Investors Heavily Search Newmont Corporation (NEM): Here is What You Need to Know
Newmont (NEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Newmont CEO outlines strategy following divestment program, acquisition
Newmont Corp. is focused on improving its cost structure and demonstrating the value of its portfolio after a year of significant changes, including a major acquisition and a divestment program, according to CEO Tom Palmer.
Newmont to Divest its Porcupine Operation for up to $425 Million
The agreement to sell Porcupine Operation for $425 million marks the final transaction of NEM's divestiture program.
Newmont Corporation (NEM) Increases Despite Market Slip: Here's What You Need to Know
Newmont Corporation (NEM) closed at $42.04 in the latest trading session, marking a +0.21% move from the prior day.
Newmont Corporation (NEM) Stock Drops Despite Market Gains: Important Facts to Note
Newmont Corporation (NEM) reachead $41.68 at the closing of the latest trading day, reflecting a -1.58% change compared to its last close.
Here's Why Newmont Corporation (NEM) is a Strong Value Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Here is What to Know Beyond Why Newmont Corporation (NEM) is a Trending Stock
Newmont (NEM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Newmont Corporation (NEM) Rises As Market Takes a Dip: Key Facts
In the most recent trading session, Newmont Corporation (NEM) closed at $41.65, indicating a +0.68% shift from the previous trading day.
What Drove Newmont Stock Down 33%?
Newmont Corporation (NYSE: NEM), the world's largest gold miner, has seen its stock underperform since September end, falling by 33% compared to the S&P 500 which is up 1.8%. Newmont's stock price movement is aligned with that for its peers, including Freeport-McMoRan (NYSE: FCX) which is down 24%, Barrick Gold (NYSE: GOLD) which is down 27%, and VALE (NYSE: VALE) which is down 28% during the same period.
Gold Miners Reaping A Record Cash Harvest
Cash harvesting sounds more like farming than mining, but that's the point reached by goldmining companies which are awash with cash after three years of high gold prices.
Newmont Stock Loses 27% in 3 Months: Should You Buy Now?
NEM remains hamstrung by higher production costs, which has contributed to its underperformance.
Newmont Stock: A 'Once-In-A-Generation' Buy 2.0
I discussed NEM's merits as a 'Once in a generation buy' last March. The stock surged by 75% following that article until late October 2024. However, it has recently dropped by over 33%.
