Latest news with #NewmontCorp
Globe and Mail
2 days ago
- Business
- Globe and Mail
The Zacks Analyst Blog Highlights Howmet Aerospace, Newmont, Philip Morris International, NatWest and Deutsche Bank Aktiengesellschaft
For Immediate Release Chicago, IL – June 11, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Howmet Aerospace Inc. HWM, Newmont Corp. NEM, Philip Morris International Inc. PM, NatWest Group plc NWG and Deutsche Bank Aktiengesellschaft DB. Here are highlights from Tuesday's Analyst Blog: 5 Must-Buy Non-Tech Behemoths of Q1 Set to Tap More Gains U.S. stock markets are back on a northward trajectory after witnessing volatility in the last couple of months. The broad-market benchmark — the S&P 500 — is hovering around its all-time high. The tech-heavy Nasdaq Composite and the blue-chip Dow have also been in positive territory year to date. The ongoing trade and tariff-related negotiations between the United States and China, stability in the U.S. labor market and a systematically declining inflation rate have bolstered market participants sentiment in risky assets like equities. Most financial researchers are busy talking about an artificial intelligence (AI) revolution, next-generation quantum computing and massive deployment of 5G/6G wireless technologies. While doing this, we are missing out on several non-tech stocks that have appreciated year to date. Here we recommend stocks of five corporate behemoths (market capital > $50 billion) that have provided more than 40% returns year to date. Their current favorable Zacks Rank also indicates more upside in the near term. Each of our picks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The stocks are Howmet Aerospace Inc., Newmont Corp., Philip Morris International Inc., NatWest Group plc and Deutsche Bank Aktiengesellschaft. Howmet Aerospace Howmet Aerospace is benefiting from solid momentum in the commercial aerospace market, driven by robust build rates and wide-body aircraft recovery. HWM is also witnessing strength in its defense aerospace business on the back of rising U.S. & international defense budgets. Robust orders for engine spares for the F-35 program and spares and new builds for legacy fighters augur well for HWM. Given the strength in most of its served markets, HWM has built a sound liquidity position that supports its shareholder-friendly policies. Howmet Aerospace has an expected revenue and earnings growth rate of 8.5% and 28.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.2% over the last 30 days. Newmont Newmont is making notable progress with its growth projects. NEM is likely to gain from several projects, including the Tanami expansion. The acquisition of Newcrest also created an industry-leading portfolio providing opportunities for significant synergies. NEM also remains focused on improving operational efficiency and returning value to its shareholders. Newmont has received full funds approval for its Ahafo North project, which has reached the execution stage. Commercial production for the project is expected to commence in second-half 2025. NEM remains committed to Ghana, investing $950 million to $1,050 million in development capital for Ahafo North. Newmont has an expected revenue and earnings growth rate of 2% and 20.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 9.7% over the last 30 days. Philip Morris International Philip Morris has benefited from strong pricing power and an expanding smoke-free product portfolio. PM has been making significant progress on its smoke-free transition, with products like IQOS and ZYN contributing to strong performance. In fact, PM aims to become substantially smoke-free by 2030. Philip Morris is set for another year of robust growth in 2025, driven by increasing demand across all product categories. PM anticipates positive volume growth for the fifth consecutive year, with an expected increase of 2%. Smoke-free products remain a key growth driver, projected to expand by 12-14%, reinforcing PM's strategic shift toward reduced-risk alternatives. Philip Morris has an expected revenue and earnings growth rate of 8.1% and 13.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.6% over the last 60 days. NatWest Group NatWest Group provides banking and financial products and services to personal, commercial, corporate and institutional customers in the United Kingdom and internationally. NWG operates through the Retail Banking, Private Banking, and Commercial & Institutional segments. NWG provides personal and business banking, consumer loans, asset and invoice finances, commercial and residential mortgages, credit cards and financial planning services, as well as life, personal and income protection insurance. NatWest Group has an expected revenue and earnings growth rate of 20.1% and 17.3%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 6.8% over the last 30 days. Deutsche Bank Aktiengesellschaft Deutsche Bank's first-quarter 2025 results were aided by a rise in revenues and lower expenses. DB benefits from a well-diversified deposit base across various client segments and regions. This will likely support the balance sheet and improve its funding base. DB's shifting focus from investment banking to more stable and capital-light businesses has started bearing fruit and driving revenue growth. Moreover, with a solid liquidity profile, DB's capital distribution seems sustainable. Deutsche Bank has an expected revenue and earnings growth rate of 12% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.2% over the last 60 days. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deutsche Bank Aktiengesellschaft (DB): Free Stock Analysis Report Philip Morris International Inc. (PM): Free Stock Analysis Report Newmont Corporation (NEM): Free Stock Analysis Report Howmet Aerospace Inc. (HWM): Free Stock Analysis Report NatWest Group plc (NWG): Free Stock Analysis Report
Bloomberg
27-05-2025
- Business
- Bloomberg
Agnico Eagle's Ascent to Most Valuable Gold Stock Lifts Paulson
When billionaire hedge fund manager John Paulson's firm made a big bet on gold after the 2008 financial crisis, his fund picked several small- and mid-size gold miners. One of those is now vying to be the world's most valuable bullion stock. Toronto-based Agnico Eagle Mines Ltd. had a roughly $7.9 billion market capitalization when Paulson & Co. took a stake in the company. It's now worth about $59 billion in New York, with its market cap more than doubling since the beginning of 2024 alone. The gains mean the stock is virtually tied with Denver-headquartered Newmont Corp. as the world's most valuable gold-focused producer.
Bloomberg
08-05-2025
- Business
- Bloomberg
BHP-Backed SolGold Turns to Speedier Mine Plan to Woo Investors
SolGold Plc, an Ecuador-focused firm backed by some of the biggest names in mining, is working on options to start production at its flagship project three or four years ahead of previous plans. The company's Cascabel project has long been heralded for its potential of being a major copper-gold mine, drawing investments from BHP Group and Newmont Corp. SolGold's newest chief executive officer, Dan Vujcic, said Cascabel could be in production as soon as 2028 by starting with open-pit operations instead of just underground.
Yahoo
24-04-2025
- Business
- Yahoo
Newmont Corp (NEM) Q1 2025 Earnings Call Highlights: Record Cash Flow and Strategic Divestments
Gold Production: 1.5 million ounces. Copper Production: 35,000 tonnes. Free Cash Flow: $1.2 billion, a record for the first quarter. Cash Flow from Operations: $2 billion, a first-quarter record. Adjusted EBITDA: $2.6 billion. Adjusted Net Income: $1.25 per diluted share. Gold All-In Sustaining Costs: $1,651 per ounce. Divestment Proceeds: More than $2.5 billion in after-tax cash proceeds this year. Debt Reduction: $1 billion repaid since the start of the year. Share Repurchases: $755 million so far this year. Cash Balance: $4.7 billion at the end of the quarter. First Quarter Dividend: $0.25 per share. Warning! GuruFocus has detected 8 Warning Signs with NEM. Release Date: April 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Newmont Corp (NYSE:NEM) reported a record first quarter free cash flow of $1.2 billion, driven by strong operational performance and favorable gold prices. The company successfully completed its divestment program, generating over $2.5 billion in after-tax cash proceeds this year, which strengthens its balance sheet. Newmont Corp (NYSE:NEM) achieved a notable decrease in the frequency of significant potential safety events, reflecting improvements in its safety culture. The company is on track to meet its full-year guidance, with first-quarter production of 1.5 million ounces of gold and 35,000 tonnes of copper. Newmont Corp (NYSE:NEM) has completed approximately $2 billion in share repurchases from its $3 billion program, demonstrating a commitment to returning capital to shareholders. The company anticipates increased working capital needs in the second quarter due to the timing of cash tax and interest payments. Newmont Corp (NYSE:NEM) expects sustaining capital expenditures to increase in the second quarter, particularly at Cadia, which may impact cash flow. The divestment of noncore assets means future financial results will no longer include production and associated free cash flow from these operations. There is ongoing uncertainty regarding tariffs and their potential impact on the company's cost structure, particularly in consumables and labor. The company is in an investment cycle with higher unit costs, and there is a focus on improving margins and leveraging the full strength of its portfolio. Q: Lihir's cash costs dropped significantly this quarter. How should we think about the cash cost profile there, and are you surprised by the cost levels you're achieving? A: Thomas Palmer, CEO: Our focus at Lihir is on configuring the mine to sustainably work through Phase 14A. We completed significant shutdowns last year, including rebuilding autoclave 4. Karyn Ovelmen, CFO: There was a $100 million impact from inventory adjustments, which is non-cash and will normalize over the year. We expect Lihir to meet its full-year cost guidance. Q: Can you provide commentary on the pace of share buybacks? Will it be front-half weighted due to asset divestitures? A: Karyn Ovelmen, CFO: We are continuing with the share buyback program, supported by cash build and proceeds from divestitures. With the elevated gold price, we will continue share buybacks throughout the year and into next year. Q: With gold prices near record highs, how does this affect your business management? A: Thomas Palmer, CEO: We are focused on delivering safety, cost, and productivity performance irrespective of the gold price. Our priority is to realize the potential of our 11 managed operations and projects, such as commissioning Ahafo North and advancing Cadia's block caves. Q: What are the major projects you might consider for investment in the next 12 months? A: Thomas Palmer, CEO: Red Chris is in a prime position, with a feasibility study underway. We are also engaging with local governments for permits. Our development capital is fully consumed with current projects, but as Ahafo North ramps up, we may consider new projects. Q: How are tariffs impacting your cost structure, particularly consumables and labor? A: Thomas Palmer, CEO: Labor costs are consistent with budgeted amounts. For consumables, we see some upward pressure on grinding media due to steel prices, mixed trends in ammonia and cyanide costs, and flat explosives costs. Energy costs are benefiting from lower oil prices. Overall, costs are consistent with our assumptions for the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
12-04-2025
- Business
- Yahoo
Why Newmont Corp. (NEM) Soared Last Week?
We recently published a list of . In this article, we are going to take a look at where Newmont Corp. (NYSE:NEM) stands against other firms that defied the market slump and recorded double-digit gains last week. The stock market may have taken a beating for most of the week, but it was able to recover losses on Friday, as investors gobbled up shares while weighing the impact of the US-China trade war. Among all major indices, the tech-heavy Nasdaq registered the highest gain, up 7.29 percent, followed by the S&P 500 with 5.7 percent, and the Dow Jones by 4.95 percent. Ten companies, predominantly in the gold and biopharmaceutical sectors, were the week's top performers as investors sought haven from their stocks amid market uncertainties. In this article, we have identified last week's 10 highest gainers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume. The week-on-week prices were based on the companies' closing prices on Friday as against on April 4, or a week earlier. A gold mine entry with a conveyor belt transporting minerals from the depths of a shaft. Shares of Newmont Corp. surged by 24.4 percent week-on-week, finishing Friday's trading at $54.97 versus the $44.18 on April 4, as investor funds flocked to gold miners amid the surge in the prices of gold. During the past trading week, gold prices surged to record highs twice as investors turned to gold for safe haven amid economic uncertainties brought about by the ongoing trade tensions between the United States and China. NEM also saw five consecutive days of rally last week, with sentiment helped by an investment bank's rating upgrade in the company's stock to Buy from Neutral previously, while giving it a higher price target of $60 versus $50 prior. The new price target represented a 9-percent upside from NEM's closing price on Friday. NEM is a US-based gold miner that owns various mining sites across the US, Canada, Mexico, Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. Overall, NEM ranks 10th on our list of firms that defied the market slump and recorded double-digit gains last week. While we acknowledge the potential of NEM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is as promising as NEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
