Why is newmont stock falling

For many investors, the main point of stock picking is to generate higher returns than the overall market, why is newmont stock falling. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. See our latest analysis for Newmont.

FY24 Outlook : The company expects gold production of around 6. Price Action : NEM shares are down 7. Benzinga does not provide investment advice. All rights reserved. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Why is newmont stock falling

Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. As part of the acquisition , Newcrest shareholders at the time received 0. When we covered Newmont shares' first week on Monday, Newmont had performed decently, albeit with a bit of volatility along the way. But fast forward to today, and the picture is a lot bleaker for the Newmont share price. But after losing 1. That's a loss worth a painful 9. The price of gold has fallen dramatically this week. But, as my Fool colleague James covered just this morning , gold has been falling in value every day this week. Like any gold miner, the intrinsic value of Newmont is highly correlated with the price of gold.

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Newmont is the world's biggest gold miner following the acquisition last year of Newcrest. Newmont Corp. The Denver-based company closed its acquisition of Australia's Newcrest Mining in November and is now taking a hard look at its assets and projects with a view to maximizing profit. Copper is an attractive commodity right now given its use in EVs and renewable-energy infrastructure. Newcrest has added five active mines and two advanced projects to Newmont's global footprint, which includes mines in Ghana, Canada and Australia.

Meanwhile, the Dow experienced a rise of 0. The the stock of gold and copper miner has risen by 2. The investment community will be paying close attention to the earnings performance of Newmont Corporation in its upcoming release. This would mark year-over-year growth of Investors might also notice recent changes to analyst estimates for Newmont Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Why is newmont stock falling

FY24 Outlook : The company expects gold production of around 6. Price Action : NEM shares are down 7. Benzinga does not provide investment advice. All rights reserved. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. My Account My Account. Benzinga Research. Log In. Our Services. News Earnings.

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Unusual Options Activity. Copper is an attractive commodity right now given its use in EVs and renewable-energy infrastructure. SPAC Calendar. Today, you can download 7 Best Stocks for the Next 30 Days. Sign in. Guidance Calendar. The Denver-based company closed its acquisition of Australia's Newcrest Mining in November and is now taking a hard look at its assets and projects with a view to maximizing profit. Best Alternative Investments. Options Brokers. So what's going so wrong for this ASX newcomer this week? Price Target. But fast forward to today, and the picture is a lot bleaker for the Newmont share price. Largest Increase. Want the latest recommendations from Zacks Investment Research?

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But let's see what happens. All Broker Reviews. How to Buy Cryptocurrency? It's always interesting to track share price performance over the longer term. Ratings Analyst Color. Money Compare Online Brokers. Elsewhere, the Dow gained 1. Conference Call Calendar. Our Services. But it's safe to say we'd generally expect the share price to be lower as a result! ETF Brokers. So what's going so wrong for this ASX newcomer this week?