Great article on Newmont ($NEM). I ran the 2024 financials through a few scenario updates: average gold price up from the 2024 actual (around $2,400) to current actual (around $3,200) and even used a more S&P average P/E ratio, and got NEM stock prices up from the current $51 to about $88 or even $171. https://ffus.substack.com/p/gold-miners-a-leveraged-bet-on-gold
Great article on Newmont ($NEM). I ran the 2024 financials through a few scenario updates: average gold price up from the 2024 actual (around $2,400) to current actual (around $3,200) and even used a more S&P average P/E ratio, and got NEM stock prices up from the current $51 to about $88 or even $171. https://ffus.substack.com/p/gold-miners-a-leveraged-bet-on-gold
Great article! I missed the boat on AEM but I am ready for NEM.