Newmont Corporation (NEM) is a gold mining company with a market cap of $144 billion. Over the past 52 weeks, NEM shares have surged 219.1%, outperforming the S&P 500 Index. The stock is also up 32.2% YTD, surpassing the VanEck Gold Miners ETF.

On Jan. 28, NEM shares rose 3.9% as gold prices hit a new all-time high, boosting investor optimism. Analysts project NEM’s EPS to grow 81.9% year over year to $6.33 for the current fiscal year. The consensus rating for NEM is a “Strong Buy” from 23 analysts.

The configuration for NEM is more bullish than a month ago, with 16 analysts rating it a “Strong Buy.” The Bank of Nova Scotia maintained an “Outperform” rating on NEM with a price target of $152, indicating a 15.2% potential upside. NEM is trading above its mean price target.

Read more at Yahoo Finance: Is Wall Street Bullish or Bearish on Newmont Stock?