RY 161.29 0.8315% SHOP 116.7 1.6108% TD 83.65 0.553% ENB 61.82 1.2613% BN 68.755 0.8729% TRI 248.88 1.754% CNQ 38.22 0.6054% CP 103.1 0.4775% CNR 138.9 -0.0576% BMO 129.44 1.1013% BNS 65.52 0.7845% CSU 4654.3901 1.9582% CM 81.81 1.3755% MFC 40.37 1.0766% ATD 69.68 -0.9805% NGT 76.14 0.2106% TRP 67.93 2.0123% SU 46.68 0.4735% WCN 273.82 0.8397% L 206.99 -1.499%
Company Overview: Newmont Corporation (NYSE: NEM) is a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji and Ghana. Its operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM.
As per our previous US Inflation Report published on ‘NEM’ on 28th March 2025, Kalkine provided a ‘Buy’ stance on the stock at USD 48.39, based on “Newmont Corporation’s (NEM) robust fundamentals, significant production of 6.8 million gold ounces in 2024, a 106% surge in Adjusted EBITDA to USD8.7 billion, strong operational momentum with a record USD2.9 billion in Free Cash Flow, financial resilience from USD7.7 billion in total liquidity, strategic portfolio optimization through divestitures expected to yield up to USD4.3 billion, and a current valuation reflecting stability amidst a favourable gold price environment”, giving a return of 14.23%, attaining resistance 1 and moving towards resistance 2.
Current Macro and company specific rationales:
Noted below are the details of support and resistance levels provided in our previous report:
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