Group 1 - Newmont Corporation has reached a definitive agreement to sell its Akyem operation in Ghana to Zijin Mining Group for up to $1 billion in cash, reflecting its strategy to divest non-core businesses and focus on Tier 1 assets [1][2] - The agreement includes an initial payment of $900 million upon closing, with a potential additional $100 million contingent on certain conditions [1] - Proceeds from the sale will be used to improve the balance sheet and return capital to shareholders, aligning with Newmont's capital allocation priorities [1] Group 2 - The transaction is expected to be completed in the fourth quarter of 2024, pending regulatory approvals, and is not anticipated to significantly impact Newmont's 2024 outlook [2] - Newmont remains committed to Ghana, planning to invest between $950 million and $1,050 million in the Ahafo North gold mining project [2] Group 3 - Newmont's shares have increased by 40.2% over the past year, compared to a 44.4% rise in its industry [3] - Newmont currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook among analysts [4]

Newmont Corporation’s (NEM) shares have shot up 33.6% in the past six months, outperforming the Zacks Mining – Gold industry’s rise of 16.6%. A surge in gold prices driven by monetary policy easing and heightened geopolitical tensions has contributed to the run-up in NEM’s shares.The stock is currently trading at a roughly 6% discount to its 52-week high of $56.30, reached on Sept. 25, 2024. Technical indicators show that NEM has been trading above the 50-day simple moving average (SMA) since July 3, 2024. ...

Core Viewpoint - Newmont Corporation (NEM) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating improving earnings outlook and potential stock price appreciation [1][2]. Current-Quarter Estimate Revisions - For the current quarter, Newmont is projected to earn $0.78 per share, reflecting a substantial increase of +116.67% compared to the same quarter last year [3]. - The Zacks Consensus Estimate for Newmont has risen by 10.39% over the past 30 days, with two estimates increasing and no negative revisions [3]. Current-Year Estimate Revisions - For the full year, Newmont is expected to earn $3 per share, which is an increase of +86.34% from the previous year [4]. - The consensus estimate for the current year has improved by 6.5%, with four estimates moving higher and no negative revisions [4]. Favorable Zacks Rank - Newmont currently holds a Zacks Rank 2 (Buy), attributed to positive estimate revisions, which historically correlate with strong stock performance [5]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [5]. Bottom Line - The stock has gained 6% over the past four weeks, driven by solid estimate revisions, suggesting that Newmont may be a worthwhile addition to investment portfolios [6].

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks G ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Newmont Corporation (NEM) , which belongs to the Zacks Mining - Gold industry.When looking at the last two reports, this gold and copper miner has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 46.50%, on average, in the last two quarters.For the most recent quarter, Newmont was expected to post earnings of $0.5 ...

Newmont Corporation (NYSE: NEM ), the biggest gold miner by market capitalization (MCAP), has had a good 2024 at the stock markets so far, with 30% price increase. With the rising price of gold, this was to be expected, but even then, NEM stands out as itsManika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...

In the latest trading session, Newmont Corporation (NEM) closed at $54.48, marking a +0.02% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.28% for the day. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.15%.The gold and copper miner's shares have seen an increase of 4.67% over the last month, surpassing the Basic Materials sector's gain of 1.99% and the S&P 500's gain of 2%.Investors will be eagerly watching for the performance of Newmont ...

Michael McCraeMichael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.Paul Harris Paul has more than 20 years of experience in the mining sector in investor relations, communications, research ...

Newmont Corporation (NEM) announced the sale of its Telfer operation, its 70% stake in the Havieron gold-copper project and other related assets in Australia’s Paterson region to Greatland Gold plc. This transaction, part of the company’s broader strategy to divest non-core assets, is expected to close in fourth-quarter 2024 and subject to certain conditions.Per the agreement, Newmont is expected to receive up to $475 million in gross proceeds. This will consist of $207.5 million in cash at closing, $167.5 ...