NEM - Newmont Corporation
Chart Events
Williams %R
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 63.48 |
| Open | 64.34 |
| Bid | 62.80 x 900 |
| Ask | 62.95 x 800 |
| Day's Range | 62.78 - 64.98 |
| 52 Week Range | 31.10 - 69.13 |
| Volume | 4,512,970 |
| Avg. Volume | 9,897,478 |
| Market Cap | 50.603B |
| Beta (5Y Monthly) | 0.40 |
| PE Ratio (TTM) | 14.31 |
| EPS (TTM) | 4.41 |
| Earnings Date | Jul 23, 2020 - Jul 27, 2020 |
| Forward Dividend & Yield | 1.00 (1.58%) |
| Ex-Dividend Date | Jun 03, 2020 |
| 1y Target Est | 65.17 |
Fair Value
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3 Top Trades As We Head Into the Last Week of May
Each week I try to identify a key theme that defined the movement in stock prices over the past 5 days. But unlike many investors, my searching isn't based on news, it's based on price.The charts tell the tale, if investors are keen to listen. This week's exercise revealed clear rotation going on beneath the market's surface, and directed me to these top trades for your consideration.The first part of the shift was money flowing out of leaders and into laggards. Large-caps have long been leading the market recovery, while small-caps have lagged.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut not this week! The switcheroo saw little guys pick up the torch and lead their bigger brethren to victory. As of Thursday's close, the S&P 500 was only up 3% but the iShares Russell 2000 ETF (NYSEARCA:IWM), which represents small-caps, was up 7.3%.The second shift is partially related to the first. Stocks benefiting from the novel coronavirus saw profit-taking while economically sensitive equities (like small-caps) surged. That's a welcome development that points to risk appetite continuing its return. * 7 Excellent Penny Stocks Ready to Roar Here's the silver lining. If you've been waiting for a dip before buying companies outperforming during the Covid-19 crisis, then here's your chance. These three stocks have attractive setups that make them top trades for the week: * Netflix (NASDAQ:NFLX) * Citrix Systems (NASDAQ:CTXS) * Newmont Mining(NYSE:NEM)Let's take a closer look at their respective pullbacks and build trades to profit. 3 Top Trades for the Week Ahead: Netflix (NFLX)Source: The thinkorswim® platform from TD Ameritrade Netflix is the type of no-brainer stock that should leave investors who didn't buy during the March crash kicking themselves. NFLX was bound to do well during a time when content-hungry consumers were ordered to stay home.Netflix was one of the first stocks to recover and has since gone on to record highs. This week's rotation saw profit-taking strike the streaming king even as the rest of the market rallied.The pullback tested the rising 20-day moving average and held on Thursday. But even if the stock dips further, I think you have to view the weakness as a golden opportunity to get in on one of the top trades in the market at lower prices. Since it's always wise to have a plan in case you're wrong, I suggest watching $400 or the 50-day moving average as your line in the sand. If we push below that, then I'd change my bullish tune.Its higher price tag makes NFLX stock a great candidate for bull put spreads. We can create a wide profit zone in case the retreat continues before buyers emerge.The Trade: Sell the June $395/$300 bull put spread for around 90 cents. Citrix Systems (CTXS)Source: The thinkorswim® platform from TD Ameritrade Citrix Systems has been among those tech stocks seriously benefiting from the work from home trend. Its share price was up 40% year-to-date before the recent drop.This week's selling did inflict damage to the overall trend by jamming shares below the 50-day moving average. It's the deepest retreat we've seen in CTXS since March, so I suspect some would-be buyers are hesitant.The reason I don't mind putting money to work here is twofold. First, we can wait for the stock to return above the 50-day before pulling the trigger. That will invalidate the breakdown and return CTXS stock to a healthy status.Second, the underlying themes driving CTXS haven't changed this week. And that makes me believe this is a simple correction, rather than the beginning of a trend-ending sell-off. We can deploy a strategy that gives the stock some room to flounder and still profit. * 7 Excellent Penny Stocks Ready to Roar The Trade: Sell the June $125/$120 bull put spread for 70 cents. CTXS options aren't that liquid, so you must use limit orders. Newmont Mining (NEM)Source: The thinkorswim® platform from TD Ameritrade Gold and gold stocks have been on fire this year. Economic upheaval and the printing of trillions of dollars is breathing new life into the bullish thesis for owning precious metal related products. And the Vaneck Vectors Gold Miners ETF (NYSEARCA:GDX) has more than doubled from March lows.As one of the largest players in the space, Newmont Mining has been riding the rising tide. It even came within a whisper of all-time highs, which is incredible given that the sector fund (GDX) is still 50% off its peak.NEM stock's leadership makes it a top trade pick if you're looking for exposure to the yellow metal. Buying an outperforming stock in an outperforming sector means you're betting on the strongest possible candidate.This week's rotation saw profit-taking strike and is creating a classic buy-the-dip opportunity. Every pullback this year has been a great chance to buy, and I see no reason why we should view this one differently. If you want to increase your odds of success, I like selling naked puts. You're essentially getting paid for your willingness to acquire the stock.The Trade: Sell the June $60 put for around $1.45.For a free trial to the best trading community on the planet and Tyler's current home, click here! As of this writing, Tyler didn't hold positions in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 Top Trades As We Head Into the Last Week of May appeared first on InvestorPlace.
- InvestorPlace
Newmont Mining Should Ride Higher With Gold Prices
Newmont Mining (NYSE:NEM) has been on fire, and why shouldn't it? While gold prices have been quiet lately, they won't stay that way forever. The backdrop for the yellow metal is bullish. Therefore, the backdrop for NEM stock is bullish, too.Source: Piotr Swat/Shutterstock But let's not pretend that the company hasn't already seen a big boost. Once the dust settled in March, gold prices rebounded with a vengeance. NEM did as well, as did Barrick Gold (NYSE:GOLD), another company we are bullish on.Although Newmont stock has dipped slightly from the new highs it made earlier this year, shares are still up 100% from the March lows. For 2020, Newmont is up 46%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gold as a HedgeWhen the novel coronavirus sucker punched the global economy, central banks had to act quickly. They needed a coordinated effort to stave off a global depression and buy us some time until we had more resources. Governments, economies, hospitals and people needed more time, ventilators and information, among other things. * 7 Excellent Penny Stocks Ready to Roar This forced the Federal Reserve, European Central Bank, and the rest to fire up the printing presses. They slashed interest rates, made cash appear overnight, stepped into credit markets and kickstarted what Paul Tudor Jones called the "Great Monetary Inflation."Known on the Street as PTJ, the legendary trader expanded on the topic, saying this is "an unprecedented expansion of every form of money unlike anything the developed world has ever seen."As a result, he scoped out gold, Treasuries, and even bitcoin. I personally prefer crypto assets to the yellow metal, but it doesn't hurt to have some exposure to the latter in one's portfolio. Tudor Jones even said bitcoin reminds him of gold in the 1970s.One of his reasons for betting on bitcoin is that it's the "fastest horse" in the group -- and we know that to be true with its volatility. But the point is still the same: global central banks will drive up the prices of others assets, gold included. NEM Stock as a BuyNewmont Mining reported earnings earlier this month. Despite coming into the print at its year-to-date high, NEM stock barely flinched despite missing on earnings and revenue expectations.However, the misses were minimal and growth expectations remain strong. Earnings of 40 cents per share missed by 2 cents, while revenue of $2.58 billion exploded higher by 43.3%, although missed estimates by $80 million.For the year, analysts expect Newmont to earn $2.29 per share. In that scenario, that's up more than 73% year-over-year. Those estimates are also up over the last seven, 30 and 90 days, where they stood at $2.25 per share, $2.11 per share, and $1.92 per share, respectively. Click to EnlargeA company with growing earnings expectations in 2020? That puts NEM stock in a category with few participants. In 2021, consensus estimates call for another year of robust earnings growth, at 37%. Revenue growth estimates in those two years stand at 13.4% and 7%, respectively.However, there is a hiccup in there. Management expects Q2 (the upcoming quarter) to be its highest cost and lowest production quarter. So there could be a dip over the next few months. If that's the case, investors may be wise to nibble some NEM stock.That's after management maintained its long-term outlook. They also said expenses should improve through 2024, alongside stable production. Risks and AlternativesThere are many reasons to be bullish on gold, and thus bullish on gold stocks. However, that doesn't mean it comes without risk.Gold prices and gold stocks were hit in March, when an unprecedented decline and increase in volatility hit equity markets. This put pressure on precious metals, cryptocurrencies and fixed income, too. Investors were forced to sell assets -- high quality or low -- in order to meet their obligations.So NEM stock, GOLD stock, and gold prices are not immune to this price action should it arise again.Additionally, gold may not trade in the manner that investors expect. While gold seems like a no-brainer here -- with investors needing just one difficult trait called patience -- it's possible that it doesn't behave the way we expect.For those that can't decide between which gold stocks to buy, they can also consider owning the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX). The top holding in this case is NEM stock, followed by Barrick Gold. Between the two, they make up roughly 30% on the fund.At the end of the day, though, NEM stock should continue higher. It's got great growth prospects.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Newmont Mining Should Ride Higher With Gold Prices appeared first on InvestorPlace.
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The Bull Run in the Gold Miners ETF Is Just Getting Started
The SPDR Gold Trust (NYSEARCA:GLD) is on a hot streak so far this year. The related gold mining stocks and funds such as the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) are enjoying even greater gains. The GLD ETF is up 13.5% year-to-date, and 35% over the past 12 months. Meanwhile, the GDX gold mining ETF has posted huge returns. It's up 22% year-to-date, and 75% since last May.Source: Shutterstock Naturally, some traders are thinking about taking profits here. It's been a big move, after all. But don't miss the forest for the trees. Gold traders are used to the bear market that had been running in precious metals since 2012. Thus, their inclination has been to sell every advance.But the trend has changed. Gold is in a new expansion phase, and investors should be strapped in for the ride. In fact, precious metals were already in an uptrend even prior to 2020. And now, the novel coronavirus has greatly accelerated that dynamic.InvestorPlace - Stock Market News, Stock Advice & Trading Tips GDX and Gold Mining Stocks: It's 2008 All Over AgainEven as the financial crisis was already well under way, in 2008, the price of gold soared to an all-time high of $1,000 an ounce. To many investors, that record-high price probably seemed like an ideal opportunity to sell. When other things are plunging, the first instinct might be to sell the asset that has appreciated. But even at $1,000 an ounce, it was as actually a great time to buy. Gold's price nearly doubled over the following three years and rose to $1,900 an ounce in 2011. * 7 Excellent Penny Stocks Ready to Roar Today's gold market feels eerily similar to the 2008 version. The price of gold just hit a seven-year high of $1,747 an ounce and is setting up for what I believe will be a rapid double over the next couple of years.This rally is causing a huge ripple effect in gold mining stocks like GDX. In fact, almost all of my gold stock recommendations have doubled already. But I think they're just getting warmed up. The current economic crisis has created a perfect situation for the gold mining industry. Even in Recession, Gold Miners Can Grow EarningsOne key point to consider is that almost every stock market sector will being delivering negative earnings growth over the next several quarters. One sector that will not be following this downtrend is the gold mining sector. It will be producing strong year-over-year growth - perhaps even the strongest growth of any major sector.To give one example of how this is already playing out, look at mining giant Newmont Mining's (NYSE:NEM) earnings report from earlier this month. Newmont reported that revenues soared 43%, EBITDA surged 63%, and adjusted net income nearly doubled.Gold miners enjoy tremendous margin expansion as the price of gold soars. Newmont proved that out with income surging far more than revenues, and we're seeing similar trends out of other miners this earnings season.The low price of oil offers another huge tailwind for the mining firms. Investors complained that mining stocks didn't capitalize as much on the 2003-2011 gold price boom as they would have expected. However, earnings growth was capped because there was huge commodity price inflation at the same time. Remember that oil shot up to as much as $147 a barrel during that period. Other things you need to build mines, like steel, also surged in price. Thus, while miners could sell gold for far higher prices, they lost much of those gains to inflation.This time around, other commodities are dirt cheap. For example, diesel fuel for mining trucks is near 20-year lows. Steel prices have dropped. There's no labor inflation either; after nearly a decade of low gold and silver prices, there is no shortage of capable geologists willing to work for reasonable wages. Gold Mining Stocks VerdictLong story short, this could be the start a golden age for precious metals miners and GDX. In many ways, this resembles 2008. The ingredients are there to set off a major run in the price of gold. Don't look at $1,700 an ounce as expensive -- it could be just the beginning of a major multiyear move to far higher price levels.Meanwhile, gold miners are ideally positioned heading into this surge. Few have hedged their production heavily, leaving more upside as prices surge. Cost inflation is minimal. And the aggressive monetary stimulus being used to fight the coronavirus recession should provide a sustained flight-to-safety trade along with a demand for inflation hedges.As we get past the virus and start to consider the long-term economic impacts, there will be more concern about inflation. The amount of central bank stimulus put into the economy is unprecedented, and it will boost asset prices. Gold mining stocks should be one of the biggest beneficiaries in coming months and years.P.S. Where Did All the Gold Go? Billionaires like "Bond King" Jeffrey Gundlach… Ray Dalio… Stanley Druckenmiller… and Paul Tudor Jones are bullish on the yellow metal…78-year-old billionaire investor Sam Zell just bought gold for the first time in his life! What do they know that the average person doesn't? What does this mean for the future of the economy?I think you'll be surprised when you see. Click here to see the full story.Eric Fry is an award-winning stock picker with numerous "10-bagger" calls -- in good markets AND bad. Eric does not own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post The Bull Run in the Gold Miners ETF Is Just Getting Started appeared first on InvestorPlace.
- Thomson Reuters StreetEvents
Edited Transcript of NEM earnings conference call or presentation 5-May-20 1:00pm GMT
Q1 2020 Newmont Corporation Earnings Call
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Should You Buy Gold Stocks Now? Well, That Depends
We're in unprecedented times thanks to the novel coronavirus. That goes double for investors, as they try to figure out what stocks and assets are worth owning at this stage of the game. With gold always a fixture, are gold stocks worth owning at this point?Source: Shutterstock That answer really depends on the situation.Overall, I am bullish on gold, but there are doubts. With so many other investors watching the yellow metal and seemingly bullish on it as well, it's a bit concerning. Anytime there is too much focus on one asset or stock is exactly when it seems to disappoint the majority.InvestorPlace - Stock Market News, Stock Advice & Trading Tips It All Starts With GoldBefore we talk about gold stocks, we have to talk about gold. Because you can't be bullish or bearish on the group without having an opinion on the metal first. It's like judging energy producers without having studying oil. The commodity drives the miners' business, so we better have a thesis on the yellow metal. * 20 Stocks to Buy If You're Still Betting on America to Thrive Under the current circumstances, how can we not like gold? First, gold is viewed as a safe haven, along with bonds. But with bonds paying so little in the way of interest -- 10-year Treasury bonds yield just 0.65% -- gold may start to get more attention.Rather than simply speculate on safe-haven plays, there's another reason to like gold. The Federal Reserve, European Central Bank, and global central banks around the world are resorting to stimulus to offset economic setbacks from the coronavirus.When central banks print money, it devalues the currencies' worth. Thus, it makes assets like gold more valuable. It won't happen overnight, but as the Fed and others look to stimulate, it seems like gold will have to be an eventual beneficiary. One of Wall Street's most famed traders agrees too -- well, sort of.Paul Tudor Jones recently warmed up to bitcoin, saying the currency reminds him of gold a few decades ago. He said:It has happened globally with such speed that even a market veteran like myself was left speechless…We are witnessing the Great Monetary Inflation -- an unprecedented expansion of every form of money unlike anything the developed world has ever seen.He considered gold, Treasuries, and certain stocks. In the end he settled on bitcoin, which he referred to as the "fastest horse" in the group. How to Play Gold Stocks Click to EnlargeInvestors have essentially three takeaways with gold.First, they can be bullish on the yellow metal, believing it will act as a safe haven in our current environment and as a store of value as central banks pump out cash. Second, they can bearish, believing that those are not worthy catalysts or that too many eyes are on the metal.Finally, they can be without opinion, opting to pass on a position in gold in favor of assets they understand better.For those that are bullish, they can consider owning physical gold. They can also consider buying the SPDR Gold Trust ETF (NYSEARCA:GLD). Beyond that, they might consider owning gold stocks too.I like both Barrick Gold (NYSE:GOLD) and Newmont Mining (NYSE:NEM). Both stocks have had explosive moves off the lows. While they seem to be losing some momentum, I think it's simply some consolidation after a powerful move. We're seeing similar consolidation (on a less-powerful move) in actual gold prices.Those who don't like single-stock exposure can consider the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX). Incidentally, Newmont Mining and Barrick Gold are the top two holdings in the ETF, with a 15.5% and 14.8% weighting, respectively.Keep in mind, if volatility really picks up, safe-havens may temporarily be out of favor. Bonds, gold and other assets all felt the pressure when stocks were tanking in March. It was likely that investors had to sell others assets (like these) to meet margin calls and raise liquidity.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GLD. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Should You Buy Gold Stocks Now? Well, That Depends appeared first on InvestorPlace.
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Has Newmont (NEM) Outpaced Other Basic Materials Stocks This Year?
Is (NEM) Outperforming Other Basic Materials Stocks This Year?
