Newmont Stock Gained 4% Last Week. Can the Stock Rally Past $150?
Newmont Corporation's stock gained over 4% last week amidst geopolitical tensions driving a "Fear Trade" into gold, with bullion prices surging. TIKR's Advanced Valuation Model suggests a price target of $153, indicating a potential upside of 28.8% due to the company's strong free cash flow generation and operational milestones like the Ahafo North project. The article highlights Newmont as a "Double Hedge" offering protection against market volatility and growth from its internal projects.
https://www.tikr.com/blog/newmont-stock-gained-4-last-week-can-the-rally-reach-153