Newmont Corporation (NEM) closed the most recent trading day at $58.09, moving 2.3% from the previous trading session.
Does Newmont Corporation (NEM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Recently, Zacks.com users have been paying close attention to Newmont (NEM). This makes it worthwhile to examine what the stock has in store.
NEM sheds non-core assets to sharpen Tier-1 focus, cut debt and fund high-return growth projects.
In the most recent trading session, Newmont Corporation (NEM) closed at $59.46, indicating a +2.11% shift from the previous trading day.
Newmont (NEM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
With rising gold prices and solid demand boding well for the Zacks Mining - Gold industry, investors may scoop up stocks like NEM, FNV, KGC, EGO and NGD.
NEM climbs 22% in 3 months, fueled by gold's surge on strong safe-haven demand and rising earnings estimates.
NEM's gold production dropped in Q1 as it exited non-core assets, with Tier-1 mines now facing pressure to deliver.
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Newmont (NEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Newmont Corporation (NEM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NEM broke through the 20-day moving average, which suggests a short-term bullish trend.