Can Newmont (NEM) Run Higher on Rising Earnings Estimates?
NEMNewmont(NEM) Zacks Investment Research·2024-05-08 01:21

Investors might want to bet on Newmont Corporation (NEM) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this gold and copper miner, should get reflected in its stock price. After all, empirical research shows a strong correl ...