Core Viewpoint - Spot gold and silver prices have reached historical highs, leading to a significant increase in the stock prices of precious metal companies in the U.S. [1] Company Performance - Harmony Gold (HMY.US) has seen its stock price rise by over 8% [1] - First Majestic Silver (AG.US) and Endeavour Silver (EXK.US) have both increased by more than 6% [1] - Pan American Silver (PAAS.US) and Newmont Corporation (NEM.US) have experienced stock price increases of over 3% [1]

Core Viewpoint - Newmont Corporation has experienced significant growth, with a 168% increase in stock value in 2025, driven by a surge in gold prices [1]. Group 1: Company Overview - Newmont Corporation (NYSE:NEM) is a mining company focused on gold production and exploration, while also seeking other metals such as copper, silver, zinc, and lead [2]. Group 2: Market Performance - The performance of Newmont is highlighted in the context of the overall gold market, which has had a strong year, contributing to the company's stock gains [1]. - Analysts have raised their price targets for Newmont, indicating positive market sentiment towards the stock [2]. Group 3: Comparative Analysis - While Newmont is recognized as a strong investment, Agnico Eagle Mines is preferred by some analysts for its performance, which has also more than doubled in 2025 [1][2].

Industry Overview - Gold has been in a bull market for almost two years, with gold miners experiencing a catch-up rally since early 2025 [1] - Gold miners have generally underperformed the commodity itself, indicating potential investment opportunities in this sector [1] Investment Strategy - The focus is on GARP (Growth At a Reasonable Price) and turnaround stocks, emphasizing the importance of valuation in stock selection [1] - The investment strategy aims to identify stocks with limited downside and unlimited upside potential [1] Analyst Background - The analyst is a professional portfolio manager with a decade of experience in investment funds, based in Luxembourg [1] - The analyst has a diverse educational background, having studied in France, the U.S., and Russia [1] - The analyst operates independently and shares investment opinions and decisions through a publicly available portfolio on eToro [1]

Industry Overview - The U.S. capture of Venezuelan President Nicolas Maduro has significant implications for the oil and gas industry, particularly given Venezuela's vast oil reserves of 303 billion barrels, the largest in the world [1] - Modernizing Venezuela's energy infrastructure is projected to cost over $110 billion over the next decade, presenting both challenges and opportunities for investment [1] Government and Corporate Involvement - The U.S. government may need to finance part of the modernization efforts to attract major American oil and gas producers back to Venezuela, with President Trump indicating a willingness to consider such arrangements [2] - Meetings between leaders of oil firms and the Trump administration are expected to take place to discuss potential plans that benefit all stakeholders [2] Mineral Reserves and Investment Potential - In addition to oil and gas, Venezuela possesses significant untapped mineral reserves, including gold, copper, silver, and zinc, which could present further investment opportunities [3] - Newmont (NEM) has shown strong performance, ranking 78th on Barchart's Top 100 Stocks to Buy, with a stock price increase of over 180% in the past year, indicating potential for further growth [3] Financial Performance of Newmont - Newmont's cash flow from operations reached $9.22 billion for the trailing 12 months ending September 30, an increase from $8.57 billion in June and a 110% rise from $4.4 billion in September 2020 [5] - The company's free cash flow (FCF) for the same period was $6.12 billion, yielding an FCF margin of 28.5%, consistent with 2020 levels, although revenue generation per dollar of capital expenditure has decreased by 17% compared to 2020 [6] Valuation Metrics - Current valuation metrics for Newmont show that investor multiples are similar to those observed in September 2020, suggesting stability in investor sentiment despite market fluctuations [7]

Group 1 - Newmont Inc. stock is currently trading at $104.78, reflecting a 1.21% increase, with a 15.17% rise over the past month and a remarkable 176.92% increase over the past year [1] - Long-term shareholders are optimistic about Newmont's performance, while some investors are concerned about the potential overvaluation indicated by the price-to-earnings (P/E) ratio [1] Group 2 - The P/E ratio is a critical metric for investors, comparing the current share price to the company's earnings per share (EPS), and is used to assess the company's performance against historical data and industry benchmarks [5] - A higher P/E ratio suggests that investors expect better future performance, which may indicate overvaluation, but it can also reflect a willingness to pay a premium for anticipated growth [5] - Newmont's P/E ratio is lower than the aggregate P/E of 38.11 for the Metals & Mining industry, suggesting that the stock may be undervalued despite potential concerns about its performance relative to peers [6] Group 3 - While the P/E ratio is a useful tool for evaluating market performance, it should be interpreted cautiously, as a low P/E can indicate undervaluation or weak growth prospects [8] - Investors should consider the P/E ratio alongside other financial metrics, industry trends, and qualitative factors for a comprehensive analysis of a company's financial health [8]

Group 1: Insurance Sector - The insurance sector continues to rise, with China Ping An (02318) up 5.17%, New China Life (01336) up 4.14%, China Life (02628) up 4.83%, and China Pacific Insurance (02601) up 3.29%. The National Financial Regulatory Administration reported that the insurance industry achieved a total premium income of 57,629 billion yuan, a year-on-year increase of 7.6% for the first 11 months of 2025 [1][2]. Group 2: Hydrogen Energy - Guofu Hydrogen Energy (02582) saw a rise of over 7.2% after announcing the delivery of a total of 424 sets of vehicle-mounted high-pressure hydrogen supply systems to clients, which will be used in fuel cell buses in Guangzhou [1]. Group 3: Coal Sector - Coal stocks collectively rose, with China Coal Energy (01898) up 4.33%, Yanzhou Coal Mining (01171) up 3.18%, and China Shenhua Energy (01088) up 2.31%. Since late November, port thermal coal prices have been on a downward trend, dropping from a high of 834 yuan/ton to a low of 670 yuan/ton, before rebounding on December 31, increasing by 8 yuan/ton to 678 yuan/ton [1]. Group 4: Solar Energy and AI - Junda Co., Ltd. (02865) increased by over 6.1% following a report from Guotai Junan that Elon Musk proposed a plan to deploy 100GW of solar AI satellites annually, driving demand for space photovoltaic technology [1]. Group 5: Lithium Mining - Lithium stocks were active, with Ganfeng Lithium (01772) up 4.22% and Tianqi Lithium (09696) up 2.85%. After breaking through the 130,000 yuan/ton mark, lithium carbonate futures surged over 8%, reaching a high of 137,760 yuan/ton [2]. Group 6: Real Estate Sector - Domestic real estate stocks continued to rise, with Beike-W (02423) up 3.44%, Longfor Group (00960) up 5.24%, China Jinmao (00817) up 5.34%, and China Resources Land (01109) up 3.64%. An article published in "Qiushi" magazine emphasized the need to improve and stabilize expectations in the real estate market [2]. Group 7: Baby Products - Different Group (06090) rebounded by over 34.99%. According to a report from China Merchants Securities, the company is positioned as a mid-to-high-end baby products brand with strong product development and channel expansion capabilities, targeting middle-class and high-net-worth consumers [3]. Group 8: Mining Sector - Zijin Mining (02899) rose nearly 6%, reaching a historical high. The company recently announced an annual profit forecast of 51 to 52 billion yuan, an increase of approximately 18.9 to 19.9 billion yuan compared to the previous year's profit of 32.051 billion yuan, representing a year-on-year growth of about 59% to 62% [3]. Group 9: U.S. Stock Market - The Dow Jones Industrial Average broke through 49,000 points, rising 1.3%, with major U.S. bank stocks reaching historical highs. Goldman Sachs (GS.US) rose 3.73%, JPMorgan Chase (JPM.US) rose 2.63%, and Morgan Stanley (MS.US) rose 2.55%. The U.S. ISM reported that the manufacturing PMI fell to 47.9 in December, below the expected 48.4 [4]. Group 10: Precious Metals - U.S. precious metal stocks collectively strengthened, with Hecla Mining (HL.US) up 4.56% and Barrick Gold (B.US) up 3.77%. Spot gold surged 2.5%, reclaiming the $4,400 mark, while spot silver rose 5%, surpassing $76 [4]. Group 11: AI and Technology - Datavault AI (DVLT.US) surged 42.57%, with a cumulative increase of 180% over three trading days after signing a procurement agreement with AP Global Holdings LLC for infrastructure and cybersecurity services [5]. Group 12: Bitcoin and Related Stocks - Bitcoin briefly reached the $93,000 mark, with related stocks rising, including Strategy (MSTR.US) up 4.81% and Coinbase (COIN.US) up 7.77% [6]. Group 13: Oil Sector - Oil stocks saw significant pre-market gains, with Chevron (CVX.US) up 5.1% and ConocoPhillips (COP.US) up 2.59%. Reports indicated that the U.S. had captured Venezuelan President Maduro through military action, leading to a strong performance in oil and gas services [7].

Company Performance - Newmont Corporation (NEM) experienced a +2.28% increase in its stock price, closing at $103.53, outperforming the S&P 500's gain of 0.64% on the same day [1] - Over the past month, Newmont's shares have risen by 12.77%, while the Basic Materials sector and the S&P 500 have gained 5.72% and 0.55%, respectively [1] Earnings Forecast - The upcoming earnings report for Newmont is anticipated to show an EPS of $1.61, reflecting a 15% growth compared to the same quarter last year [2] - Revenue is expected to be $5.45 billion, indicating a 3.5% decline from the year-ago quarter [2] Annual Estimates - For the entire year, Zacks Consensus Estimates predict earnings of $6.12 per share and revenue of $21.12 billion, representing a +75.86% change in earnings and no change in revenue compared to the previous year [3] - Recent analyst estimate revisions are seen as a positive indicator for the business outlook [3] Valuation Metrics - Newmont is currently trading at a Forward P/E ratio of 14.35, which is higher than the industry average of 11.89, suggesting a premium valuation [6] - The company has a PEG ratio of 0.61, compared to the Mining - Gold industry's average PEG ratio of 0.38 [7] Industry Ranking - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 72, placing it in the top 30% of over 250 industries [7] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - The market is experiencing bullish trends with the S&P 500 and Dow Jones Industrial Average showing positive movements, while gold prices are rising, prompting interest in mining stocks like Newmont [1][3]. Group 1: Market Trends - The S&P 500 and Dow Jones Industrial Average are off to a strong start in the first full week of trading in 2026 [1]. - Gold prices have increased by 3%, leading investors to seek exposure through mining stocks [4]. Group 2: Newmont's Performance - Newmont, the only gold producer in the S&P 500, is a popular choice for investors looking to invest in gold, with projected gold production of 5.9 million ounces in 2025 [4]. - In Q3 2025, Newmont reported a record free cash flow of $1.6 billion, marking the fourth consecutive quarter with over $1 billion in free cash flow [5]. Group 3: Investment Considerations - Despite today's rise, Newmont shares are considered reasonably valued at 14.1 times forward earnings, making it a viable option for investors seeking gold exposure [6]. - Investors concerned about potential downturns in Newmont stock may want to consider gold exchange-traded funds as an alternative [6].

Core Viewpoint - The precious metals sector in the US stock market experienced a significant rally, driven by a sharp increase in spot gold and silver prices [1] Group 1: Market Performance - Hecla Mining (HL.US) surged over 7% [1] - Agnico Eagle Mines (AEM.US) rose more than 5% [1] - Newmont Corporation (NEM.US) and Barrick Gold (B.US) both increased by over 3% [1] Group 2: Commodity Price Movements - Spot gold prices increased by 2.5%, surpassing $4,400 [1] - Spot silver prices rose by 5%, exceeding $76 [1]

Group 1 - The majority of precious metal miners experienced an increase in stock prices on January 5, with Kinross Gold rising by 1.22%, AngloGold by 3.1%, and Newmont Mining by 1.8% [2]