Our updates for safety-conscious investors: Newmont, Power Corp. and BCE

Article Excerpt

NEWMONT CORP., $43.85, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 1.1 billion; Market cap: $48.2 billion; TSINetwork Rating: Average; Dividend yield: 2.3%; www.newmont.com) reports that in 2024, gold accounted for 84% of its revenue, followed by copper (7%), silver (4%), zinc (3%) and lead (2%). It also gets about 90% of its production from politically stable countries, which cuts your risk. Newmont is now focused on a new strategy that will see it concentrate on its 10 top-tier mines in North America, South America, Australia, Papua New Guinea and Ghana (Africa). As a result, the company in 2024 sold (or agreed to sell) several less-important properties for a total of $4.3 billion. Investors can expect Newmont to continue using some of that cash to buy back shares as well as pay down its long-term debt. Given rising gold prices as well as production, earnings should move up 7% in 2025 to $3.72 a..