EXCLUSIVE: Value Investor Is ‘Very Happy To Take Advantage’ Of Top Gold Miner At Historical Discount
From Nasdaq:
Value investors are turning to mining stocks as metal commodity prices outpace the valuation of mining companies. Gold trading above $2,000 per ounce while gold stocks are discounted 50-80%, creating opportunities for investors. Newmont Corp. (NEM) stands out as its stock price dropped 60% despite a 10% rise in gold prices. With improved financial health of larger mining firms, the industry is facing supply constraints, potentially inflating precious metal prices.ETFs holding Newmont Corp. include iShares MSCI Global Gold Miners ETF, VanEck Gold Miners ETF, and Sprott Gold Miners ETF.
Read more: EXCLUSIVE: Value Investor Is ‘Very Happy To Take Advantage’ Of Top Gold Miner At Historical Discount