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Newmont Corporation (NEM)

NYSE - NYSE Delayed Price. Currency in USD
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60.47-0.07 (-0.12%)
At close: 4:00PM EDT

60.25 -0.22 (-0.36%)
Before hours: 9:21AM EDT

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  • R
    Robert
    pebble has as much gold (if not more) than newmont $NEM DOES IN ALL ITS MINES. What does newmont trade for? Over $60+ a share. Take this into account PLUS all the copper, silver RHENIUM, etc.
    Bullish
  • D
    D
    $TSLA conversation
    Thanks to Tesla, Copper is up 14.5% this year to $3.20 per pound. Largely because of Electric Vehicle demand. It is estimated that by 2027 there will be an additional 24,000 Kilotons of copper used in the production of electric vehicles and the additional grid infrastructure needed to charge them. Total world production of copper from 2010 - 2020 was only 41,000 Kilotons. Where will the copper be found and how high will prices have go to supply all of this new demand? Silver demand will benefit from EV's solar as well with nearly an ounce needed per solar panel and 2 ounces in every EV.

    What companies will benefit as the EV and solar industries move mainstream?

    The obvious copper producers are Codelco, Glencore, BHP Billiton, Freeport, and Southern Copper. But the worlds 7th largest undeveloped copper/silver deposit is Agua Rica which is owned by Yamana Gold and is being developed in an agreement with the worlds second largest copper producer Glencore and the worlds largest gold producer Newmont.

    The best feature of this mine is its environmental footprint has been minimized by building a 35 km tunnel and conveyor system to take the ore to a nearby depleted mine for concentration. Compared to other mines Agua Rica is downright friendly as the concentrate is then removed and processed in industrial areas.

    It is a huge win for Yamana Gold as there are 11.8 billion pounds of copper, 7.4 million ounces of gold, 101 million ounces of silver and 731 million pounds of molybdenum contained in the proven reserves and another 40% more in the measured and inferred categories.

    Tesla is on track to produce 500,000 vehicles this year, GM has sold out the new Hummer, Ford has sold out the new Mustang EV and it is likely that EV's will dominate car and truck sales by 2017.

    Teslas solar projects are going parabolic (no pun intended) and world energy production is shifting rapidly to take advantage of new technology.

    Electrons transported through copper and silver are the key common elements...

    #TSLA #F #GM #FCX #AUY #NIO #GLNCY #NEM #SCCO
  • R
    RC
    Barrick preliminary production for Q3.

    1. Nevada JV (NEM has 38+% interest): Production came in at 538k ounces, up from about 520k ounces in Q2 2020.

    2. Pueblo Viejo (NEM share is 40%): Production of 129k ounces, up about 10-15k from Q2.

    RC.
  • J
    John
    Thus, rising revenue and margins during the current crisis in 2020, when most industries are adversely affected, is a big positive for the mining giant. Additionally, expectations of continued healthy revenue and margin growth in 2021 due to the Nevada JV (with Barrick Gold) and higher production, and with investors' focus shifting to 2021 numbers, we believe Newmont's stock is set to rise further. At the current level, investors have an opportunity to see a potential upside of 25% in the stock to reach close to $80.
    Bullish
  • K
    Ksawery
    Newmont Corporation has recently entered into a joint agreement with a Canadian gold mining company for an exploration of gold project in Columbia. Likewise, some companies may be well placed and could compete with other e-commerce players. Check here for some: Take a second to see the DC on the Landing Page http://psce.pw/MustSeeTech
    Slipping Under The Radar Companies With BreakOut Potential. Daily News See Here
    Slipping Under The Radar Companies With BreakOut Potential. Daily News See Here
    psce.pw
    Bullish
  • J
    Joe
    Bullish
  • j
    josh n
    NEM down 20% and NOTHING has changed. Get used to it.
  • j
    john
    Nice day for NEM. I can see some very soon news of a dividend increase, share buybacks, a stock split with possibly seeing that Buffett bought in. I see us getting to $70 plus as we near earnings news. Looking further, I see us climbing quick when the analysts digest the earnings and increase their expected levels of NEM. Beyond that a contested election, stimulas after will vault us much higher.
  • D
    D
    $BAC conversation
    Bank of America (BAC), Wells Fargo (WFC), Citi (C), and a host of other mortgage companies are looking at roughly two million potential residential loan defaults starting in January. Another million commercial real estate loans are about to go into foreclosure as well. Office space lease rental rates are crashing and landlords are unable to to find tenants with the new "Work from Home" paradigm locks in. Loan loss reserves are high but can they cover losses of this size? The Fed has preemptively bought $3 trillion in questionable paper from the banks and corporations so far during the pandemic. 22% of M2 dollars have been created since March of 2020.

    Real interest rates on savings are negative by roughly 2% as inflation eats away buying power.

    History does not repeat itself, but it sure does rhyme...

    In January the deferral of rent and mortgage payments comes to a halt and with nine months of deferred rent or mortgage payments/penalties due, it's going to be like hitting a wall for many who can not re-finance or make continuing forbearance deals with their banks.

    They said "No one saw it coming" last time the housing market crashed while we had a "Lame Duck" President. Can they say that now? I think not...

    Where's the money to be made? The Volatility index? Gold mining companies? Shorting MBS's? Consumer products like Campbell's Soup (CPB)? Bonds? Munis?

    The old rule was that 90% of portfolio's stay in the market or cash. 10% go into gold or gold mining companies. But right now, that ratio is more like 98/2%.

    Companies like Yamana (AUY), Newmont (NEM), Eldorado (EGO), Kinross (KGC), Barrick (GOLD) have all rallied strongly but remain underheld in portfolios per historic levels. At least many of them pay sustainable dividends.

    I do not have all the answers but there are some burning questions here...

    #BAC #WFC #C #CPB #AUY #KGC #NEM #EGO #GOLD
    Bullish
  • D
    Dan
    The average price target for www.newmont.com is $79,12............. let‘s make that $80................ whatever it takes (Q3-earnings on Thursday, 29th October 2020)
    Newmont Corporation - Home
    www.newmont.com
    Bullish
  • D
    Dan
    www.newmont.com going green again........... spot gold aiming at >$2‘000........ NEM with nice free cash-flow for stock buy-back and other shareholder friendly measures like increase of dividends or one-time-payments............. next earnings on 29th October 2020...........
    Newmont Corporation - Home
    www.newmont.com
    Bullish
  • P
    Philip
    extremely undervalued ! Poor owners of Newmont shares....
  • J
    Julia Yannone
    At this rate, gold would have to trade at $2165 in order for me to break even on this NEM trade. Safe-haven crypto investors are turning their backs on gold. Newmont and Barrick are dinosaurs. How strong can demand for jewelry be when people are struggling to feed themselves. I'm underwater and feeling like I've been conned by Cramer, Schiff, and all the angry fossils blathering on Kitco. Stimulus debt is already factored into the price. Nowhere to go but down IM not so HO.
  • J
    John
    The third-quarter results are scheduled for October 29, 2020. I expect a RECORD revenue of $3.25 billion and a gold production of about 1,450K Au Oz.
    With gold price at $1,922 per ounce in Q3, NEM generates an estimated $800 million in free cash flow.
    Bullish
  • D
    Dan
    Yesterdays purchase at $60 already pays off:-) strong buy www.newmont.com at these prices. I see next leg up coming with Q3-earnings on Thursday, 29th October 2020. Plus us-elections, brexit, covid, stimulus, negative interest rates and and and......... all bodes perfect for gold and big mining companies.........
    Bullish
  • D
    Dan
    www.newmont.com with earnings and conference call next Tuesday.............. buy now and be rewarded..........
  • D
    D
    $AUY conversation
    22% of all dollars in the M2 money supply were created since Covid/Wuhan virus started. Another stimulus package is about to be unleashed, and this number will go well over 30%. This is the most inflationary time in the history of humankind on a global basis as well as in the U.S.

    #AUY #NEM #EGO #KL #BRK-B #GLD $KGL
  • D
    Dan
    NEM with rebound in progress from tripple-bottom (!) at $60.......... next Thursday with decent Q3-earnings and conference-call...........
    Bullish
  • D
    Dan
    Just bought another boatload under $61.............. Thanks for the bargain shorties:-) NEM is heading north for the pre-earnings-run now...........$70 after earnings end on 29th October 2020 says my crystall-ball.........
    Bullish
  • D
    Dan
    www.newmont.com going 63ish in pre-market. No wonder with Q3-earnings and conference-call on 29th October 2020. Plus several catalysts for higher gold prices like us-elections, covid-19, brexit, recession, unemployment and huge state deficits. Go NEM go! Dividend-increase and stock repurchase program with nice free cash flow at these average gold prices.........
    Newmont Corporation - Home
    www.newmont.com
    Bullish