Newmont Corporation (NEM) Is Up 3.12% in One Week: What You Should Know

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 momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [4] Performance Metrics - Over the past week, NEM shares increased by 3.12%, outperforming the Zacks Mining - Gold industry, which rose by 1.61% [6] - In the last quarter, NEM shares surged by 43.7%, and over the past year, they gained 53.67%, while the S&P 500 only increased by 12.64% and 18.69%, respectively [7] - The average 20-day trading volume for NEM is 11,290,980 shares, indicating strong trading activity [8] Earnings Outlook - In the past two months, 7 earnings estimates for NEM have been revised upwards, with no downward revisions, boosting the consensus estimate from $4.77 to $5.48 [10] - For the next fiscal year, 7 estimates have also moved higher, reflecting positive sentiment regarding future earnings [10] Conclusion - Given the strong performance metrics and positive earnings outlook, NEM is positioned as a strong momentum pick for investors [12]