Why Newmont Corporation (NEM) is a Top Growth Stock for the Long-Term

Newmont Corporation (NEM), a leading global gold producer, is highlighted as a compelling growth prospect, holding a Zacks #2 (Buy) Rank and top-tier 'A' scores for both Growth and VGM. The company is projected for 24.4% year-over-year earnings growth, supported by recent upward revisions in fiscal 2025 earnings estimates by analysts, pushing the Zacks Consensus Estimate to $4.33 per share. Furthermore, NEM boasts an impressive average earnings surprise of 32.4%, positioning it as a strong consideration for investors seeking growth.

Analysis

Newmont Corporation (NEM) exhibits a strong growth profile supported by positive analyst sentiment and robust forward-looking metrics. The company is forecast to achieve 24.4% year-over-year earnings growth for the current fiscal year, a projection bolstered by recent positive revisions. Specifically, four analysts have revised their fiscal 2025 earnings estimates upward within the last 60 days, causing the Zacks Consensus Estimate to increase by $0.52 to $4.33 per share. This positive outlook is further substantiated by the company's historical performance, where it has demonstrated an average earnings surprise of +32.4%, indicating a consistent ability to exceed market expectations. As one of the world's largest gold producers with stated reserves of 134.1 million ounces and 2024 production of 6.8 million ounces, these financial projections are anchored to a significant operational scale. The combination of a Zacks #2 (Buy) rank with top-tier 'A' scores for both Growth and overall VGM (Value, Growth, Momentum) quantifies this bullish fundamental picture.

Key Decisions for Investors

• Given the consensus of upward earnings revisions and a 24.4% growth forecast, growth-focused investors should view Newmont as a candidate for a long position.
• Investors should closely monitor upcoming earnings releases to see if the company's performance continues to exceed the newly raised consensus estimate of $4.33 for fiscal 2025, as maintaining its +32.4% average surprise would be a significant bullish indicator.
• As a leading gold producer, the realization of NEM's strong earnings potential is inherently tied to commodity prices, which should be considered a primary factor when evaluating the risk-reward profile of an investment.