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.
NextEra Energy leads Zacks??? top analyst reports as strong renewable growth, solid demand and strategic investments drive its recent outperformance.
I am rating Newmont Corporation a Strong Buy, driven by record free cash flow, new mine launches, and a streamlined organization. NEM trades at 18x FWD earnings and a 0.32x PEG, reflecting a steep discount to sector growth despite superior fundamentals and execution. Operational improvements, including a leaner structure and cost discipline, are already reducing G&A expenses by 15% and supporting margin expansion.
Newmont Corporation (NEM) closed at $121.69 in the latest trading session, marking a +2.34% move from the prior day.
Newmont Corporation is reiterated as a Strong Buy due to robust gold and copper price tailwinds and exceptional profitability. NEM's forward P/E and PEG ratios signal undervaluation, with profitability and margins outpacing both sector peers and its historical averages. Structural copper shortages and central bank gold demand underpin long-term bullishness, despite Wall Street's muted consensus price target.
Gold's record rally has fueled momentum for B and NEM as both mining giants expand projects and strengthen balance sheets.
Recently, Zacks.com users have been paying close attention to Newmont (NEM). This makes it worthwhile to examine what the stock has in store.
Newmont stock is up 26% in three months as gold hits record highs and projects advance, but falling production tempers the case.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
NEM's Q3 capital spending fell 17%, helping free cash flow more than double to a record $1.6B, and 2025 capex cut could support cash flow.
Newmont Corporation (NEM) closed the most recent trading day at $114.63, moving +1.48% from the previous trading session.
Newmont stock is up 26% in three months as gold hits record highs and projects advance, but falling production tempers the case.