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Newmont Goldcorp (NGT-T)
TSE:NGT
57.58
0.37
(0.65%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 3 opinions in the last 12 months.
Newmont Goldcorp (NGT-T) is highly regarded by experts for its excellent management team, good capital allocation skills, and lack of geographic risk. Despite being the largest gold producer in the world, some experts believe that owning gold over the last 20 years has been a tough game and suggest looking at copper miners for better risk/reward. The recent acquisition is expected to bring synergies and the balance sheet is still in good shape.
$72.430
Owned
Owned by the big institutions and they're out chasing AI stocks, so not much interest in gold.
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.
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)
Newmont Goldcorp(NGT-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 3
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, 3 stock analysts published opinions about NGT-T. 1 analyst recommended to BUY the stock. 2 analysts 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?
3 stock analysts 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 2024-11-15, Newmont Goldcorp (NGT-T) stock closed at a price of $57.58.
Still owns shares, and believes business will continue to perform. Excellent management team with good capital allocation skills. Doesn't have geographic risk that other producers have. Very good at finding gold and new assets.