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Summary Gabelli Funds’ 13F portfolio value decreased from $13.02B to $12.13B this quarter. They increased UnitedHealth while decreasing PNM Resources. The top five positions are NextEra Energy, Microsoft, National Fuel Gas, Genuine Parts Company, and MasterCard, and the...
Summary Given a strong U.S. dollar, the Global X Silver Miners ETF is down 32% over the past year even as the price of silver is down only 12.7%. That being the case, investing in SIL is primarily a bet that the U.S. dollar & diesel price will weaken going forward. Meanwhi...
For the longest time, investors, corporations and countries have used gold as a store of value during times of economic upheaval. While other assets and traditional currencies such as the dollar are known to depreciate when the economy stagnates, gold mostly retains its value even as eco...
Summary Over the past two months we have seen a significant bottoming process take place in the GDX, with yesterday's rally providing confirmation. The main stocks on the index - Newmont Mining and Barrick Gold - have posted bullish reversals following false bearish breaks. At...
Summary Materials stocks, dominated by Chemicals names, have surged in the last two months. There could be near-term selling due to a confluence of technical factors. Still, with a low valuation and sensitivity to rebounding cyclical themes, XLB could be a good place for longe...
Summary Newcrest Mining Limited has been facing immense pressure due to the industry where it operates. The Australian gold miner is good at managing costs and enjoys a relatively stable financial position. The realized gold prices are not good enough. But still, the company m...
Summary The gold price decline will not last forever. Central Banks buy in record amounts. Newmont Mining offers over 5% yield. Newmont is a first responder to rising gold prices. I fared well getting stopped out of most gold producers in June. I also suggested s...
Summary Newmont released its third quarter results this week, reporting quarterly gold production of ~1.49 million ounces, a slight increase from the year-ago period. Unfortunately, while production was up due to higher grades at Ahafo, Akyem and Boddington, costs were also up sha...
Summary Rising and positive real yields continue to be a major headwind for gold over the short term. However, this move in higher real yields is likely only temporary. From a technical, positioning and sentiment standpoint, we appear to be nearing an excellent long-term contraria...
The following slide deck was published by Newmont Corporation in conjunction with their 2022 Q3 earnings call. For further details see: Newmont Corporation 2022 Q3 - Results - Earnings Call Presentation
News, Short Squeeze, Breakout and More Instantly...
Newmont Mining Corporation Company Name:
NEM Stock Symbol:
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Newmont Mining Corporation Website:
2024-07-25 10:00:08 ET Jackie Przybylowski from BMO Capital issued a price target of $57.00 for NEM on 2024-07-25 08:39:00. The adjusted price target was set to $57.00. At the time of the announcement, NEM was trading at $47.7. The overall price target consensus is at $6...
We have seen the Federal Reserve increase rates of interest and hold those rates to deal with inflation over the years. During this period, the price of gold has been strong, with the metal recently reaching a new level of more than $2,400 in May. While the yellow metal’s price has dro...
2024-07-10 11:00:22 ET Anita Soni from CIBC issued a price target of $61.00 for NEM on 2024-07-10 09:46:00. The adjusted price target was set to $61.00. At the time of the announcement, NEM was trading at $45.355. The overall price target consensus is at $66.46 with high...