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Stocks sink on Russian tensionsThis summary was created by AI, based on 1 opinions in the last 12 months.
The experts' reviews on Newmont Mining indicate a hesitancy to invest in gold stocks due to the low percentage of gold used in industrial products. This suggests a lack of confidence in gold's long-term sustainability as an investment. The company may face challenges in gaining investor interest and confidence due to the limited industrial demand for gold.
Bought it because he expects gold to break-out. He could be wrong. He doesn't buy many commodities. This business is managed well.
Likes it, but buy Barrick instead. The gold stocks as a whole are hot.
The USD and gold price The debt clock in Times Square will hit $30 trillion in a couple weeks. If you can't get bearish on the USD with that, he doesn't what will. He was wrong--he thought the USD would continue to slide since last fall into this spring, but it's obviously bounce--but the bounce is temporary, he thinks. The dollar will continue to fall, which will benefit metals. He didn't think gold would fall down here, either, but at least gold has held the low of June 2020. In this space, Newmont around $57 off last summer's $70 looks interesting.
Newmont Mining (US) is a American stock, trading under the symbol NEM-N on the New York Stock Exchange (NEM). It is usually referred to as NYSE:NEM or NEM-N
In the last year, 2 stock analysts published opinions about NEM-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Newmont Mining (US).
Newmont Mining (US) was recommended as a Top Pick by on . Read the latest stock experts ratings for Newmont Mining (US).
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Newmont Mining (US) In the last year. It is a trending stock that is worth watching.
On 2024-04-26, Newmont Mining (US) (NEM-N) stock closed at a price of $42.73.
He doesn't invest in gold stocks. Only 8% of gold is used in industrial products.