|Bid||54.10 x 30000|
|Ask||55.00 x 29200|
|Day's Range||53.35 - 54.69|
|52 Week Range||29.16 - 64.86|
|Beta (5Y Monthly)||0.34|
|PE Ratio (TTM)||12.38|
|Forward Dividend & Yield||0.89 (1.64%)|
|Ex-Dividend Date||Jun 03, 2020|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Novartis, Equinix, Newmont, Enterprise Products Partners and Franco-Nevada
Top Analyst Reports for Novartis, Equinix & Newmont
Newmont Announces Second Quarter 2020 Earnings Call
The rising price of gold was only one of several factors pushing shares of this mining company higher.
Focus on key growth projects, disciplined capital allocation strategy and higher gold prices are driving Newmont's (NEM) shares.
Newmont Corporation (NEM) closed the most recent trading day at $61.36, moving -0.62% from the previous trading session.
Gold has long been regarded as a safe haven in times of market turmoil. Many investors have gained exposure to the precious metal by buying stocks of companies engaged in exploration and mining. Some of the major players in the gold industry include mining companies Franco Nevada Corp.
Big gold stocks (ABX) and (NEM)Corp. have been on a tear in 2020, racking up gains approaching 40%. Citigroup raised its price targets on both stocks, but argues that only one is a Buy. Analyst Alexander Hacking boosted his target on Barrick Gold (ticker: GOLD) to $27, from $19, and his target on Newmont (NEM) to $74 from $70.
Scotts Miracle-Gro's (SMG) 1868 Ventures will focus on early and growth stage companies that have demonstrated traction in the market and are generating revenues.
Through the addition of the Imron Industrial Wood product line, Axalta (AXTA) officially expands into the polyurethane wood coatings market.
Per Celanese (CE), the latest deal will provide its Nanjing facility with a reliable supply of carbon monoxide for its 1,200-kiloton acetic acid plant.
The materials sector includes companies engaged in the discovery, development, and processing of raw materials, which are used across many sectors and industries. Materials stocks include manufacturers of products as varied as plastic, fertilizer, paper, concrete, and metals. Materials stocks, as represented by the Materials Select Sector SPDR ETF (XLB), have underperformed the broader market, providing investors with a total return of -1.3% compared to the S&P 500's total return of 7.1% over the past 12 months. These market performance numbers and the statistics in the tables below are as of June 22.
Gold, the commodity, looks set for a multiyear closing high on Monday. J.P. Morgan’s Dominic O’Kane says global central bank liquidity injections, and a weaker U.S. dollar are two reasons to be bullish.
For his second "Executive Decision" segment of Mad Money Monday evening, Jim Cramer spoke with Tom Palmer, president and CEO of Newmont Corp. , the gold miner with shares up 30.8% for the year. Palmer said as a fourth-generation miner, he knows the value of being a low-cost provider, and that's why Newmont operates as if gold is just $1,200 an ounce. When asked about the effects of Covid--19, Palmer explained that Newmont put five mines into care-and-maintenance mode during the quarter, but is now working to return those mines to regular operations.