RBC Capital Says Newmont (NEM) Trades at a Premium Valuation Among Gold Equities
According to RBC Capital Markets, Newmont Corporation (NYSE:NEM) is trading at a premium valuation relative to its peers. The company reported strong first-quarter results with adjusted earnings of $2.90 per share and benefited from record gold prices averaging $4,900 per ounce.
Tickers: $NEM
Topics: buyback program gold Newmont earnings valuation analysis