Gold Giant Newmont Says Metal Could Top $2,000 on Virus Stimulus [Yahoo! Finance News]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: Yahoo! Finance News
) --Gold could top $2,000 an ounce and will remain elevated over the next five years as the global economy contends with the impact of the coronavirus pandemic, according to the head of Newmont Corp., the world’s top miner of the precious metal.“The level of stimulus globally that’s going into the economy certainly underpins higher gold prices for the longer term, and I don’t think that stimulus has stopped yet,” Chief Executive Officer Tom Palmer said Thursday in a phone interview from Perth. “You could certainly see scenarios that have it pushing north of $2,000.”Spot bullion is trading around $1,720 -- close to a more than seven-year high -- and is forecast by numerous banks to extend gains as the impact of the virus pushes economies toward recession and prompts action from central banks. Those factors are adding to what was already a strong outlook, with rising demand among middle-class consumers in China and India and signs of supply constraints, Palmer said.Read more: Gold Digs
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News
- Newmont (NYSE:NEM) was downgraded by analysts at BNP Paribas Exane from an "outperform" rating to a "neutral" rating. They now have a $97.00 price target on the stock.MarketBeat
- Newmont (NYSE:NEM) was downgraded by analysts at BNP Paribas from an "outperform" rating to a "neutral" rating.MarketBeat
- Newmont: Strong Buy Backed By $1 Billion In Free Cash Flow, New Global Gold Cycle [Seeking Alpha]Seeking Alpha
- Newmont Corporation (NEM) is a Great Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- RING: A Simple And Effective Way To Capture Gold's Stronger 2026 Outlook [Seeking Alpha]Seeking Alpha
NEM
Earnings
- 10/23/25 - Beat
NEM
Sec Filings
- 12/3/25 - Form 4
- 12/1/25 - Form 144
- 11/5/25 - Form 4
- NEM's page on the SEC website