Here's Why Newmont Corporation (NEM) is a Strong Growth Stock

Newmont Corporation (NEM) is rated a Zacks Rank #1 (Strong Buy) with a VGM Score of A, indicating strong potential for both value, growth, and momentum investors. The company, one of the world's largest gold producers with 134.1 million ounces in reserves as of December 2024, is projected to experience 20.1% year-over-year earnings growth, supported by upward earnings estimate revisions, with the consensus for fiscal year 2025 rising $1.05 to $4.18 per share.

Analysis

Newmont Corporation (NEM), a leading global gold producer with substantial gold mineral reserves of 134.1 million ounces as of December 31, 2024, and attributable gold production of approximately 6.8 million ounces for 2024, is presented as a strong investment candidate based on Zacks' proprietary rating system. The company holds a Zacks Rank #1 (Strong Buy) and a VGM Score of A, indicating a favorable outlook across value, growth, and momentum metrics. Further supporting this, NEM exhibits a Growth Style Score of B, with a projected year-over-year earnings growth of 20.1% for the current fiscal year. Analyst sentiment appears robust, evidenced by six upward earnings estimate revisions for fiscal 2025 within the past 60 days, leading to an increase in the Zacks Consensus Estimate by $1.05 to $4.18 per share for that period. Additionally, Newmont has demonstrated a capacity to outperform expectations, boasting an average earnings surprise of 32.4%. These combined factors underscore the rationale behind its classification as a strong growth stock.

Key Decisions for Investors

• Investors seeking exposure to the gold sector with a growth-oriented profile should consider Newmont Corporation, given its strong Zacks Rank, positive earnings growth forecast of 20.1%, and upward fiscal 2025 earnings estimate revisions.
• The consistent positive earnings surprises, averaging 32.4%, suggest a pattern of operational outperformance that may warrant further due diligence for potential inclusion in portfolios.
• Given the favorable VGM score of A, investors might find NEM attractive from a combined value, growth, and momentum perspective, aligning with the metrics highlighted by the Zacks analysis.