From a technical perspective, Newmont Corporation (NEM) is looking like an interesting pick, as it just reached a key level of support. NEM's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves t ...

Newmont Corporation (NEM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this gold and copper miner have returned +10.5% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Mining - Miscellaneous industry, to which Newmont belongs, has gained 0.8% over this period. Now the key question is: Where could the stock be headed in the near term?Whi ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Newmont Corporation (NEM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Newmont Corporation is one of 240 companies in the Basic Materials group. The Basic Materials group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 d ...

Investors might want to bet on Newmont Corporation (NEM) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this gold and copper miner, should get reflected in its stock price. After all, empirical research shows a strong correla ...

Core Viewpoint - Investors are seeking undervalued asset classes, particularly blue-chip stocks, with expectations of rate cuts leading to increased fund flows into risky assets like commodities and energy [1][2] Group 1: Newmont Corporation (NEM) - Newmont's stock has remained stable despite a 12% increase in gold prices year-to-date, presenting a buying opportunity [3] - The company has a strong balance sheet with a cash buffer of $2.7 billion and operating cash flow of $776 million for Q1 2024, positioning it for potential dividend increases [3] - Newmont ended 2023 with 136 million ounces of gold, providing clear production and cash flow visibility, with a forward price-earnings ratio of 17.4 [4] Group 2: Occidental Petroleum (OXY) - Occidental's stock is currently undervalued despite previous high interest from investors like Warren Buffett, with macroeconomic challenges affecting its performance [6] - The company reported operating cash flow of $5.5 billion for 2023, allowing flexibility for dividends, share repurchases, and capital investments [6] - Occidental ended 2023 with reserves of four billion barrels of oil equivalent and a reserves replacement ratio of 137%, indicating strong production growth potential [7] Group 3: Vale (VALE) - Vale is identified as an undervalued industrial commodity stock, trading at a forward price-earnings ratio of 7 and offering an 8.7% dividend yield [8] - The company reported the highest iron ore production since 2019 in Q1 2024, with year-on-year increases in copper and nickel production, alongside EBITDA and free cash flow of $3.5 billion and $2 billion respectively [8] - Vale has an annual free cash flow potential of $8 billion, supporting its ability to sustain dividends and invest in energy transition metals [9]

J Studios My Thesis Judging by the way the price of gold has been behaving lately, I think the valuation of Newmont Corporation (NYSE:NEM) stock is moving further and further away from its fair value. As one of the largest gold mining companies in the world, I don't think Newmont should be trading at the current discount for too long - a continuation of the recent uptrend is most likely ahead of us. My Reasoning I recently read a new newsletter from the activist gold hedge fund Crescat Capital. It state ...

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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File Number: 001-31240 NEWMONT CORPORATION (Exact name of registrant as specified in its charter) Delaware ...

Key TakeawaysThe S&P 500 slipped 0.5% on Thursday, April 25, 2024, as data showed a slowdown in economic growth and an uptick in inflation in the first quarter.Shares of Meta Platforms tumbled as the social media giant forecast higher AI-related expenses.Newmont shares moved higher after the miner beat quarterly estimates, boosted by strong production and high gold prices. Major U.S. equities indexes tumbled as data showed a slowdown in economic growth and an uptick in inflation in the first quarter. The co ...

Financial Data and Key Metrics Changes - In Q1 2024, Newmont produced 1.7 million ounces of gold at an all-in sustaining cost of $1,439 per ounce, with expectations for unit costs to improve throughout the year due to higher production in the second half and delivery of synergies [8] - The Tier 1 portfolio produced 1.4 million ounces of gold at $1,378 per ounce, along with over 480,000 gold equivalent ounces from copper, silver, lead, and zinc, including 35,000 tons of copper produced and sold [8] - Cash flow from operating activities in Q1 was $776 million, which included a $666 million reduction from working capital [8] Business Line Data and Key Metrics Changes - The company is focused on strengthening its position as a sustainability leader in the gold industry, publishing its 20th annual sustainability report and third annual taxes and royalties contribution report [7] - The operational performance in the first quarter was described as strong, with a commitment to delivering consistent results throughout the year [7] Market Data and Key Metrics Changes - The company has seen easing in contractor costs, particularly in diesel and explosives, while experiencing increases in steel wall costs and cyanide costs [10] - Energy costs have shown some reductions in certain areas compared to 2023 [10] Company Strategy and Development Direction - Newmont is actively pursuing a divestment strategy, with six assets currently in the process of being sold, engaging banks for price discovery and assessing interest from potential buyers [30] - The company is implementing a full potential program at various sites, including Lihir, focusing on productivity and cost improvements [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance and the ability to meet 2024 guidance, emphasizing a focus on safety and the impact of recent tragic incidents on the company culture [6][7] - The integration of Newcrest is progressing well, with management reflecting on lessons learned from past integrations to enhance operational standards [51] Other Important Information - The company is constructing two large water treatment plants at Yanacocha to treat water in perpetuity, designed to handle significant volumes of acidic water [33] - The total closure liability for Yanacocha is approximately $4.8 billion, which includes costs for the water treatment plants and other closure activities [42] Q&A Session Summary Question: On operations and inflationary costs - Management noted easing in contractor costs, particularly in diesel and explosives, while labor costs remained flat [10][11] Question: On asset dispositions and buyback policy - The company has a $1 billion buyback program approved, with flexibility to execute once cash flow improves and debt reduction is on track [15][14] Question: On the full potential program at Lihir - Management highlighted three main productivity and cost opportunities at Lihir, focusing on consistent feed management, improving plant availability, and enhancing mine efficiency [22][24] Question: On Yanacocha water treatment plants - The new plants are designed for both capacity and technology improvements, with significant ongoing operational costs included in closure liabilities [33][39] Question: On integration challenges post-Newcrest acquisition - The most challenging aspects included addressing safety standards and integrating tailings facilities to meet Newmont's operational standards [51]