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Should You Buy Newmont Stock After a 39% Rally in 6 Months?
ZACKS· 2025-07-18 12:26
Core Viewpoint - Newmont Corporation's shares have increased by 39.2% over the past six months, driven by rising gold prices amid trade and geopolitical uncertainties, outperforming both the Zacks Mining – Gold industry and the S&P 500 [1][6]. Performance Summary - NEM stock has outperformed the Zacks Mining – Gold industry's increase of 38.5% and the S&P 500's rise of 3.9% [1]. - Compared to peers, Barrick Mining Corporation, Agnico Eagle Mines Limited, and Kinross Gold Corporation have gained 30.1%, 39.5%, and 49.7%, respectively, over the same period [1]. Technical Indicators - Technical indicators show bullish momentum for NEM, with the stock trading above its 50-day and 200-day simple moving averages (SMA), indicating a long-term uptrend [4][5]. Financial Health - Newmont recorded $1.2 billion in free cash flow in Q1 2025, reflecting strong financial health that supports growth initiatives [6]. - The company has a liquidity position of $8.8 billion, including approximately $4.7 billion in cash and cash equivalents, and operating cash flow from continuing operations increased by roughly 162% year-over-year to around $2 billion in Q1 [12]. Growth Projects - Newmont is investing in growth projects such as the Tanami Expansion 2 in Australia and the Ahafo North expansion in Ghana, which are expected to enhance production capacity and extend mine life [9]. - The acquisition of Newcrest Mining Limited has created a strong portfolio with a multi-decade production profile, expected to deliver significant value and synergies, achieving $500 million in annual run-rate synergies post-acquisition [10]. Strategic Divestitures - Newmont has divested non-core businesses to focus on Tier 1 assets, completing a divestiture program in April 2025 that is expected to generate $3 billion in after-tax cash proceeds [11]. - Recent sales of shares in Greatland Resources Limited and Discovery Silver Corp are projected to yield around $470 million after taxes and commissions [11]. Gold Price Dynamics - Gold prices have increased by approximately 27% this year, reaching a record high of $3,500 per ounce on April 22, 2025, driven by trade tensions and central bank purchases [13][15]. - Current gold prices are hovering above $3,300 per ounce, supported by safe-haven demand amid geopolitical uncertainties [15]. Dividend and Earnings Outlook - NEM offers a dividend yield of 1.7% with a payout ratio of 24%, indicating a sustainable dividend backed by strong cash flows [16]. - Earnings estimates for 2025 have been revised upward, with a Zacks Consensus Estimate suggesting a year-over-year growth of 31.3% [17]. Valuation Metrics - Newmont is trading at a forward price/earnings ratio of 12.24X, slightly below the industry average of 12.45X, indicating a competitive valuation [19]. Investment Case - Newmont presents a compelling investment opportunity due to its robust growth projects, strong financial health, and rising earnings estimates, making it a prudent choice for investors looking to capitalize on favorable gold market conditions [23].
Jim Cramer Says AMD Is 'Going In The Right Direction'
Benzinga· 2025-07-18 12:11
In a financial landscape characterized by volatile energy markets and a tech sector in flux, investment guru Jim Cramer‘s latest recommendations on CNBC’s “Mad Money Lightning Round” reflect keen insights into both traditional and emerging industries.On Thursday, Cramer recommended buying ConocoPhillips COP.Supporting his view, Piper Sandler analyst Ryan Todd maintained a ConocoPhillips rating of Overweight on July 15 and raised the price target from $113 to $123.When asked about Advanced Micro Devices AMD, ...
LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold Mill
Newsfile· 2025-07-18 12:00
LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold MillJuly 18, 2025 8:00 AM EDT | Source: LaFleur Minerals Inc.Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has commenced its diamond drilling program at its Swanson Gold Project ("Swanson") in the Abitibi region, Québec, af ...
Snow Lake Advances Uranium Projects in Wyoming and Namibia in Support of U.S. Policies on National & Energy Security
Newsfile· 2025-07-18 11:30
Snow Lake Advances Uranium Projects in Wyoming and Namibia in Support of U.S. Policies on National & Energy SecurityJuly 18, 2025 7:30 AM EDT | Source: Snow Lake Resources LtdWinnipeg, Manitoba--(Newsfile Corp. - July 18, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, provides an update on progress at its uranium projects in Wyoming and Namibia, together with how the exploration and development of such proje ...
Capitan Silver Successfully Raises C$6.6M Through the Accelerated Exercise of Warrants
Newsfile· 2025-07-18 11:00
Capitan Silver Successfully Raises C$6.6M Through the Accelerated Exercise of WarrantsJuly 18, 2025 7:00 AM EDT | Source: Capitan Silver Corp.Highlights:Capitan raises an additional C$6.6M in cash through the early exercise of all its outstanding warrantsA total of 13,250,000 warrants have been exercised at a strike of C$0.50Capitan's Top 3 shareholders accounted for over 78% of the warrantsCapitan has zero warrants outstanding and is fully funded for 2025Vancouver, British Columbia--(Newsfile ...
Cathedra Bitcoin Announces Early Repayment of Outstanding Debt
Newsfile· 2025-07-18 11:00
Toronto, Ontario--(Newsfile Corp. - July 18, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the "Company" or "Cathedra"), a bitcoin company that develops and operates digital infrastructure assets, is pleased to announce that on July 17, 2025, the Company repaid its outstanding bitcoin-backed loan of approximately US$2.560 million (the "Loan"). The Loan, which was made to the Company by an arm's length third party on March 14, 2025, was secured by approximately 50.5 of the Company's bitcoin, ca ...
X @Bloomberg
Bloomberg· 2025-07-18 10:08
KoBold Metals and the Democratic Republic of Congo signed a mineral exploration pact, deepening the company’s activities in the central African nation https://t.co/rjr6di65LM ...
Lake Victoria Gold Provides Update on Nyati Plant Construction and Progress Toward Binding Agreement
Newsfile· 2025-07-18 10:00
Core Viewpoint - Lake Victoria Gold Ltd. is advancing the construction of the Nyati processing facility in Tanzania and is in negotiations for a binding agreement to formalize a strategic partnership with Nyati Resources [1][8]. Group 1: Construction Progress - The Nyati processing facility includes a 120 tonne-per-day carbon-in-pulp (CIP) plant and a second larger unit with a capacity of over 500 tonnes per day, aiming for a total capacity exceeding 600 tonnes per day once fully commissioned [3]. - Construction is nearing completion, with commissioning expected to begin within 4-6 weeks, and final site preparations and equipment testing are currently underway [4]. - Key components of the facility, including the primary and secondary crushing circuits, mill feed bins, and leach circuit, have been installed and are undergoing final testing [7]. Group 2: Strategic Partnership - Lake Victoria Gold and Nyati Resources are in advanced negotiations for a binding agreement that will grant LVG exclusive rights to mill and process ore at the Nyati facility, supporting the development of nearby mining licenses [8]. - The proposed agreement will outline capital contributions and revenue sharing provisions, enhancing LVG's operational capabilities [8]. Group 3: Management Insights - The Managing Director of Tanzania, David Scott, highlighted the impressive scale and quality of the construction, indicating that the facility will be crucial for LVG's development strategy [2]. - The President & CEO of Lake Victoria Gold, Marc Cernovitch, emphasized that the progress at Nyati represents a key milestone in unlocking the value of Tanzanian assets through efficient development [9].
Billionaire Stanley Druckenmiller Sold His Entire Stake in Palantir and Has Loaded Up on These 2 Exceptional Stocks for 3 Consecutive Quarters
The Motley Fool· 2025-07-18 07:06
Duquesne Family Office's billionaire chief dumped his fund's stake in Wall Street's artificial intelligence (AI) darling in favor of two reasonably cheap stocks that have taken off in recent years.Though earnings season is often viewed as the highlight of each quarter, there are a number of other data releases that can tell investors a lot about the health of the stock market. In particular, the filing of Form 13F with the Securities and Exchange Commission is, arguably, one of the most important quarterly ...
X @Bloomberg
Bloomberg· 2025-07-18 06:10
China’s exports of rare-earth products jumped in June, pointing to a potential pickup in magnet supplies https://t.co/ggVvex386b ...