Newmont Corporation (NEM) has had an oscillating trend as per latest insights. While having periods of outperforming the market, it has also seen instances of underperformance and even noted losses over the past three years. Much of this volatility is attributed to unpredictable market conditions, fluctuating gold prices and mining costs, and changes in dividend strategies. The company recently topped both Q1 profits and gold production estimates, and reported solid Q4 and full-year 2023 results while providing a 2024 outlook for the integrated company. Newmont's anticipation of average gold prices above $2000 in Q1 resulting in solid earnings has been a standout indicator. A
dividend payment of $0.55 per share has been announced. Despite having missed some estimates, the company has shown recovery with its stocks seeing a rise recently, considered by some as a 'buy-the-dip' opportunity. Empirical evidence shows a
Q4 earnings miss, though revenues managed to beat estimates. The downturn resulted in the company planning dividend cuts and asset sales, thereby attracting strong interest. Despite the hurdles, some analysts consider Newmont as a strong buy and 'once-in-a-generation' investment opportunity.
Newmont Corporation NEM News Analytics from Thu, 23 Nov 2023 08:00:00 GMT to Thu, 16 May 2024 19:41:19 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor 4
