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Newmont Goldcorp Corp (NMMG)

Frankfurt
Symbol
Exchange
Currency
NEMNYSEUSD
NGTTorontoCAD
1NEMMilanEUR
NMMGTradeGateEUR
NMMGFrankfurtEUR
NEMSantiagoUSD
NEMBuenos AiresARS
NEMViennaEUR
NEM_KZKASEUSD
NEM_KZTQKDKASEUSD
NEMLimaUSD
Currency in EUR
Disclaimer
35.26
-0.95(-2.61%)
Closed

NMMG Comments

Any buys under $55 are still very cheap. This name will be testing the $80s in 2025
Huge inflows in sector. Most will come here.
prolly right, I prefer ftco. only risk is end of world or no more permits issued to mine in USA. otherwise, PE yield and prospects are top notch.
I own both.
Although I am long on this, the way it is starting to behave is frustrating. Slightest bit of panick in the pm sector and Newmont is the first one to go down and with the greatest degree. :/
It is this reason I came bye. A 4% drop is big….more to it than a few stops hit. I’m here for the scoop not the scooter. Lol.
hold on ad soon as interest rates drop you'll get a 30-40 percent rise in a year, so probably 2 years total plus the dividend. should have you a 20 percent or so per year for 2 years. sell and wait for next round
told you, best time for short, this company is such a trash 🗑, just have a look at the statement.... -2% since 2019.... It will cost around 15-20$
best time to add short
ai said to buy this
So cheap.
When will the balance sheet be announced?
Time to hedge... Thoughts?
look... in my experience this an ball underwater situation.... I don't think the big banks will want to pay out 28 million so... probably stock goes up before then. If you had the exchange data you would have seen the stock up in the pre- market only to sell off 1% on the market open on almost no volume. ( i bought more here at 29.50ish ) My interpretation is that a) an institution had an block sell order in the morning so they tried to manipulate the market higher in the pre-market hoping to entice traders to buy the stock to fill their large block order.
or b) Banks simply want to push nem higher on light volume patches such as pre market and in the pits after the close. They can't really push the stock 3-4 dollars higher to avoid even an 28 million $$ payout all they can do is nudge it higher in times with low volume. From memory most of the shareholder base is institutional or passive holders something like over 92%.... so the price action is mostly from large block orders not retailers.... these guys can't sell their positions in 1 day. Now based off the short interest data you have some cta technical types shorting nem into x-date. Which I think is not smart, but you know I can't make this stuff up.
picaso. i see what you are saying. makes sense.
conscious is long here :O no one is buying puts... Umm not sure what to make of that
so... today i am short gld... physical gold and long nem. I change things around an lot though
fyi -- i like th3 company....don't know that I like where gold prices are headed
I think their were some large block sell orders from institutions that take an few days to clear... March 8th I think is the xdate for the dividend. My guess is this stock bottoms before then.
It comes up a few cents to balance the RSI and then gets back to following the trend.
Is it going to bancrupt?
HAHAHA
This is beyond ridiculous…
🤦🤷
the gates to $25 have opened now
$30 breached
crazy. btc really so much better than good ol gold? wow
Things have been going badly at Newmont, but managment is guiding positive saying things will INFLECT. If they choke in the next earnings release near the end of MAY sell everything.
I don't know why it got to 70 - 80 per share in the first place.... But 36 or 40 in 12 months I think is plausable
agreed
also we need to keep in mind that people get a higher interest rate return today. but once the interest rate normalizes, the charm for high dividend stocks will return
Does anyone know why the common equity in this stock has fallen from about 21 or 22B in 2021 to 19.5 Billion currently? Is this because of the Newcrest acquisition?
When is the bleeding going to stop?
well as of today... closed at 30.90 trading at 1.68x book value. BUT, profitable companies never trade at 1x book value. Soo... I don't know where the bottom is but my guess is your close to it.
One of the major reasons for drop is also that most investors can't differentiate between one time impairment costs and it's impact on the NI vs operational loss.
Even if the price drops to 1700, which I don't think will happen, to be honest. Their AISC is only $1440. so they would still be profitable. I think this is more about the market sentiment people gaining back the trust/confidence on company.
best sell
I never thought we would see $32 too. I hope it does not go below $30 (which you never know) but if it does, I would most likely buy a lot more.
I got in at $37, thinking this would stabilize and I would get paid on the dividend. I assumed the poor performance declining revenues and common equity was somehow related to the NEwcrest merger... I plan to give them 1 or 2 quarters to get this turned around.
I am stuck as sell. over exposed to say the least. my average is $39 and I am still in the mindset of averaging it around $25, which I think would hold. Because the only biggest support after that is $16. The company is doing okay, not great, not bad to be honest. But my problem is I don't see any reason for it to rocket again unless some great news comes in.. and 24's projection is not great either
Tough call here.... honestly. I plan to sell an little bit on strength. Market probably does not like the merger risk, stock might underperform for 1-2 years. But I hope it goes up
time to buy
NAK is the biggest sleeping giant. US largest proven reserves. Long term hold only.
Does anyone know why 79 million shares crossed at the close? Total shares today were 98 million, with average daily volume currently at 19 million.
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