A person who helps people decide which stocks to buy or sell made some changes to their ideas about a company called Newmont, making it worth less according to them. Another company called Compass Minerals picked a new boss named Edward Dowling. A third company called Universal Stainless will tell everyone how they are doing soon. Lastly, Argentina is finding more and more of a special rock called lithium that is used in batteries for things like phones and cars. Read from source...
- The title is misleading as it suggests that Argentina's lithium production is the main topic of the article. However, it only takes up a small part of the text and is not well-supported by facts or data.
- Newmont Corporation (NYSE: NEM) is a gold mining company that has been affected by the recent decline in gold prices. The analyst downgrade of the target price from $62 to $59 indicates that the market expects lower earnings for the company in the short term. However, Newmont has a strong balance sheet and a diversified portfolio of assets that could help it weather the storm and benefit from the long-term growth potential of the gold industry. The risk is that the company may face increased operational challenges due to the COVID-19 pandemic and geopolitical tensions, which could impact its production and costs. A possible investment recommendation for Newmont would be to buy on dips below $50, as it offers a attractive valuation and dividend yield of about 2.5%.