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Newmont Corporation (NEM) Stock Sinks As Market Gains: Here's Why
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Newmont Corporation (NEM - Free Report) closed at $112.83 in the latest trading session, marking a -1.07% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.44%. Elsewhere, the Dow saw an upswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.54%.
The gold and copper miner's stock has dropped by 1.93% in the past month, exceeding the Basic Materials sector's loss of 5.22% and the S&P 500's loss of 3.31%.
The investment community will be closely monitoring the performance of Newmont Corporation in its forthcoming earnings report. The company is scheduled to release its earnings on April 23, 2026. It is anticipated that the company will report an EPS of $2.02, marking a 61.6% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.53 billion, up 30.38% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.78 per share and a revenue of $26.27 billion, representing changes of +27.43% and +15.88%, respectively, from the prior year.
Any recent changes to analyst estimates for Newmont Corporation should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.14% decrease. Newmont Corporation currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Newmont Corporation is currently being traded at a Forward P/E ratio of 13. This denotes a premium relative to the industry average Forward P/E of 11.32.
We can additionally observe that NEM currently boasts a PEG ratio of 0.88. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NEM's industry had an average PEG ratio of 1.13 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 96, finds itself in the top 40% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Newmont Corporation (NEM) Stock Sinks As Market Gains: Here's Why
Newmont Corporation (NEM - Free Report) closed at $112.83 in the latest trading session, marking a -1.07% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.44%. Elsewhere, the Dow saw an upswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.54%.
The gold and copper miner's stock has dropped by 1.93% in the past month, exceeding the Basic Materials sector's loss of 5.22% and the S&P 500's loss of 3.31%.
The investment community will be closely monitoring the performance of Newmont Corporation in its forthcoming earnings report. The company is scheduled to release its earnings on April 23, 2026. It is anticipated that the company will report an EPS of $2.02, marking a 61.6% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.53 billion, up 30.38% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.78 per share and a revenue of $26.27 billion, representing changes of +27.43% and +15.88%, respectively, from the prior year.
Any recent changes to analyst estimates for Newmont Corporation should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.14% decrease. Newmont Corporation currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Newmont Corporation is currently being traded at a Forward P/E ratio of 13. This denotes a premium relative to the industry average Forward P/E of 11.32.
We can additionally observe that NEM currently boasts a PEG ratio of 0.88. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NEM's industry had an average PEG ratio of 1.13 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 96, finds itself in the top 40% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.