Likes it, but buy Barrick instead. The gold stocks as a whole are hot.
The USD and gold price The debt clock in Times Square will hit $30 trillion in a couple weeks. If you can't get bearish on the USD with that, he doesn't what will. He was wrong--he thought the USD would continue to slide since last fall into this spring, but it's obviously bounce--but the bounce is temporary, he thinks. The dollar will continue to fall, which will benefit metals. He didn't think gold would fall down here, either, but at least gold has held the low of June 2020. In this space, Newmont around $57 off last summer's $70 looks interesting.
(Top Pick Oct 26/15, Up 91.64%) For three years in a row they killed gold stocks. It worked out fabulously well. It went up to EBV +3, where they trimmed their position. There is a 13% downside to his model price.
Newmont Mining (US) is a American stock, trading under the symbol NEM-N on the New York Stock Exchange (NEM). It is usually referred to as NYSE:NEM or NEM-N
In the last year, 5 stock analysts published opinions about NEM-N. 4 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 Mining (US).
Newmont Mining (US) was recommended as a Top Pick by on . Read the latest stock experts ratings for Newmont Mining (US).
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.
5 stock analysts on Stockchase covered Newmont Mining (US) In the last year. It is a trending stock that is worth watching.
On 2022-05-16, Newmont Mining (US) (NEM-N) stock closed at a price of $65.45.