Loading ...Ipso – I thought that interesting that the folks from E. Berlin voted AFD and West didn’t, as well. Just goes to show how powerful the propaganda has been over the last several decades in Germany. They are a mess. Their people like being dependent slaves. Pretty much the same all over Europe with the exception of Hungary and Poland.
deer79 – I think you too kind to their investor relations folks. Here’s what happened today. 4 different analysts all on the same day:
Goldman Sachs Adjusts Price Target on Newmont to $48.60 From $47.20, Maintains
Jefferies Adjusts Price Target on Newmont to $57 From $55
Raymond James Adjusts Newmont’s Price Target to $53 From $58
Macquarie Adjusts Price Target on Newmont to $54 From $55, Keeps Outperform Rating
So you actually have two brokerages downgrading their price targets. Make sense of that for me. If you extrapolate their earnings out over the next four quarter, they are trading at an 8 PE right now. That’s just absurd with a rising gold price.
Volume is pretty decent today, but these brokerages conspire to keep the prices low on NEM. It should be trading on forward earnings. I don’t know what the historic PE is for them but I would bet it’s not 8. They need to raise their dividend to $4 a share or have a floating dividend of 80% of their earnings. Maybe then they’ll get some attention.