Buy Newmont for future gold gains

Article Excerpt

Newmont Corp. offers you a great way to prosper from the likely rise of precious metal prices—even amid lingering coronavirus uncertainty. That economic volatility should, in fact, boost demand for gold as an investment, especially if huge government stimulus spending globally spurs inflation and sends investors seeking gold as a “store of value.” Newmont is now trading near all-time highs for our subscribers, but we think the stock has lots of room to move even higher. It’s a buy. NEWMONT CORP. $72.70, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 801.2 million; Market cap: $59.3 billion; TSINetwork Rating: Average; Dividend yield: 3.0%; www.newmont.com) became the world’s largest gold producer in 2019 when it acquired rival gold producer Goldcorp Inc. for $10.0 billion. Newmont continues to expand its production following COVID-19 disruptions in early 2020. As a result, it expects to produce 6.5 million ounces of gold in 2021. That’s up…