Newmont: The Top Risk-Adjusted Gold Miner To Buy Today
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Newmont is currently undervalued at $45 per share, with potential for significant gains due to expected gold price increases and dollar devaluation. The company has extensive gold reserves, low production costs, a strong balance sheet, and a high dividend yield. Its forward P/E ratio suggests a 50% discount to its long-term value, with a target price of $90-$100 in 18-24 months.
November 11, 2024 | 4:00 pm
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Newmont is undervalued at $45 per share, with potential for significant gains due to expected gold price increases and dollar devaluation. The company's strong fundamentals support a target price of $90-$100 in 18-24 months.
Newmont's current undervaluation, combined with its strong balance sheet, low production costs, and high dividend yield, positions it well for future gains. The expected increase in gold prices and dollar devaluation further support the potential for a significant price increase to $90-$100 per share in the next 18-24 months.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100