RiverRockPhotos The soft US economic landing appears to have rocky implications for the US Dollar Index (DXY). A decent macro growth backdrop along with a weaker greenback is a bullish recipe for spot gold. Heading into the final week of August, the precious metal traded at more all-time highs, above $2525 per ounce. Certainly, lower real interest rates have been a tailwind, too. I reiterate a buy rating on Newmont Mining (NYSE:NEM). I am raising my intrinsic value target from $50 last November to $65 b ...

chameleonseye Newmont: Bullish Breakout Validated I don't think bullish Newmont Corporation (NYSE:NEM) investors are surprised by the robust rally since NEM bottomed out in February 2024. As a result, NEM has continued outperforming the S&P 500 (SPX) (SPY) over the past six months, as investors bet correctly on the lower interest rates ahead. Given Newmont's market leadership and improved execution, it has also outperformed the SPDR Gold Shares ETF (GLD) since its February 2024 lows. In my previous bullish ...

A month has gone by since the last earnings report for Newmont Corporation (NEM) . Shares have added about 12.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Newmont due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Newmont's Earnings and Revenues Beat Estimates ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?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 brokerage recommenda ...

Enduro Metals Corporation Announces 2024 Diamond Drilling Program at Newmont LakeAugust 21, 2024 7:29 AM EDT | Source: Enduro Metals CorporationKelowna, British Columbia--(Newsfile Corp. - August 21, 2024) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) ("Enduro Metals" or the "Company") is pleased to provide an update on its 2024 summer exploration program on its 100% owned Newmont Lake Project.The Company's 2024 exploration program will focus on two key objectives:Oriente ...

Early this month, the CBOE Volatility Index, or VIX soared to multi-year highs. As a contrarian indicator, a northward trek of the fear gauge implies a negative outlook for equities. To put it simply, the VIX tells us the magnitude by which options traders anticipate the market will move. Since acceleration is sharper during down cycles than up, higher mobility is generally bearish. Still, speculators may want to consider certain stocks to buy now.That’s because the VIX is part of the usual ebb and flow of ...

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Newmont Corporation (NEM) recently announced that it is expanding its use of next-generation 5G wireless networks to improve safety in underground mining following trial results from its Cadia mine in New South Wales, Australia. In February of last year, Newmont announced a 5G trial with Ericsson and Telstra Purple at its Cadia mine, which is one of the world's largest underground gold and copper mines.Prior to the study, Cadia’s upload speeds were limited to 20-30 megabits per second (Mbps) when using Wi-F ...

Newmont Corporation’s (NEM) shares have rallied 41.5% in the past six months, outperforming the Zacks Mining – Miscellaneous industry’s decline of 5%. The bullishness appears to have been catalyzed by its forecast-topping earnings performance in the second quarter on the back of higher gold prices and production.The stock is currently trading at a roughly 8.5% discount to its 52-week high of $50.72, reached on Aug 2, 2024, thanks to a new all-time high in gold prices. Technical indicators show that NEM has ...

Newmont Corporation (NEM) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this gold and copper miner reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between ...