NEM Should I Buy
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Based on the data provided, Newmont Corporation (NEM) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong financial performance, bullish moving averages, and positive analyst sentiment outweigh the technical and sentiment-based short-term concerns. The investor's long-term focus aligns well with the positive growth trends in gold prices and the company's robust fundamentals.
The MACD is negatively expanding (-0.691), indicating bearish momentum. RSI is neutral at 48.059, showing no clear signal. However, moving averages are bullish (SMA_5 > SMA_20 > SMA_200), and the stock is trading above the pivot level of 116.792, with key resistance at 123.472 and support at 110.113.
Analysts have raised price targets significantly, with the highest at $177, reflecting strong confidence in the stock's potential.
Hedge funds have increased their buying activity by 364.37% over the last quarter.
Financial performance in Q3 2025 was exceptional, with revenue up 19.96% YoY and EPS up 108.75% YoY.
Increased gold price forecasts for 2026 and 2027 support long-term growth.
MACD indicates bearish momentum in the short term.
Recent news suggests caution in the gold market, with some investors reducing exposure.
The stock has a 60% chance to decline slightly (-0.32%) in the next day and (-0.2%) in the next week, indicating potential short-term weakness.
In Q3 2025, Newmont reported a 19.96% YoY increase in revenue to $5.524 billion, a 98.70% YoY increase in net income to $1.832 billion, and a 108.75% YoY increase in EPS to $1.67. Gross margin also improved significantly to 53.04%, up 46.80% YoY, showcasing strong operational efficiency and profitability.
Analysts are overwhelmingly positive on NEM, with multiple firms raising price targets recently. Stifel raised its target to $175, CIBC to $177, and UBS to $160, all maintaining Buy or Outperform ratings. The consensus reflects confidence in the company's long-term growth potential, driven by higher gold and copper price forecasts and geopolitical uncertainty.
