With a robust portfolio of projects and a healthy growth trajectory, NEM presents a solid investment case for those looking to capitalize on the gold rally.
Barclays raised the firm's price target on Nemetschek to EUR 125 from EUR 108 and keeps an Overweight rating on the shares.
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.
Newmont Corporation (NYSE: NEM), the world's largest gold miner, has seen its stock underperform over the last month, falling by 13% compared to the S&P 500 which was up 1.5%. The decline in stock prices has been primarily due to the stellar performance being expected due to rising demand of gold, amidst uncertainties surrounding the U.S. Presidential elections.
Rising costs are preventing this mining company from cashing in on rising gold prices.
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?
Investors looking for stocks in the Mining - Gold sector might want to consider either Newmont Corporation (NEM) or Alamos Gold (AGI). But which of these two companies is the best option for those looking for undervalued stocks?
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.
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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.
Newmont's Q3 earnings release stunned the market as the gold miner struggled with high costs. The lowered production outlook is attributed to operational challenges in its recent acquisition. Newmont's robust profitability is expected to underpin its resilient buying sentiments.
Gold is outperforming the S&P 500 in 2024.