Here's Why Newmont Corporation (NEM) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
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, 2024, Newmont had gold mineral reserves of 134.1 million ounces. Its attributable gold production for 2024 was around 6.8 million ounces.
NEM is a Zacks Rank #2 (Buy) stock, with a Value Style Score of B and VGM Score of A. Shares are currently trading at a forward P/E of 13.9X for the current fiscal year compared to the Mining - Gold industry's P/E 13.4X. Additionally, NEM has a PEG Ratio of 1 and a Price/Cash Flow ratio of 9.9X. Value investors should also note NEM's Price/Sales ratio of 3.3X.
Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too.Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.46 to $4.18. NEM has an average earnings surprise of 32.4%.
Investors should take the time to consider NEM for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Newmont Corporation (NEM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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