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- NEM stock is undervalued and has the potential to reach $52.75, indicating a potential upside of 33% if management successfully implements cost management plans and gold prices remain strong. Anticipating growth in net profits over the next couple of years, I assign a "Buy" rating today.
seekingalpha.com/article/4682597-newmont-stock-potential-upside-buy
People also ask
Is Newmont a good stock to buy in Q1 2022?
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Is Newmont Corporation (nem) a good buy for 2024?
Newmont is overvalued based on conservative NAV valuation but offers a 63% margin of safety at $1800/oz gold prices. Based on mining multiples, NEM offers excellent value, too.
Nov 28, 2023 · Newmont offers a bargain valuation vs. lesser peers and historical comparisons with a strong dividend yield backstop, making it an attractive investment opportunity. I am upgrading my rating to...
Jul 22, 2024 · Newmont Corporation (NYSE: NEM), one of the world’s largest gold miners, is expected to publish its Q2 2024 results on July 25, reporting on a quarter that saw strong gold prices. We expect...
6 days ago · Newmont Corporation (NYSE:NEM), the biggest gold miner by market capitalization (MCAP), has had a good 2024 at the stock markets so far, with 30% price increase.
- Newmont Earnings
- Gold Outlook
- Should You Buy Newmont Stock Now?
Newmont is the world’s largest gold producer with anticipated annual output of more than six million ounces. The company reported disappointing Q1 2022 results, sending the stock price lower, as investors reacted negatively to the 8% decrease in attributable gold production. Newmont generated US$689 million in cash from continuing operations and US...
Gold hit a 2022 high near US$2,080 before giving back some of the gains in the past few weeks. A surge in the value of the U.S. dollar against a basket of international currencies is one reason for the drop. Gold is priced in American dollars, so a rising greenback makes gold more expensive for holders of other currencies. Gold is also coming under...
Newmont trades near $93 on the TSX at the time of writing compared $108 a couple of weeks ago. Ongoing volatility should be expected, so I wouldn’t back up the truck, but gold bulls who think the price of gold will move back above US$2,000 in the coming months might want to take advantage of the pullback to add some Newmont stock to their portfolio...
Apr 4, 2024 · Our Morningstar Uncertainty Rating for Newmont is Medium, reflecting cyclical gold prices, operating leverage, and high capital intensity, partly offset by a strong balance sheet.
3 days ago · In its Q2 2024 results, Newmont Corporation (NYSE:NEM) reported revenue of $4.4 billion, fueled by the production of 1.6 million ounces of gold and 477,000 gold equivalent ounces from other metals.
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related to: Is Newmont a good investment if the gold price remains flat?Compare rates for Precious Metal Bars & Coins. Get the best deals on Precious Metals. Expert Reviews & Analysis. Ratings Updated October. Trusted by Over 1,000,000 Customers
