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.
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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.
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