IAU

What Is Gold Really Worth?

by

“What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As ‘bandwagon’ investors join any party, they create their own truth – for a while.” — Warren Buffett (2011 annual letter to shareholders) Image: Gold prices have surged since 2020, and they recently hit an all-time high. Image Source: TradingView By Brian Nelson, CFA Stocks have quite a few variables that can affect their intrinsic value estimate, but what about gold’s intrinsic value? Does gold even have value? And if so, how … Read more

Valuentum Weekly: Outsized Energy Exposure Continues to Buoy Newsletter Portfolios

by

Image: Light crude oil futures once traded for roughly -$40 (negative $40) during the COVID-19 crisis, but have now rocketed to more than $120 in recent trading. Image Source: TradingView. This note was emailed to members Sunday, March 6, 2022. Markets   The S&P 500, as measured by the SPY, is down 9% year-to-date, a modest pullback, in our view, particularly in light of the fantastic performance the past few years. Though not necessarily welcome, a down year every now and then for the broader market indexes and a modest bear market can only be expected, at times. The Dow Jones Industrial Average, as measured by the DIA, is down more than 7% year-to-date (not too bad), while the Nasdaq–as measured by the … Read more

Favorite Miner Newmont Shines Bright

by

Image Source: Newmont Corporation – June 2021 IR Presentation By Callum Turcan On January 13, 2020, we added shares of Newmont Corporation (NEM) as an idea to the Dividend Growth Newsletter portfolio (link here). The gold miner has a top-notch asset base located in favorable mining jurisdictions with ample reserves to maintain and potentially grow its production base over the coming years. Other than gold, Newmont also produces silver, lead, copper, and zinc. Newmont Shines Bright as Stellar Income Growth Idea When Newmont joined the Dividend Growth Newsletter portfolio its quarterly dividend stood at $0.14 per share, though management had communicated on January 6, 2020, that Newmont was set to increase its quarterly payout up to $0.25 per share starting … Read more

Newmont Doubles Down on the “Golden Triangle”

by

Image Shown: Newmont Corporation has an impressive project pipeline that will help ensure the gold miner’s production levels stay healthy over the decades to come, underpinning its promising long-term cash flow trajectory. We continue to like Newmont as an idea in the Dividend Growth Newsletter portfolio. Image Source: Newmont Corporation – March 2021 IR Presentation By Callum Turcan We include gold miner Newmont Corporation (NEM) as an idea in the Dividend Growth Newsletter portfolio. It is looking quite likely that the White House will soon sign a massive emergency spending package into law after the bill recently passed the Senate and House of Representatives. This emergency spending legislation aims to tackle the coronavirus (‘COVID-19’) pandemic by providing various health care … Read more

Gold Miner Newmont Continues to Shine

by

Image Source: Newmont Corporation – First Quarter of 2020 Earnings IR Presentation By Callum Turcan On May 5, the gold miner Newmont Corporation (NEM) reported first quarter 2020 earnings that missed both consensus top- and bottom-line estimates which prompted shares to sell off modestly during the normal trading session that day, though shares of NEM have been on an epic bull run since the start of 2020. We continue to like Newmont as an idea in our Dividend Growth Newsletter portfolio with shares of NEM up ~48% as of this writing since joining the portfolio on January 13, 2020 (link here), before taking dividend considerations into account, while the S&P 500 (SPY) is down ~13% during this period before taking … Read more

Newmont Updates Investors Ahead of Earnings

by

Image Source: Newmont Corporation – January 2020 IR Presentation By Callum Turcan Back on January 13 (link here), we added Newmont Corporation (NEM) to our Dividend Growth Newsletter portfolio with a modest weighting as part of our shift towards more defensive names in light of rising exogenous headwinds to global economic activity. Some important considerations include Newmont increasing its quarterly payout to $0.25 per share from $0.14 per share, which is expected to be declared at the level in April 2020 (the fourth quarter of 2019 dividend, as management puts it, will be paid out in March 2020 at $0.14 per share). As of this writing, Newmont would yield ~2.2% at the new annualized dividend rate. We like Newmont’s dividend … Read more

What About Gold?

by

A version of this note was emailed to members August 8, 2019. Please contact us at info@valuentum.com if you are not receiving our emails. What About Gold? By Brian Nelson, CFA Hi everyone, Hope you are having a great day! I wanted to thank you so much for being here. I’m so appreciative of your interest and attention, and for making Valuentum what it is — we are making a huge difference for investors, and it’s all because of your support! Don’t forget to leave a review of Value Trap. Even a couple sentences mean a lot! For those new members that are just getting familiar with our offerings, with the basic premium membership, we offer two newsletters and access to … Read more

Our Reports on Stocks in the Gold Mining Industry

by

Images Source: Newmont Mining Structure of the Gold Mining Industry Gold miners are tied to the world price of gold, which depends on a number of demand drivers: industrial and jewelry; gold as an investment; central bank activity; inflation expectations; and speculative trading. If realized prices on the yellow metal fall and remain at low levels, mining profitability would be significantly impaired. Industry constituents must constantly seek to replace reserves depleted by production via new exploration, which remains a speculative activity. Unexpected project cost overruns remain another key risk. In general, we’re not huge fans of the volatile fundamentals of the gold mining sector. Several companies previously in this group have been reassigned to the Diversified Mining Industry here. << … Read more

Dividend Growth Idea Newmont Surging Higher

by

Image Shown: Shares of dividend growth idea Newmont Corporation have surged higher since January 2020. By Callum Turcan Rising geopolitical tensions have pushed COMEX gold prices to the $1,900-$2,000 per troy ounce range as of this writing in late March 2022. We added the gold miner Newmont Corporation (NEM) to the Dividend Growth Newsletter portfolio back in January 2020 (link here) to gain modest exposure to the gold industry. Shares of NEM are trading near the high end of our fair value estimate range of $78 per share as of this writing after surging ~31% over the past year. Newmont has a variable dividend policy that includes a base and variable payout. Shares of NEM yield ~2.8% on a trailing … Read more

Valuentum’s ETF Reports

by

Image Source: GotCredit Welcome to Valuentum’s ETF coverage. If you’re new to the site, please be sure to access the stock reports and dividend reports as part of your membership. If you are looking for the archives to the Best Ideas Newsletter, they can be found here. The Dividend Growth Newsletter archives can be found here. The Exclusive and High Yield Dividend Newsletter have their own website with archives, the latter coming soon. To learn more about Valuentum’s ETF reports, please see  here . To request a report of an ETF we do not currently cover, please contact us. To access the relevant Valuentum reports for each major ETF category, please click on the respective link, “Click Here to Access Valuentum Report.” The links … Read more