Newmont Corporation (NEM) has emerged as an investment favorite in the recent times due to exceeding earnings estimates, positive forecast adjustments, and high institutional ownership. Revealed to be controlled by
76% institutional owners, the company's stock portrayed a significant momentum, making it a viable choice for long-term investments. Newmont's growth was bolstered by a strong Q1 show that saw record cash flow and strategic divestments, leading to a series of positive feedback from analysts. The company also concluded a massive
$4.3B Asset Sale Program resulting in a commensurate impact on its shares. The recent surge in its shares was also linked to the China H20 Chip Sale Ban. However, there are enquiries surrounding if its financials have contributed to its stock rising.
There seems to be an issue involving a class action filed against Newmont seeking investor recovery. Furthermore, Newmont faces a potential comparison confound with Barrick Gold. There is also some skepticism regarding the increasing CEO pay packet at Newmont. Nonetheless, the long-term value of the stock remains intact and the company maintains its place in the best materials stocks to buy according to hedge funds.
Newmont Corporation NEM News Analytics from Mon, 10 Mar 2025 07:00:00 GMT to Sat, 10 May 2025 05:47:23 GMT -
Rating 7
- Innovation 4
- Information 7
- Rumor -2
