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: ⢠High Profitability ⢠Strong Liquidity ⢠Low Leverage Newmont's strong margins, cash generation, liquidity, and low leverage support an attractive valuation, though elevated capex, tax liabilities, and modest shareholder yield warrant monitoring.
Price Behavior
Key Price Behavior Insights: ⢠Bullish monthly trend ⢠Cooling momentum ⢠Key breakout zone Support Level: $122.63â$125.16 Resistance Level: $130.43â$132.29 NEM remains bullish over the last month but is consolidating below $130.43â$132.29 resistance; holding $122.63â$125.16 support and breaking out could target $135.14.
Sentiment & News
Key News Insights: ⢠Record cash flow ⢠Cost pressures ⢠Institutional support Newmont's record cash flow, strong shareholder returns and institutional backing support the outlook, but lower expected production and higher costs remain key risks.
AI Summary
Newmont is a gold-price-levered cash-flow allocator, not a defensive mature miner: investors should favor it only if management converts today's exceptional liquidity into reserve replacement and high-return projects while containing production declines and AISC inflation. Monitor 5.3Moz production guidance, the $1,680/oz AISC ceiling, and Red Chris capital discipline, as misses would quickly expose elevated dependence on gold prices.
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% |