Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
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: 3 Reasons For Upside After Overcorrection
Newmont Corporation's price decline is an opportunity to buy the otherwise strong stock at a discount. While earnings might have fallen short of expectations in Q3 2024, on their own they are robust, and the outlook for the company and gold prices is positive too. NEM's market multiples indicate the possibility of a doubling in price in 2025, though risks to gold prices should be taken into account as well.
Newmont Corporation: Valuation Is Now More Attractive
Newmont Corporation's recent asset divestitures, including the Eleonore mine sale, are part of a strategy to optimize its portfolio and strengthen its capital position. Despite rising operational costs, Newmont's strong cash flow and revenue growth, driven by high gold prices, make it a compelling buy at the current price. Newmont's valuation metrics, including a low P/E and P/CF ratio, suggest the stock is undervalued, presenting a buying opportunity for value-oriented investors.
Newmont Announces Sale of Eleonore for $795 Million in Cash
NEM believes that Dhilmar, which has extensive experience in gold and copper mining, will be an excellent steward of the asset.
Newmont to sell Éléonore mine for $795 million
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Is Newmont (NEM) Stock Outpacing Its Basic Materials Peers This Year?
Here is how Newmont Corporation (NEM) and Agnico Eagle Mines (AEM) have performed compared to their sector so far this year.
NEM vs. AGI: Which Stock Is the Better Value Option?
Investors with an interest in Mining - Gold stocks have likely encountered both Newmont Corporation (NEM) and Alamos Gold (AGI). But which of these two stocks presents investors with the better value opportunity right now?
Newmont to Divest Musselwhite Operation for Up to $850 Million
NEM continues to use free cash flow from operations and divestiture proceeds to increase long-term value for shareholders.
Newmont Ontario gold mine sale opens door for further buybacks - analyst
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM)'s Musselwhite gold mine sale to Orla Mining is set to open the door for further share buybacks, Jefferies analysts believe. The $810 million sale of the Ontario mine was unveiled on Monday under a wider effort to divest away from non-core assets.
Newmont Corporation (NEM) Is a Trending Stock: Facts to Know Before Betting on It
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 (NEM) Loses -28% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Newmont (NEM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Newmont: The Top Risk-Adjusted Gold Miner To Buy Today
Newmont is significantly undervalued, on the latest selloff to $45 per share, given the logic of substantial 2025 gold gains on a looming dollar devaluation. Extensive gold reserves, low production costs, a strong balance sheet and high dividend yield are well worth the price of admission. The company's forward P/E ratio is historically very low, suggesting a 50% discount to its potential long-term value, with a target price range of $90-$100 per share in 18 to 24 months.
