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Posted by
Two Blokes Apr 20 -
Filed in
Stock
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Newmont Corporation (NEM) has surged 48% YTD, mirroring other big gold miners' shares, driven by rising gold prices amid macroeconomic uncertainty. Despite a projected 14% drop in production in 2025, NEM's EPS could still see marginal gains due to share buybacks and higher gold prices. NEM's forward P/E ratios remain below its five-year average, indicating potential for a 25-30% price increase if it reverts to historical multiples.
