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Newmont: Strong Buy Backed By $1 Billion In Free Cash Flow, New Global Gold Cycle
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Newmont has demonstrated strong cash generation with $1.6 billion in Q3 free cash flow, marking its fourth consecutive quarter above $1 billion. Despite trading below peers, the company is well-positioned with near-zero net debt and Tier 1 assets for the new global gold cycle. The author upgrades Newmont from Buy to Strong Buy due to its exceptional performance and attractive valuation.
Source: Seeking Alpha The copyright of this article belongs to the original author/organization.
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