Newmont Corporation (NEM) showed significant market resilience even amidst market dip situations, a trend that has captured investor attention. Despite seeing a 33% decline, there were persistent institutional ownerships of 75% speaking volumes about its stability. Fourth Quarter and Full year 2024 results have been announced, and new shares were acquired by firms like
Avanza Fonder AB and
Miracle Mile Advisors LLC. Despite the costs and boost in gold production, the stock of Newmont Corp was still considered a gold value for long term. Furthermore, it has suffered some losses, with stock declining 11% in one week alone, translated into longer term losses of 31% over three years. There was also a debate over Newmont's valuation; while some felt it was undervalued by 32%, others perceived the stock's popularity to be under threat due to a 27% dip. Nonetheless, the future seems promising, with NEM earnings expected to grow and the company is touted as a promising gold stock. There were also instances of executive offloading stock and, in one quarter, NEM's earnings lagged estimates. Investor sentiment towards Newmont Corporation tends to lean towards the positive, seeing it as a strong value and momentum stock for the long-term.
Newmont Corporation NEM News Analytics from Mon, 22 Jul 2024 07:00:00 GMT to Sat, 18 Jan 2025 10:42:56 GMT -
Rating 0
- Innovation 4
- Information 9
- Rumor -10
