The market narrative surrounding
Newmont Corporation (NEM) paints a mixed but largely optimistic picture for prospective investors. Newly published insights indicate a trend of institutional favorability, with a claim suggesting
77% of the corporation being owned by institutional investors. Despite an observable market dip, NEM continued to hold strong, even outdoing the 20-day moving average. Investment banking giant
Goldman Sachs did downgrade its rating for the firm from
Buy to
Neutral due to valuation purposes. This contrasts other big names in the sector like UBS and Stifel, both reaffirming
Buy ratings and displaying bullish confidence. Amidst concerns about declining gold prices and its subsequent impact on NEM, the corporation notably weathered the storm showing resilience and strategic focus. Positive news also extends to the workforce, contrary to the 10% reduction at Suriname mine. The short-term volatility presents a favorable long-term growth outlook and gives credence to claims of intrinsic value in NEM shares being
71% above its current share price. Furthermore, Q1 reports indicate record numbers in net income and cash flow for the corporation, making it a potent value stock in the long run.
Newmont Corporation NEM News Analytics from Wed, 12 Mar 2025 07:00:00 GMT to Fri, 11 Jul 2025 16:24:26 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 3
