We are smoking hot ~~~~$NEM
$NEM: Gold is hot again......... 3/24 $50calls $0.12 at open
Now they are $0.60 here.
These could keep going higher next week still with this banking crisis and Spot Gold still going higher.
Keep an eye on other Junior Gold Miners as well....... AUY and NG come to mind
$NEM Back to $10
Seems to stay in small 5.00 channel
when gold goes up in 2023 This will be one to watch
DECEMBER 7TH ~~~~~DIVVY!
THIS BULLSHIT! 50+
stocks we cover.
Accounting Adjustments Summary Economic Book Value per share
NEM earns our Unattractive rating. See
Investment Rating Details below.
<-5% 3%<10% >10% See the PROOF -5%<-1% -1%<3% $18.02 Newmont Corp (NEM) Trust More Reliable Data $37.45 - $84.54 NYSE - Basic Materials > 3.5 or -1 < 0
1.6 < 2.4 2.4 < 3.5 or < -1 0 < 1.1 1.1 < 1.6 Newmont Corp (NEM) Investment Rating Details Quality of Earnings
Analyst Notes updated 11/18/2022.
See below for details. Return on Invested
Capital (ROIC) Price 12/02/2022: Closing Price as of 12/02/2022: $48.67 > 50 3 < 10 0 < 3
20 < 50 10 < 20
We democratize access to the truth about
earnings. We empower you with superior fundamental data.
Ranks 111th out of 146 Basic Materials Sector
stocks. Economic vs
Reported EPS Analyst Notes
NEM's accounting earnings overstate its economic earnings,
which equal (ROIC - WACC) * Average Invested Capital. 52-Week Range
Analyst Notes are only available to
members of our website. They provide
additional insights and alert clients to
important corporate events or disclosures
that can impact investment decisions.
Misleading Trend False Positive Latest Filing: 10-Q for period ending 09/30/2022 Neutral EE Positive EE Rising EE
We make, in general, 10 types of income statement adjustments
to derive NOPAT, 12 types of balance sheet adjustments to
derive Average Invested Capital, & 10 types of valuation
adjustments in our reverse DCF valuation models.
An Unattractive rating means this stock has
more downside risk than upside pot
#59 member mark , I'M LOOKING FOR #206 , $NEW
Newmont Corporation NYSE: NEM
Materials : Metals & Mining | Mid Cap ValueCompany profile
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December 02, 2022 7:00pm ET
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Research Reports -- Barron's
9:30 pm ET December 2, 2022 (Dow Jones) Print
How Analysts Size Up Companies
These reports, excerpted and edited by Barron's, were issued recently by investment and research firms. The reports are a sampling of analysts' thinking; they should not be considered the views or recommendations of Barron's. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
Splunk SPLK-Nasdaq Outperform -- Price $77.68 on Nov. 30 by RBC Capital Markets Splunk [which makes software that allows customers to, among other things, analyze data for decision-making] delivered a stable [fiscal-2023 third] quarter, with revenue and margin outperformance. Revenue of $930 million was up 40% [year over year], resulting in a 9.8% beat. Management noted that customers continue to see the value of the cloud, but are pacing migration to it.
That said, Splunk's business supports a hybrid model, which management feels is a strategic differentiator. The company reiterated that underlying demand for cloud remains strong. [Estimates of] revenue, margins, and free cash flow were raised as Splunk remains focused on profitability through cost-saving initiatives. We are raising our stock-price target to $110 from $105.
Victoria's Secret VSCO-NYSE Neutral -- Price $46 on Nov. 30 by J.P. Morgan Victoria's Secret reported third-quarter 2022 adjusted earnings per share of 29 cents (above the consensus estimate of 22 cents and management's guidance of zero to 25 cents) with a 9% sales decline and gross margin contraction of about 450 basis points [4.5%], to 34.7%, translating to a 19% year-over-year gross profit dollar decline. Management guided fourth-quarter EPS to $2-$2.45 (versus the Street's $2.33).
While Victoria's Secret is the leading player in U.S. lingerie (with about a 20% market share) and women's mass fragrances (about a 30% share) and has outlined structural cost reductions around $250 million over the next three years, top-line growth and gross profit dollars have declined sequentially.
Our December 2023 price target of $43 (versus $51 prior) is based on four times our estimate of fiscal-2024 Ebitda, representing a [1%] discount to the retail three-year prepandemic multiple.
Snowflake SNOW-NYSE Sell -- Price $142.90 on Nov. 30 by Guggenheim Securities Snowflake modestly exceeded F3Q23 product revenue [forecasts], but guided F4Q23 and initial FY24 product revenue below consensus estimates. We calculate that new ARR [annual recurring revenue] grew at the slowest pace in the company's history, at only mid-single digits in the fiscal third quarter.
Despite this, F4Q23 guidance is achievable, even if Snowflake recognizes no new ARR in the period. However, we see some risk in FY24 guidance for 47% product growth (implying product revenue of about $2.83 billion), which assumes that the current macro environment will continue throughout all of next year.
We are lowering our price target on the stock from $125 to $105, based on our discounted cash flow valuation. Snowflake currently trades around 18.8 times enterprise value/next 12-month estimated revenue, and 20 times EV/NTM subscription revenue, well above the average of 9.2 and 9.8 times, respectively, for high-growth infrastructure peers. At $105, Snowflake would trade at about 14 times EV/NTM subscriptions and still be one of the most expensive software stocks.
Newmont NEM-NYSE Buy -- Price $47.47 on Nov. 29 by BofA Securities Our price objective for Newmont, $64 per share, is based on the stock trading at 1.75 times our estimated net asset value. Our estimate is based on a 5% discount rate and 10-year average gold price of $1,869 per ounce.
Historically, North American precious metal stocks have traded between one and three times NAV, with a median of 1.5 times over the past three years (two times longer term), and with unhedged, growth-oriented producers with solid balance sheets occupying the upper end of the range. In the great gold rally of 2011, Newmont's multiple peaked at 2.50.
Apple AAPL-Nasdaq Overweight -- Price $148.03 on Nov. 30 by Piper Sandler We are reducing our forecasts for Apple, primarily based on iPhone supply concerns from shutdowns in Zhengzhou, China. In effect, we are reducing our revenue forecast for the December quarter to $119 billon, down from $127.3 billion.
We are assuming a reduction of about nine million handset units. Greater than 50% of iPhone production comes out of the Zhengzhou facility, where there have been numerous reports of worker unrest.
While Apple has made efforts to move production out of China, in our opinion, India still accounts for less than 5% of total iPhone 14 production and is likely to help only to a limited degree. Our stock-price target is $195.
Intuit INTU-Nasdaq Outperform -- Price $379.71 on Nov. 29 by BMO Research A worse-than-expected top-line hit from Credit Karma overshadowed otherwise solid metrics in fiscal first-quarter 2023. We like Intuit shares on a longer-term basis on the strength of the TurboTax and QuickBooks platforms, with the coming U.S. tax season as the next major catalyst. Price target: $448.
To be considered for this section, material should be sent to Research@barrons.com.
To subscribe to Barron's, visit http://www.barrons.com/subscribe
(END) Dow Jones Newswires
December 02, 2022 21:30 ET (02:30 GMT)
Buying daily now , $NEM
I agree fully , go NEWMONT!
Starter $41 paying off already..same reasons, gl NEM$...
gold rally we should see some nice gains here
NEM and GOLD have a forward dividend yield of 4.9%; the highest since we
initiated coverage on the seniors in mid-2020.
Gold Stocks Likely to Outperform Gold in a Rally
Our analysts are expecting a rally in gold prices as the Fed is likely to take a less
hawkish stance in its meeting next month due to weaker economic activities and
They believe high inflation and slower-than-expected rate hikes are highly conducive
Analysts are expecting a rally in gold prices, and believe NEM and GOLD have
higher upside potential than the metal.
Newmont Mining Latest News Second Quarter 2022 Results
Jul 25th 2022
Newmont Announces Second Quarter 2022 Results
Newmont (NEM) gold production increased 3%
By: Kitco | July 25, 2022
NEM Newmont Corporation
Day Range: 57.36 - 59.53
Last Trade Time: 12:07:05 PM EDT
Total Trades: 30,460
NEM Detailed Quote
Newmont Completes Acquisition of Properties to Support Land Use Planning in Tahltan Territory
Acquisition Intended to Protect and Conserve Lands Near Iskut
June 02, 2022 07:00 AM Eastern Daylight Time
Not time to buy yet. . . Waiting
$Newmont Declares First Quarter Dividend of $0.55 Per Share
April 21, 2022 07:30 AM Eastern Daylight Time
Newmont Corporation (NYSE: NEM) (TSX: NGT) today announced that its Board
of Directors declared a dividend of $0.55 per share of common stock for the first
quarter of 2022, payable on June 16, 2022 to holders of record at the close of
business on June 2, 2022.
The declaration and payment of future quarterly dividends remains at the
discretion of the Board of Directors and will depend on the Company's financial
results, cash flow and cash requirements, future prospects, and other factors
deemed relevant by the Board.1
Yes It Time For A Rally In Gold And The Newmont Mining Stock'
$In GOD We Trust - Real Money - AU Safety 6000yrs
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
GOLD STANDARD; THE REAL LEGAL MONEY:
Getting close to buy time again. A further drop is expected but getting close, real close :)
WONDERHUSSEY was such a clean freak about junk in the desert---yet failed to clean up the MANSON CAVE when visited ---in the cave were recent log book entries ---and yet no one bothered to help to memorialize it since 2016