Does Newmont Corporation (NEM) have what it takes to be a top stock pick for momentum investors? Let's find out.
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?
Newmont Corporation remains a 'buy' as it benefits from a favorable macro environment and strong management execution. NEM is optimizing its portfolio by shedding less profitable assets, improving margins, and strengthening its balance sheet, positioning itself for long-term growth. The stock remains undervalued, with forward P/E ratios expected to decline sharply, suggesting further upside despite recent gains.
NEM's first gold pour at Ahafo North signals a major step toward commercial output and reinforces its growth outlook.
Newmont is upgraded to Strong Buy due to robust fundamentals, portfolio rebalancing, and macro tailwinds supporting gold prices. NEM's latest results showed strong cash flow, with potential for massive annualized free cash flow at current gold prices, enabling expansion or higher shareholder returns. Portfolio adjustments and a new CEO position NEM for renewed growth, with further acquisitions and operational improvements likely to drive upside.
Newmont Corporation is upgraded with a new price target above $100, reflecting record gold prices and strong operational performance. NEM delivered a robust Q2, beating EPS and revenue estimates, with record free cash flow and a significant reduction in net debt. Valuation remains attractive despite technical overbought conditions, as NEM benefits from rising gold and by-product prices, plus aggressive share buybacks.
A favorable operating environment has led to Newmont's share surge, benefiting in a big way from elevated gold prices.
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Here is how Newmont Corporation (NEM) and Novagold (NG) have performed compared to their sector so far this year.
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?
Newmont's record free cash flow, $6B buyback boost, and $2B shareholder returns highlight its aggressive capital allocation strategy.
The Investment Committee debate the latest Calls o the Day.