Stay on top of your stocks with our updates: Newmont, Cenovus and IBM

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NEWMONT CORP., $39.13, 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: $43.4 billion; TSINetwork Rating: Average; Dividend yield: 2.6%; www.newmont.com) continues to make progress with its plan to sell six of its less-important mines. After those sales, it will focus on its 10 top-tier mines in North America, South America, Australia, Papua New Guinea and Ghana. Under that plan, Newmont has agreed to sell its Cripple Creek & Victor mine in Colorado to SSR Mining Inc. (Toronto symbol SSRM). The company will receive $100 million when it completes the sale in the first quarter of 2025. It could also receive an additional $175 million in future cash payments. So far, Newmont has agreed to sell $3.9 billion worth of assets. Those proceeds will help fund the company’s plan to buy back $3 billion worth of its shares through October 2026. Thanks to rising gold prices and production, Newmont’s earnings likely…