Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, January 10, 2020

Article Excerpt

NEWMONT CORP., $42.27, New York symbol NEM, remains a buy, for your long-term growth and as a hedge against inflation. The stock gives you exposure to the world’s largest gold miner now that Newmont has acquired Vancouver-based Goldcorp Inc. for $10 billion in cash and shares. The company recently changed its name from Newmont Goldcorp Corp. (the trading symbol is still “NEM”). The combined firm continues to streamline its operations and add value for investors. It has completed the sale of its 50% stake in Kalgoorlie Consolidated Gold Mines to Australia’s Northern Star Resources Limited. The sale price is $800 million. Investors benefit from the deal, which lets Newmont focus on its top-tier Tanami and Boddington mining complexes in Australia, in addition to its active exploration campaigns. The proceeds also go a long way toward funding the company’s recently announced $1 billion share repurchase program. Newmont is also rewarding investors by raising its quarterly dividend 78.6%. Starting with the April 2020 payment, you’ll receive…