Newmont: Not The Cheapest Gold Miner, But Still Worth Owning (Rating Downgrade)

IWA Research2.35K FollowersFollow5ShareSavePlay(13min)CommentsSummaryNewmont Corporation is rated Buy, supported by robust fundamentals, decisive new CEO actions, and a favorable gold macro backdrop.NEM reported record free cash flow, reduced debt by $3.4B, and maintains significant liquidity with $7.65B in cash, enabling organic growth focus.Production is expected to trough in 2026 at 5.3M oz before rebounding to ~6M oz in 2027+, with AISC at $1,680/oz and $3.35B in CAPEX.Valuation offers margin of safety at current gold prices, though some peers offer better risk-adjusted value.FOTOKITA/iStock via Getty Images Introduction The last time I covered Newmont Corporation (NEM), I upgraded them to a Strong Buy, highlighting their robust fundamentals, portfolio improvements, and macro tailwinds that supported even higher gold prices. With the stock now upThis article was written byIWA Research2.35K FollowersFollowI've been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies so far. I would say my favorite type of company to cover are metals and mining stocks, but I am comfortable with several other industries, such as consumer discretionary/staples, REITs and utilities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of NEM, B either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.