Why NEWMONT CORP (NYSE:NEM) is Poised for High Growth.

In this article we will dive into NEWMONT CORP (NYSE:NEM) as a possible candidate for growth investing. Investors should always do their own research, but we noticed NEWMONT CORP showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.

Highlighting Notable Growth Metrics of NEM.

• NEM has a healthy Return on Equity(ROE) of 16.22%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• NEM has exceeded EPS estimates 3 times in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• With notable 1-year revenue growth of 49.51%, NEM exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• NEM has experienced 24.53% q2q revenue growth, indicating a significant sales increase.
• The operating margin of NEM has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• NEM has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• The recent financial report of NEM demonstrates a 127.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• NEM has seen a 11.03% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• NEM has experienced %EPSYGROWTHTTM% growth in EPS over a 12 month period, demonstrating its ability to generate sustained and positive earnings momentum.
• NEM shows accelerating EPS growth: when comparing the current Q2Q growth of 127.0% to the previous year Q2Q growth of 37.5%, we see the growth rate improving.

How does the complete fundamental picture look for NEM?

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

NEM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 153 industry peers in the Metals & Mining industry. While NEM has a great profitability rating, there are some minor concerns on its financial health. NEM is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make NEM a good candidate for value investing.

Check the latest full fundamental report of NEM for a complete fundamental analysis.

More growth stocks can be found in our Lois Navellier screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.