Gabelli Sees Newmont Cash Flow Supporting Shareholder Returns
Gabelli’s second-quarter letter points to Newmont’s cash generation, share repurchases and dividends as key parts of its positive outlook.
Gabelli Investment Management’s Value 25 Fund highlighted Newmont in its second-quarter 2026 investor letter, citing free cash flow and shareholder returns. At 16:51 UTC on Sept. 30, Newmont traded at $116.31, down 0.67% since the previous close.
The fund said Newmont is generating substantial free cash flow and using it to repurchase shares and pay dividends. Gabelli expects the stock to rise in value as cash flow grows and buybacks accelerate.
The letter described Newmont as the world’s largest gold miner, with production of nearly 6 million ounces a year. It also said the company’s byproduct costs per ounce are among the lowest in the industry, supporting significant profit margins in the current gold-price environment.
The source article reported a one-month share return of minus 7.18% and a 52-week range of $76.05 to $135.29. Newmont closed at about $117.09 on Sept. 29, according to the article.
The Value 25 Fund’s Class I shares gained 7.16% in the second quarter, compared with a 15.20% rise for the S&P 500. Its one-year return was 26.11%, versus 22.32% for the index.
This article was produced with the help of AI technology.
Source: Yahoo Finance
