Newmont's Cash Flow Explosion Is Just Beginning (Rating Upgrade)
Newmont Corporation has reported record cash flow and EBITDA, indicating strong financial performance. The company has expanded its buyback program to $6 billion and appears undervalued at approximately 10 times forward earnings. This positive outlook suggests that Newmont's financial growth is just beginning.
- ▪Newmont Corporation generated $3.8 billion in operating cash flow and $5.2 billion in adjusted EBITDA.
- ▪The company has expanded its buyback program to $6 billion.
- ▪Newmont's stock is currently valued at around 10 times forward earnings.
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