I Was Wrong, But Newmont Is Still A Buy Newmont is rated Buy, downgraded from Strong Buy, as gold a...

I Was Wrong, But Newmont Is Still A Buy Newmont is rated Buy, downgraded from Strong Buy, as gold and mining stocks remain fundamentally supported despite recent headwinds. NEM's Q2 results showed lower realized gold prices and higher AISC, leading to annualized FCF and EBITDA estimates of ~$10.6B and $18B, below prior projections. Despite a hawkish Fed and higher oil prices, structural drivers like fiscal deficits and long-term rates support gold's resilience and NEM's investment case.