Newmont is the world's largest gold producer. In 2020, the company produced 5.9 million attributable ounces of gold and more than 1 million attributable gold equivalent ounces from by-product sales. In the long term, the company expects to produce 6.5 to 7 million ounces of annual gold production while reducing all-in sustaining costs to $800 to $900 per ounce.
Newmont is a company that appears to have been unaffected by the pandemic, as we see no significant damage to sales. The current year's results have been better than last year, likewise, we can see that its debt level is in line with its competitors.
- Value
-2.9% estimated net earnings growth for the next 3 years.
- ROE 11.0% VS 13% industry average
- P/B 2x VS 2.3x industry.
Technicals:
- Price level below SMA 250-200-150-100
- Williams R% at -94% levels
- RSI (32) Oversold
- -8% average downside during the month
A 17% correction was presented from January 8 to February 26, which stopped at $54.30 support. This pullback was mainly due to the fortune that the dollar has been gaining and the increase in 10-year bond yields. Ultimately, the buy decision is driven by the strength of the company and that the technical indicators are favorable.
Newmont is a company that appears to have been unaffected by the pandemic, as we see no significant damage to sales. The current year's results have been better than last year, likewise, we can see that its debt level is in line with its competitors.
- Value
-2.9% estimated net earnings growth for the next 3 years.
- ROE 11.0% VS 13% industry average
- P/B 2x VS 2.3x industry.
Technicals:
- Price level below SMA 250-200-150-100
- Williams R% at -94% levels
- RSI (32) Oversold
- -8% average downside during the month
A 17% correction was presented from January 8 to February 26, which stopped at $54.30 support. This pullback was mainly due to the fortune that the dollar has been gaining and the increase in 10-year bond yields. Ultimately, the buy decision is driven by the strength of the company and that the technical indicators are favorable.
Trade closed: target reached:
16 Mar