Streetbeat News

NEM

Newmont Corporation

https://www.newmont.com

Industry

Gold

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.

Open

41.05

Mkt cap

47B

Volume

12M

High

41.31

P/E Ratio

-18.69

52-wk high

58.72

Low

40.60

Div yield

0.03

52-wk low

29.42

The article compares Newmont Corporation (NEM) and Alamos Gold (AGI) to determine which stock offers a better value opportunity for investors interested in gold mining stocks.

Portfolio Pulse from

November 21, 2024 | 6:00 pm

Newmont Corporation is set to divest its Musselwhite operation for up to $850 million. The company plans to use the proceeds from this divestiture, along with free cash flow from operations, to enhance long-term shareholder value.

Portfolio Pulse from

November 20, 2024 | 1:15 pm

Newmont Corporation has sold its Musselwhite gold mine in Ontario to Orla Mining for $810 million. This divestment is part of Newmont's strategy to focus on core assets and may lead to further share buybacks, according to Jefferies analysts.

Portfolio Pulse from

November 19, 2024 | 4:45 pm

Newmont Corporation (NEM) is gaining attention from investors on Zacks.com. Investors should consider key facts that could influence the stock's future performance.

Portfolio Pulse from

November 19, 2024 | 3:15 pm

Newmont (NEM) has experienced a 28% decline over the past four weeks, leading to an oversold status. This, along with positive revisions in earnings estimates by analysts, suggests a potential trend reversal for the stock.

Portfolio Pulse from

November 15, 2024 | 4:00 pm

Kenorland Minerals Ltd. announced a winter 2025 drill program at the Deux Orignaux prospect and that Newmont Corporation has commenced Phase 2 of the earn-in agreement to potentially increase its stake in the Chebistuan project in Quebec.

Portfolio Pulse from

November 13, 2024 | 12:45 pm

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.

Portfolio Pulse from

November 11, 2024 | 4:00 pm

Newmont Corporation (NEM) is trading at a lower valuation compared to its industry peers. With a strong portfolio and growth prospects, it presents a solid investment opportunity for those interested in the gold market.

Portfolio Pulse from

November 08, 2024 | 9:15 pm

Investors are showing increased interest in Newmont Corporation (NEM), as indicated by the high search activity on Zacks.com. This suggests that there is a growing curiosity or concern about the company's stock prospects.

Portfolio Pulse from

November 08, 2024 | 3:15 pm

Newmont Corporation (NYSE: NEM) has seen a 13% decline in its stock price over the last month, underperforming compared to the S&P 500's 1.5% increase. This decline comes despite expectations of strong performance due to rising gold demand amidst U.S. election uncertainties.

Portfolio Pulse from

November 08, 2024 | 10:15 am

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