Newmont Corporation (NEM), a leader in the gold mining industry, has been a subject of discussion in the investment sphere for several reasons. Firstly, their shares have been performing superbly relative to the basic materials sector, with upswings of more than
117% YTD largely attributed to record Q3 earnings and a surge in gold prices. Notable investor and television personality,
Jim Cramer, praised NEM, which is being viewed favorably by Wall Street analysts. Additionally, a
golden cross signal, normally seen as a bullish trend in stock markets, was recently spotted. Beyond stock activity, Newmont has made significant strides operationally. It has announced commencement of commercial production at the
Ahafo North site in Ghana, and Q3 2025 earnings featured record cash flow and strategic debt reduction. Some caution is advisable as Newmont's workforce reduction by
16% could impact operations. Despite this, the uptick in earnings, price target increases by Raymond James and UBS, strong cash flow, and expectations of further growth make NEM outshine issues like slight decline in gold production and after-hours stock drops. Long-term investors might find value given its high performance. These factors, along with other technical signals, seem to solidify NEM as a good investment.
Newmont Corporation NEM News Analytics from Fri, 02 May 2025 07:00:00 GMT to Sat, 06 Dec 2025 16:06:02 GMT -
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