POLAND - 2024/12/06: In this photo illustration, the Newmont company logo is seen displayed on a ... [+] smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNewmont Corporation (NYSE: NEM), the world’s largest gold miner, has seen its stock underperform since September end, falling by 33% compared to the S&P 500 which is up 1.8%. Newmont’s stock price movement is aligned with that for its peers, including Freeport-McMoRan (NYS ...

Cash harvesting sounds more like farming than mining, but that’s the point reached by goldmining companies which are awash with cash after three years of high gold prices.Top of the cash harvesting list, according to investment bank Goldman Sachs, is the world’s biggest miner of the precious metal Newmont Corporation.Gold ingots. Photographer: Andrey Rudakov/BloomberggettyUntil recently most investor interest in goldminers has been as proxies for the gold price which has risen by 30% over the last 12-months ...

Newmont Corporation’s (NEM) shares have lost 26.7% in the past three months, underperforming the Zacks Mining – Gold industry’s 12.6% decline. The bearishness partly reflects its weaker-than-expected earnings performance in the third quarter and concerns over higher production costs. While NEM gained from an uptick in average realized gold prices and sales volumes, higher unit costs weighed on its third-quarter performance.Technical indicators show that NEM has been trading below the 50-day simple moving av ...

31.Dec.2023 - 31.Dec.2024228 ETFs Metal ETFs, Miners ETFs, Metal and Miners Hedged & Leveraged ETFsTotal Assets (AUM) ~ $330.7 B USD Toronto, Ontario--(Newsfile Corp. - January 8, 2025) - Total assets for the World's 228 Metal & Mining ETFs finished 2024 at USD $330.7 B. This is an increase of +13.1% from the 2023-year end close of USD $292.4 B. This growth in Metal & Mining ETF assets was driven principally by gains in Gold Metal ETFs which still make up more than ~70% of all Metal & Mining ETF assets wor ...

Last March, I wrote an article titled Newmont Stock: A 'Once-In-A-Generation' Buy, where I quoted Newmont (NYSE: NEM ) (TSX: NGT:CA ) CEO's statement at the time that the stock was:If you want access to our Portfolios that have crushed the market since inception and all our current Top Picks, join us for a 2-week free trial at High Yield Investor.We are the fastest growing high yield-seeking investment service on Seeking Alpha with a perfect 5/5 rating from 180 reviews.Our members are profiting from our hig ...

Take advantage of the currently offered discount on annual memberships and give CIP a try. The offer comes with a 11 month money guarantee , for first time members.Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.We have generally not exhibited much love for the gold mi ...

The glitter of gold is losing its luster for two mining giants, Barrick Gold Corp GOLD and Newmont Corp NEM, as both stocks have hit a technical Death Cross—a bearish signal when the 50-day moving average falls below the 200-day moving average. For those betting on these miners to sparkle, the charts suggest the treasure hunt may be on pause.Barrick Gold Stock: Treading Below The Glitter Line Chart created using Benzinga ProBarrick Gold’s stock is down 11.97% year-to-date, with its recent performance offeri ...

After the strong AI-driven bull run in growth stocks which lasted for almost two years, I seek for stocks to increase exposure to safer assets. The world's largest gold miner, Newmont Corporation (NYSE: NEM ), looks likeComing from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very co ...

Investment Rating - The report assigns an "Outperform" rating to the company, indicating that the stock's total return over the next 12-18 months is expected to exceed the return of its relevant broad market benchmark [1][25]. Core Insights - The report highlights that Newmont is a leading global gold company and producer of copper, silver, zinc, and lead, with high-quality mining areas across various regions including Africa, Australia, and North America. The company is recognized for its strong performance in environmental, social, and governance practices [42][45]. - In 2023, Newmont completed the acquisition of Newcrest Mining Limited, enhancing its position as the world's largest gold mining company by adding five active mines and two projects to its portfolio [42][45]. - The gold business constitutes 89% of Newmont's sales, while other metals account for 11%. Despite a slight decrease in gold production due to a labor strike, the average realized price of gold increased significantly to $1954 per ounce in 2023, up 9% from the previous year [43][46]. - The report anticipates that gold prices will continue to rise during the current interest rate cut cycle, supported by geopolitical tensions and a complex global situation [44][47]. Summary by Sections Company Overview - Newmont is the only gold producer listed in the S&P 500 Index and has a strong reputation for its governance practices. The company has a long history, with significant acquisitions and expansions that have solidified its industry leadership [42][45][49]. Financial Performance - In 2023, Newmont reported revenues of $11.812 billion and a net income of $2.521 billion. The adjusted net income was $1.324 billion, reflecting the company's robust financial health despite production challenges [69]. Production and Pricing - Newmont's equity gold production in 2023 was 5.545 million ounces, a decrease of 6.7% year-on-year. The company expects full-year gold production to be around 6.75 million ounces, with unit selling costs and comprehensive maintenance costs aligned with initial guidance [43][46].

Group 1 - Newmont Corporation's stock price has decreased by over 20% since September, impacting its relative performance among the top five gold miners by market capitalization [1] - The article highlights the significance of this decline in the context of the gold mining industry and its competitive landscape [1] Group 2 - The author, Manika, has over 20 years of experience in investment management, stock broking, and investment banking, indicating a strong background in financial analysis [1] - Manika runs a profile called Long Term Tips, focusing on opportunities in the green economy, which suggests a strategic interest in sustainable investments [1]