Newmont Corp
NEM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| x! | LOCK|>@t | LOCK|<rMW!@# |
Our Coverage of Miners Is Expensive Despite Increasing Our Near-Term Gold Price Assumptions
The gold bull market continues. Now around USD 3,850 per ounce, gold is up 47% so far in 2025 and near historical highs. Safe-haven buying is a major driver, led by strong ETF and central bank purchases, with ongoing US fiscal deficits, a weaker US dollar, and lower real interest rates assisting.
