Newmont Corporation and Coeur Mining face significant stock declines amidst high interest rates and geopolitical tensions, with Newmont's shares dropping over 22% since the start of the Iran war. While earnings growth is projected across the mining sector, macroeconomic pressures are squeezing margins, leading to diminished investor confidence in gold and silver as safe havens. The current climate is pushing ETF outflows and increasing operating costs, particularly for high-cost producers, while more resilient royalty and streaming companies are better positioned to weather these challenges.
“The increases in speculative demand suggest that silver and particularly gold are prone to a broad-based sell-off, so the idea that they will be a near-term safe haven is questionable.”
“The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Newmont wasn’t one of them.”
“Newmont Corporation (NYSE: NEM), the world's largest gold producer, offers direct equity in proven miners with strong reserves and production growth.”
“Trading at attractive valuations post the gold pullback, it benefits from cost efficiencies and dividends yielding about 1%.”
“Newmont is a pick for blending income with gold's safe-haven role in uncertain fiscal times.”
“Before you buy stock in Newmont, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Newmont wasn’t one of them.”
“the long-term case for both metals remains attractive. However, now may not be the best time to jump in. 10 stocks we like better than Newmont”
“Gold miners Coeur Mining (CDE) and Newmont (NEM) are down 37% and 21%, respectively, this month. Their stocks have followed the path of metals prices: Gold has fallen about 14% since the war began despite its reputation as a safe haven asset.”
“Their stocks have followed the path of metals prices: Gold has fallen about 14% since the war began despite its reputation as a safe haven asset.”
“Higher interest rates can sap demand for gold, which offers its owners no yield, unlike bonds or dividend-paying stocks.”
“Shares of Newmont Mining (NYSE: NEM) rose 4.5% at their highest point in trading on Friday, through 2 p.m. ET, logging 6% gains for the week.”
“As the world's largest gold mining company, Newmont caught the gold price rally tailwind on Friday.”
