Forget the High-Beta Hype: 10 ‘Sleep Well at Night’ Stocks to Buy Now

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4. Newmont (NYSE:NEM)

Number of Hedge Fund Holders: 75

Market Cap: $125.65 billion

Beta: 0.53

Forward P/E: 12.18

Revenue Growth (YoY): 15.2%

5-Day Return: 13.41%

Newmont, the world’s largest gold producer, is converting scale into cash. In the third quarter it generated $1.9 billion of free cash flow, and adjusted earnings per share of $2.20 set a record for a third quarter. The company produced about 1.3 million attributable ounces of gold, and management says it remains on track to meet its full-year production guidance.

Its balance sheet has strengthened along the way. Newmont ended the quarter with $3.2 billion of net cash and ample total liquidity, even after funding development projects such as the second expansion at Tanami. Management expects higher-grade ore in the fourth quarter, and it has said attributable production could rise next year.

Per-share ownership keeps improving too. Since early 2024, Newmont has cut its share count by roughly 10%, which gives each remaining share a larger claim on the cash the portfolio produces. The board also declared another quarterly dividend, and the company points to a sustainable-through-the-cycle payout. Add a forward P/E in the low teens and a beta near 0.5, and the stock combines scale, cash generation and capital returns.

For more, check out our analysis on Newmont (NEM) here: Newmont (NEM) vs Barrick (B): Which is a Better Stock to Buy?

3. Corpay (NYSE:CPAY)

Number of Hedge Fund Holders: 53

Market Cap: $29.12 billion

Beta: 0.88

Forward P/E: 14.24

Revenue Growth (YoY): 17.86%

5-Day Return: 13.52%

Corpay is growing quickly in a business where payments move in the background of corporate life. Third-quarter revenue rose 18%, and organic growth of 11% extended a run of steady double-digit expansion. Adjusted earnings per share jumped to $7.54, ahead of what management had expected, and the company raised its full-year outlook to reflect the strong quarter.

The Corporate Payments segment is the engine. Its organic revenue growth accelerated, helped by strong results in spend management and cross-border payments, and the segment’s EBITDA margin was remarkably high because new revenue flows through at a high rate. In the U.K., management expects its spend management operation to exit the fourth quarter with more than $1 billion in annualized volume.

Capital allocation adds a second lever. Corpay generated about half a billion dollars of free cash flow in the quarter and repurchased shares for $747 million, so every remaining share captures more of the earnings. The company also says its portfolio transformation toward fewer, bigger businesses is progressing. Together with a forward P/E under 15, those buybacks add to the case for a compounding payments platform.

Read our latest analysis on Corpay (CPAY) here: Corpay (CPAY) Simplifies Its Business As Profits Take A Hit

2. Alamos Gold (NYSE:AGI)

Number of Hedge Fund Holders: 45

Market Cap: $13.32 billion

Beta: 0.59

Forward P/E: 11.77

Revenue Growth (YoY): 10.40%

5-Day Return: 15.96%

Alamos Gold is growing production at a high-quality asset base. In the third quarter, revenue rose 10% as the company sold more than 118,000 ounces of gold at a much higher realized price. The Island Gold District produced a record 68,700 ounces, with record underground mining and milling rates, and management expects fourth-quarter output of 140,000 to 160,000 ounces.

The balance sheet keeps getting cleaner. Alamos ended the quarter with $397 million of net cash and bought back a further portion of the legacy gold hedges it inherited in an acquisition. All of its sites generated positive free cash flow, and the company returned cash through its dividend and ongoing buybacks while it funds growth.

Growth is the longer story. The Island Gold expansion is a major project, and management still plans to roughly double production by the end of the decade, with Lynn Lake ramping up as well. Costs are expected to fall in the fourth quarter as underground grades and mining rates increase. A forward P/E in the low teens and a beta of about 0.6 make that growth plan relatively inexpensive to own.

Go further with our analysis on Alamos Gold (AGI) here: Alamos Gold (AGI) Plans to Double Production. Can Gold’s Windfall Become Lasting Cash Flow?

1. AngloGold Ashanti (NYSE:AU)

Number of Hedge Fund Holders: 31

Market Cap: $46.96 billion

Beta: 0.72

Forward P/E: 10.49

Revenue Growth (YoY): 8.36%

5-Day Return: 16.54%

AngloGold Ashanti is a cash-generation story with a long runway. In the third quarter, it produced $722 million of free cash flow, even as capital spending rose to fund growth and cash taxes increased with profits. EBITDA rose from a year earlier, and year-to-date free cash flow stayed strong despite those higher outlays.

Cash is flowing back to shareholders. The board declared an interim dividend of $361 million, and shareholders approved a $2 billion buyback program earlier in the year. The company ended the quarter with net cash of $1.26 billion and liquidity that provides ample headroom to fund its growth projects.

The growth plan is concrete. Management is building a large new production center in southern Nevada, with the North Bullfrog and Arthur gold projects advancing, and it is working on expansions at mines in Tanzania, Guinea, Egypt and Brazil. Full-year production and cost guidance was reaffirmed, and the company described its structure as one built for predictable operations and balance sheet resilience. With a forward P/E near the low end of this list and a beta below 0.75, the shares pair a generous payout with reinvestment in future ounces.

READ NEXT: Newmont (NEM) Faces Gold Above $4,500. Will Rising Costs Dilute the Windfall? and Barrick Mining (B) Has an IPO Catalyst. Newmont Corporation (NEM) Has the Cash. Which Gold Stock Wins?

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