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Newmont Corporation NEM

Alternate Symbol(s):  T.NGT

Newmont Corporation is a gold company and producer of copper, zinc, lead, and silver. Its portfolio of assets, prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations is Ahafo. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America and Caribbean (LATAC) operations include Cerro Negro, Merian, Penasquito, Pueblo Viejo JV and Yanacocha. Its North American projects include Brucejack, Cripple Creek & Victor, Eleonore, Musselwhite, Nevada Gold Mines JV, Porcupine and Red Chris. Its Papua New Guinea projects include Lihir. Its Ahafo mine is in the Ahafo region, approximately 290 kilometers (km) northwest of Accra, the national capital city. The Boddington mine operates within the Saddleback greenstone belt in Western Australia. Boddington is located 16 km from the rural farming town of Boddington and 130 km from Western Australia’s capital city, Perth.


NYSE:NEM - Post by User

Comment by ecolo101on Feb 08, 2024 9:26am
274 Views
Post# 35869525

RE:RE:Back to 2019 SP value ouch it hurts

RE:RE:Back to 2019 SP value ouch it hurts

Not new to this game but when I see a drop from 42 to 33 in just a few weeks it is difficult to accept based on the size of the company and its asset. It is commodity and with that we need to accept a higher volatility but whatever is going on nobody comments on anything. 
$9 drop is equal to 21% loss on paper for someone byuing at entry point of 42......
so analysts seeing it going to the sky are very funny. Marketbeat says target one year $53 ?

of course buying in today at $33 with 4% dividend is more interesting than a year ago.

All bag holders can not be happy with current trend of this stock. I am not moving out as I believe there is better days ahead but time for management to start delivering on the bottom line.
reduce cost improve productivity straight up the balance sheet generate ebitda cut capex to only justified improve purity of produced material cut complaint improve supply chain reduce inventory to only necessary improve your health and safety program deliver on all your execution plan make presentation to the financial analysts stop promoting more new faces but use the one in place to deliver assure us that dividend is safe for the next cycle look for opportunities at low cost etc etc etc
bagholders need constructive action 
glta
 

 

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