style-photography Over the last few years, I've discussed the bullish fundamentals for gold that would drive the metal much higher in price (5 Reasons Why Investors Should Have Some Exposure To Gold and Gold: Third Time's The Charm). The fair value of gold in USD is determined by the U.S. money supply. Before the pandemic, M2 - a broad measure of money stock - had increased at an average annual rate of 5-10% in the U.S. As a response to the economic deterioration caused worldwide by the outbreak of COVID-19 ...

In the latest market close, Newmont Corporation (NEM) reached $41.90, with a -1.64% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.09%. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq added 0.16%.The the stock of gold and copper miner has risen by 1.48% in the past month, leading the Basic Materials sector's loss of 3.97% and undershooting the S&P 500's gain of 2.83%.Analysts and investors alike will be keeping a close eye on the performance of Newmont Corpor ...

Core Viewpoint - Newmont Corporation (NEM) has shown a positive stock performance recently, outperforming the broader market and its industry, raising questions about its future direction [1] Earnings Estimate Revisions - The focus on earnings projections is crucial as they determine the fair value of the stock, with upward revisions leading to increased stock prices [2] - Newmont is expected to report earnings of $0.50 per share for the current quarter, reflecting a year-over-year increase of +51.5% [3] - The consensus earnings estimate for the current fiscal year is $2.42, indicating a +50.3% year-over-year change, with a slight increase of +1.9% over the last 30 days [3] - For the next fiscal year, the earnings estimate is $3.01, showing a +24.3% change from the previous year, but has decreased by -5.4% recently [3] - Newmont holds a Zacks Rank 3 (Hold), indicating a neutral outlook based on earnings estimate revisions [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is $3.49 billion, representing a +30% year-over-year change [6] - For the current fiscal year, the sales estimate is $16.03 billion (+35.7%), and for the next fiscal year, it is $17.07 billion (+6.5%) [6] Last Reported Results and Surprise History - In the last reported quarter, Newmont achieved revenues of $4.02 billion, a +50.2% year-over-year increase, and an EPS of $0.55 compared to $0.40 a year ago [7] - The reported revenues exceeded the Zacks Consensus Estimate of $3.4 billion by +18.37%, with an EPS surprise of +57.14% [7] - Over the last four quarters, Newmont surpassed EPS estimates once and revenue estimates twice [7] Valuation - Valuation metrics such as P/E, P/S, and P/CF are essential for assessing whether a stock is fairly valued, overvalued, or undervalued [8] - Newmont is graded C in the Zacks Value Style Score, indicating it is trading at par with its peers [10]

TORONTO, June 19, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. ((TSX.V: WGO, OTCQX:WHGOF, FRA: 29W)) (the "Company") is pleased to announce plans for its fully funded 2024 exploration program on its district scale 315,000-hectare land package, representing approximately 40% of the emerging White Gold District (the "District") in Yukon, Canada. The Company's district scale land package hosts it flagship White Gold Project comprised of 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the I ...

The latest trading session saw Newmont Corporation (NEM) ending at $40.65, denoting a -1.57% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.27%. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, added 0.88%.The gold and copper miner's shares have seen a decrease of 2.73% over the last month, not keeping up with the Basic Materials sector's loss of 2.41% and the S&P 500's gain of 2.85%.Analysts and investors alike will be keeping a clo ...

Newmont Corporation (NEM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this gold and copper miner have returned -5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Mining - Miscellaneous industry, to which Newmont belongs, has lost 1.4% over this period. Now the key question is: Where could the stock be headed in the ne ...

Key TakeawaysThe S&P 500 slipped 0.1% on Friday, June 7, 2024, as a stronger-than-expected jobs report pushed back expectations of interest rate cuts by the Federal Reserve.The spot price of gold fell amid waning rate-cut hopes and data showing a drop in bullion purchases by China last month, pressuring shares of Newmont and other miners.Air Products and Chemicals shares jumped after the company signed a deal to provide green hydrogen to French oil and gas firm TotalEnergies. Major U.S. equities indexes mov ...

The latest trading session saw Newmont Corporation (NEM) ending at $41.10, denoting a +1.41% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 1.19%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 1.96%.Prior to today's trading, shares of the gold and copper miner had lost 2.2% over the past month. This has lagged the Basic Materials sector's loss of 0.08% and the S&P 500's gain of 3.35% in that time.The investment community wi ...

Newmont Corporation (NEM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this gold and copper miner have returned +4.3% over the past month versus the Zacks S&P 500 composite's +4.3% change. The Zacks Mining - Miscellaneous industry, to which Newmont belongs, has gained 3.9% over this period. Now the key question is: Where could the stock be headed in th ...

Newmont Corporation (NEM) closed the most recent trading day at $41.98, moving +1.82% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.7% for the day. Meanwhile, the Dow experienced a rise of 0.01%, and the technology-dominated Nasdaq saw an increase of 1.1%.The gold and copper miner's stock has dropped by 5.02% in the past month, falling short of the Basic Materials sector's gain of 3.13% and the S&P 500's gain of 4.03%.Investors will be eagerly watching for t ...