About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Newmont Corporation (NEM) has been on a downward spiral lately with significant selling pressure. After declining 28% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a st ...

. Kenorland Announces Follow-Up Drill Program and Commencement of Phase 2 Earn-In by Newmont Corporation at the Chebistuan Project November 13, 2024 7:30 AM EST | Source: Kenorland Minerals Ltd. Vancouver, British Columbia--(Newsfile Corp. - November 13, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce planning of a winter 2025 drill program at the Deux Orignaux prospect, and that Newmont Corporation ("Newmont") has provided Notice ...

Nationally ranked stock picker for 30 years. Victory Formation and Bottom Fishing Club quant-sort pioneer.....Paul Franke is a private investor and speculator with 38 years of trading experience. Mr. Franke was Editor and Publisher of the Maverick Investor® newsletter during the 1990s, widely quoted by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among top investment advisors nationally for stock market and commodity macro views by Timer Digest® during ...

Valuation and Technical Indicators - NEM is trading at a forward P/E of 11.89X, a 10.2% discount to the Zacks Mining - Gold industry average of 13.24X [1] - NEM has a Value Score of B [1] - NEM is trading at a 23% discount to its 52-week high of $58.72 [2] - NEM has been trading above the 200-day SMA since April 23, 2024, but is currently below the 50-day SMA [3] - The 50-day SMA remains higher than the 200-day SMA since the golden crossover on May 13, 2024, indicating a bullish trend [3] Growth Projects and Acquisitions - NEM is investing in growth projects including Tanami Expansion 2, Ahafo North expansion, and Cadia Panel Caves [5] - The acquisition of Newcrest Mining has created an industry-leading portfolio with a multi-decade gold and copper production profile [6] - NEM has achieved $500 million in annual run-rate synergies following the Newcrest buyout [6] Divestments and Capital Allocation - NEM is divesting non-core businesses, including the sale of Akyem operation for up to $1 billion and Telfer operation for up to $475 million [7] - Proceeds from divestments will support capital allocation priorities, including improving the balance sheet and returning capital to shareholders [7] - NEM is investing $950 million to $1,050 million in the Ahafo North gold mining project in Ghana [7] Financial Health and Shareholder Returns - NEM had liquidity of $7.1 billion at the end of Q3 2024, including $3 billion in cash and cash equivalents [8] - Operating cash flow increased 64% YoY to $1.6 billion in Q3 2024 [8] - NEM generated $760 million in free cash flow and returned $786 million to shareholders through dividends and share buybacks in Q3 2024 [8] - NEM offers a dividend yield of 2.2% with a payout ratio of 39% and a five-year annualized dividend growth rate of 6.8% [9] Gold Price Impact and Earnings Estimates - Gold prices have rallied 31% this year, driven by strong demand from central banks, a dovish Fed outlook, and global uncertainties [10] - NEM's earnings estimates for 2024 and 2025 have been revised upward, with 2024 earnings expected to grow 95.7% YoY [11] - NEM has a long-term EPS growth rate of 38.7% versus 23.4% for its industry [11] Price Performance and Investment Case - NEM's shares have gained 9.1% YTD, underperforming the industry's 26.9% increase and the S&P 500's 24.7% rise [13] - NEM presents an attractive investment case backed by growth projects, strong Tier 1 assets, solid financial health, and rising earnings estimates [15] - Rallying gold prices are expected to boost NEM's profitability and cash flow generation [15]

UKRAINE - 2021/03/31: In this photo illustration, the Newmont Corporation logo of a gold mining ... [+] company seen displayed on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Newmont Corporation (NYSE: NEM), the world's largest gold miner, has seen its stock underperform over the last month, falling by 13% compared to the S&P 500 which was up 1.5%. The decline in stock prices has been primarily due to th ...

Rising costs are preventing this mining company from cashing in on rising gold prices. Shares of Newmont Corporation (NEM 1.53%) dropped 15% last month, according to data provided by S&P Global Market Intelligence. The mining stock released quarterly-earnings results in October that were mostly in line with analyst expectations. However, its commentary raised concerns about rising costs. Newmont's headline figures aligned with expectations Newmont Corporation's quarterly-earnings report looked positive at f ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Newmont Corporation (NEM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Newmont currently has an average ...

Investors looking for stocks in the Mining - Gold sector might want to consider either Newmont Corporation (NEM) or Alamos Gold (AGI) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, wh ...

A downtrend has been apparent in Newmont Corporation (NEM) lately with too much selling pressure. The stock has declined 11.7% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicator ...