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Here is Why Growth Investors Should Buy Newmont (NEM) Now
ZACKS· 2024-10-21 17:45
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid 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, the task of finding cutting-edge growth stocks is made easy with the help ...
What Makes Newmont Corporation (NEM) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-10-18 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Newmont Corporation (NEM) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-10-16 15:06
Newmont Corporation (NEM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...
Newmont Corporation (NEM) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-10-15 23:01
Newmont Corporation (NEM) closed at $55.68 in the latest trading session, marking a +1.57% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.75%, while the tech-heavy Nasdaq lost 1.01%.Coming into today, shares of the gold and copper miner had gained 3.18% in the past month. In that same time, the Basic Materials sector gained 2.96%, while the S&P 500 gained 4.31%.The upcoming earnings release of Newmont Corporation will be of great intere ...
Newmont Corporation (NEM) Rises Higher Than Market: Key Facts
ZACKS· 2024-10-14 23:06
In the latest trading session, Newmont Corporation (NEM) closed at $54.82, marking a +0.96% move from the previous day. This change outpaced the S&P 500's 0.77% gain on the day. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.87%.Shares of the gold and copper miner witnessed a gain of 1.1% over the previous month, trailing the performance of the Basic Materials sector with its gain of 5.59% and the S&P 500's gain of 4.87%.The upcoming earnings release of Newmont Corporation will ...
Zacks Industry Outlook Newmont, Agnico Eagle, Barrick Gold, IAMGOLD and Idaho Strategic Resources
ZACKS· 2024-10-11 09:26
For Immediate ReleaseChicago, IL – October 11, 2024 – Today, Zacks Equity Research Newmont (NEM) , Agnico Eagle Mines (AEM) , Barrick Gold Corp. (GOLD) , 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 ...
Zacks Industry Outlook Newmont, Agnico, Barrick Gold, IAMGOLD and Idaho Strategic
ZACKS· 2024-10-10 09:25
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 ...
NEM vs. AGI: Which Stock Is the Better Value Option?
ZACKS· 2024-10-09 16:48
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 ...
Why Newmont Corporation (NEM) is a Top Value Stock for the Long-Term
ZACKS· 2024-10-09 14:45
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zac ...
Newmont Announces Divestment of Akyem in Ghana for up to $1B
ZACKS· 2024-10-09 11:10
Newmont Corporation (NEM) recently announced that it has reached a definitive agreement to sell its Akyem operation in Ghana to Zijin Mining Group Co., Ltd. for up to $1 billion in cash. The sale is part of Newmont's continuous commitment to divest non-core businesses as it shifts its strategic focus to Tier 1 assets.The agreement states that Newmont will get $900 million in cash upon closing. Pending the fulfillment of certain conditions, a further $100 million is likely to be received.The transaction's pr ...