blue-chip

One NYSE-Listed Mining Stock at Resistance Levels – Newmont Corporation

Apr 11, 2025 | Team Kalkine

Read Time :10 Mins

One NYSE-Listed Mining Stock at Resistance Levels – Newmont Corporation — Image source: shutterstock

NEM:NYSE

Investment Type

Small-Cap

Risk Level

Action

Rec. Price (US$)

Company Overview: Newmont Corporation (NYSE: NEM) is a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji and Ghana. Its operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM.

As per our previous US Inflation Report published on ‘NEM’ on 28^th March 2025, Kalkine provided a ‘Buy’ stance on the stock at USD 48.39, based on “Newmont Corporation’s (NEM) robust fundamentals, significant production of 6.8 million gold ounces in 2024, a 106% surge in Adjusted EBITDA to USD8.7 billion, strong operational momentum with a record USD2.9 billion in Free Cash Flow, financial resilience from USD7.7 billion in total liquidity, strategic portfolio optimization through divestitures expected to yield up to USD4.3 billion, and a current valuation reflecting stability amidst a favourable gold price environment”, giving a return of 14.23%, attaining resistance 1 and moving towards resistance 2.

Current Macro and company specific rationales:

Noted below are the details of support and resistance levels provided in our previous report:

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Disclaimer-

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Mid-Cap