NEM

Market Resilience Amidst Turmoil: Despite a significant drop in the S&P 500 due to Donald Trump's tariff policies, five top-performing stocks from Q1 2025—CVS Health, Philip Morris, Newmont, Cencora, and Vertex Pharmaceuticals—have shown minimal declines, indicating their resilience against broader market pressures.

Future Growth Concerns: Analysts suggest that while CVS and Newmont have potential for further gains, the outlook for the other three companies appears less promising due to stretched valuations and increasing macroeconomic risks, which could lead to downward revisions in forecasts.

Stock Performance: Freeport-McMoRan Inc. shares fell 13.01% to $29.15, marking a second consecutive day of losses amid a broader market decline.

Market Trends: The S&P 500 Index dropped 5.97% and the Dow Jones Industrial Average decreased by 5.50%, indicating a rough trading session overall.

New Tariffs Announced: President Trump announced a 20% tariff on all imports from the EU, prompting anger and potential retaliation plans from the European Union, which may target Republican states and tech companies aligned with Trump.

Market Reactions: The announcement has led to volatility in stock markets, with investors shifting towards safe-haven assets like gold, resulting in increased prices for gold and interest in mining stocks.

Market Performance: The S&P 500 Index experienced a significant decline of over 4.5% in the first quarter of 2025, entering correction territory before recovering slightly, while investor sentiment remains in the "Extreme Fear" category.

Sector Highlights and Concerns: Despite the overall market downturn, stocks like CVS Health, Newmont Corporation, and Philip Morris International saw substantial gains; however, concerns about President Trump's proposed tariffs could further impact economic growth and consumer spending.

Patagonia Gold Corp. and Newmont Agreement: Patagonia Gold Corp. has signed a binding letter agreement with Newmont Corporation, granting Newmont an option to acquire 100% interest in Patagonia's Tornado and Huracan gold and silver properties for a total of $1.5 million over six years.

Properties Overview: The properties cover approximately 11,900 hectares in Argentina's Santa Cruz province, are fully owned by Patagonia, and have undergone limited exploration, with previous drilling indicating promising mineralization.

Analyst Rating: Citi analyst Kate McCutcheon has maintained a Buy rating on Newmont Corporation CHESS (NEM) with a price target of A$73.00, while the shares closed at A$77.93.

Market Consensus: The overall analyst consensus for Newmont Corporation CHESS is a Moderate Buy, with an average price target of A$80.92, reflecting a one-year high of A$87.57 and a low of A$55.67.

Class Action Lawsuits Announced: Bragar Eagel & Squire, P.C. has initiated class action lawsuits for shareholders of Quantum Computing, Inc., Atkore Inc., Newmont Corporation, and Semtech Corporation, with deadlines for lead plaintiff petitions approaching in April 2025.

Allegations Against Companies: The lawsuits allege various misleading statements and undisclosed information regarding business practices, including overstated technological capabilities, anticompetitive price-fixing, and flawed revenue projections that negatively impacted stockholder interests.

Class Action Lawsuit Announcement: Levi & Korsinsky, LLP has initiated a class action lawsuit on behalf of Newmont Corporation investors who experienced losses due to alleged securities fraud between February 22, 2024, and October 23, 2024.

Stock Price Decline: Following disappointing financial results announced by Newmont on October 23, 2024, the company's stock price dropped significantly, prompting affected investors to seek compensation through the lawsuit.

Class Action Lawsuit: Levi & Korsinsky, LLP has initiated a class action securities lawsuit on behalf of Newmont Corporation investors who experienced losses due to alleged securities fraud between February 22, 2024, and October 23, 2024.

Stock Price Decline: Following disappointing financial disclosures on October 23, 2024, Newmont's stock price dropped significantly from $57.74 to $49.25 per share, prompting the lawsuit for potential compensation without any out-of-pocket costs for affected investors.

Market Decline: Major US stock indexes, including the S&P 500 and Nasdaq 100, experienced significant declines, reaching 11-month and 9-month lows respectively, largely due to escalating trade tensions between the US and China, with China imposing a 34% tariff on US imports in retaliation to US tariffs.

Economic Impact: Fed Chair Powell warned that the economic consequences of the trade war could be more severe than anticipated, potentially leading to slower growth and higher inflation, while a stronger-than-expected payroll report provided some support for stocks despite rising unemployment rates.

Gold Price Performance: Gold prices have surpassed the long-term target of $3,000 per ounce, with potential to reach $3,500 if investment demand increases. Factors such as central bank reserve adjustments and retail investor interest are contributing to this bullish outlook.

Production and Reserves Update: While total gold reserves rose slightly by 1.4% in 2024, production declined by 8%. Analysts note that the increase in reserve life is mainly due to reduced annual production rather than significant new discoveries.

Class Action Lawsuit Announcement: Rosen Law Firm is reminding investors who purchased Newmont Corporation securities between February 22, 2024, and October 23, 2024, of the April 1, 2025 deadline to join a class action lawsuit for potential compensation without upfront costs.

Allegations Against Newmont: The lawsuit claims that Newmont misled investors with positive statements while concealing negative information about its gold production capabilities and operational costs, leading to investor damages when the truth was revealed.

Class Action Notice: The Gross Law Firm is notifying shareholders of Newmont Corporation (NYSE: NEM) about a class action lawsuit due to disappointing financial results announced on October 23, 2024, which led to a significant drop in stock price.

Registration and Deadlines: Shareholders who purchased shares between February 22, 2024, and October 23, 2024, are encouraged to register for potential recovery by April 1, 2025, with no cost or obligation to participate.

Class Action Reminder: Rosen Law Firm is reminding investors who purchased Newmont Corporation securities between February 22, 2024, and October 23, 2024, of the April 1, 2025, deadline to apply as lead plaintiff in a class action lawsuit due to misleading statements made by the company.

Legal Representation Advice: The firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success and experience in representing investors globally.

Investor Alert: Faruq & Faruq, LLP is investigating potential claims against Newmont Corporation for alleged violations of federal securities laws, encouraging investors who suffered losses over $50,000 between February 22 and October 23, 2024, to contact them directly.

Class Action Deadline: Investors are reminded of the April 1, 2025 deadline to seek lead plaintiff status in a federal securities class action against Newmont, following a significant drop in stock price after the company disclosed disappointing production and increased costs.

Class Action Lawsuit Filed: A class action lawsuit has been initiated against Newmont Corporation for potential securities fraud and unlawful business practices, with investors encouraged to contact Pomerantz LLP by April 1, 2025, if they wish to be appointed as Lead Plaintiff.

Stock Price Decline: Following the announcement of disappointing financial results and increased operational costs on October 23, 2024, Newmont's stock price dropped by 14.7%, closing at $49.25 per share the next day.

Newmont Corporation Analysis: Newmont Corporation (NEM) has received a high rating of 68% using the Acquirer's Multiple Investor model, indicating it is considered a potential takeover target based on its fundamentals and valuation.

About Tobias Carlisle: Tobias Carlisle, an expert in deep value investing and author of several investment books, developed the Acquirer's Multiple strategy and founded Acquirer's Funds, focusing on identifying undervalued stocks.

Benzinga Stock Whisper Index Overview: Each week, Benzinga highlights five undervalued stocks using proprietary data and pattern recognition, focusing on companies like Applied Industrial Technologies, Wheaton Precious Metals, Newmont Corporation, Welltower Inc, and Deere & Company, which have shown strong interest from investors.

Stock Performance Insights: The report indicates that while some stocks like Applied Industrial and Deere & Company experienced declines recently, others such as Welltower and Newmont are performing well, with significant year-over-year gains and positive earnings reports, suggesting potential investment opportunities.

Newmont Corp Options Trading: Newmont Corp (NEM) experienced significant options trading with 54,110 contracts, particularly for the $48 strike call option expiring March 28, 2025, which saw 3,591 contracts traded.

Foot Locker Options Trading: Foot Locker, Inc. (FL) also had notable options activity with 23,777 contracts traded, especially for the $10 strike put option expiring January 15, 2027, where 10,006 contracts were exchanged.

Class Action Reminder: Rosen Law Firm is reminding investors who purchased Newmont Corporation securities between February 22, 2024, and October 23, 2024, of the April 1, 2025 deadline to apply as lead plaintiffs in a class action lawsuit due to misleading statements made by the company.

Legal Representation Importance: The firm emphasizes the importance of selecting experienced legal counsel for securities class actions, highlighting their own successful track record and the potential risks of choosing less qualified firms.