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Newmont Goldcorp (NGT-T)
TSE:NGT
55.65
1.05
(1.92%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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$53.130
Owned
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.
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.
Newmont Goldcorp(NGT-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
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, there was no coverage of Newmont Goldcorp published on Stockchase.
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?
0 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 2023-12-01, Newmont Goldcorp (NGT-T) stock closed at a price of $55.65.
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)