Newmont Corporation (NEM) has been recognized for its promising long term growth and value potential due to surging gold demand. The company's strategic divestments, specifically selling off Copper-Gold projects to Inflection Resources signals focus on its core business. NEM is seeing strong institutional ownership at 76%, indicating confidence from large scale investors in its financial health. On the other hand, the company experiences some fluctuations with stock declines amid certain market upticks, but the overall trend shows its share price surging ahead of market improvements, underpinned by NEM's strong fundamentals. Interestingly, there is a noted disconnect between the corporation's share price surge of 26% and its intrinsic value, suggesting potential undervaluation. Analysts are bullish on NEM, with RBC Capital maintaining a hold rating and UBS increasing the target price to $68. NEM shows promise with Q1 2025 earnings reporting a net income of US$1.89 billion and the company setting a new record in its cash flow. However, some caution is advised given the company's increasing unit costs and rumored staff lay off plans at its Merian mine in Suriname.
Newmont Corporation NEM News Analytics from Tue, 11 Feb 2025 08:00:00 GMT to Sat, 05 Jul 2025 11:45:23 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -4
