Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive has a presence in key finance and investing hubs with bureaus and studios located in major cities such as London, New York, and Sydney [2] Group 2 - The company emphasizes the use of technology to enhance workflows and improve content production [4] - Proactive employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Newmont Corporation (NEM) has experienced a significant decline of 28% over the past four weeks, but it is now positioned for a potential trend reversal as it enters oversold territory, with analysts predicting better earnings than previously expected [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) for NEM is currently at 23.28, indicating that the heavy selling pressure may be exhausting, suggesting a possible rebound towards the previous equilibrium of supply and demand [5]. - The stock's price as of October 25, 2024, is $48.42, with a volume of 2826.96, and the RSI 14 is at 31.428, further supporting the potential for a price recovery [5]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts that earnings estimates for NEM have increased by 2.9% over the last 30 days, which typically correlates with price appreciation in the near term [5]. - NEM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a favorable outlook for a turnaround [6].

Core Viewpoint - Kenorland Minerals Ltd. is advancing its exploration efforts at the Chebistuan Project in Quebec, with a winter 2025 drill program planned and Newmont Corporation entering Phase 2 of their earn-in agreement to potentially increase its interest in the project to 80% [2][3][8]. Drill Program Details - The winter 2025 drill program will involve up to 3,500 meters of drilling at the Deux Orignaux target area, following up on previous drilling results that included 157.20 meters at 0.41 g/t Au [4][6]. - The program aims to test the lateral and down-dip extents of mineralized syenite and additional targets identified through geophysical surveys [4][5]. Phase 2 Earn-In Agreement - Newmont is required to make a one-time cash payment of C$200,000 and incur additional qualifying expenditures to define a 1.5 million ounces gold resource through a pre-feasibility study within six years [7][11]. - Upon completion of the Phase 2 Earn-In, Newmont's interest will increase from 51% to 80%, while Kenorland's interest will decrease from 49% to 20% [8][11]. Project Background - The Chebistuan Project covers approximately 100 kilometers of a major deformation zone and is located near significant gold deposits, with historical production of over 6.5 million ounces of gold and 1.6 billion pounds of copper in nearby mining camps [9][10]. - The project was acquired by Kenorland through map staking in December 2019 and optioned to Newmont in July 2020, with systematic exploration efforts ongoing since then [9][11].

Core Insights - The article highlights the investment strategies and achievements of Paul Franke, a seasoned investor with 38 years of trading experience, emphasizing his contrarian stock selection style and algorithmic analysis [1] Group 1: Investment Strategies - Paul Franke developed a system called "Victory Formation," which focuses on identifying supply/demand imbalances through specific stock price and volume movements [1] - The "Bottom Fishing Club" articles target deep-value stocks or those showing significant positive technical momentum reversals [1] - The "Volume Breakout Report" articles analyze positive trend changes supported by strong price and volume trading actions [1] Group 2: Performance and Recognition - Franke was consistently ranked among the top investment advisors nationally during the 1990s and achieved the 1 position in the Motley Fool® CAPS stock picking contest in 2008 and 2009 out of over 60,000 portfolios [1] - As of September 2024, he is ranked in the Top 3% of bloggers by TipRanks® for 12-month stock picking performance over the last decade [1] Group 3: Risk Management - Franke advises investors to implement stop-loss levels of 10% or 20% on individual stock choices and to maintain a diversified portfolio of at least 50 well-positioned stocks to enhance regular stock market outperformance [1]

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 ...