NEM believes that Dhilmar, which has extensive experience in gold and copper mining, will be an excellent steward of the asset.
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.
Here is how Newmont Corporation (NEM) and Agnico Eagle Mines (AEM) have performed compared to their sector so far this year.
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?
NEM continues to use free cash flow from operations and divestiture proceeds to increase long-term value for shareholders.
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 (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) 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 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.
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.