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Newmont Goldcorp (NGT-T)
TSE:NGT
58.38
0.88
(1.48%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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U.S inflation hot, GDP cool, Wall Street down, TSX flatMost Anticipated Earnings: ARE-T, AGI-T and more Canadian Companies Reporting Earnings this Week (Apr 22-26)Mild gains, Charlie Munger diesThis summary was created by AI, based on 2 opinions in the last 12 months.
Newmont Goldcorp (NGT-T) is the No. 1 largest gold producer in the world and is expected to benefit from synergies from its latest acquisition. The company's balance sheet is in good shape and is well-run. However, owning gold over the last 20 years has been challenging, so experts recommend considering copper miners for better risk/reward. The recent takeover of Newcrest has propelled Newmont Goldcorp to become the largest in the world at what it does, with exposure to all metals, especially copper. The company operates primarily in relatively low-risk areas and presents an attractive opportunity for gold exposure during uncertain times.
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Takeover of Newcrest is huge, propelling it to be the largest in the world at what it does. Exposure to all the metals, and especially to copper with the acquisition. Operates primarily in relatively low-risk areas. Attractive opportunity for some gold exposure during uncertain times such as now. Yield is 4.14%.
(Analysts’ price target is $70.61)
Stockchase Research Editor: Michael O'Reilly This is a bit of a defensive holding, in the event the market continues to push gold higher -- as many analysts believe could be the case. Gold stocks have rallied as of late with the investment of ABX by Warren Buffet. NMC pays a nice dividend and with a payout ratio of only 14% of cash flow, it should be safe. Cash flow from operations were recently reported up 120% from last year and that goes directly to the bottom line. The recent pullback from highs near $95 is a good opportunity to enter here. Analyst price targets are over $103 -- giving over 15% upside. We would trade this with a $83 stop loss. Yield 1.46% (Analysts’ price target is $103.65)
ABX-T owns the majority of the joint venture and NGT-T owns about 40%. This is a deal that should have happened a long time ago. You had all these ounces that could be treated at a plant next door but you could not do that and it was not economic to do so at another plant. It shows some sanity to generalist investors. ABX-T did the best out of it.
Newmont Goldcorp(NGT-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
Newmont Goldcorp(NGT-T) Frequently Asked Questions
What is Newmont Goldcorp stock symbol?
Newmont Goldcorp is a Canadian stock, trading under the symbol NGT-T on the Toronto Stock Exchange (NGT-CT). It is usually referred to as TSX:NGT or NGT-T
Is Newmont Goldcorp a buy or a sell?
In the last year, 1 stock analyst published opinions about NGT-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Newmont Goldcorp.
Is Newmont Goldcorp a good investment or a top pick?
Newmont Goldcorp was recommended as a Top Pick by on . Read the latest stock experts ratings for Newmont Goldcorp.
Why is Newmont Goldcorp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Newmont Goldcorp worth watching?
1 stock analyst on Stockchase covered Newmont Goldcorp In the last year. It is a trending stock that is worth watching.
What is Newmont Goldcorp stock price?
On 2024-04-26, Newmont Goldcorp (NGT-T) stock closed at a price of $58.38.
Largest gold producer in the world. Global. Expects synergies from latest acquisition. Balance sheet still in good shape. Well run. A go-to, if you like gold. But look at the chart -- owning gold over the last 20 years has been a tough game.
If you want a miner, go with the copper miners, better risk/reward, part of the next ESG evolution/revolution of where the world is going.