Summary
- Newmont endured a tough year throughout 2022 as gold prices suffered as central banks rapidly tightened monetary policy.
- Despite this setback, they still produced free cash flow, as they have done every year since at least the beginning of 2019.
- When looking ahead into 2023, the prospects of a recession or weak economic conditions are a top concern for investors.
- Although, this should see monetary policy ease and thus help make a strong year for gold prices and thus provide a way to hedge this risk.
- Since they sport a rock-solid financial position, their shares make for great insurance for the everyday investor, and thus, I believe that a buy rating is appropriate.
For further details see:
Newmont: Great Insurance For The Everyday Investor