No introductions are needed here with NEM replacing Newcrest Mining (NCM) on the 24th of October, i.e. takeovers are another reason we see new companies exit and enter the ASX200. Newmont is the world’s largest gold producer trading in the US under the code (NEM US); the ~$70bn goliath snapped up our own NCM this year, offering some cheer to investors like ourselves who we’re long NCM.
- We like NEM into 2024 but prefer Evolution (EVN) and Northern Star (NST), who reside in our Active Growth Portfolio.
MM is bullish on NEM into 2024
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