Newmont Corporation (NEM) ended the recent trading session at $57.61, demonstrating a -4.24% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.07%. Elsewhere, the Dow lost 0.37%, while the tech-heavy Nasdaq added 0.03%.
The stock of gold and copper miner has risen by 12.91% in the past month, leading the Basic Materials sector's gain of 2.07% and the S&P 500's gain of 3.94%.
Analysts and investors alike will be keeping a close eye on the performance of Newmont Corporation in its upcoming earnings disclosure. The company's earnings report is set to go public on July 24, 2025. The company is forecasted to report an EPS of $1.01, showcasing a 40.28% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.53 billion, up 2.83% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.47 per share and a revenue of $19.41 billion, representing changes of +28.45% and +3.88%, respectively, from the prior year.
Any recent changes to analyst estimates for Newmont Corporation should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 6.97% upward. Newmont Corporation is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Newmont Corporation's current valuation metrics, including its Forward P/E ratio of 13.45. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 13.45.
We can additionally observe that NEM currently boasts a PEG ratio of 0.76. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Mining - Gold was holding an average PEG ratio of 0.53 at yesterday's closing price.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 21, finds itself in the top 9% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Newmont Corporation (NEM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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