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Newmont Corporation (NEM) Is Up 10.21% in One Week: What You Should Know
NewmontNewmont(US:NEM) ZACKSยท2025-08-12 17:01

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: Newmont Corporation (NEM) - Newmont Corporation currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, NEM shares increased by 10.21%, outperforming the Zacks Mining - Gold industry, which rose by 7.4% [6] - In a longer timeframe, NEM's monthly price change is 13.24%, compared to the industry's 5.42% [6] - Over the last quarter, NEM shares have risen by 35.22%, and by 41.16% over the past year, while the S&P 500 has only increased by 13.05% and 20.74%, respectively [7] Trading Volume - NEM's average 20-day trading volume is 12,847,742 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 5 earnings estimates for NEM have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $4.34 to $5.27 [10] - For the next fiscal year, 6 estimates have moved upwards with no downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, NEM is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling option for investors seeking momentum plays [12]