Monday, 27 March 2023

Business News

Newmont stock still worth buying as gold shines again, Barron’s says – TipRanks Financial Blog

It’s taken a while, but gold miner Newmont has finally started doing what Barron’s thought it would-and it isn’t too late to buy, Jacob Sonenshine writes in this week’s edition of the magazine. Despite Newmont’s recent rally, the stock still looks cheap. It trades at 6.7 times enterprise value to Ebitda, below its five-year average of nine times, the author notes. Reference Link

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