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Bullboard - Stock Discussion Forum Newmont Corporation NEM

Alternate Symbol(s):  T.NGT

Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver. The Company’s portfolio of assets and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations include Ahafo and Akyem. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America... see more

NYSE:NEM - Post Discussion

Newmont Corporation > Gold at $2290 this am
View:
Post by ecolo101 on Apr 03, 2024 8:14am

Gold at $2290 this am

Hopefully we get to the. 200 MA number over the next few days and we build from that point...

we have been lagging behind for too long. Leadership on managing their assets has definitely not rally most of the investors. Some of them put them at a C level on a scale of A to E. A for strong buy.

mine efficiency, cost control, capex spending, cash flow generation, etc.

can we expect them to finally show us a strong quarter to let us know that we could believe a higher stock price a year from now?
Last year  2023 April 2nd stock price was at us$ 52 with gold price at $2026.

your call is a good as mine. $36-37 is way out of reality based on a gold price $250 per oz. Higher

dyodd
Comment by HoneyBadger77 on Apr 03, 2024 10:49am
Oh we will get to and blow through the 200 DMA soon.  Nearly every other gold stock is now trading at or well above its 200 DMA but not NEM / NGT....Yet.  Gee I wonder why that is? The hedge funds want to play with this one a bit yet around this level before they push it higher.  Gold up over $2300 and $23 today as I write this and NGT down .10 cents, yeah OK.  The 200 DMA is  ...more