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Stock impact report

Newmont: Upside Intact, But Gold Whiplash Could Punish Buyers [Seeking Alpha]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
Company Research Source: Seeking Alpha
NEM's balance sheet is net cash positive, supporting disciplined capital allocation and potential for strategic acquisitions, though a major deal could require significant debt. Despite recent production volatility and resistance near $100, NEM trades at a 6.8x forward EBITDA multiple, below its 10-year average, suggesting fundamental support for the rally. An unchanged Hold rating on NEM is maintained. While the bullish momentum persists, the risk/reward is not compelling enough for an upgrade given the potential gold price and operational risks. baranozdemir/iStock via Getty Images Newmont: Gold Bulls Buying The Dips It seems like nothing could really send gold bugs sprawling for cover. It doesn't matter whether we are talking about the leading gold mining companies ( GDX GDXJ ) or gold itself ( More on my IG service A Growth Investing Service To Help You Outperform I'm a firm believer in growth and tech plays as a core component of our portfolio. Our service has Show less Read more
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