Newmont: The Giant Is About To Wake Up

Oat_Phawat Gold has been on a serious rise lately, with prices breaching the US$2,400/oz mark. However, gold miners have been trailing behind with the market yet to close this divergence. Data by YCharts I believe this represents an opportunity. In this article, I’ll present the case for Newmont Corporation (NYSE:NEM), which at current gold prices has at least 24% upside, according to my assumptions and calculations. Q1’24 earnings preview Newmont is set to report earnings on 25 April, before the market ...