CA - Newmont: Why I Disagree With The Crowd
2024-04-18 16:59:14 ET
Summary
- Newmont is highly rated by both Seeking Alpha writers and Wall Street analysts given ongoing gold price rallies.
- However, gold miners' profits do not respond to gold prices linearly.
- In addition, NEM is facing some additional headwinds such as cost issues and increased leverage.
Investors love NEM
Newmont Corporation ( NEM ) is now loved both by Main Street and Wall Street. As an example, the chart below summarizes the current sentiment on Newmont Corporation stock from Seeking Alpha writers and Wall Street analysts. As seen, Seeking Alpha writers have a Strong Buy rating on the stock. Four out of the eight analysts who rated the stock in the last 90 days gave it a strong buy rating, and the other four gave it a buy rating. Wall Street analysts’ ratings show a bit more variance, but the overall score is still a pretty strong 3.75....
Newmont: Why I Disagree With The Crowd