Newmont Corporation (NEM) has been drawing attention in the market recently. Amidst market fluctuations, some reports suggest the stock is declining while others point to it outperforming as it beats the stock market upswing. However,
RBC Capital maintains its 'hold' rating on the corporation. The bullish inclination among brokers indicates that Newmont is considered a good investment with a recent surge in
optive activity. Movement above the 20-Day Moving Average and the strong viewpoints from analysts suggest the stock has considerable growth and value potential. Meanwhile, it's also detected that the basic materials giant is becoming a favorite among institutional investors who own 76% of its shares. Recent market corrections have led to uncertainty about its future performance, but this is balanced out by positive long-term gains. Additionally, its Q1 results have surpassed estimates, showcasing robust financials. However, investors are cautioned about its soaring unit costs, potentially affecting margins. Finally,
Natascha Viljoen has been promoted to President and Chief Operating Officer, potentially bringing new strategies to the fore.
Newmont Corporation NEM News Analytics from Mon, 03 Mar 2025 08:00:00 GMT to Fri, 27 Jun 2025 15:15:36 GMT -
Rating 5
- Innovation 4
- Information 6
- Rumor 3
