Newmont Stock Trading Cheaper Than Industry: Buy or Hold?

Newmont Corporation’s (NEM) stock looks attractive from a valuation perspective. NEM is currently trading at a forward price/earnings of 11.89X, a roughly 10.2% discount when stacked up with the Zacks Mining – Gold industry’s average of 13.24X. It also has a Value Score of B. Image Source: Zacks Investment ResearchNEM is currently trading at a roughly 23% discount to its 52-week high of $58.72, reached on Oct. 22, 2024, as gold prices catapulted to new highs on U.S. election uncertainties and heightened geo ...