NEWMONT CORP (NYSE:NEM) – A Gold Stock Meeting Louis Navellier's Growth Criteria

NEWMONT CORP (NYSE:NEM) was identified by our stock screener as a potential candidate for growth investors following Louis Navellier’s "Little Book That Makes You Rich" strategy. The company demonstrates strong fundamentals, including earnings momentum, expanding margins, and solid cash flow growth. Below, we examine why NEM fits Navellier’s criteria.

Key Strengths Based on Navellier’s Rules

• Positive Earnings Revisions: Analysts have raised EPS estimates for the next quarter by 6.86% over the past three months, signaling improving expectations.
• Earnings Surprises: NEM has surpassed earnings estimates in three of the last four quarters, with an average surprise of 18.75%.
• Sales Growth: Revenue grew 49.51% year-over-year, with quarterly sales up 24.53%—well above the screener’s 20% threshold.
• Expanding Operating Margins: Operating margin surged 305.77% over the past year, reflecting improved profitability.
• Strong Cash Flow: Free cash flow increased 468.62% year-over-year, providing financial flexibility.
• Earnings Growth: EPS grew 140.23% year-over-year and 127.27% quarter-over-quarter, showing strong momentum.
• High Return on Equity (ROE): At 16.22%, NEM’s ROE outperforms 89.10% of its industry peers.

Fundamental Overview

NEM’s fundamental report highlights a profitability score of 8/10, driven by high margins and strong returns on capital. However, concerns include declining future earnings estimates and a modest dividend yield of 1.72%. Valuation appears reasonable, with a P/E of 13.93, below both industry and S&P 500 averages.

Our Little Book screener lists more stocks matching these criteria, updated daily.

Disclaimer

This is not investing advice. Always conduct your own research before making investment decisions.