Newmont to Repurchase up to $1 Billion of Stock - will up??

  • Last Updated:
  • Dec 2nd, 2019 3:56 pm
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Oct 14, 2015
1311 posts
swing123 wrote: will it mean that its stock will go up in next year??
Pros and cons of stock buyback at Investopedia.

As Newmont's production is 95% gold, and stock price is 60% positively correlated to price of gold, I'd say that whatever gold does will determine the rise and fall of Newmont price.