2 months ago
Moderna led the S&P 500 in August after reporting promising results from a late-stage trial of a personalized mRNA cancer vaccine it co-developed with Merck, according to CNBC. The data challenged years of skepticism about whether the company's mRNA technology could produce another major breakthrough following the decline of its Covid-19 vaccine business. "This is miraculous, so it got a miraculous welcome," CNBC's Jim Cramer said Monday.
Enterprise software stocks accounted for many of the index's other top performers. Palantir, Veeva Systems, Salesforce, and ServiceNow had each come under sustained selling pressure as investors grew skeptical that traditional software models could remain competitive against the backdrop of accelerating AI development, according to the outlet. Those declines were compounded by large short positions held by Situational Awareness, a leveraged hedge fund that had bet against software companies based on that thesis. When the fund was forced to unwind its trades in late July, those shorts became a tailwind for the stocks it had targeted. "As August comes to a grinding end, it's hard to believe that the reverberations of a hedge fund implosion could color so much of the month's action," Cramer said.
Situational Awareness, which was run by Leopold Aschenbrenner and peaked at $45 billion in **** ets at the start of July, lost roughly $35 billion after margin calls from prime brokers Bank of America, Goldman Sachs, and JPMorgan Chase forced a distressed sale of its publicly traded holdings to Ken Griffin's Citadel. The fund had used as much as 400% leverage and held large short positions in software names including Adobe alongside bullish bets on AI infrastructure stocks.
Among individual software stocks, Salesforce bounced back after better-than-expected quarterly results quieted fears of what Cramer called a "SaaSpocalypse," while ServiceNow gained ground after showing investors that AI could be folded into its platform without disrupting existing operations. Veeva Systems climbed in tandem with the wider software sector after the anticipated AI threat to its life sciences niche failed to materialize in any meaningful way. Gartner also joined the recovery, as worries that large AI models would erode the market for its research and advisory services turned out not to be borne out by the company's actual results.
Outside software, Newmont benefited from a recovery in gold prices, while Coinbase climbed as cryptocurrencies rebounded amid concerns about U.S. debt and government spending. Super Micro Computer and Sandisk also surged on strong demand for memory used in AI data centers.
#cramer
Enterprise software stocks accounted for many of the index's other top performers. Palantir, Veeva Systems, Salesforce, and ServiceNow had each come under sustained selling pressure as investors grew skeptical that traditional software models could remain competitive against the backdrop of accelerating AI development, according to the outlet. Those declines were compounded by large short positions held by Situational Awareness, a leveraged hedge fund that had bet against software companies based on that thesis. When the fund was forced to unwind its trades in late July, those shorts became a tailwind for the stocks it had targeted. "As August comes to a grinding end, it's hard to believe that the reverberations of a hedge fund implosion could color so much of the month's action," Cramer said.
Situational Awareness, which was run by Leopold Aschenbrenner and peaked at $45 billion in **** ets at the start of July, lost roughly $35 billion after margin calls from prime brokers Bank of America, Goldman Sachs, and JPMorgan Chase forced a distressed sale of its publicly traded holdings to Ken Griffin's Citadel. The fund had used as much as 400% leverage and held large short positions in software names including Adobe alongside bullish bets on AI infrastructure stocks.
Among individual software stocks, Salesforce bounced back after better-than-expected quarterly results quieted fears of what Cramer called a "SaaSpocalypse," while ServiceNow gained ground after showing investors that AI could be folded into its platform without disrupting existing operations. Veeva Systems climbed in tandem with the wider software sector after the anticipated AI threat to its life sciences niche failed to materialize in any meaningful way. Gartner also joined the recovery, as worries that large AI models would erode the market for its research and advisory services turned out not to be borne out by the company's actual results.
Outside software, Newmont benefited from a recovery in gold prices, while Coinbase climbed as cryptocurrencies rebounded amid concerns about U.S. debt and government spending. Super Micro Computer and Sandisk also surged on strong demand for memory used in AI data centers.
#cramer
3 months ago
Newmont Corporation (NYSE:NEM) shares climbed 7.9% to close at $125.08 on August 19 as gold gained more than 2% and traded near $4,516 per ounce. The gold rally coincided with Treasury bond buybacks, lower yields and a weaker dollar. Whether historically elevated bullion prices can continue outrunning higher mining costs is now the central question.
Newmont Corporation (NYSE:NEM) realized an average gold price of $4,414 per ounce in the second quarter. However, attributable gold production declined to 1.29 million ounces from 1.48 million ounces a year earlier. That combination leaves the company with exceptional commodity-price leverage but less support from production growth.
Newmont Corporation (NYSE:NEM) generated $2.2 billion of free cash flow, a non-GAAP measure, and ended June with $9.0 billion of cash, $13.0 billion of liquidity and $3.4 billion of non-GAAP net cash. The balance sheet gives management substantial flexibility to return capital without sacrificing investment in its mines.
Newmont Corporation (NYSE:NEM) also had $4.3 billion remaining under its $6.0 billion share-repurchase authorization. Continued buybacks at a time of strong cash generation could amplify the per-share benefit of elevated gold prices.
Newmont Corporation (NYSE:NEM) has considerable sensitivity to further bullion gains. Newmont's 2026 sensitivity ******* ysis estimates that every $100-per-ounce change in gold prices affects pretax revenue and costs by approximately $505 million. Second-quarter realized pricing exceeded Newmont's non-GAAP gold by-product all-in sustaining costs of $1,621 per ounce by approximately $2,793 per ounce.
#billion #cash #prices
Newmont Corporation (NYSE:NEM) realized an average gold price of $4,414 per ounce in the second quarter. However, attributable gold production declined to 1.29 million ounces from 1.48 million ounces a year earlier. That combination leaves the company with exceptional commodity-price leverage but less support from production growth.
Newmont Corporation (NYSE:NEM) generated $2.2 billion of free cash flow, a non-GAAP measure, and ended June with $9.0 billion of cash, $13.0 billion of liquidity and $3.4 billion of non-GAAP net cash. The balance sheet gives management substantial flexibility to return capital without sacrificing investment in its mines.
Newmont Corporation (NYSE:NEM) also had $4.3 billion remaining under its $6.0 billion share-repurchase authorization. Continued buybacks at a time of strong cash generation could amplify the per-share benefit of elevated gold prices.
Newmont Corporation (NYSE:NEM) has considerable sensitivity to further bullion gains. Newmont's 2026 sensitivity ******* ysis estimates that every $100-per-ounce change in gold prices affects pretax revenue and costs by approximately $505 million. Second-quarter realized pricing exceeded Newmont's non-GAAP gold by-product all-in sustaining costs of $1,621 per ounce by approximately $2,793 per ounce.
#billion #cash #prices
3 months ago
GDX sits 22% below its peak despite gold at record $4,270, while GDXJ's junior miners deliver the operational leverage the seniors are missing.
GLDM tracks bullion at a lower cost than GDX, making it the cleaner choice for investors seeking a pure hedge over mining equity exposure.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Gold trading near $4,270 should have been a coronation for VanEck Gold Miners ETF (NYSEARCA:GDX). Instead, GDX holders own a fund that has gained 76.34% over the past year, yet still sits roughly 22% below its 52-week high of $117.16. The gap between the metal and the miners is the core reason to own GDX, and that gap remains wide. A related VanEck product has historically closed it, and most GDX holders already know its name without owning it.
GDX is the default vehicle for gold-mining equity exposure. It holds the majors, with Newmont at 10.37%, Agnico Eagle at 10.12%, and Barrick at 6.01%, and the top 10 positions account for 56.30% of **** ets. Investors buy it because it turns a directional view on bullion into equity beta without picking a single miner. Fees are reasonable at 0.51%, and the fund carries a beta of 0.67 against the broader market, which is why it slots into diversification buckets. Those are the reasons GDX sits in so many portfolios.
#Gold #vaneck #bullion #mining
GLDM tracks bullion at a lower cost than GDX, making it the cleaner choice for investors seeking a pure hedge over mining equity exposure.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Gold trading near $4,270 should have been a coronation for VanEck Gold Miners ETF (NYSEARCA:GDX). Instead, GDX holders own a fund that has gained 76.34% over the past year, yet still sits roughly 22% below its 52-week high of $117.16. The gap between the metal and the miners is the core reason to own GDX, and that gap remains wide. A related VanEck product has historically closed it, and most GDX holders already know its name without owning it.
GDX is the default vehicle for gold-mining equity exposure. It holds the majors, with Newmont at 10.37%, Agnico Eagle at 10.12%, and Barrick at 6.01%, and the top 10 positions account for 56.30% of **** ets. Investors buy it because it turns a directional view on bullion into equity beta without picking a single miner. Fees are reasonable at 0.51%, and the fund carries a beta of 0.67 against the broader market, which is why it slots into diversification buckets. Those are the reasons GDX sits in so many portfolios.
#Gold #vaneck #bullion #mining
3 months ago
Newmont Corporation (NYSE:NEM) shares climbed 7.9% to close at $125.08 on August 19 as gold gained more than 2% and traded near $4,516 per ounce. The gold rally coincided with Treasury bond buybacks, lower yields and a weaker dollar. Whether historically elevated bullion prices can continue outrunning higher mining costs is now the central question.
Newmont Corporation (NYSE:NEM) realized an average gold price of $4,414 per ounce in the second quarter. However, attributable gold production declined to 1.29 million ounces from 1.48 million ounces a year earlier. That combination leaves the company with exceptional commodity-price leverage but less support from production growth.
Newmont Corporation (NYSE:NEM) generated $2.2 billion of free cash flow, a non-GAAP measure, and ended June with $9.0 billion of cash, $13.0 billion of liquidity and $3.4 billion of non-GAAP net cash. The balance sheet gives management substantial flexibility to return capital without sacrificing investment in its mines.
Newmont Corporation (NYSE:NEM) also had $4.3 billion remaining under its $6.0 billion share-repurchase authorization. Continued buybacks at a time of strong cash generation could amplify the per-share benefit of elevated gold prices.
Newmont Corporation (NYSE:NEM) has considerable sensitivity to further bullion gains. Newmont's 2026 sensitivity ***** ysis estimates that every $100-per-ounce change in gold prices affects pretax revenue and costs by approximately $505 million. Second-quarter realized pricing exceeded Newmont's non-GAAP gold by-product all-in sustaining costs of $1,621 per ounce by approximately $2,793 per ounce.
#newmont #prices #costs
Newmont Corporation (NYSE:NEM) realized an average gold price of $4,414 per ounce in the second quarter. However, attributable gold production declined to 1.29 million ounces from 1.48 million ounces a year earlier. That combination leaves the company with exceptional commodity-price leverage but less support from production growth.
Newmont Corporation (NYSE:NEM) generated $2.2 billion of free cash flow, a non-GAAP measure, and ended June with $9.0 billion of cash, $13.0 billion of liquidity and $3.4 billion of non-GAAP net cash. The balance sheet gives management substantial flexibility to return capital without sacrificing investment in its mines.
Newmont Corporation (NYSE:NEM) also had $4.3 billion remaining under its $6.0 billion share-repurchase authorization. Continued buybacks at a time of strong cash generation could amplify the per-share benefit of elevated gold prices.
Newmont Corporation (NYSE:NEM) has considerable sensitivity to further bullion gains. Newmont's 2026 sensitivity ***** ysis estimates that every $100-per-ounce change in gold prices affects pretax revenue and costs by approximately $505 million. Second-quarter realized pricing exceeded Newmont's non-GAAP gold by-product all-in sustaining costs of $1,621 per ounce by approximately $2,793 per ounce.
#newmont #prices #costs
3 months ago
Barrick Mining Corporation (NYSE:B) shares fell over 6% on Monday, even after the gold miner cleared a major disclosed obstacle to its planned North American IPO.
Newmont Corporation (NYSE:NEM) consented to the transaction as part of an agreement resolving the companies' disputes over Nevada Gold Mines. Newmont will contribute its Mike and Fiberline developments to the joint venture, Barrick will contribute Fourmile, and Barrick Mining Corporation (NYSE:B) will be entitled to receive a $1.95 billion top-up payment within 30 days. The IPO remains targeted for completion by year-end.
The market's reaction was revealing. Newmont gained 3.8%, while Barrick fell despite being entitled to receive the $1.95 billion cash payment within 30 days. Gold also advanced during the session, making the commodity backdrop an unlikely explanation for the decline.
Investors instead focused on Barrick Mining Corporation (NYSE:B)'s operating results and the economics of the agreement. Realized gold prices increased 34%, but production was essentially flat, all-in sustaining costs rose 11%, and Barrick-defined attributable free cash flow fell to $141 million. The IPO catalyst is genuine, but the quarter intensified the debate over costs, cash conversion, and how much value the separation will ultimately create.
The bull case begins with the strategic importance of the Barrick–Newmont agreement.
#barrick #Gold #mining #cash
Newmont Corporation (NYSE:NEM) consented to the transaction as part of an agreement resolving the companies' disputes over Nevada Gold Mines. Newmont will contribute its Mike and Fiberline developments to the joint venture, Barrick will contribute Fourmile, and Barrick Mining Corporation (NYSE:B) will be entitled to receive a $1.95 billion top-up payment within 30 days. The IPO remains targeted for completion by year-end.
The market's reaction was revealing. Newmont gained 3.8%, while Barrick fell despite being entitled to receive the $1.95 billion cash payment within 30 days. Gold also advanced during the session, making the commodity backdrop an unlikely explanation for the decline.
Investors instead focused on Barrick Mining Corporation (NYSE:B)'s operating results and the economics of the agreement. Realized gold prices increased 34%, but production was essentially flat, all-in sustaining costs rose 11%, and Barrick-defined attributable free cash flow fell to $141 million. The IPO catalyst is genuine, but the quarter intensified the debate over costs, cash conversion, and how much value the separation will ultimately create.
The bull case begins with the strategic importance of the Barrick–Newmont agreement.
#barrick #Gold #mining #cash
4 months ago
It's worth saying straight out of the gates that Bloom Energy (BE) should be considered a speculative, high-risk trade. Sure, Bloom has enjoyed strong demand thanks to the stratospheric rise of artificial intelligence and the buildout of data centers. But it's also fair to point out that BE stock has suffered a heavy corrective cycle, losing 20% in the past five sessions and 43% in the trailing month.
Nevertheless, investors aren't giving up on Bloom stock, in part because the broader performance is impressive. Right now, BE enjoys a 24% Weak Buy rating from the Barchart Technical Opinion indicator, a byproduct of the ticker gaining almost 127% on a year-to-date basis. Of course, the bulk of that performance is tied to Bloom's core value proposition: providing rapid, off-grid solid-oxide power generation for electricity-hungry AI data centers.
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#Stock #data #performance #energy
Nevertheless, investors aren't giving up on Bloom stock, in part because the broader performance is impressive. Right now, BE enjoys a 24% Weak Buy rating from the Barchart Technical Opinion indicator, a byproduct of the ticker gaining almost 127% on a year-to-date basis. Of course, the bulk of that performance is tied to Bloom's core value proposition: providing rapid, off-grid solid-oxide power generation for electricity-hungry AI data centers.
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#Stock #data #performance #energy
4 months ago
Domino's Pizza (DPZ) delivered higher-than-expected Q2 revenue growth. Its free cash flow (FCF), although slightly lower than last year, was much higher than last quarter, with higher margins. Value investors think DPZ looks cheap here, with a $413 price target (+25.6%), $based on its strong FCF and FCF margins.
DPZ closed at $328.97, up 2.1%, and has begun recovering from a recent trough price of $283.03 on June 23. However, it's still well below a March 9 peak of $415.78.
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#last #price #value
DPZ closed at $328.97, up 2.1%, and has begun recovering from a recent trough price of $283.03 on June 23. However, it's still well below a March 9 peak of $415.78.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
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#last #price #value
4 months ago
Crowdstrike (CRWD) is currently showing above average volatility with an IV Percentile of 98% and an IV Rank of 84.61%.
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#Intel #Stock #huge
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
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#Intel #Stock #huge
4 months ago
As the Iran war enters another volatile phase, Newmont (NEM) seemingly makes for a great contrarian trade. Sure, NEM stock is currently sitting on an 88% Strong Sell rating by the Barchart Technical Opinion indicator. However, it's possible that the escalation of hostilities could provide a temporary boost to the share price. Also, because NEM is down nearly 12% in the trailing month, it may be a positive mean-reversion candidate.
Another wrinkle to support the short-term bull case is Newmont's upcoming second-quarter earnings report. On July 23 after the market close, the gold miner is scheduled to release its financial results, with ***** ysts calling for earnings per share of $2.18 on revenue of $6.38 billion. Given the fact that Newmont has enjoyed generally strong results in recent quarters, another beat wouldn't be out of the question.
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#newmont #strong #short
Another wrinkle to support the short-term bull case is Newmont's upcoming second-quarter earnings report. On July 23 after the market close, the gold miner is scheduled to release its financial results, with ***** ysts calling for earnings per share of $2.18 on revenue of $6.38 billion. Given the fact that Newmont has enjoyed generally strong results in recent quarters, another beat wouldn't be out of the question.
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#newmont #strong #short
4 months ago
Netflix Inc (NFLX) stock closed down over 7% on Friday after Thursday's Q2 earnings release. Netflix projected lower Q3 revenue growth than in Q2 but maintained its 2026 projection. Netflix's operating margins were lower YoY but higher than last quarter and its own projections. Much of the bad news is already in NFLX stock. Is it too cheap here?
There were plenty of reasons for the market to be negative on NFLX, which closed at a new 6-month low of $68.95 on Friday, July 17. That's down from its 3-month peak of $107.79 on April 16 and even lower than a recent June 25 trough price ($70.90).
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There were plenty of reasons for the market to be negative on NFLX, which closed at a new 6-month low of $68.95 on Friday, July 17. That's down from its 3-month peak of $107.79 on April 16 and even lower than a recent June 25 trough price ($70.90).
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4 months ago
Newmont Corporation (NEM), headquartered in Denver, Colorado, acquires, explores, and develops mineral properties. Valued at $100.9 billion by market cap, the company produces and markets gold, copper, silver, zinc, and lead. The world's leading gold company is expected to announce its fiscal second-quarter earnings for 2026 in the near term.
Ahead of the event, **** ysts expect NEM to report a profit of $2.20 per share on a diluted basis, up 53.9% from $1.43 per share in the year-ago quarter. The company has consistently surpassed Wall Street's EPS estimates in its last four quarterly reports.
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Ahead of the event, **** ysts expect NEM to report a profit of $2.20 per share on a diluted basis, up 53.9% from $1.43 per share in the year-ago quarter. The company has consistently surpassed Wall Street's EPS estimates in its last four quarterly reports.
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5 months ago
Newmont Corporation (NYSE:NEM) is one of the best non-tech stocks to buy according to ***** ysts. Newmont Corporation (NYSE:NEM) provided an update on June 21 following a seismic event that occurred on Friday, June 19, near its Cadia operations in New South Wales. It reported that all underground personnel were returned to the surface at the time of the seismic event safely, with no reported injuries and no recorded damage to infrastructure. It added that the underground and aboveground inspections were completed, with operations resuming over the weekend following a staged restart. Newmont Corporation (NYSE:NEM) also stated that the safety and well-being of its workforce remains its top priority.
In a separate development, Newmont Corporation (NYSE:NEM) received a rating update from CIBC on June 1, with the firm lowering the price target on the stock to $175 from $176 and maintaining an Outperformer rating on the shares after incorporating the stronger-than-expected Q1 results and updating the firm's model for higher expected costs and for the second half cadence and outlook.
Newmont Corporation (NYSE:NEM) explores and acquires gold properties containing copper, silver, lead, zinc, or other metals. Its operations are divided into the following geographical segments: Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and the US.
While we acknowledge the potential of NEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
In a separate development, Newmont Corporation (NYSE:NEM) received a rating update from CIBC on June 1, with the firm lowering the price target on the stock to $175 from $176 and maintaining an Outperformer rating on the shares after incorporating the stronger-than-expected Q1 results and updating the firm's model for higher expected costs and for the second half cadence and outlook.
Newmont Corporation (NYSE:NEM) explores and acquires gold properties containing copper, silver, lead, zinc, or other metals. Its operations are divided into the following geographical segments: Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and the US.
While we acknowledge the potential of NEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
5 months ago
Newmont Corporation (NYSE:NEM) is one of the 12 High Quality Stocks to Buy for the Long Term.
On June 15, 2026, Newmont Corporation (NYSE:NEM) announced leadership appointments that further shape its Executive Leadership Team under President and CEO Natascha Viljoen. Effective July 1, Brian Tabolt has been appointed CFO, Mark Rodgers has been appointed COO, and David Thornton has been appointed CTO. Newmont also promoted David Fry to Executive Vice President, Project Development, reflecting the company's focus on disciplined project development and execution as it advances its highest-return growth opportunities.
Earlier in June, CIBC ***** yst Anita Soni lowered the firm's price target on Newmont Corporation (NYSE:NEM) to $175 from $176 and maintained an Outperformer rating on the shares. Soni updated CIBC's model after incorporating stronger-than-expected Q1 results, higher expected costs, and the company's second-half cadence and outlook.
Last month, Barclays initiated coverage of Newmont Corporation (NYSE:NEM) with an Overweight rating and $133 price target.
Newmont Corporation (NYSE:NEM) operates as a gold producer and explores for copper, silver, lead, zinc, and other metals.
On June 15, 2026, Newmont Corporation (NYSE:NEM) announced leadership appointments that further shape its Executive Leadership Team under President and CEO Natascha Viljoen. Effective July 1, Brian Tabolt has been appointed CFO, Mark Rodgers has been appointed COO, and David Thornton has been appointed CTO. Newmont also promoted David Fry to Executive Vice President, Project Development, reflecting the company's focus on disciplined project development and execution as it advances its highest-return growth opportunities.
Earlier in June, CIBC ***** yst Anita Soni lowered the firm's price target on Newmont Corporation (NYSE:NEM) to $175 from $176 and maintained an Outperformer rating on the shares. Soni updated CIBC's model after incorporating stronger-than-expected Q1 results, higher expected costs, and the company's second-half cadence and outlook.
Last month, Barclays initiated coverage of Newmont Corporation (NYSE:NEM) with an Overweight rating and $133 price target.
Newmont Corporation (NYSE:NEM) operates as a gold producer and explores for copper, silver, lead, zinc, and other metals.
5 months ago
Newmont Corporation (NYSE:NEM) is one of the 12 High Quality Stocks to Buy for the Long Term.
On June 15, 2026, Newmont Corporation (NYSE:NEM) announced leadership appointments that further shape its Executive Leadership Team under President and CEO Natascha Viljoen. Effective July 1, Brian Tabolt has been appointed CFO, Mark Rodgers has been appointed COO, and David Thornton has been appointed CTO. Newmont also promoted David Fry to Executive Vice President, Project Development, reflecting the company's focus on disciplined project development and execution as it advances its highest-return growth opportunities.
Earlier in June, CIBC ******* yst Anita Soni lowered the firm's price target on Newmont Corporation (NYSE:NEM) to $175 from $176 and maintained an Outperformer rating on the shares. Soni updated CIBC's model after incorporating stronger-than-expected Q1 results, higher expected costs, and the company's second-half cadence and outlook.
Last month, Barclays initiated coverage of Newmont Corporation (NYSE:NEM) with an Overweight rating and $133 price target.
Newmont Corporation (NYSE:NEM) operates as a gold producer and explores for copper, silver, lead, zinc, and other metals.
On June 15, 2026, Newmont Corporation (NYSE:NEM) announced leadership appointments that further shape its Executive Leadership Team under President and CEO Natascha Viljoen. Effective July 1, Brian Tabolt has been appointed CFO, Mark Rodgers has been appointed COO, and David Thornton has been appointed CTO. Newmont also promoted David Fry to Executive Vice President, Project Development, reflecting the company's focus on disciplined project development and execution as it advances its highest-return growth opportunities.
Earlier in June, CIBC ******* yst Anita Soni lowered the firm's price target on Newmont Corporation (NYSE:NEM) to $175 from $176 and maintained an Outperformer rating on the shares. Soni updated CIBC's model after incorporating stronger-than-expected Q1 results, higher expected costs, and the company's second-half cadence and outlook.
Last month, Barclays initiated coverage of Newmont Corporation (NYSE:NEM) with an Overweight rating and $133 price target.
Newmont Corporation (NYSE:NEM) operates as a gold producer and explores for copper, silver, lead, zinc, and other metals.
1 yr. ago
Newmont Celebrates 10th Anniversary of Red Chris Mine with $8 Million Contribution to Three Tahltan Communities http://dlvr.it/TKzzYj
http://dlvr.it/TKzzYj
http://dlvr.it/TKzzYj
