NEM News: Can Newmont (NEM) Run Higher on Rising Earnings Estimates? - 8th May 2024, 2:20am

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Investors might want to bet on Newmont Corporation (NEM), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.

The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this gold and copper miner, should get reflected in its stock price. After all, empirical research shows a s...

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