Newmont Corporation (NEM Quick QuoteNEM - Free Report) closed the most recent trading day at $103.79, moving -1.78% from the previous trading session. This change lagged the S&P 500's 1.09% gain on the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.91%.

Prior to today's trading, shares of the gold and copper miner had lost 1.6% lagged the Basic Materials sector's gain of 1.77% and the S&P 500's gain of 0.29%.

The investment community will be paying close attention to the earnings performance of Newmont Corporation in its upcoming release. The company is predicted to post an EPS of $2.25, indicating a 57.34% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $6.19 billion, up 16.38% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $9.91 per share and revenue of $27.25 billion, which would represent changes of +43.83% and +20.2%, 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 a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.62% higher within the past month. Newmont Corporation is currently a Zacks Rank #1 (Strong Buy).

In the context of valuation, Newmont Corporation is at present trading with a Forward P/E ratio of 10.67. For comparison, its industry has an average Forward P/E of 9.6, which means Newmont Corporation is trading at a premium to the group.

It is also worth noting that NEM currently has a PEG ratio of 1.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.96.

The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 164, this industry ranks in the bottom 33% of all industries, numbering over 250.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.