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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 > Three years trend
View:
Post by ecolo101 on Apr 16, 2024 9:48am

Three years trend

The past never indicates future trend ahead . We are in a little gold mania currently and NEM has no traction to go toward three year ago $60 ish level. 

As discussed on this board by others the $40 ish level seems very difficult to cross. We are probably in the non disclosure two weeks ahead of Q1...

there is no indication that the results will be better than analyst's predictions. We can see this on the SP going lower although gold price is up.

let's hope management will be presenting a better overall view on accomplishments versus what next quarter will bring with higher gold price.

We need some positive actions.

dyodd
glta

Comment by HoneyBadger77 on Apr 16, 2024 10:35am
Well ecolo101, CIBC just raised their PT on NEM from $37.50 to $44.00 US and they are generally pretty conservative with their PTs so I'd say that's a positive. Morningstar just changed their rating on NGT from a Buy to a Hold with a $66 CAD PT so still a long ways from today's share price. The recent drop in gold shares price is not unique to Newmont and all or at least most gold ...more  
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