PQUS0.190%
as of Oct 23
NEM
DefensiveNEWMONT CORP
Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals. It has operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada.
Close · 3M
+1.30%
Held by 2 AI ETFs
PQNT0.060%
as of Oct 23
Signal performance
Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.
Buy signals12
Win rate25% (3/12)
Avg buy return-5.13%
PQUS · Weight increase · 2d
weight 0.300% → 0.320% (+0.020 pp)·stock up 38.9% in the 30 days before
Aug 23·entry $131.84·now $108.87Fresh
-17.42%
since Aug 23
PQUS · Weight increase · 2d
weight 0.250% → 0.290% (+0.040 pp)·stock up 19.2% in the 30 days before
Aug 8·entry $117.26·now $108.87Fresh
-7.16%
since Aug 8
PQUS · Weight decrease · 2d
weight 0.250% → 0.230% (-0.020 pp)·stock down 10.4% in the 30 days before
Jun 26·entry $96.13·now $108.87
+13.25%
since Jun 26
PQUS · Weight increase · 2d
weight 0.240% → 0.260% (+0.020 pp)·stock down 1.2% in the 30 days before
Jun 18·entry $103.79·now $108.87Drifting
+4.89%
since Jun 18
PQUS · Weight decrease · 2d
weight 0.340% → 0.250% (-0.090 pp)·stock down 3.1% in the 30 days before
May 22·entry $107.64·now $108.87
+1.14%
since May 22
PQUS · Weight decrease · 2d
weight 0.380% → 0.340% (-0.040 pp)·stock down 3.8% in the 30 days before
May 17·entry $109.85·now $108.87
-0.89%
since May 17
AMOM · Exit · 1d
weight 2.230% → 0 (exited)·stock down 11.4% in the 30 days before
Jul 2·entry $97.04·now $108.87
+12.19%
since Jul 2
AMOM · Weight decrease · 2d
weight 2.310% → 2.130% (-0.180 pp)·stock down 14.9% in the 30 days before
Jun 30·entry $93.40·now $108.87
+16.56%
since Jun 30
AMOM · Weight decrease · 2d
weight 2.330% → 2.200% (-0.130 pp)·stock down 14.6% in the 30 days before
Jun 25·entry $95.35·now $108.87
+14.18%
since Jun 25
AMOM · Weight decrease · 3d
weight 2.590% → 2.310% (-0.280 pp)·stock down 5.2% in the 30 days before
Jun 22·entry $101.80·now $108.87
+6.94%
since Jun 22
AMOM · Weight decrease · 2d
weight 2.590% → 2.410% (-0.180 pp)·stock down 1.2% in the 30 days before
Jun 18·entry $103.79·now $108.87
+4.89%
since Jun 18
AMOM · Weight increase · 3d
weight 2.400% → 2.590% (+0.190 pp)·stock down 0.6% in the 30 days before
Jun 16·entry $108.44·now $108.87Fresh
+0.40%
since Jun 16
AMOM · Weight increase · 2d
weight 2.400% → 2.480% (+0.080 pp)·stock down 9.1% in the 30 days before
Jun 15·entry $105.80·now $108.87Drifting
+2.90%
since Jun 15
AMOM · Weight decrease · 2d
weight 2.580% → 2.460% (-0.120 pp)·stock down 12.8% in the 30 days before
Jun 8·entry $98.99·now $108.87
+9.98%
since Jun 8
AMOM · Sudden change · 1d
weight 1.990% → 2.610% (+0.620 pp)·stock up 0.8% in the 30 days before
Jun 2·entry $109.50·now $108.87
-0.58%
since Jun 2
AMOM · Weight increase · 2d
weight 2.010% → 2.050% (+0.040 pp)·stock up 2.0% in the 30 days before
May 29·entry $109.81·now $108.87Fresh
-0.86%
since May 29
AMOM · Weight decrease · 3d
weight 2.300% → 2.120% (-0.180 pp)·stock down 3.8% in the 30 days before
May 15·entry $109.06·now $108.87
-0.17%
since May 15
-6.41%
since May 14
-8.48%
since May 13
-9.04%
since May 12
-9.78%
since May 11
-6.56%
since May 8
AMOM · Weight increase · 2d
stock down 3.9% in the 30 days before
May 7·entry $113.49·now $108.87Fresh
-4.07%
since May 7
+0.50%
since May 4
Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.
Buffett-style framework
Too hard to callas of Aug 9
Several AI ETFs, including PQUS, QRFT, and PQNT, currently hold Newmont, with PQUS showing a recent trend of increasing its weight in the company. This AI accumulation contrasts sharply with the framework's 'Too Hard' verdict, which finds the company's earnings power too unpredictable due to its commodity price exposure for reliable long-term analysis.
- Circle of CompetenceAs a gold producer, Newmont's unit economics are primarily exposed to unpredictable commodity prices, making ten-year cash flow projections unreliable within the framework's circle of competence.
- Economic MoatThis stage cannot be meaningfully assessed as the business is deemed too hard to predict due to commodity price volatility.
- ManagementThis stage cannot be meaningfully assessed as the business is deemed too hard to predict due to commodity price volatility.
- Financial HealthThis stage cannot be meaningfully assessed as the business is deemed too hard to predict due to commodity price volatility.
- Margin of SafetyA margin of safety cannot be determined since reliable intrinsic value cannot be estimated for a business with unpredictable cash flows.
Newmont Corp operates in the gold mining industry, which is highly susceptible to volatile commodity prices, making its long-term earning power genuinely unpredictable. Consequently, applying a Buffett-style framework leads to a 'Too Hard' verdict, as it fails the essential circle of competence test. This prevents further analysis of its moat, management, financials, or margin of safety, deeming it unsuitable for this investment approach.
Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.