Tap into rising gold prices with Newmont

Article Excerpt

Gold has shot up nearly 50% in the past year to just under $3,000 an ounce. The metal could move even higher if the Trump administration imposes new tariffs, which could fuel inflation. We feel the best way for investors to add gold exposure is with high-quality producers like Newmont. NEWMONT CORP. $44 is a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 1.13 billion; Market cap: $49.7 billion; Price-to-sales ratio: 2.6; Dividend yield: 2.3%; TSINetwork Rating: Average; www.newmont.com) is the world’s largest gold mining company with major operations in North America, South America, Australia and Africa. In addition to gold, it also produces copper, silver, lead and zinc. As of December 31, 2024, Newmont’s proven and probable gold reserves totalled 134.1 million ounces. In 2024, gold accounted for 84% of revenue, followed by copper (7%), silver (4%), zinc (3%) and lead (2%). The company also gets about 90% of…