NEM News and Headlines - Newmont Corp

GuruFocus Articles Total 325
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Stocks to consider on pre-Labor Day tech slip

Ahead of a pre-Labor Day weekend slump, four gold stocks broadly owned by gurus as of the second-quarter filing are Barrick Gold Corp. (GOLD), Newmont Corp. (NEM), Alamos Gold Inc. (AGI) and Royal Gold Inc. (RGLD) according to the Aggregated Portfolio of Gurus, a Premium feature of GuruFocus.

Stock market tumbles from highs on tech selloff

On Friday, the Dow Jones Industrial Average closed at 28,133.31, down 159.42 points from Thursday's close of 28,292.73 and 967.19 points from Wednesday's close of 29,100.50. Big Tech companies like Facebook Inc. (FB), Alphabet Inc. (GOOGL)(GOOG) and Microsoft Corp. (MSFT) sank

1209 Views    James Li    2020-09-04 21:20
Guru stock highlight

Newmont Corporation (NEM) (8.4%) (NEM – $61.74 – NYSE) based in Denver, Colorado, is the largest gold mining company 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 Americas. We expect Newmont to produce approximately 6.5 million ounces of gold in 2020 at all-in sustaining costs of $950 per ounce. Post its acquisition of Goldcorp, Newmont

59 Views    Sydnee Gatewood    2020-08-20 21:01
Guru stock highlight

Newmont Corporation (NEM) (1.7%) (NEM – $61.74 – NYSE) based in Denver, Colorado, is the largest gold mining company 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 Americas. We expect Newmont to produce approximately 6.5 million ounces of gold in 2020 at all-in sustaining costs of $950 per ounce. Post its acquisition of Goldcorp, Newmont

12 Views    Sydnee Gatewood    2020-08-20 20:16
They are predicted to keep on outperforming the industry

Gold price outlook

The contraction of -32.9% in the U.S. gross domestic product for the second quarter has added to the onus on the government and the Federal Reserve to continue with fiscal and monetary policies to sustain the U.S. economy and make borrowing cheaper.

The injection of massive amounts of liquidity into the economic system via debt and currency creation enhances inflationary concerns, which is likely to hurt the U.S. dollar's purchasing power.

A lower U.S. dollar will benefit the price of gold, as this classic safe-haven asset is a go-to protection against volatility and declining economic conditions. Thus,

232 Views    Alberto Abaterusso    2020-08-03 16:32
Guru stock highlight

Given what we view as a high-quality management team and robust balance sheet, Colorado’s Newmont (NEM) is a prime example of a miner that was prepared to meet the challenges of Covid-19. With rigorous protocols already in place, the company has been proactive in managing its mines to protect local communi-ties and infrastructure while at the same time mitigating the pandemic’s impact on its business. In contrast with broad market trends that have companies cutting or suspending dividend payments, Newmont recently increased its quarterly dividend by 79%.

From First Eagle Investment (Trades, Portfolio)'s Global Value

10 Views    Sydnee Gatewood    2020-07-28 19:30
Guru stock highlight

Given what we view as a high-quality management team and robust balance sheet, Colorado’s Newmont (NEM) is a prime example of a miner that was prepared to meet the challenges of Covid-19. With rigorous protocols already in place, the company has been proactive in managing its mines to protect local communities and infrastructure while at the same time mitigating the pandemic’s impact on its business. In contrast with broad market trends that have companies cutting or suspending dividend payments, Newmont recently increased its quarterly dividend by 79%.

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 Gold Fund second-quarter 2020

24 Views    Sydnee Gatewood    2020-07-28 19:13
Discussion of markets and holdings

Market Overview

The old adage “don’t fight the Fed” has surely been proven right over many short periods of time—second quarter 2020 among them. The powerful equity market rebound that began in late March extended through the second quarter, even as the Covid-19 pandemic continued to ravage the globe. Driven by a massive influx of liquidity from the Fed and other global policymakers, investors piled into risk assets, especially shares of new-economy companies that largely appear to represent specula-tive plays on their uncertain future potential.

We think the key issue investors need to consider is where we stand in the

57 Views    Sydnee Gatewood    2020-07-28 18:52
Discussion of markets and holdings

Market Overview

The price of gold rose 12.9% in the second quarter of 2020, as global monetary and fiscal stimulus measures intended to counteract the effects of the Covid-19 pandemic continued to weigh on real interest rates; historically, low real rates have been favorable for the price of gold. Policymakers moved quickly and aggressively to reduce the economic impact of the virus; even in early June, when data suggested that the economic recovery was proceeding more rapidly than expected, they appeared more inclined to enlarge stimulus packages than to reduce them. Later in June, a resurgence in the virus in

48 Views    Sydnee Gatewood    2020-07-28 18:05
Micron gains on earnings beat

U.S. Markets

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.

Gainers

  • 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%

Losers

  • Boeing Co. (BA)​ -5.86%
  • Coty Inc. (COTY)​ -5.27%
  • HollyFrontier Corp. (HFC) -1.51%
  • Alaska Air Group Inc. (ALK) -2.33%
  • Under Armour
67 Views    Omar Venerio    2020-06-30 15:56
Stocks to consider on rekindling coronavirus fears around the globe

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

500 Views    James Li    2020-06-24 21:32
Markets down, Ennis reports quarterly results

US markets

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.

Gainers

• The Gap, Inc. (GPS) +7.9%

• Newmont Corporation (NEM) +4.6%

• Nordstrom, Inc. (JWN) +2.9%

• CarMax, Inc. (KMX) 2.3%

Losers

• 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%

Global markets

The main European stock markets traded in the

62 Views    Omar Venerio    2020-06-22 14:55
Nasdaq jumps to record high, Tiffany up on earnings report

US markets

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.

Gainers

• 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%

Losers

• Coty Inc (COTY) -11%

• Concho Resources Inc (CXO) -9%

• Simon Property Group Inc (SPG)

82 Views    Omar Venerio    2020-06-09 16:57
Discussion of markets and holdings

Dear investor,

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

71 Views    Sydnee Gatewood    2020-06-01 19:36
Guru stock highlight

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

93 Views    Sydnee Gatewood    2020-05-29 20:31
I believe there are more gains to come

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.

Cheapened currencies

289 Views    John Dorfman    2020-05-26 14:34
Barrick Gold Corp, Newmont Corp and Kinross Gold Corp are well positioned to improve margins

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

159 Views    Alberto Abaterusso    2020-05-12 17:01
United Airlines falls despite earnings beat

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

72 Views    Omar Venerio    2020-05-01 21:16
Guru stock highlight

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.

31 Views    Sydnee Gatewood    2020-04-29 20:07
Discussion of markets and holdings

Market Overview

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

61 Views    Sydnee Gatewood    2020-04-29 19:50
Kimberly-Clark among stocks that have achieved annual milestone

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;

74 Views    yifan900    2020-03-10 19:09

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