Newmont Corporation (NYSE:NEM) is among the 15 Best Performing Silver Stocks to Buy. Citi is Bullish on Newmont Corporation (NEM) According to TheFly, Citi lifted Newmont Corporation (NYSE:NEM)’s price goal from $104 to $118 and kept its Buy rating on January 12. Updated company guidelines and commodity price estimates are reflected in the modification. After a notable surge, Citi declared that it is neutral on gold prices and anticipates moderation throughout the year. The company predicts that in 2026, ...

Core Viewpoint - The article discusses the emergence of "The Magnificent Miners" as a new investment opportunity, contrasting them with the previously dominant "Magnificent Seven" tech stocks, highlighting a potential capital rotation towards hard assets like mining stocks as macroeconomic uncertainties rise [1]. Group 1: Valuation Comparisons - Newmont Corp (NYSE:NEM) is trading at a 19x TTM and 17x FWD P/E ratio, significantly lower than AI infrastructure stocks, despite having the largest gold reserve base [3]. - Barrick Mining Corp (NYSE:B) generates substantial free cash flow and returns capital to shareholders, trading at around 24x TTM and 15x FWD P/E, which appears modest compared to high-flying tech stocks [4]. - Agnico Eagle Mines Ltd (NYSE:AEM) has a higher valuation at 31x TTM and about 20x FWD P/E, yet it remains attractive due to low-cost production and growth projects, offering a blend of quality and growth without tech-like valuations [5]. Group 2: Market Implications - The current pricing of the Magnificent Seven reflects an optimistic AI future, while the Magnificent Miners are priced for indifference, suggesting potential for upside if economic conditions shift [6]. - The article notes that if interest rates decrease, deficits increase, or AI spending slows, miners could benefit from a capital rotation away from crowded tech investments, indicating a possible shift in market dynamics [6].

Core Viewpoint - The article discusses the emergence of "The Magnificent Miners" as a new investment opportunity, contrasting them with the previously dominant "Magnificent Seven" tech stocks, highlighting a potential capital rotation towards hard assets like mining stocks as macroeconomic uncertainties rise [1]. Group 1: Valuation Comparisons - Newmont Corp (NYSE:NEM) trades at a 19x TTM and 17x FWD P/E ratio, significantly lower than AI infrastructure stocks, despite having the largest gold reserve base [3]. - Barrick Mining Corp (NYSE:B) generates substantial free cash flow and returns capital to shareholders, trading at around 24x TTM and 15x FWD P/E, which appears modest compared to high-flying tech stocks [4]. - Agnico Eagle Mines Ltd (NYSE:AEM) has a P/E of 31x TTM and about 20x FWD, reflecting a premium among miners, yet still appears undervalued compared to growth stocks, offering low-cost production and growth potential [5]. Group 2: Market Implications - The Magnificent Seven are priced for an ideal AI future, while The Magnificent Miners are priced with indifference, suggesting that if economic conditions change, miners could present significant upside potential as capital shifts away from crowded tech sectors [6].

Gold prices ( XAUUSD:CUR ) continue growing, which is a massive tailwind for Newmont Corporation ( NEM ) as one of the world's largest gold mining companies. The stock experiences strong momentum, and it has gained 35% since myComing 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 ...

Gold prices ( XAUUSD:CUR ) continue growing, which is a massive tailwind for Newmont Corporation ( NEM ) as one of the world's largest gold mining companies. The stock experiences strong momentum, and it has gained 35% since myComing 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 ...

For investors who haven't been living under a rock for the past year, the soaring price of gold (and other precious metals for that matter) has become one of the most important story lines to watch in the markets this year. With the price of a single ounce of gold now currently hovering around $4,700 (right around its all-time high), the question of course is whether it's too late for investors to dive in. I'm of the view that this momentum rally is probably warranted. That's in part due to the underlying f ...

Group 1 - Gold stocks showed strong performance with Gold Fields (GFI.US) rising nearly 6%, AngloGold Ashanti (AU.US) up over 5%, Kinross Gold (KGC.US) and Agnico Eagle Mines (AEM.US) increasing over 4%, and Newmont Corporation (NEM.US) gaining over 2% [1] - Silver stocks also experienced gains, with Silvercorp Metals (SVM.US) up over 5%, Pan American Silver (PAAS.US) rising over 4%, and First Majestic Silver (AG.US) increasing over 2% [1] - Spot gold increased by 1.2%, currently priced at $4,723.65, while spot silver rose over 1%, currently priced at $93.42 [1] Group 2 - Ray Dalio, founder of Bridgewater Associates, warned that President Trump's policies could trigger a "capital war," leading countries and investors to reduce investments in U.S. assets [1] - The escalation of trade tensions and increasing fiscal deficits may undermine confidence in U.S. debt, potentially prompting investors to turn to hard assets like gold [1] - Dalio suggested that gold should be considered an important hedging tool in the current economic climate [1]

Group 1 - Gold stocks showed strong performance with Gold Fields (GFI.US) rising nearly 6%, AngloGold Ashanti (AU.US) up over 5%, Kinross Gold (KGC.US) and Eagle Mining (AEM.US) increasing over 4%, and Newmont Mining (NEM.US) gaining over 2% [1] - Silver stocks also experienced gains, with Silvercorp Metals (SVM.US) up over 5%, Pan American Silver (PAAS.US) rising over 4%, and First Majestic Silver (AG.US) increasing over 2% [1] - Spot gold rose by 1.2%, currently priced at $4,723.65, while spot silver saw an increase of over 1%, currently priced at $93.42 [1] Group 2 - Ray Dalio, founder of Bridgewater Associates, warned that President Trump's policies could lead to a "capital war," as countries and investors may reduce their investments in U.S. assets [1] - The escalation of trade tensions and increasing fiscal deficits may undermine confidence in U.S. debt, potentially prompting investors to turn to hard assets like gold [1] - Dalio suggested that gold should be considered an important hedging tool in the current economic climate [1]

Core Insights - Barrick Mining Corporation and Newmont Corporation are leading gold mining companies with extensive global operations, making them relevant for investors amid rising gold prices driven by geopolitical tensions and economic uncertainties [1] Gold Market Overview - Gold prices reached record highs last year, driven by global trade tensions, increased demand for safe-haven assets, a weaker U.S. dollar, strong central bank buying, and expectations of interest rate cuts by the Federal Reserve [2][3] - Gold surged approximately 65% last year, currently trading above $4,700 per ounce, supported by sustained central bank purchases and geopolitical risks [3] Barrick Mining Corporation - Barrick is advancing key growth projects, including Goldrush, Pueblo Viejo expansion, and Reko Diq, which are expected to significantly boost production [5][6] - The Goldrush mine aims for 400,000 ounces of annual production by 2028, while the Reko Diq project is projected to produce 460,000 tons of copper and 520,000 ounces of gold annually [6] - Barrick's liquidity position is strong, with cash and equivalents around $5 billion and operating cash flows of approximately $2.4 billion, up 105% year over year [8] - The company has authorized a $1 billion share repurchase program, reflecting confidence in its financial health [9] - Barrick's cash costs per ounce increased by around 3% year over year, with all-in-sustaining costs (AISC) rising to $1,538 due to lower production and higher costs [12][13] - The company offers a dividend yield of 1.4% with a payout ratio of 32%, indicating sustainability [11] Newmont Corporation - Newmont is investing in growth projects like Ahafo North and Cadia Panel Caves, which are expected to enhance production capacity [14][15] - Ahafo North achieved commercial production in October 2025, with an expected annual output of 275,000 to 325,000 ounces of gold [15] - Newmont has divested non-core assets, generating approximately $470 million in cash proceeds, and anticipates $3 billion from its 2025 divestiture program [16][17] - The company has a robust liquidity position with $9.6 billion in total liquidity and $5.6 billion in cash, alongside a free cash flow of $1.6 billion, more than doubling year over year [18] - Newmont has distributed over $5.7 billion to shareholders through dividends and share repurchases in the past two years, maintaining a low payout ratio of 17% [19] - However, Newmont experienced a 15% year-over-year decline in gold production for the third quarter, attributed to strategic divestments and operational challenges [20] Stock Performance and Valuation - Barrick's stock has surged 204.6% over the past year, while Newmont's stock has increased by 173.9%, both outperforming the Zacks Mining - Gold industry's growth of 153.9% [23] - Barrick is trading at a forward earnings multiple of 13.65, representing an 8.4% discount to the industry average, while Newmont trades at a premium with a multiple of 14.65 [24][25] Future Outlook - The Zacks Consensus Estimate projects Barrick's 2026 sales and EPS to rise by 20.9% and 57.2%, respectively, while Newmont's estimates imply growth of 10.5% and 22.7% [29][30] - Both companies are well-positioned to benefit from strong gold prices, but Barrick may have an edge due to its attractive valuation and higher growth projections [32][34]

Group 1 - Major stock indices futures are experiencing declines, with Dow futures down 1.64%, S&P 500 futures down 1.82%, and Nasdaq futures down 2.25% [1] - European countries are considering retaliatory measures, including the potential sale of trillions of dollars in assets, in response to the U.S. imposing a 10% tariff on eight European nations starting February 1 [1] - Chinese concept stocks are also declining, with Alibaba down 2.53%, Pinduoduo down 3.79%, and Trip.com down 1.14% [1] Group 2 - Bank of America has raised its target price for IBM from $315 to $335, maintaining a "buy" rating, citing strong free cash flow prospects and an increase in high-margin software business [2] - AppLovin's stock dropped over 10% following a short report from CapitalWatch, which alleged connections to money laundering activities involving cross-border crime groups [2] Group 3 - Gold prices have surged past $4,700, with spot gold at $4,732.85 per ounce and futures at $4,741.54 per ounce, marking significant increases for gold mining companies [3] - BHP has raised its copper production forecast for the 2026 fiscal year despite a 4% year-on-year decline in quarterly copper output, now expecting total copper production of 1.9 to 2 million tons [3] Group 4 - The social media platform X, owned by Elon Musk, has officially open-sourced its new algorithm, which is now accessible on GitHub and is powered by the same Transformer architecture as the xAI Grok model [4]