Newmont Mining (NEM)

[winston]

Not vested.

A HUGE BREAKOUT IN THE GOLD STOCK SECTOR

Good news for gold stock owners: One of the big "bellcows" of the industry has decisively broken out to a new all-time high.

For the past five years, large-cap gold mining stocks have been criticized for not producing the kind of returns folks expected during a period of rising gold prices.

Major gold miner Newmont Mining (NEM), for example, has treaded water since 2006… even though gold itself has doubled in price. Costs like infrastructure, manpower, and fuel have climbed along with gold prices over the past five years… which has capped earnings.

But as you can see from today's chart, the recent increase of gold from $950 to $1,200 per ounce has had a big effect on Newmont's cash flows and share prices. It has sent this bellcow to a five-year high. If you're long gold stocks, this is a beautiful picture…


www.dailywealth.com

[winston]

EVEN THE BLUE CHIPS ARE GETTING KILLED IN THIS SECTOR

Our expected gold stock "rally" is still a gold stock "rout"…

Over the past year, we've written many times how we expected gold stocks to stage a rally. We cited how gold stocks are cheap relative to gold… and cheap relative to 2012 expected earnings.

The fact that gold stocks were in a bullish series of "higher highs and higher lows" added another weight to the bullish side of the scales.

Today's chart shows how the scales have tipped in favor of gold-stock bears. Our chart is the past three years trading in blue-chip gold giant Newmont Mining. Newmont is a "top 5" gold producer… and one of the few gold stocks that pays a cash dividend.

Over the past few weeks, Newmont has performed a major "swan dive" to reach a 52-week low. Traders are worried the Fed will eventually raise interest rates… which makes gold less attractive… which results in gold-stock selling.

As we mentioned in this "warning" note, we expect gold prices to trend higher over the coming years. But a trader must always "mind the market." The market is the judge, jury, and executioner of any idea.

In this case, the market has dealt gold stocks like Newmont tremendous damage. It will likely be months before we can say this trend is even close to "healthy."

www.dailywealth.com

[winston]

not vested

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties.

The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, and Mexico.

As of December 31, 2011, it had proven and probable gold reserves of approximately 98.8 million ounces and an aggregate land position of approximately 31,500 square miles.

The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

[winston]

not vested

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties.

The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, and Mexico.

As of December 31, 2011, it had proven and probable gold reserves of approximately 98.8 million ounces and an aggregate land position of approximately 31,500 square miles.

The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

http://todaysbigstock.com/2013/01/29/ne ... yse-nem-2/

[winston]

Gold miner Newmont Mining rises to a new multiyear high… shares have almost doubled so far in 2016.

[winston]

not vested

Newmont Mining

This is one of the largest mining companies and a solid buy for more conservative accounts. It is also one of the top picks at Deutsche Bank.

Newmont Mining Corp. (NYSE: NEM) is a leading gold and copper producer. It employs approximately 29,000 employees and contractors, with the majority working at managed operations in the United States, Australia, Ghana, Peru, Indonesia and Suriname.

Newmont is the only gold producer listed in the S&P 500 index, and it was named the mining industry leader by the Dow Jones Sustainability World Index in 2015.

The company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.

The company recently announced that two projects in Ghana are moving ahead and are expected to add 200,000 to 300,000 ounces of new gold output for the company.

Plus, Merrill Lynch indicates that the company will be able to maintain 5 million ounce annual output rate over the long term.

Shareholders receive a 0.6% dividend. The $42 Merrill Lynch price target was raised to $43. The consensus target is $39.17, and shares closed Friday at $34.13.

Source: 247 Wall Street

[winston]

not vested

Morgan Stanley analyst Evan Kurtz and team offer their thoughts on Newmont:

There were no major surprises in the quarter. 1Q17 EPS came in modestly above both our estimate and consensus, while EBITDA beat our estimate but was slightly below consensus.

We think the market will view the quarter as in line to moderately positive. The outlook for 2017 remained mostly unchanged.

Production and cost guidance for 2018 and beyond improved as the recently approved Subika Underground and Ahafo Mill Expansion were added to the outlook numbers.

Source: Barron's

http://blogs.barrons.com/stockstowatcht ... yptr=yahoo

[winston]

not vested

Newmont Mining Is Investors' Gold Stock to Buy

By Richard Suttmeier

Newmont is not cheap fundamentally, as its P/E ratio is 200.67, and the dividend yield is anemic at 0.77%.

Analysts expect Newmont Mining to post earnings per share of 40 cents when it reports results before the opening bell on Thursday, Feb. 22.

Some analysts say that gold production should continue to improve in Africa and North America.

Meanwhile, copper is another metal mined by Newmont that is projected to have year-over-year gains.

Source: Investopedia

https://www.investopedia.com/news/newmo ... yptr=yahoo

[winston]

not vested

This Stock is Breakout Ready

by Serge Berger

Active investors and traders could look to buy NEM stock in the high $40s with a next upside target in the mid $50s and a second target closer to the $60 area.

Given how volatile this stock can be at times, a stop loss must be given plenty of leash in my eyes, and thus not until NEM stock holds below the $44 area would I look to exit with a stop loss.

Source: InvestorPlace

https://tradesoftheday.com/2020/03/05/t ... out-ready/

[winston]

not vested

This “A”-Rated Gold Stock is a Buy

by Louis Navellier

The company was founded in 1921 and has been publicly traded since 1940. It holds assets in North America, South America, Africa and Australia.

It’s also the only gold producer in the S&P 500.

Newmont didn’t cut its dividend at all. In fact, the company recently announced an attention-grabbing 79% increase in its dividend payment.

As reported by Newmont’s board of directors, the company’s next quarterly dividend payment will be 25 cents per share, compared to 14 cents per share during the previous quarter.

Source: Investor Place

https://dailytradealert.com/2020/05/05/ ... -is-a-buy/