New reports confirm Newmont Corporation (NEM) as a top performer in the gold mining sector. Having outperformed estimates in Q1, raking in an impressive $1.9B in profits, and setting a new record in cash flow, Newmont solidifies its appeal to hedge funds and remains a promising long-term investment. Despite a 19% drop in gold output, the company's record earnings and value can be attributed to the surge in gold prices.
Furthermore, Newmont offers value for long-term portfolio holders and sets its position as a top momentum stock. The company also witnessed an unprecedented 26% surge in its share price attributed to robust Q1 results and the completion of a divestiture program. Meanwhile, investigations into the officers and directors by former Louisiana Attorney General have been launched. Going forward, Newmont's earnings are expected to grow, thus increasing its attractiveness to investors.
Newmont Corporation NEM News Analytics from Wed, 12 Mar 2025 07:00:00 GMT to Sat, 26 Apr 2025 12:12:59 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor -5
