Investors interested in Mining - Gold stocks are likely familiar with Newmont Corporation (NEM) and Triple Flag Precious Metals (TFPM). But which of these two stocks offers value investors a better bang for their buck right now?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.