In the latest trading session, Newmont Corporation (NEM) closed at $94.81, marking a +1.73% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.81%. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 1.3%.
Shares of the gold and copper miner have appreciated by 0.46% over the course of the past month, outperforming the Basic Materials sector's loss of 4.72%, and lagging the S&P 500's gain of 1.13%.
The upcoming earnings release of Newmont Corporation will be of great interest to investors. The company's earnings report is expected on July 23, 2026. The company's earnings per share (EPS) are projected to be $2.19, reflecting a 53.15% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.19 billion, reflecting a 16.38% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.76 per share and revenue of $26.74 billion, which would represent changes of +41.65% and +17.96%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Newmont Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.49% lower within the past month. Newmont Corporation currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Newmont Corporation is at present trading with a Forward P/E ratio of 9.55. For comparison, its industry has an average Forward P/E of 8.98, 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 1.57. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.83.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).