NEM Stock Recent News

Newmont (NEM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Newmont Corporation's robust price rise in 2024 is in line with the gold price rally. With the outlook for gold remaining positive, it can continue to see an uptick. Additionally, the company benefits as a copper producer as well, with the metal seeing rising prices. With a positive EPS outlook Newmont's market multiples still look good and long-term dividends and share repurchases also go in its favour.

Newmont (NEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) shares rose almost 5% after it said "significant progress" has been made on two of the conditions needed to complete its acquisition from Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM). Two weeks ago the AIM-listed company struck a US$475 million deal to acquire a 70% ownership interest in the Havieron gold-copper project, 100% ownership of the Telfer gold-copper mine, and other related interests in assets in the Paterson region, subject to certain conditions.

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Newmont Corporation (NEM) closed at $54.48 in the latest trading session, marking a +0.02% move from the prior day.

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Newmont Corporation (NEM) concluded the recent trading session at $53.11, signifying a -0.04% move from its prior day's close.

VANCOUVER, BC / ACCESSWIRE / September 17, 2024 / Metallic Minerals Corp. (TSX.V:MMG)(OTCQB:MMNGF)("Metallic Minerals" or the "Company") announces that Newmont Corporation ("Newmont") has elected to exercise its 'top-up right' to purchase additional common shares in Metallic Minerals in order to maintain its 9.5% interest pursuant to its Investor Rights Agreement (the "IRA") dated May 18, 2023. Under the terms of the IRA, Newmont will purchase an aggregate of 577,776 common shares at a price of $0.36 per share (the "Top-Up Financing") reflecting the Company's July financing and certain other transactions completed over the past six months.

Between soaring geopolitical risks, macroeconomic uncertainties, and impending Fed rate cuts, the markets are in a period of rapidly shifting dynamics. While I do not tend to invest with a single-year outlook, it is still worth taking current macro factors into account. I share two picks that, I believe, will offer very attractive risk-reward in the current environment.