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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

Post by ecolo101on Mar 11, 2024 1:36pm
160 Views
Post# 35926767

$50 USD is a target

$50 USD is a targetJust look at the 3 year stock price trend and a coming back is definitely in the book. Why? Gold is actually on a positive trend, all other material produced will also contribute.
the bad press around Newcrest will slowly erode if they materialize the synergies.
on top selling a few assets at good price will help cut back on the debt.

The shares buyback program will also help to support a higher stock price.

on top they have maintained a small dividend at 2.8% which support bagholders .

glta 
we are on the right track for now, better buying low and sell high later

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