) - Benefits from strong momentum in the commercial aerospace market and defense aerospace business, supported by rising U.S. and international defense budgets [8] - Expected revenue and earnings growth rates of 8.5% and 28.6% respectively for the current year, with a 4.2% improvement in earnings estimates over the last 30 days [9][10] Newmont Corp. (NEM) - Progressing with growth projects, including the Tanami expansion and the acquisition of Newcrest, which enhances operational synergies [11] - Expected revenue and earnings growth rates of 2% and 20.1% respectively for the current year, with a 9.7% improvement in earnings estimates over the last 30 days [12] Philip Morris International Inc. (PM) - Strong pricing power and an expanding smoke-free product portfolio, with products like IQOS and ZYN driving growth [13] - Expected revenue and earnings growth rates of 8.1% and 13.7% respectively for the current year, with a 4.6% improvement in earnings estimates over the last 60 days [15] NatWest Group plc (NWG) - Provides a range of banking and financial services, with expected revenue and earnings growth rates of 20.1% and 17.3% respectively for the current year, and a 6.8% improvement in earnings estimates over the last 30 days [16][17] Deutsche Bank Aktiengesellschaft (DB) - First-quarter 2025 results benefited from increased revenues and lower expenses, with a focus on stable, capital-light businesses driving revenue growth [18][19] - Expected revenue and earnings growth rates of 12% and over 100% respectively for the current year, with a 4.2% improvement in earnings estimates over the last 60 days [19]