Newmont Corporation (NEM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this gold and copper miner have returned +4.3% over the past month versus the Zacks S&P 500 composite's +4.3% change. The Zacks Mining - Miscellaneous industry, to which Newmont belongs, has gained 3.9% over this period. Now the key question is: Where could the stock be headed in th ...

Newmont Corporation (NEM) closed the most recent trading day at $41.98, moving +1.82% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.7% for the day. Meanwhile, the Dow experienced a rise of 0.01%, and the technology-dominated Nasdaq saw an increase of 1.1%.The gold and copper miner's stock has dropped by 5.02% in the past month, falling short of the Basic Materials sector's gain of 3.13% and the S&P 500's gain of 4.03%.Investors will be eagerly watching for t ...

Newmont (NEM), a gold, silver and copper mining giant recently added to IBD Leaderboard, also pays a healthy dividend of around 3.32% annualized. Savvy investors can further enhance the return from NEM stock though the use of covered calls.X According to Dow Jones Data, gold futures on Monday climbed 0.9% and made a new high of $2,433.90 an ounce.NEM Stock Today: The Trade SetupA covered call involves buying 100 shares of the underlying stock and simultaneously selling a call option against those shares. Se ...

Loading...Loading...To gain an edge, this is what you need to know today.Metals Break OutPlease click here for an enlarged chart of silver ETF iShares Silver Trust SLV.Note the following: The chart is a monthly chart of silver to give you the long term perspective. The chart shows that silver has broken out on a monthly basis. The chart shows RSI is reaching an overbought level. The historical pattern is that when RSI on a monthly chart reaches an overbought level, often a pullback occurs, followed by a new ...

From a technical perspective, Newmont Corporation (NEM) is looking like an interesting pick, as it just reached a key level of support. NEM's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves t ...

Newmont Corporation (NEM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this gold and copper miner have returned +10.5% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Mining - Miscellaneous industry, to which Newmont belongs, has gained 0.8% over this period. Now the key question is: Where could the stock be headed in the near term?Whi ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Newmont Corporation (NEM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Newmont Corporation is one of 240 companies in the Basic Materials group. The Basic Materials group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 d ...

Investors might want to bet on Newmont Corporation (NEM) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this gold and copper miner, should get reflected in its stock price. After all, empirical research shows a strong correla ...

Core Viewpoint - Investors are seeking undervalued asset classes, particularly blue-chip stocks, with expectations of rate cuts leading to increased fund flows into risky assets like commodities and energy [1][2] Group 1: Newmont Corporation (NEM) - Newmont's stock has remained stable despite a 12% increase in gold prices year-to-date, presenting a buying opportunity [3] - The company has a strong balance sheet with a cash buffer of $2.7 billion and operating cash flow of $776 million for Q1 2024, positioning it for potential dividend increases [3] - Newmont ended 2023 with 136 million ounces of gold, providing clear production and cash flow visibility, with a forward price-earnings ratio of 17.4 [4] Group 2: Occidental Petroleum (OXY) - Occidental's stock is currently undervalued despite previous high interest from investors like Warren Buffett, with macroeconomic challenges affecting its performance [6] - The company reported operating cash flow of $5.5 billion for 2023, allowing flexibility for dividends, share repurchases, and capital investments [6] - Occidental ended 2023 with reserves of four billion barrels of oil equivalent and a reserves replacement ratio of 137%, indicating strong production growth potential [7] Group 3: Vale (VALE) - Vale is identified as an undervalued industrial commodity stock, trading at a forward price-earnings ratio of 7 and offering an 8.7% dividend yield [8] - The company reported the highest iron ore production since 2019 in Q1 2024, with year-on-year increases in copper and nickel production, alongside EBITDA and free cash flow of $3.5 billion and $2 billion respectively [8] - Vale has an annual free cash flow potential of $8 billion, supporting its ability to sustain dividends and invest in energy transition metals [9]

J Studios My Thesis Judging by the way the price of gold has been behaving lately, I think the valuation of Newmont Corporation (NYSE:NEM) stock is moving further and further away from its fair value. As one of the largest gold mining companies in the world, I don't think Newmont should be trading at the current discount for too long - a continuation of the recent uptrend is most likely ahead of us. My Reasoning I recently read a new newsletter from the activist gold hedge fund Crescat Capital. It state ...