AlexSava
Introduction
After the strong AI-driven bull run in growth stocks which lasted for almost two years, I seek for stocks to increase exposure to safer assets. The world's largest gold miner, Newmont Corporation (NYSE:NEM), looks like
Newmont: A Safe Bet For My Growth-Heavy Portfolio
Summary
- Newmont Corporation is a 'Strong Buy' due to its dominant position in gold mining and solid copper exposure, with favorable price forecasts for both metals.
- The company benefits from operational efficiency, prudent capital allocation, and a strategic portfolio, including the transformative acquisition of Newcrest Mining.
- Newmont's valuation is attractive, with a forecasted P/E ratio decline and a DCF model suggesting a fair share price of $43.25, indicating 13% upside potential.
Coming from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my investment decisions. My hands-on experience shaped deep understanding of risk, reward and the delicate balance between these two variables. Driven by a desire to share my insights and contribute to the investor community, I embark on this new chapter with Seeking Alpha. My articles will be crafted with clarity and precision, devoid of jargon and fostering accessibility for investors of all experience levels. My background in IT grants me a valuable perspective, particularly when navigating the complexities of technology stocks. Yet, my pursuit of knowledge extends beyond the realm of silicon, encompassing diverse sectors and uncovering promising prospects across the economic landscape. Whether you are a seasoned investor seeking fresh perspectives or a nascent one embarking on your financial voyage, I extend a warm invitation to join me on this intellectual journey. Through collaborative exploration and insightful analysis, let us unlock the secrets of the market and chart a path towards shared financial success.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in NEM, over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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