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Newmont Corporation (NEM): A Bull Case Theory

We came across a bullish thesis on Newmont Corporation (NEM) on Business Model Mastery’s Substack. In this article, we will summarize the bulls’ thesis on NEM. Newmont Corporation (NEM)'s share was trading at $52.72 as of 30th May. NEM’s trailing and forward P/E were 12.01 and 8.41 respectively according to Yahoo Finance.

A global gold powerhouse, this miner delivered 7 million ounces of gold production at an average realized price of $2,408/oz in 2024, while maintaining industry-leading cost discipline with all-in costs of just $1,126/oz. This translated into an impressive...