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Newmont Corporation (NEM - Free Report) is a leading gold company and a producer of silver, copper, lead and zinc, that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NEM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Newmont could be a solid choice for investors.
Current Quarter Estimates for NEM
In the past 30 days, two estimates have gone higher for Newmont while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 47 cents a share 30 days ago, to 51 cents today, a move of 6.4%.
Current Year Estimates for NEM
Meanwhile, Newmont’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.97 per share 30 days ago to $2.14 per share today, an increase of 8.6%.
The stock has also started to move higher lately, adding 12.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
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Why Newmont (NEM) Could Be Positioned for a Surge
Newmont Corporation (NEM - Free Report) is a leading gold company and a producer of silver, copper, lead and zinc, that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NEM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Newmont could be a solid choice for investors.
Current Quarter Estimates for NEM
In the past 30 days, two estimates have gone higher for Newmont while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 47 cents a share 30 days ago, to 51 cents today, a move of 6.4%.
Current Year Estimates for NEM
Meanwhile, Newmont’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.97 per share 30 days ago to $2.14 per share today, an increase of 8.6%.
Newmont Goldcorp Corporation Price and Consensus
Newmont Goldcorp Corporation price-consensus-chart | Newmont Goldcorp Corporation Quote
Bottom Line
The stock has also started to move higher lately, adding 12.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>