Newmont Mining (US)

NEM-N

NYSE:NEM

44.38
0.31 (0.70%)
Newmont Corporation, based in Greenwood Village, Colorado, USA, is an American mining company that traces its roots to the diversified holding company William Boyce Thompson established in 1916. Incorporated in 1921, it has active gold mines in Nevada, Australia, Ghana, Peru, and Suriname.
More at Wikipedia

Analysis and Opinions about NEM-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
July 11, 2019
(A Top Pick Aug 20/18, Up 3.75%) Used to be Goldcorp, which got bought out. If you're bullish on gold, your best leverage is in the stocks. Bullion is a lot more stable, but if you're in gold stocks, you're in it for the fun and the gains.
Show full opinionHide full opinion
(A Top Pick Aug 20/18, Up 3.75%) Used to be Goldcorp, which got bought out. If you're bullish on gold, your best leverage is in the stocks. Bullion is a lot more stable, but if you're in gold stocks, you're in it for the fun and the gains.
TOP PICK
TOP PICK
July 11, 2019
Likes the golds, and likes this one. (Analysts’ price target is $42.76)
Show full opinionHide full opinion
Likes the golds, and likes this one. (Analysts’ price target is $42.76)
BUY
BUY
June 7, 2019
Resistance is at $36.75, but he expects it to breakout to the mid-$40's. Looks pretty good, and all indicators point upward. The USD is the linchpin; if the USD pushes up, gold goes back down. But he's bullish gold.
Show full opinionHide full opinion
Resistance is at $36.75, but he expects it to breakout to the mid-$40's. Looks pretty good, and all indicators point upward. The USD is the linchpin; if the USD pushes up, gold goes back down. But he's bullish gold.
PAST TOP PICK
PAST TOP PICK
November 7, 2016

(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.

Show full opinionHide full opinion

(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.

PAST TOP PICK
PAST TOP PICK
November 16, 2015

(A Top Pick Nov 25/14. Up 10.1%.) *Short* He hates gold in general. Gold prices in US$ does not do well.

Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
November 16, 2015

(A Top Pick Nov 25/14. Up 10.1%.) *Short* He hates gold in general. Gold prices in US$ does not do well.

TOP PICK
TOP PICK
October 26, 2015

The model price is 24% lower than it is today. It is a stock in conflict t. The analysts and the street are negative. Put it away. Day to day you can`t look at it.

Show full opinionHide full opinion

The model price is 24% lower than it is today. It is a stock in conflict t. The analysts and the street are negative. Put it away. Day to day you can`t look at it.

TOP PICK
TOP PICK
November 25, 2014

*Short* Hates gold companies and gold prices. We are in for another decade or more of disappointment. This is one of the few material names in the US, so it is widely held by generalists, but what it doesn’t have going for it is growth. Has had no growth for years. Huge issues with debt at $6.8 billion. It needs to spend roughly $2.6 billion over the next year or so, just to maintain production. If the Swiss don’t vote for gold to be backed by the central bank reserve, then gold will be under pressure and gold stocks will be very, very weak. Yield of 0.51%.

Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
November 25, 2014

*Short* Hates gold companies and gold prices. We are in for another decade or more of disappointment. This is one of the few material names in the US, so it is widely held by generalists, but what it doesn’t have going for it is growth. Has had no growth for years. Huge issues with debt at $6.8 billion. It needs to spend roughly $2.6 billion over the next year or so, just to maintain production. If the Swiss don’t vote for gold to be backed by the central bank reserve, then gold will be under pressure and gold stocks will be very, very weak. Yield of 0.51%.

HOLD
HOLD
February 24, 2014

How much worse can it get. It will eventually go up with gold. He is encouraged by what is going on with gold. Prefers one of his top picks for a gold pick.

Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
February 24, 2014

How much worse can it get. It will eventually go up with gold. He is encouraged by what is going on with gold. Prefers one of his top picks for a gold pick.

COMMENT
COMMENT
August 7, 2013

Model prices $28.18. Gold stocks are very hard to predict. As the price of the SPDR Gold ETF (GLD-N) goes down, the pressure on gold stocks is enormous.

Show full opinionHide full opinion

Model prices $28.18. Gold stocks are very hard to predict. As the price of the SPDR Gold ETF (GLD-N) goes down, the pressure on gold stocks is enormous.

COMMENT
COMMENT
June 10, 2013

It is possible that gold could go down even further. If you are considering this, consider doing a partial Buy now followed by more in the months to come. (See Top Picks.)

Show full opinionHide full opinion

It is possible that gold could go down even further. If you are considering this, consider doing a partial Buy now followed by more in the months to come. (See Top Picks.)

PAST TOP PICK
PAST TOP PICK
October 1, 2012

(Top Pick Sep 29/11, Down 7.76%) Still a strong buy, now that dividends are linked to gold price. Reasonable yield and direct link to underlying commodity.

Show full opinionHide full opinion

(Top Pick Sep 29/11, Down 7.76%) Still a strong buy, now that dividends are linked to gold price. Reasonable yield and direct link to underlying commodity.

HOLD
HOLD
April 10, 2012
Do you think they would ever mine diamonds in the FALC property? Most of the major miners I getting out of diamond mining. This is an okay name. Pays a decent dividend yield, linked to the price of gold, 2.8%. There is no growth for the next year or 2.
Show full opinionHide full opinion
Do you think they would ever mine diamonds in the FALC property? Most of the major miners I getting out of diamond mining. This is an okay name. Pays a decent dividend yield, linked to the price of gold, 2.8%. There is no growth for the next year or 2.
COMMENT
COMMENT
November 17, 2011
Have a newish CEO who has been credited with improving the operational execution. It also brought on some Asian/Pacific assets to complement their core Nevada assets. Has also benefit because of being one of the few large and liquid gold equities available. Prefers Goldcorp (G-T), which is more expensive but has better growth prospects.
Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
November 17, 2011
Have a newish CEO who has been credited with improving the operational execution. It also brought on some Asian/Pacific assets to complement their core Nevada assets. Has also benefit because of being one of the few large and liquid gold equities available. Prefers Goldcorp (G-T), which is more expensive but has better growth prospects.
TOP PICK
TOP PICK
September 29, 2011
Have linked their dividend to the price of gold. Dividend has gone up 100% over the last year. 2nd largest gold stock in North America. You get direct exposure to the price of gold through their dividend policy.
Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
September 29, 2011
Have linked their dividend to the price of gold. Dividend has gone up 100% over the last year. 2nd largest gold stock in North America. You get direct exposure to the price of gold through their dividend policy.
WAIT
WAIT
September 23, 2011
Moves with rare earths, whose price has been declining. It is one of the better players. A sustainable model. They can do well in a normal environment. Let this one settle before buying it.
Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
September 23, 2011
Moves with rare earths, whose price has been declining. It is one of the better players. A sustainable model. They can do well in a normal environment. Let this one settle before buying it.
DON'T BUY
DON'T BUY
September 7, 2011
Mining sector has held in quite well in spite of market concerns. Gold companies have all lagged bullion. It is a reasonable assumption that they will catch up but, the price of gold, is so far above its marginal costs that if things change, bullion could be adversely affected which would feed down to mining companies. He would lean more towards oil at this time.
Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
September 7, 2011
Mining sector has held in quite well in spite of market concerns. Gold companies have all lagged bullion. It is a reasonable assumption that they will catch up but, the price of gold, is so far above its marginal costs that if things change, bullion could be adversely affected which would feed down to mining companies. He would lean more towards oil at this time.
TOP PICK
TOP PICK
August 5, 2011
They link their dividends to the gold price. Just raised it 50% on 2nd quarter numbers. Currently 2.2% yield. Well run and conservatively managed. If gold stocks covered to take off, this will be one of the first.
Show full opinionHide full opinion
They link their dividends to the gold price. Just raised it 50% on 2nd quarter numbers. Currently 2.2% yield. Well run and conservatively managed. If gold stocks covered to take off, this will be one of the first.
COMMENT
COMMENT
June 29, 2009
Hasn't been a great performer. Have ties to consumer electronics with its rare earth metals zirconium businesses as well as its neo-powders for magnets. Over $41 million US in cash. Earnings estimates have been coming up nicely. He tends not to play these businesses because of a lack of long-term value creation.
Show full opinionHide full opinion
Hasn't been a great performer. Have ties to consumer electronics with its rare earth metals zirconium businesses as well as its neo-powders for magnets. Over $41 million US in cash. Earnings estimates have been coming up nicely. He tends not to play these businesses because of a lack of long-term value creation.
TOP PICK
TOP PICK
March 10, 2008
One of the biggest global gold companies. Likes the outlook for gold for now. Mining stocks in general have lagged the commodity and he is expecting a catch-up. Very high assets and situated in safe countries.
Show full opinionHide full opinion
One of the biggest global gold companies. Likes the outlook for gold for now. Mining stocks in general have lagged the commodity and he is expecting a catch-up. Very high assets and situated in safe countries.
DON'T BUY
DON'T BUY
January 31, 2007
Gold. Has not been a very good performer. There have been production and exploration issues. If you are a new investor, buy the ETF’s (XGD-T) or (GLD-N) which are pure plays on gold.
Show full opinionHide full opinion
Gold. Has not been a very good performer. There have been production and exploration issues. If you are a new investor, buy the ETF’s (XGD-T) or (GLD-N) which are pure plays on gold.
PAST TOP PICK
PAST TOP PICK
January 24, 2007
(A Top Short Put Dec 4/06.) Collected his Put premium and the Puts expired worthless. Didn't own the stock so he was ahead by the premium. Likes the stock here.
Show full opinionHide full opinion
(A Top Short Put Dec 4/06.) Collected his Put premium and the Puts expired worthless. Didn't own the stock so he was ahead by the premium. Likes the stock here.
BUY
BUY
December 20, 2006
All portfolios should have some gold representation. Longer-term outlook for gold is good. This one has the best properties of any gold stock in the world. Has had some operational snafus lately, but hopefully those are behind them.
Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
December 20, 2006
All portfolios should have some gold representation. Longer-term outlook for gold is good. This one has the best properties of any gold stock in the world. Has had some operational snafus lately, but hopefully those are behind them.
TOP PICK
TOP PICK
December 4, 2006
Likes the gold sector. Fundamentally very strong. On a technical basis, it is in a “cup and handle” pattern. Very strong. Has been using Puts on this one.
Show full opinionHide full opinion
Likes the gold sector. Fundamentally very strong. On a technical basis, it is in a “cup and handle” pattern. Very strong. Has been using Puts on this one.
COMMENT
COMMENT
November 27, 2006
If he had to own one major gold, this would be the one. Goldcorp (G-T) has lost itself as a pure gold play.
Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
November 27, 2006
If he had to own one major gold, this would be the one. Goldcorp (G-T) has lost itself as a pure gold play.
DON'T BUY
DON'T BUY
October 16, 2006
Seems to have some production problems right now. Would be more inclined to look at the midsize gold companies where there is some production growth.
Show full opinionHide full opinion
Seems to have some production problems right now. Would be more inclined to look at the midsize gold companies where there is some production growth.
BUY
BUY
July 12, 2006
One of the very biggest companies in the gold sector. A great proxy for the gold sector. Won't be one of the fastest growing ones.
Show full opinionHide full opinion
One of the very biggest companies in the gold sector. A great proxy for the gold sector. Won't be one of the fastest growing ones.
BUY
BUY
May 3, 2006
The largest unhedged producer of gold. The only gold stock in the S&P. The short-term pullback is a really good opportunity to buy lots.
Show full opinionHide full opinion
The largest unhedged producer of gold. The only gold stock in the S&P. The short-term pullback is a really good opportunity to buy lots.
PAST TOP PICK
PAST TOP PICK
March 21, 2006
(A Top Pick Dec 28/05. Down 8%.) For insurance purposes, everybody should have some gold stocks. This one is the best managed with the best properties. Costs for gold miners around the world have gone up as much as the price of gold has gone up.
Show full opinionHide full opinion
(A Top Pick Dec 28/05. Down 8%.) For insurance purposes, everybody should have some gold stocks. This one is the best managed with the best properties. Costs for gold miners around the world have gone up as much as the price of gold has gone up.
VAGUE
VAGUE
March 7, 2006
There was some disappointment in their last earnings. He likes Pierre La'sau (sp) and wouldn't bet against him. If it went to the 45 or 48 he would look at it.
Show full opinionHide full opinion
There was some disappointment in their last earnings. He likes Pierre La'sau (sp) and wouldn't bet against him. If it went to the 45 or 48 he would look at it.
DON'T BUY
DON'T BUY
January 31, 2006
The only game in town in gold in the US. Smart management. Their production is down and their costs are up so the stock price has been hit. If you're going to buy 1 large cap, unhedged, US gold stock, this is the one you'll buy. In Canada, we have lots of good alternatives with better growth prospects. The stronger Cnd$ can also hurt you.
Show full opinionHide full opinion
The only game in town in gold in the US. Smart management. Their production is down and their costs are up so the stock price has been hit. If you're going to buy 1 large cap, unhedged, US gold stock, this is the one you'll buy. In Canada, we have lots of good alternatives with better growth prospects. The stronger Cnd$ can also hurt you.
TOP PICK
TOP PICK
December 28, 2005
Likes gold now that it is going up. This company is the best managed and the best assets and it doesn't hedge.
Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
December 28, 2005
Likes gold now that it is going up. This company is the best managed and the best assets and it doesn't hedge.
DON'T BUY
DON'T BUY
October 20, 2005
Has a model price of $29.43 which is a 33% premium. All gold stocks are massively overvalued. Wouldn't touch gold stocks.
Show full opinionHide full opinion
Has a model price of $29.43 which is a 33% premium. All gold stocks are massively overvalued. Wouldn't touch gold stocks.
WAIT
WAIT
October 3, 2005
This company is really a proxy for the metal price, in this case gold. The main driver here will be what happens to the price of gold. There is already a premium built in to this and the other major gold producers. Would wait for gold to pull back a little before buying.
Show full opinionHide full opinion
This company is really a proxy for the metal price, in this case gold. The main driver here will be what happens to the price of gold. There is already a premium built in to this and the other major gold producers. Would wait for gold to pull back a little before buying.
PAST TOP PICK
PAST TOP PICK
August 15, 2005
(A Top Pick Jun 6/05. Up 10%.) The premier gold company in the world. Good management.
Show full opinionHide full opinion
(A Top Pick Jun 6/05. Up 10%.) The premier gold company in the world. Good management.
COMMENT
COMMENT
June 13, 2005
Caller: Bull on gold. Sells PUTs out about 1.5 years on senior golds such as Placer (PDG-T) Barrick (ABX-T) or Newmont (NEM-N), and prepared to have the stocks sold to him at that price. Good idea? Answer: Great idea. Options on gold stocks are about the 4th decile in terms of their price (probably twice as expensive as options on the TSX (X-T) to give some perspective). This will give you a decent premium.
Show full opinionHide full opinion
Caller: Bull on gold. Sells PUTs out about 1.5 years on senior golds such as Placer (PDG-T) Barrick (ABX-T) or Newmont (NEM-N), and prepared to have the stocks sold to him at that price. Good idea? Answer: Great idea. Options on gold stocks are about the 4th decile in terms of their price (probably twice as expensive as options on the TSX (X-T) to give some perspective). This will give you a decent premium.
TOP PICK
TOP PICK
June 6, 2005
The world's largest gold mining company. The best managed, the best financed. Stock has been hit in the last few months as gold has been hit. Outlook for gold is OK. Now seems to be moving up with the US$ which is odd.
Show full opinionHide full opinion
The world's largest gold mining company. The best managed, the best financed. Stock has been hit in the last few months as gold has been hit. Outlook for gold is OK. Now seems to be moving up with the US$ which is odd.
WAIT
WAIT
May 3, 2005
Keep a close eye on golds. His sector model indicates they are pretty sold out. Wait for buying to come back into the market. US$ has been strengthening against the Euro and there's been a very tight correlation with gold to the US$. Look for 1) stocks to rally along with the gold price and 2) gold starting to trade independently of the US$.
Show full opinionHide full opinion
Keep a close eye on golds. His sector model indicates they are pretty sold out. Wait for buying to come back into the market. US$ has been strengthening against the Euro and there's been a very tight correlation with gold to the US$. Look for 1) stocks to rally along with the gold price and 2) gold starting to trade independently of the US$.
BUY
BUY
March 31, 2005
By far the best gold company in the world. Also likes Placer Dome (PDG-T) which trades at about half Newmont's valuation. Not as good a company, but at half the valuation, prefers Placer. Owns gold as a hedge against the US$.
Show full opinionHide full opinion
By far the best gold company in the world. Also likes Placer Dome (PDG-T) which trades at about half Newmont's valuation. Not as good a company, but at half the valuation, prefers Placer. Owns gold as a hedge against the US$.
WATCH
WATCH
January 26, 2005
The gold market is very interesting right now. Doesn't think gold is going to do a lot. US$ is rallying. There's been a long trend line on Newmont and it has reached a point where it is seeing if it can hold at this point. If it does hold, there should be a bounce to at least $50. Prefers juniors at this time.
Show full opinionHide full opinion
The gold market is very interesting right now. Doesn't think gold is going to do a lot. US$ is rallying. There's been a long trend line on Newmont and it has reached a point where it is seeing if it can hold at this point. If it does hold, there should be a bounce to at least $50. Prefers juniors at this time.
PAST TOP PICK
PAST TOP PICK
January 5, 2005
(A Top Pick Oct 27/04. Down 10%.) Fell back with gold. Still thinks there's further downside risk in the US$. Use this weakness in the stock to buy.
Show full opinionHide full opinion
(A Top Pick Oct 27/04. Down 10%.) Fell back with gold. Still thinks there's further downside risk in the US$. Use this weakness in the stock to buy.
BUY
BUY
December 13, 2004
If you believe in gold, you have to believe in this company.Doesn't believe in hedging. The favourite gold bug play.
Show full opinionHide full opinion
Newmont Mining (US) (NEM-N)
December 13, 2004