Maximizing Gains with Newmont Corporation (NEM): A Zacks Style Scores Analysis Guide for Investors

For both new and seasoned investors, taking full advantage of the stock market and investing with confidence are common goals. Achieving these goals can be made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, including value, growth, and momentum. The Style Scores can help narrow down which stocks are best for your portfolio and which are likely to outperform the market over the long term.

One such stock that stands out as a potential momentum play is Newmont Corporation (NEM). Based in Colorado, Newmont is one of the world's largest producers of gold, with active mines in Nevada, Peru, Australia, and Ghana. As of December 31, 2024, Newmont had gold mineral reserves of 134.1 million ounces, and its attributable gold production for 2024 was around 6.8 million ounces.

NEM boasts a Momentum Style Score of A and a VGM Score of A, as well as a Zacks Rank #1 (Strong Buy) rating. The stock has seen some interesting price action recently, with a 2.3% increase over the past week and a 10.8% increase over the past four weeks. In the last one-year period, NEM has gained 39.6%. The stock's trading volume has also been strong, with an average of 12,224,066 shares traded over the last 20 days.

Momentum investors pay attention not only to price changes but also to positive earnings. In the last 60 days, four analysts revised their earnings estimate upwards for fiscal 2025. The Zacks Consensus Estimate has increased from $3.77 to $4.32 per share, and NEM boasts an average earnings surprise of 32.4%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should consider adding NEM to their portfolios.

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Newmont Corporation (NEM) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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