Balanced Portfolio - Buy 3% Newmont Corp
Date: 04/04/2024
*** GENERAL AVICE ONLY***
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world’s largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
The Newmont Corporation bought ASX listed Newcrest mining back in November 2023
Newmont has approximately 31,600 employees and contractors worldwide, and is the only gold company in the Standard & Poor’s 500 stock market index.
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world’s largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
The Newmont Corporation bought ASX listed Newcrest mining back in November 2023
Newmont has approximately 31,600 employees and contractors worldwide,
*** Rationale ***
With the store of value trade now being confirmed by a rally in fringe metals like Silver, we are confident that Gold will continue higher. Newmont has 30% copper in addition to gold mining activities and with a globally diversified business, we see less operational risk and currency exposure.
There is an added advantage of Newmont being the only gold company in the Standard & Poor’s 500 stock market index.
Total Portfolio Allocation: Total Allocation 3%
Entry: <$57.50 | Target: $70 | Stop: $45
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.