Newmont Corporation NEM

NEM New Rating - Strong Buy PT $45.77 USD

[HoneyBadger77]

Are You Ready? - New Morningstar rating this morning.

EQUITY ALERT

as of Monday, 26 February 2024 06:25am ET

 

NEWMONT CORPORATION (NEM:NYQ, US)
31.28  0.00 (0.00%)    Volume: Below Average

 

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Today Morningstar has published a new Analyst Article for NEM.

To access the report, sign in to your RBC Direct Investing account and go to the "Detailed Quote" page under the Quotes and Research tab. Select the "Research" sub-tab and click on "Read Full Report."
To view the PDF report, click on the "Download PDF" link.
 

 

MORNINGSTAR'S TAKE

 

New Morningstar Rating	Strong Buy		Credit Rating	--
Fair Value	45.77 USD		Economic Moat	None
Consider Buy	--		Stewardship Grade	Standard
Consider Sell	--		Morningstar Uncertainty	Medium

[HoneyBadger77]

And for those who might have missed this, Morningstar's new Strong Buy Rating and $45.77 PT on Feb 26th is a lot higher than the $34.00 dollars we're trading at today. If FOMO was as prevalent for gold stocks as is it for tech stocks we'd have already passed this PT....Lol. We NEM / NGT retail investors shall  too have our day in the sun! HB77 

[HoneyBadger77]

For those who think they've missed the Newmont Gold train, it's had a nice little run up since it bottomed in Februrary but is no where close to where it's headed.  Remember this post I posted in February when NEM was still trading at $30 bucks and I said NEM had bottomed 'Technically' and it seemed hard to believe?  Then the Newmont CEO talked about how Newmont was a

[HoneyBadger77]

Sorry folks, here's the link that goes with this.... NYSE:NEM Forum Post | HoneyBadger77-35898889 | NEM New Rating - Strong Buy PT $45.77 USD | Newmont Corporation (stockhouse.com)