🌟🌟🌟Newmont
$Newmont Mining(NEM)$ truly earns its title as the world's largest gold miner, not just by market cap but by the sheer breath of its global footprint. Its operations stretch across North America, South America, Australia, Africa and Papua New Guinea, forming a network of tier one assets that few miners can match.
When Gold rises, Newmont moves upwards too. Earnings have surged triple digits. The stock has climbed more than 150% in a year. Yet analysts still say it trades far below its fair value which is at 33% discount.
Despite its success Newmont only pays a dividend yield of 0.55% This tells you 2 things: Management is conserving cash in a Capex heavy period and positioning for long term reinvestment, not short term yield.
However for those investors who want operational leverage to rising Gold prices, Newmont remains one of the best gold miners to invest in.
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