This summary was created by AI, based on 2 opinions in the last 12 months.
Newmont Mining (NEM) is facing struggles with costs and missed revenue and EPS estimates. The company's adjusted Ebitda may rise by almost 30% amid a strong operational performance, but some acquired assets may take longer to achieve operational stability. However, the company has strong operating cashflows and may see net debt decline, giving it potential for a share-buyback program. Experts recommend holding the stock for now and monitoring its performance over the next six months.
Gold is at all-time highs. Producers have prolific cashflows. Safe way to get operating leverage inherent in a producer. Biggest gold producer in the world. Most mines are in geopolitically safe locations. Only gold producer in the S&P 500, so it's the go-to name. Conservatively financed, BBB+ credit. Big share buybacks. Non-core asset divestiture. Yield is 1.8%.
(Analysts’ price target is $56.69)He doesn't invest in gold stocks. Only 8% of gold is used in industrial products.
Bought it because he expects gold to break-out. He could be wrong. He doesn't buy many commodities. This business is managed well.
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.
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, 1 stock analyst published opinions about NEM-N. 0 analysts recommended to BUY the stock. 0 analysts 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.
1 stock analyst on Stockchase covered Newmont Mining (US) In the last year. It is a trending stock that is worth watching.
On 2024-12-06, Newmont Mining (US) (NEM-N) stock closed at a price of $41.11.
NEM/NGT is continuing to struggle with costs, which is impacting profit growth. The Newcrest acquisition is so far not working out well. EPS of 81c missed estimates of 85c. Revenue of $4.6B missed estimates of $4.69B. Newmont's adjusted Ebitda may rise by almost 30% to just over $2.5 billion amid a strong 4Q operational performance, gold output guidance of 1.8 million ounces, 7% higher vs. 3Q, and a rally in gold to more than $2,700 an ounce. This could restore some market sentiment after a disappointing 3Q and muted 2025 outlook. Contracted labor cost inflation offset synergy benefits and operational stability at some of the acquired assets, Lihir, BruceJack and Cadia, may take a bit longer to achieve vs. management's initial expectations. Cash proceeds of $1.1 billion from asset disposals, along with strong operating cashflows, may see net debt decline below $5 billion, giving the company plenty of scope to continue its share-buyback program. The company is not our favourite, and has 'screwed up' before. But it is priced well and EPS is still expected. With some better cost management it can get back on track. With the stock down sharply this week we would rate it a HOLD now, with a view to watch performance over the next six months. Still, we would be fine upon a bounce to switch it for AEM, WPM or FNV.
Unlock Premium - Try 5i Free