
TSE:NGT
This summary was created by AI, based on 1 opinions in the last 12 months.
Newmont Goldcorp (NGT-T) is currently regarded as one of the leading options among U.S. gold stocks, particularly appealing to American investors looking to engage in the gold sector. The company’s performance appears to be in sync with broader gold market trends, making it a key player amid increasing interest in precious metals. Analysts suggest that it stands out in the crowded field of gold investments, given its prominence and accessibility for U.S. investors. While there is optimism surrounding its prospects, experts recommend implementing a trailing stop strategy to manage risks effectively and capitalize on potential price fluctuations.
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.
Gold picks? He predicted gold would breakout and it has. Gold is way above its 20-day moving average. Interest rates are low, and there are many geopolitical problems, both of which are tailwinds. Gold is your friend. Agnico-Eagle and Newmont are the best picks, and he is adding on weakness. Gold is the place to be now, in a bull market.