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Bullish Case: Newmont's focus on high-margin Tier 1 assets, and rising gold prices could increase profitability, while recent strategic refocusing may boost efficiency and shareholder returns.


Bearish Case: Persistent operational challenges, potential earnings miss for Q1 2024, and insider sales cast doubts on Newmont's near-term profitability, with recently lowered EPS estimates adding to concerns.


Potential Outcomes:

1. Q1 earnings meet revised expectations (55%); modest stock appreciation.

2. Earnings miss triggers sell-off (45%).

3. Divested assets enhance efficiency, share price rallies (40%).


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April 09, 2024


Newmont Forecast

NEM        Newmont
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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