Newmont Corporation (NEM) closed at $105.78, up 1% from the prior session, outperforming the S&P 500, which dropped 0.03%. The stock has risen 15.7% in the past month, leading the sector’s gain of 9.22% and the S&P 500’s gain of 2.57%.
Analysts project an EPS of $1.51 for Newmont’s upcoming earnings, a 7.86% increase YoY. Revenue is estimated at $5.45 billion, a 3.5% decrease from the same quarter last year. For the full fiscal year, estimates forecast earnings of $6.06 per share and revenue of $21.12 billion.
Newmont Corporation holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 17.29, slightly below the industry average. The stock’s PEG ratio of 0.73 indicates a favorable position compared to the industry’s average of 0.56. The Mining – Gold industry is ranked 47 out of 250+ industries.
Read more at Nasdaq: Newmont Corporation (NEM) Ascends While Market Falls: Some Facts to Note
