Newmont Corporation (NEM) Hit a 52 Week High, Can the Run Continue?

Core Viewpoint - Newmont Corporation (NEM) has experienced significant stock performance, with a 10.8% increase over the past month and a 167.1% rise since the beginning of the year, outperforming both the Zacks Basic Materials sector and the Zacks Mining - Gold industry [1]. Financial Performance - Newmont has consistently exceeded earnings expectations, reporting an EPS of $1.71 against a consensus estimate of $1.29 in its latest earnings report on October 23, 2025, and beating revenue estimates by 11.06% [2]. - For the current fiscal year, Newmont is projected to achieve earnings of $6.06 per share on revenues of $21.12 billion, reflecting a 74.14% increase in EPS and a 13.05% increase in revenues [3]. - The company is expected to earn $7.07 per share on revenues of $22.74 billion in the next fiscal year, indicating year-over-year changes of 16.61% in EPS and 7.67% in revenues [3]. Valuation Metrics - Newmont's stock trades at 16.4 times the current fiscal year EPS estimates, slightly below the peer industry average of 17.6 times [7]. - On a trailing cash flow basis, the stock trades at 17.1 times compared to the peer group's average of 21 times, with a PEG ratio of 0.69, suggesting it is not among the top value stocks [7]. Zacks Rank - Newmont holds a Zacks Rank of 1 (Strong Buy) due to a favorable earnings estimate revision trend, making it a suitable choice for investors looking for stocks with strong potential [8]. - The company meets the criteria for selection based on Zacks Rank and Style Scores, indicating potential for further growth in the coming weeks and months [8]. Industry Comparison - In comparison to Agnico Eagle Mines Limited (AEM), which also has a Zacks Rank of 1 (Strong Buy), Newmont appears to be a solid investment option within the Mining - Gold industry, which is currently in the top 12% of all industries [9][11]. - AEM reported earnings of $9.43 per share on revenues of $11.14 billion for the current fiscal year, having beaten consensus estimates by 22.73% in the last quarter [10].