Newmont Corp $ 62.47 1.29 (2.11%)
NEM News and Headlines - Newmontrp
U.S. stocks were in the green on Tuesday, with consumer confidence for June up to 98.1 this month from a revised 85.9 in May. The Dow Jones Industrial Average gained 0.35% to 25,684, the S&P 500 index rose 0.93% to 3,081 and the Nasdaq Composite Index climbed 1.32% to 10,004.
- Freeport-McMoRan Inc. (FCX) +4.5%
- Conagra Brands Inc. (CAG) +3.4%
- Newmont Corp. (NEM) +3.4%
- Invesco Ltd. (IVZ) +2.7%
- Cooper Companies Inc. (COO) +2.1%
- Boeing Co. (BA) -5.86%
- Coty Inc. (COTY) -5.27%
- HollyFrontier Corp. (HFC) -1.51%
- Alaska Air Group Inc. (ALK) -2.33%
- Under Armour
In light of coronavirus cases resurging domestically and internationally, five metals and mining stocks with high financial strength and profitability that are trading below the Peter Lynch earnings line include Newmont Corp. (NEM), ALROSA-Nyurba PJSC (MIC:ALNU), Boliden AB (OSTO:BOL), Caledonia Mining Corp. PLC (CMCL)(TSX:CAL) and Koza Altin Izletmeleri AS (IST:KOZAL) according to the All-in-One Screener, one of several Premium GuruFocus features.
Dow tumbles as coronavirus cases surge in the U.S. and Europe
On Wednesday, the Dow Jones Industrial Average closed at 25,447.31, down 708.79 points or approximately 2.7% from Tuesday’s close of 26,156.10, as
U.S. stocks were mostly in the red on Monday. The Dow Jones Industrial Average fell 0.12% to 25,849, the S&P 500 index lost 0.01% to 3,097 and the Nasdaq Composite Index was up 0.26% to 9,972.
• The Gap, Inc. (GPS) +7.9%
• Newmont Corporation (NEM) +4.6%
• Nordstrom, Inc. (JWN) +2.9%
• CarMax, Inc. (KMX) 2.3%
• Norwegian Cruise Line Holdings Ltd. (NCLH) -3.9%
• Wynn Resorts, Limited (WYNN) -3.5%
• Host Hotels & Resorts, Inc. (HST) -3.8%
• H&R Block, Inc. (HRB) -3.4%
The main European stock markets traded in the
U.S. stocks were mixed on Tuesday after rallying the past days, with energy, financials and industrials leading declines. The Dow Jones Industrial Average lost 0.80% to 27,353, the S&P 500 index fell 0.65% to 3,211 and the Nasdaq Composite Index was up 0.23% to 9,948.
• Newmont Corporation (NEM) +2.3%
• Abbvie Inc (ABBV) +1.6%
• Clorox Co (CLX) +1.5%
• Eli Lilly and Co (LLY) +1.3%
• ServiceNow Inc (NOW) +0.9%
• Johnson & Johnson (JNJ) +0.6%
• Coty Inc (COTY) -11%
• Concho Resources Inc (CXO) -9%
• Simon Property Group Inc (SPG)
The tables below show our funds’ performance in the first quarter of 2020.The individual return of each investor depends on the net asset value at which the subscription was made:
From a longer-term perspective, the tables below show the total returns obtained by our funds since their launch at the end of 2015, compared with their benchmarks:
During this first quarter of 2020 we have seen stock markets crash. From February 19 to March 23, the S&P 500 index plunged 34%, closing at 2.191 points, its worst level since November
Newmont Corporation (7.2%) (NEM) (NEM – $45.28 – NYSE) based in Denver, Colorado, is the largest gold mining companies in the world. Founded in 1921 and publicly traded since 1925, NEM is the only gold company included in the S&P 500 Index and Fortune 500. Newmont consummated a $10 billion stock for stock merger with Goldcorp in April of 2019 in which it acquired eight high quality gold mines in the America. We expect Newmont to produce approximately 6.5 million ounces of gold in 2020 at all-in sustaining costs of $850 per ounce. Post its acquisition of Goldcorp, Newmont
Newmont Corp. (NEM), the largest U.S.-based gold mining stock, has doubled in the past year.
Too late to buy? I don’t think so. I believe there are more gains to come.
Despite the bear market brought on by the coronavirus, close to 4% of all U.S. stocks with a current market value of $500 million or more have doubled in the past year.
Many of them lack a history of profitability. Many others labor under a heavy debt load. And still others sell for extravagant prices. But Newmont, to my way of thinking, has none of these flaws.
Gold price outlook
In the first quarter of 2020, central banks around the world purchased gold in bulk to help stabilize assets as they unroll massive monetary stimulus packages to mitigate the economic effects of Covid-19. According to the “Gold Demand Trends Q1 2020” report from the World Gold Council, which was published on April 30, worldwide central banks added 145 tons of gold to total holdings in the first quarter of 2020, up 34.4% from the 107.9 tons added in the prior quarter.
This trend has contributed to the rise in the price of gold. The
U.S. stocks were in the red on Friday on the back of corporate earnings. The Dow Jones Industrial Average fell 2.55% to 23,723, the S&P 500 Index declined 2.81% to 2,830 and the Nasdaq Composite Index tumbled 3.2% to 8,604.
Non-index stocks have also posted gains and losses recently. Shares of United Airlines Holdings Inc. (UAL) fell more than 10% on Friday after the company announced first-quarter results on Thursday. It posted a
The gold price helped support the stock price of Newmont Corporation (NEM), a Colorado-based miner with, in our view, high-quality assets located in favorable mining jurisdictions in North America, South America, Australia and Africa. With what we consider an impressive portfolio of assets, strong manage-ment team, solid balance sheet and history of generating free cash flow, Newmont appears well positioned to withstand the economic disruptions related to the coronavirus pandemic.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]First Eagle Investment[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=First+Eagle+Investment]Portfolio[/url])'s Global Value Team first-quarter 2020 shareholder commentary.
Investors initially downplayed news of the novel coronavirus outbreak (Covid-19) in China, and equity indexes continued to press higher for the first weeks of 2020 as they did for much of 2019, led by growth-oriented stocks in general and the popular “new economy” names in particular. Sentiment shifted violently midway through the first quarter, however, as it became evident that the virus initially written off as a regional concern repre-sented an emerging global health crisis, one that ultimately would bring an end to the longest bull market in US history and more than likely propel the global economy
According to GuruFocus, these stocks have reached their 52-week highs.
Kimberly-Clark reached the 52-week high of $146.46
Kimberly-Clark Corp. (KMB) is a leading manufacturer of personal care (around half of sales) and tissue products (roughly one-third of sales). Its brand mix includes Huggies, Pull-Ups, Kotex, Depend, Kleenex and Cottonelle. The company also operates K-C Professional, which partners with businesses to provide safe and sanitary products for the workplace.
The price of Kimberly-Clark shares has reached $146.46, which is 1.9% off the 52-week high of $149.23. The company has a market cap of $50.06 billion;
Newmont Goldcorp (NEM) (4.8%) mines gold, copper, and silver, with a global presence that covers North and South America, Africa, and Australia. The company declared commercial production for three projects, and its board approved moving its Tanami Expansion 2 project into the execution phase.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Mario Gabelli[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Mario+Gabelli]Portfolio[/url])'s Gabelli Value 25 Fund 2019 annual shareholder letter.
To Our Shareholders,
Enclosed are the financial statements, including the schedule of investments, as of December 31, 2019.For the year ended December 31, 2019, the net asset value (NAV) per Class A Share of The Gabelli Value 25 Fund Inc. increased 17.8% compared with increases of 31.5% and 25.3% for the Standard & Poor’s (S&P) 500 Index and the Dow Jones Industrial Average, respectively. Other classes of shares are available. See page 4 for performance information for all classes of shares.
Performance Discussion (Unaudited)
The investment objective of the Fund is to provide long term capital appreciation. The Fund’s investment
Economic outlook as a catalyst to the gold price
The new coronavirus outbreak has undeniably pushed the price of gold higher this week, helping the precious metal break through the $1,600 per ounce price level.
This catalyst is, however, a short-term one. In the long term, the gold price will likely continue to be driven higher by U.S. economic growth slowdown as the government and companies alike begin to run out of ways to inject capital into businesses.
Many of you may argue that the U.S. economy is healthy simply because the stock market makes new record highs on almost
The price of gold is up over the last 12 months, gaining about 17-19% during the observed period to close at $1,563.70 per ounce on the London bullion market and at $1,567.40 per ounce on the Comex gold futures market on Wednesday, Feb. 12.
Gold will likely keep on benefitting from macroeconomic and geopolitical uncertainties across key economies, as it is used as a safe-haven asset to park wealth while waiting for more stable times.
Thus, the outlook for gold is positive for 2020 as well, with the price per ounce forecasted to grow by over 5% from
On Tuesday, gold closed at $1,558.35 per troy ounce on the London bullion market and at $1,556.65 per troy ounce on the Comex gold futures market, both up approximately 2% so far this year.
Gold is projected to stay supportive throughout 2020, as there are several catalysts that are expected to work in its favor.
One is the low-yielding environment, because gold attracts investors who are looking for an alternative when bonds and other fixed-income securities perform poorly. Monetary authorities worldwide have been keeping interest rates low in order to stimulate economic expansion, so fixed-income securities don't offer
Newmont (NEM), which is headquartered in Colorado, released encouraging outlooks for both 2020 and the longer term during the fourth quarter. In addition, Newmont announced three asset sales and a meaningful $1 billion share-buyback program to be completed over the next 12 months. The market viewed these news items positively. It’s worth noting that in early 2020, the company announced that it was dropping “Goldcorp” from its name and significantly increasing its quarterly dividend.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]First Eagle Investment[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=First+Eagle+Investment]Portfolio[/url])'s First Eagle Gold Fund fourth-quarter 2019 commentary.
Range bound for much of the fourth quarter, the price of gold rose marginally higher in a late -December rally. Though the gold price finished 2019 below its September 4 peak of $1,552/ oz.,1 the near +18% increase during the year represented the largest annual gain since 2010,2 as geopolitical and macro-economic uncertainty continued to drive demand for certain perceived “safe havens” like gold even as risk assets climbed sharply higher.
Evidence of geopolitical influence on the gold price was ample in the fourth quarter. Weakness in the price of gold emerged in October as the rudiments of
If you want to enhance your chances to achieve impressive returns over time, looking for reasonably priced stocks of companies that have strong balance sheets and are expected to grow their earnings significantly is a good start.
To find such companies, I looked for stocks trading below or nearby the Peter Lynch earnings line with capital that is structured in a way that allows the efficient and effective employment of financial resources (as measured by return on invested capital (aka ROIC) that exceeds the weighted average cost of capital (aka WACC)).
A good business must also accomplish targets of higher