While gold prices have soared recently, gold mining stocks have lagged. Newmont Corp 
NEM, the world's largest gold mining corporation, may be undervalued if the miners take off to catch up to the gold demand/price. Currently sitting near $48.00 and at a historical moving average that it will need to break to show a true trend reversal, NEM is in a personal buy zone. Now, the price may break down at the simple moving average and test the patience of shareholders, but the long game may benefit those who can tolerate the volatility.
Target #1 = $57.00
Target #2 = $71.00
NEM, the world's largest gold mining corporation, may be undervalued if the miners take off to catch up to the gold demand/price. Currently sitting near $48.00 and at a historical moving average that it will need to break to show a true trend reversal, NEM is in a personal buy zone. Now, the price may break down at the simple moving average and test the patience of shareholders, but the long game may benefit those who can tolerate the volatility. Target #1 = $57.00
Target #2 = $71.00
Note
Target # reached for an 18.8% gain.Trade active
Target #1 reached for an 18.8% gain.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.