Newmont Corporation (NEM) has been under the financial magnifying glass with expectations from analysts being largely positive. Despite market uncertainty, NEM has outperformed many large-cap stocks, arguably the best in the metals, zinc, and junior silver mining sectors. One notable highlight included beating Q4 earnings and revenue estimates, with a record cash flow and strategic divestments in Q4 2024. On the downside, NEM stakeholders faced a series of class-action lawsuits urging shareholders with losses to step forward. Meanwhile, rumors of securities fraud did the rounds, although opportunities still sprang up to take advantage of stock movements. In a strategic move, NEM divested three significant mining assets, fetching them $1.7 billion. As a result of the brisk business, NEM's shares might have run too fast, too soon, suggesting possible overvaluation. In spite of this, most analysts maintained a 'Moderate Buy' recommendation. Additionally, price targets were adjusted slightly downwards from $57 to $56. The company is looking forward to strengthening its gold dominance from its 134M Gold Ounces and $275M Exploration Gambit.
Newmont Corporation NEM News Analytics from Mon, 17 Feb 2025 08:00:00 GMT to Sat, 08 Mar 2025 20:16:52 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -3
