廣告
香港股市 將在 5 小時 25 分鐘 開市

  • 恒指

    19,073.71
    -41.35 (-0.22%)
     

  • 國指

    6,741.41
    -20.23 (-0.30%)
     

  • 上證綜指

    3,119.90
    -25.87 (-0.82%)
     

  • 道指

    39,908.00
    +349.89 (+0.88%)
     

  • 標普 500

    5,308.15
    +61.47 (+1.17%)
     

  • 納指

    16,742.39
    +231.21 (+1.40%)
     

  • Vix指數

    12.45
    -0.97 (-7.23%)
     

  • 富時100

    8,445.80
    +17.67 (+0.21%)
     

  • 紐約期油

    78.85
    +0.83 (+1.06%)
     

  • 金價

    2,392.40
    +32.50 (+1.38%)
     

  • 美元

    7.8094
    -0.0025 (-0.03%)
     

  • 人民幣

    0.9239
    -0.0015 (-0.16%)
     

  • 日圓

    0.0501
    +0.0005 (+0.91%)
     

  • 歐元

    8.4978
    +0.0490 (+0.58%)
     

  • Bitcoin

    65,924.22
    +4,359.70 (+7.08%)
     

  • CMC Crypto 200

    1,393.29
    +125.34 (+9.88%)
     

Newmont Corporation (NEM) is a Top-Ranked Momentum Stock: Should You Buy?

Zacks Equity Research
·2 分鐘文章

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

廣告

Newmont Corporation (NEM)

Colorado-based Newmont Corporation is one of the world's largest producers of gold with several active mines in Nevada, Peru, Australia and Ghana. As of Dec 31, 2023, Newmont had gold mineral reserves of more than 135.9 million ounces. Its attributable gold production for 2023 was 5.5 million ounces.

NEM boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Newmont Corporation has seen some interesting price action recently; the stock is up 7.8% over the past one week and up 10.5% over the past four weeks. And in the last one-year period, NEM has lost 15.4%. As for the stock's trading volume, 14,996,542 shares on average were traded over the last 20 days.

Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.14 to $2.16 per share. NEM boasts an average earnings surprise of 6.4%.

Investors should take the time to consider NEM for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Newmont Corporation (NEM) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research