Newmont Corporation (NEM) has been a significant attraction for investors and analysts on Wall Street. This gold stock has seen a substantial rally of 42% in the last 6 months, enticing investors to raise their stock positions. Many brokerage firms are suggesting investing in Newmont. Despite the general market gain, there were times when NEM stock dipped, yet it also exceeded market returns at other times. The corporation consistently attracted investor attention and has been considered a strong buy. Meeting expectations, the corporation's Q2 results topped estimates while Q4 missed the estimates. Even during market dips, NEM gained while also registering instances of underperformance. Upcoming Q1 2024 earnings are in the pipeline. The gold mining giant is also making headlines with its trial of underground 5G at Cadia Mine yielding promising results. However, despite these strong points, there are concerns about NEM's CEO compensation package and the fact that the company's P/S might be not telling the whole story.
Newmont Corporation NEM News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Sun, 11 Aug 2024 15:38:45 GMT -
Rating 5
- Innovation 7
- Information 7
- Rumor -2
