Newmont Mining (US) (NEM) Buy, Sell or Hold

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Daily Stock Opinions and Ratings

Newmont Mining (US) (NEM)

123.07

-3.74 (2.95%)

as of Sep 14, 2026, 8:00:00 pm Market Open.

93 watching

COMMENT

If he had to own one major gold, this would be the one. Goldcorp (G-T) has lost itself as a pure gold play.

DON'T BUY

Seems to have some production problems right now. Would be more inclined to look at the midsize gold companies where there is some production growth.

BUY

One of the very biggest companies in the gold sector. A great proxy for the gold sector. Won't be one of the fastest growing ones.

BUY

The largest unhedged producer of gold. The only gold stock in the S&P. The short-term pullback is a really good opportunity to buy lots.

PAST TOP PICK

(A Top Pick Dec 28/05. Down 8%.) For insurance purposes, everybody should have some gold stocks. This one is the best managed with the best properties. Costs for gold miners around the world have gone up as much as the price of gold has gone up.

TRADE

There was some disappointment in their last earnings. He likes Pierre La'sau (sp) and wouldn't bet against him. If it went to the 45 or 48 he would look at it.

DON'T BUY

The only game in town in gold in the US. Smart management. Their production is down and their costs are up so the stock price has been hit. If you're going to buy 1 large cap, unhedged, US gold stock, this is the one you'll buy. In Canada, we have lots of good alternatives with better growth prospects. The stronger Cnd$ can also hurt you.

TOP PICK

Likes gold now that it is going up. This company is the best managed and the best assets and it doesn't hedge.

DON'T BUY

Has a model price of $29.43 which is a 33% premium. All gold stocks are massively overvalued. Wouldn't touch gold stocks.

WAIT

This company is really a proxy for the metal price, in this case gold. The main driver here will be what happens to the price of gold. There is already a premium built in to this and the other major gold producers. Would wait for gold to pull back a little before buying.

PAST TOP PICK

(A Top Pick Jun 6/05. Up 10%.) The premier gold company in the world. Good management.

COMMENT

Caller: Bull on gold. Sells PUTs out about 1.5 years on senior golds such as Placer (PDG-T) Barrick (ABX-T) or Newmont (NEM-N), and prepared to have the stocks sold to him at that price. Good idea? Answer: Great idea. Options on gold stocks are about the 4th decile in terms of their price (probably twice as expensive as options on the TSX (X-T) to give some perspective). This will give you a decent premium.

TOP PICK

The world's largest gold mining company. The best managed, the best financed. Stock has been hit in the last few months as gold has been hit. Outlook for gold is OK. Now seems to be moving up with the US$ which is odd.

WAIT

Keep a close eye on golds. His sector model indicates they are pretty sold out. Wait for buying to come back into the market. US$ has been strengthening against the Euro and there's been a very tight correlation with gold to the US$. Look for 1) stocks to rally along with the gold price and 2) gold starting to trade independently of the US$.

BUY

By far the best gold company in the world. Also likes Placer Dome (PDG-T) which trades at about half Newmont's valuation. Not as good a company, but at half the valuation, prefers Placer. Owns gold as a hedge against the US$.

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Newmont Mining (US) (NEM)