Here's Why Newmont Corporation (NEM) is a Strong Growth Stock

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score emphasizes identifying undervalued stocks using financial ratios [3] - Growth Score focuses on a company's future earnings and financial health [4] - Momentum Score assesses stocks based on price trends and earnings estimate changes [5] - VGM Score combines all three styles to identify stocks with the best overall potential [6] Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investment decisions [7] - Stocks rated 1 (Strong Buy) have historically delivered an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - There are over 800 stocks rated 1 or 2, making it essential for investors to utilize Style Scores to narrow down choices [9] Stock Example: Newmont Corporation - Newmont Corporation is a leading gold producer with significant reserves and production capabilities [11] - The company holds a 1 (Strong Buy) Zacks Rank and has a VGM Score of A, indicating strong investment potential [11] - Newmont's Growth Style Score is B, with a projected year-over-year earnings growth of 20.1% for the current fiscal year [12] - Recent analyst revisions have increased earnings estimates, further supporting Newmont's strong performance outlook [12]