Newmont Mining (US) (NEM) Buy, Sell or Hold

Newmont Mining (US) (NEM)

104.13

+0.34 (0.33%)

as of Jun 18, 2026, 11:44:17 pm Market Open.

47 watching

WAIT

This company is really a proxy for the metal price, in this case gold. The main driver here will be what happens to the price of gold. There is already a premium built in to this and the other major gold producers. Would wait for gold to pull back a little before buying.

PAST TOP PICK

(A Top Pick Jun 6/05. Up 10%.) The premier gold company in the world. Good management.

COMMENT

Caller: Bull on gold. Sells PUTs out about 1.5 years on senior golds such as Placer (PDG-T) Barrick (ABX-T) or Newmont (NEM-N), and prepared to have the stocks sold to him at that price. Good idea? Answer: Great idea. Options on gold stocks are about the 4th decile in terms of their price (probably twice as expensive as options on the TSX (X-T) to give some perspective). This will give you a decent premium.

TOP PICK

The world's largest gold mining company. The best managed, the best financed. Stock has been hit in the last few months as gold has been hit. Outlook for gold is OK. Now seems to be moving up with the US$ which is odd.

WAIT

Keep a close eye on golds. His sector model indicates they are pretty sold out. Wait for buying to come back into the market. US$ has been strengthening against the Euro and there's been a very tight correlation with gold to the US$. Look for 1) stocks to rally along with the gold price and 2) gold starting to trade independently of the US$.

BUY

By far the best gold company in the world. Also likes Placer Dome (PDG-T) which trades at about half Newmont's valuation. Not as good a company, but at half the valuation, prefers Placer. Owns gold as a hedge against the US$.

WATCH

The gold market is very interesting right now. Doesn't think gold is going to do a lot. US$ is rallying. There's been a long trend line on Newmont and it has reached a point where it is seeing if it can hold at this point. If it does hold, there should be a bounce to at least $50. Prefers juniors at this time.

PAST TOP PICK

(A Top Pick Oct 27/04. Down 10%.) Fell back with gold. Still thinks there's further downside risk in the US$. Use this weakness in the stock to buy.

BUY

If you believe in gold, you have to believe in this company.Doesn't believe in hedging. The favourite gold bug play.

PAST TOP PICK

(A Top Pick Sept 1/04. Up 5%.) Has broken the little uptrend line, so has been selling his position. Will watch for a re-entry point.

TOP PICK

(A Top Pick Aug 27/04. Up 8%.) Positive on the price of gold at this time. The best managed gold company in the world. They are also the biggest shareholders in Cdn Oil Sands. Available on both US and Cdn exchanges.

TOP PICK

Management is great gold bug and so doesn't hedge. Has some great prospects.

PAST TOP PICK

(Top Pick May, 10 2004. Up 16%) Best overall senior gold stock. Largest and liquid company. Well managed.

BUY

Likes the mining stocks in general. Outlook is positive. China is continuing its strong growth.

PAST TOP PICK

(A Top Pick June 28/04. Then: $38.81) Granddaddy for gold stocks. Projects over 60 dollars.

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Newmont Mining (US) (NEM)