Balanced Portfolio
Relative Value switches in the Gold miners
Date: 08/11/2024
*** GENERAL ADVICE ONLY***
Our relative value in the gold miners sector is continuing to play out well with a 50% return in 28 weeks
During this time, the Gold Miners ETF has only added 22% (28% outperformance)
RE-BUY NEWMONT CORP NEM:ASX
Newmont Corporation presents a compelling investment opportunity, offering exposure to a world-class portfolio of gold and copper assets, led by an experienced management team, at an attractive valuation. The company is well-positioned to benefit from favorable precious and base metal price environments while maintaining a commitment to operational excellence, disciplined capital allocation, and shareholder returns. With its enhanced scale, synergy potential, and strategic positioning in key commodities, Newmont stands out as a top pick in the metals and mining sector.
Newmont vs Gold mining Peers
Re-Buy Newmont 7.5% cheaper than exit
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.