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When I last wrote about it in April, Newmont Corporation (NYSE:NEM), the biggest listed gold miner by market capitalisation after Agnico Eagle Mines (AEM), showed much promise. But it hasn't lived up to the potential, at least in
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Newmont: Even Conservative Earnings Estimates Indicate Upside
Summary
- Newmont's price might not have gone anywhere in the past couple of months, but there's a good reason it can, even after the stock's robust YTD gains.
- Gold price, for one, is firmly on the upward trajectory after a small wobble following hopes of improved economic prospects because of US-China talks.
- The company's Q1 2025 earnings also surprised significantly to the upside, leaving room for more of the same trend for the rest of 2025.
- Even with unchanged full year estimates, though, the stock continues to look attractive from a market valuation perspective.
Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth Giants, takes the theme a step further from LTT with a deeper dive into opportunities presented by the segment.
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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