Newmont delivered $1.6B in Q3 FCF, its fourth consecutive quarter above $1B, confirming exceptional cash generation and balance sheet strength in the middle of this new gold cycle. The company enters this phase with near-zero net debt, Tier 1 assets, and disciplined execution that supports resilient long-term FCF through different gold price scenarios. Despite gold trading above $4,000 per ounce, Newmont still trades at a clear discount to peers like Agnico Eagle, creating what I see as a very attractive opportunity.
Does Newmont Corporation (NEM) have what it takes to be a top stock pick for momentum investors? Let's find out.
NEM posts record Q3 free cash flow but flags higher Q4 spending pressures, raising questions about sustaining the momentum.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Zacks.com users have recently been watching Newmont (NEM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Investors will be weighing up how to shield their portfolios in case the rebound loses steam. These stocks look tempting.
Newmont Corporation (NEM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NEM broke through the 20-day moving average, which suggests a short-term bullish trend.
Newmont Corporation (NEM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NEM broke through the 50-day moving average, which suggests a short-term bullish trend.
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Newmont (NEM) possesses solid growth attributes, which could help it handily outperform the market.
Newmont (NEM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Investors looking for stocks in the Mining - Gold sector might want to consider either Newmont Corporation (NEM) or Agnico Eagle Mines (AEM). But which of these two companies is the best option for those looking for undervalued stocks?