Posts  / #POST-210011
REDDIT

NEM - Newmont Gold

V
May 12, 2025 · 20:02

This is a stock I fancy and I bring it to your attention. All the bears on this sub might like it. But there's reasons for bulls to like it too.

OK so currently pe around 11.5. Debt to asset 0.16. Some debt but nothing too much for a company it's size. 2% dividend.

They're huge. World's largest gold miner. Mines all over the earth. But they also mine copper. They produced 300 million pounds of copper last year. They have a **30 billion pounds** copper reserve.

So for you bears: as chaos roams the planet and people seek safety the price of gold goes up. As the anticipated weakening of the dollar kicks in the price of gold goes up. And who's got the gold? **NEM**

But for you bulls say the global economy does just fine. Industry churns along great. So it needs lots of copper for all it's electronics right? So who's got lots of copper? **NEM**

And the financials are *sound*.