"With the price of a single ounce of gold now currently hovering around $4,700 (right around its all-time high), the question of course is whether it's too late for investors to dive in. I'm of the view that this momentum rally is probably warranted. That's in part due to the underlying fundamentals of gold and its overall market capitalization relative to stocks (which is still low, despite its recent rally)."
"The company's diversified portfolio of mining operations span the globe, with the company operating in four continents. Importantly, the areas Newmont has identified as worthy of development are among the most mining-friendly jurisdictions in the world, with some of the most impressive long-life mines in the market. With a substantial pipeline of browned expansions and optimization projects that allow Newmont to add new low-cost ounces without raising its execution risk, this is a top option for investors looking to benefit from surging gold prices."
Gold prices have risen to around $4,700 per ounce, near all-time highs, supported by fundamentals and a still-small market capitalization relative to stocks. Historical analysis during the pandemic implied a theoretical fair value near $10,000 per ounce, suggesting substantial potential upside if those dynamics reassert. Three gold miners are highlighted as ways to capture further gains. Newmont, the world's largest gold miner, operates across four continents in mining-friendly jurisdictions, boasts long-life mines, and has a pipeline of brownfield expansions and optimization projects that add low-cost ounces while maintaining strong balance sheet and shareholder returns, and a forward P/E under 16.
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