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]

Core Viewpoint - Newmont Corporation, the world's largest gold miner, has experienced a stock decline of 13% over the past month, despite a strong Q3 2024 performance with revenues increasing by 84% year-over-year to $4.6 billion due to rising gold prices and higher production volumes following the acquisition of Newcrest [1][2]. Financial Performance - In Q3 2024, gold production rose by nearly 30% year-over-year, with gold prices reaching $2,518 per ounce compared to $1,920 per ounce in Q3 2023 [2]. - Earnings per share were reported at $0.81, falling short of estimates due to elevated costs, with all-in-sustaining costs rising to $1,611 per ounce, a 13% increase from the previous year [2]. - Newmont reported a net income of $922 million, marking its highest quarterly profit in five years, and is on track to meet its full-year 2024 guidance of approximately 6.75 million ounces of attributable gold production [3]. Stock Performance - Newmont's stock has underperformed the broader market for the past three years, with returns of 7% in 2021, -21% in 2022, and -9% in 2023 [4]. - The current stock price is around $46 per share, which is considered undervalued, with a price estimate of $53, indicating a potential upside of nearly 15% [5][6]. Strategic Moves - The acquisition of Newcrest for $17.5 billion is expected to enhance Newmont's margins as Newcrest is recognized as a low-cost producer, and it will also increase Newmont's copper production, which is essential for the green energy sector [6].

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 ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Score ...

Investment Strategy - Focuses on identifying growth investing opportunities with attractive risk/reward upside potential [2] - Combines sharp price action analysis with fundamentals investing [2] - Avoids overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities [2] Investment Group - Runs the investing group Ultimate Growth Investing, specializing in high-potential opportunities across various sectors [3] - Focuses on ideas with strong growth potential and well-beaten contrarian plays, with an 18 to 24 month outlook [3] - Targets growth stocks with robust fundamentals, buying momentum, and turnaround plays at highly attractive valuations [3] Analyst Recognition - Recognized by TipRanks as a Top Analyst [1] - Recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, Internet, Growth, and GARP [1] - Demonstrates outperformance with picks that generate alpha well above the S&P 500 [1]

Gold is outperforming the S&P 500 in 2024. Shares of gold miner Newmont (NEM -1.69%) fell 14.7% on Thursday after the company reported thirdquarter 2024 results. The sell-off may seem strange, given gold prices are still hovering around an all-time high. Here's what's driving the sell-off in the dividend stock and why there may be better options for investing in gold than mining stocks. Newmont couldn't live up to the hype 2024 has been a phenomenal year for gold stocks and most mining stocks. In fact, unti ...

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 September 30, 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) Dela ...