Newmont Corporation (NEM) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.55 per share a year ago.
The gold miner recorded a profit of $1.9 billion, or $1.68 a share, up from $179 million, or 15 cents a share, a year earlier.
NEM is expected to have benefited from higher gold prices amid cost headwinds in the first quarter.
Newmont Corporation (NEM) has surged 48% YTD, mirroring other big gold miners' shares, driven by rising gold prices amid macroeconomic uncertainty. Despite a projected 14% drop in production in 2025, NEM's EPS could still see marginal gains due to share buybacks and higher gold prices. NEM's forward P/E ratios remain below its five-year average, indicating potential for a 25-30% price increase if it reverts to historical multiples.
Newmont (NEM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Newmont (NEM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Does Newmont Corporation (NEM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Investors interested in stocks from the Mining - Gold sector have probably already heard of Newmont Corporation (NEM) and Triple Flag Precious Metals (TFPM). But which of these two companies is the best option for those looking for undervalued stocks?
From a technical perspective, Newmont Corporation (NEM) is looking like an interesting pick, as it just reached a key level of support. NEM's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Beyond analysts' top -and-bottom-line estimates for Newmont (NEM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
With a robust portfolio of projects and a healthy growth trajectory, NEM presents a solid investment case for those looking to capitalize on the gold rally.