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Opinions Laszlo Birinyi
Newmont Mining (US)NEMTOP PICKFeb 27, 2004
A gold play which is really a play on the weak dollar. Still feels the dollar has a little more to go on the down side. Gold is a bull market proxy.
Laszlo BirinyiOwned
$43.45
Stock price when the opinion was issued
$104.13
As of Jun 18, 2026. Market Open.
precious metals
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Premium contentPAST TOP PICK
(A Top Pick Oct 26/21, Up 22.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with NEM has triggered its stop at $70.50. To remain disciplined we recommend covering the position at this time. This will result in a net investment gain of 15%, when combined with the previous buy recommendations.
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Premium contentPAST TOP PICK
Premium contentPAST TOP PICK
TOP PICK
The gold sector is breaking out driven by inflation. Newmont is the largest gold producer with over 6 million ounces per year. It has 8 world class assets and 2 new emerging assets in mostly low risk political environments. It is good for income with a 3% dividend and strong dividend growth ahead. Some inflation protection is built in. Buy 11, Hold 12, Sell 0.
David BurrowsOwned
precious metals
Premium contentPAST TOP PICK
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate NEM as a good defensive holding and TOP PICK. It is well funded, with a high level dividend. It offers inflation protection and market uncertainty protection. As a miner, primarily of gold, with reserves over 94 million ounces, it checks a lot of boxes. Trading at 18x earnings, it is cheaper than its peers at 26x. Its dividend (which has tripled over the past three years) is backed by a payout ratio expected to be under 60% of next year earnings. Earnings will be reported later this week. We would buy this with a stop loss at $52, looking to achieve $73 -- upside exceeding 25%. Yield 3.56% (Analysts’ price target is $72.90)
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DON'T BUY
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly NEM is a good defensive holding -- a well funded, high level dividend; inflation protection; and market uncertainty protection. As a miner, primarily of gold, with reserves over 94 million ounces, it checks a lot of boxes. Trading at 20x earnings, it is cheaper than its peers at 26x. Over 75% of the shares are held by large institutions, giving it more staying power. Its dividend is backed by a payout ratio of 57%. We would buy this with a stop loss at $52, looking to achieve $80 -- upside exceeding 23%. Yield 3.56% (Analysts’ price target is $72.91)
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BUY
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.
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PAST TOP PICK
(A Top Pick Jul 11/19, Up 61%) He has been bullish on the golds for some while and thinks you should hold a minimum of 20% in your portfolio. He continues to hold his gold stocks and they are now running close to 40% of his portfolio. He is letting them run as they have miles to go.
Ross HealyOwned
precious metals
TOP PICK
He is not a gold bug but there is a time to own golds. It makes sense due to all the monetary stimulus and all the money printing around the world. They just raised their dividend 78%. They are about to start a new mine in Mexico. 90% of their production is up and running. It continues to be an under-owned group. (Analysts’ price target is $64.63)
David BurrowsOwned
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PAST TOP PICK
(A Top Pick Aug 20/18, Up 3.75%) Used to be Goldcorp, which got bought out. If you're bullish on gold, your best leverage is in the stocks. Bullion is a lot more stable, but if you're in gold stocks, you're in it for the fun and the gains.
Ross HealyOwned
precious metals
TOP PICK
Likes the golds, and likes this one. (Analysts’ price target is $42.76)
Ross HealyOwned
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