Newmont saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 80 to 86.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the best-performing stocks typically have an 80 or better RS Rating as they begin their biggest climbs.
Risk Management In The Stock Market: How Much Money To Invest Now
While the stock is not near an ideal buy point right now, see if it manages to form and break out of a proper chart pattern.
While revenue growth fell last quarter from 85% to 43%, earnings-per-share grew 204%, up from 125% in the prior report.
The company earns the No. 1 rank among its peers in the Mining-Gold/Silver/Gems industry group. AngloGold Ashanti and DRDGOLD ADR are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!