NEM: Accumulating Demand in a Sustained UptrendNewmont CorporationBATS:NEMfinvestnomicsNewmont Corporation (NEM) is showing signs of accumulating demand as the stock maintains a clear uptrend, characterized by higher highs and higher lows above aligned moving averages. This bullish pattern aligns with the broader uptrends observed in precious metals markets. As a leading mining company with a market capitalization of $138.67 billion, Newmont engages in the exploration, acquisition, and production of gold properties, which may also contain copper, silver, lead, zinc, or other metals. The company operates across diverse geographical segments, including Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and the United States. Fundamentally NEM , Newmont has demonstrated strong performance, with consistent double-digit revenue growth over the past five quarters. Earnings per share (EPS) have shown triple-digit growth in most of these periods, except for the most recent quarter. In the last three quarters, the company has maintained robust profitability metrics: return on equity (ROE) at approximately 22%, return on invested capital (ROIC) at 18%, and net margins exceeding 19%. Additionally, the current ratio stands at 1.3x, indicating solid liquidity, while the debt-to-equity ratio remains low at 0.2x, reflecting a conservative balance sheet.