Newmont: Gold's Volatility Creates A Long-Term Opportunity
Newmont Corporation is maintaining a Buy rating due to strong financial performance and a new $6 billion buyback program. The company reported a record free cash flow of $3.14 billion in the first quarter, despite a significant drop in production. Analysts expect production to recover in 2027 as new projects are completed.
- ▪Newmont Corporation's stock is rated as a Buy.
- ▪The company achieved a record free cash flow of $3.14 billion in Q1.
- ▪A new $6 billion buyback program has been authorized.
Opening excerpt (first ~120 words) tap to expand
{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://seekingalpha.com/"},{"@type":"ListItem","position":2,"name":"Stock Ideas","item":"https://seekingalpha.com/stock-ideas"},{"@type":"ListItem","position":3,"name":"Long Ideas","item":"https://seekingalpha.com/stock-ideas/long-ideas"},{"@type":"ListItem","position":4,"name":"Basic Materials","item":"https://seekingalpha.com/stock-ideas/basic-materials"}]}{"@context":"https://schema.org","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https://seekingalpha.com/article/4911310-newmont-golds-volatility-creates-a-long-term-opportunity"},"author":{"@type":"Person","name":"IWA…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Seeking Alpha.
Discussion
0 commentsMore from Seeking Alpha
