Newmont Corporation (NYSE: NEM)
Gold has historically proven to be an attractive investment during periods of market volatility, and one of the best ways to invest in gold for maximum upside is by investing in “best of the best” gold stocks.
Newmont Corporation (NYSE: NEM), is one of the most respected gold mining companies in the world with operations on six continents.
From 52-week highs of $82.40, Newmont Corporation has corrected to current levels of around $65. Current levels seem attractive for accumulation for this 3.28% dividend yield stock.
Newmont has 96 million ounces of gold reserves, which gives the company multi-year production visibility. Further, the company expects to reduce the all-in-sustaining-cost (AISC) to $800 to $900 an ounce over the next few years.
In addition, the company has 91% of its assets in the Americas and Australia, regions with low geopolitical risk.