Newmont Corporation (NEM) is currently attracting investor attention amidst fluctuating stock value. The stock value saw a dip, dropping as much as 27% over the past 3 to 4 months. Despite this, several sources are labeling Newmont as a top value stock for the long term, with claims that it is undervalued by as much as 32%. The company had a disappointing quarter, lagging behind market improvements and earnings estimates. Nonetheless, the fundamental perception of the company’s value remain strong, with some describing it as a 'Once-In-A-Generation' Buy. Institutional investors that collectively own 72-73% of the company have apparently been rewarded with a stock increase of 5.9% last week, despite the over-year loss of 2.9%. Notwithstanding, some institutional owners have opted to sell their shares. Several articles draw attention to the potential opportunity in Newmont's 28% undervaluation and potential for a trend reversal. The corporation is managing its costs and reporting strong gold production, expecting growth in earnings. The long-term momentum and value of the company are emphasized in multiple articles. Higher costs have driven a Q3 miss and UBS subsequently downgraded Newmont's stock amidst confidence erosion. The corporation disclosed key leadership changes and boosted its share buy-back program by $2 billion.
Newmont Corporation NEM News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Fri, 10 Jan 2025 22:50:21 GMT -
Rating -1
- Innovation 0
- Information 7
- Rumor -5
