NEM:NYSENewmont Corporation Analysis

Newmont (NEM) trades around $105, just above its technical support of $104 and below a 30‑day SMA crossover (20‑day SMA $112.95 > 50‑day SMA $111.37), suggesting a short‑term bottom with a bullish bias. Momentum indicators are mixed – RSI sits at 40 (neutral) while MACD remains bearish, and volatility is elevated at ~55% annualized, implying price swings may continue. Fundamentally, the stock appears deeply undervalued with a DCF fair value of $328 and a 37% upside to the current price, a low forward PE of 9.3, strong revenue growth of 45.8%, and record free cash flow that funded a $6 billion share‑repurchase program. The dividend yield of 0.99% is supported by a modest 13% payout ratio and robust cash generation, reinforcing sustainability. Analyst sentiment is broadly positive (Buy consensus, median target $147), and the market sentiment index shows “Extreme Greed,” indicating strong investor appetite for gold exposures.