Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Record Q2 free cash flow ($1.7B), 17% 21-day price gain, and strong gold sector tailwinds support near-term upside. Trading ~8% above 21-day moving average with technical confirmation though valuation elevated; suitable for tactical entry with risk management.
Loading chart data...
AI Analyst Overview
Loading chart data...
Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠Robust Cash Flow ⢠Improving Liquidity ⢠Lower Leverage NEM shows strong profitability, cash flow, liquidity, and deleveraging, though capital intensity and heavy shareholder returns warrant monitoring.
Price Behavior
Key Price Behavior Insights: ⢠Negative short-term trend ⢠Support holding ⢠Resistance overhead Support Level: $121.76â$123.07 Resistance Level: $124.39; $126.81â$128.71 NEM remains bearish over the last month but is holding $121.76â$123.07 support; a break below it risks further downside, while reclaiming $124.39 and then $126.81â$128.71 would signal stabilization.
Sentiment & News
Key News Insights: ⢠Record Cash Flow ⢠Cost Pressures ⢠UBS Upgrade Newmont's strong cash flow, earnings and shareholder returns are offset by lower-output and higher-cost concerns, though UBS's bullish target supports a constructive outlook.
AI Summary
Newmont is now a financially resilient cash-return story rather than a balance-sheet turnaround, but its record free cash flow and valuation depend heavily on exceptionally high gold prices amid falling production and rising costs; investors should favor NEM only if they can tolerate a meaningful reset should gold normalize toward $3,300/oz.
Description
Newmont is a gold producer that also conducts exploration for other metals such as copper, silver, zinc and lead, operating assets across the Americas, Australia and Ghana. As of December 31, 2021, the company reported proven and probable gold reserves of 92.8 million ounces and held about 62,800 square kilometers of land. Founded in 1916, Newmont is headquartered in Denver, Colorado.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Sep 22 | Sep 29 | NEM | Newmont Corporation | Record Q2 free cash flow ($1.7B), 17% 21-day price gain, and strong gold sector tailwinds support near-term upside. Trading ~8% above 21-day moving average with technical confirmation though valuation elevated; suitable for tactical entry with risk management. | Closed | +1.0% |