Newmont Corp
NEM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| sc@ | LOCK|h^C | LOCK|pZQgzBx |
Mined Commodities: Barrick Undervalued; Most Other Gold Miners Expensive on High Gold Prices
Demand from China has been the main driver of rising commodity prices in the past two decades. More recently, gold is close to historical highs on safe-haven demand. However, driven by weak China steel end-user demand and slower global growth, most other commodity prices have fallen.
