Newmont Corporation (NEM) Outperforms Broader Market: What You Need to Know

Company Performance - Newmont Corporation (NEM) experienced a +2.28% increase in its stock price, closing at $103.53, outperforming the S&P 500's gain of 0.64% on the same day [1] - Over the past month, Newmont's shares have risen by 12.77%, while the Basic Materials sector and the S&P 500 have gained 5.72% and 0.55%, respectively [1] Earnings Forecast - The upcoming earnings report for Newmont is anticipated to show an EPS of $1.61, reflecting a 15% growth compared to the same quarter last year [2] - Revenue is expected to be $5.45 billion, indicating a 3.5% decline from the year-ago quarter [2] Annual Estimates - For the entire year, Zacks Consensus Estimates predict earnings of $6.12 per share and revenue of $21.12 billion, representing a +75.86% change in earnings and no change in revenue compared to the previous year [3] - Recent analyst estimate revisions are seen as a positive indicator for the business outlook [3] Valuation Metrics - Newmont is currently trading at a Forward P/E ratio of 14.35, which is higher than the industry average of 11.89, suggesting a premium valuation [6] - The company has a PEG ratio of 0.61, compared to the Mining - Gold industry's average PEG ratio of 0.38 [7] Industry Ranking - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 72, placing it in the top 30% of over 250 industries [7] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]