Valuentum Exclusive Analysis for the Discerning Investor

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Oct 30, 2020

Newmont Posts a Stellar Earnings Report, Raises Dividend
Image Shown: An overview of Newmont Corporation’s recent accomplishments. Image Source: Newmont Corporation – Third Quarter of 2020 IR Earnings Presentation. Shares of Newmont Corp are included in the Dividend Growth Newsletter portfolio because we view its long-term dividend growth trajectory quite favorably, and the gold miner has not disappointed. At the start of 2020, Newmont significantly increased its quarterly dividend. Due to a combination of its enlarged dividend, very promising growth outlook, sizable expected synergies from its 2019 acquisition of Goldcorp, and its stellar cash flow profile, we added shares of NEM as a holding to our Dividend Growth Newsletter portfolio on January 13, 2020.

Sep 11, 2020

Our Thoughts on Newmont’s Bright Outlook
Image Shown: Newmont Corporation’s gold reserves are extensive and should support the gold miner’s ability to generate meaningful cash flows over the years and decades to come. Image Source: Newmont Corporation – August 2020 IR Presentation. As of this writing, shares of NEM yield ~1.5% on a forward-looking basis, and we view its forward-looking dividend coverage as rock-solid given Newmont has a Dividend Cushion ratio of 3.2, earning the firm an “EXCELLENT” Dividend Safety rating. In our view, Newmont offers investors a combination of income growth and capital appreciation upside, and we continue to like Newmont as a holding with a modest weighting in our Dividend Growth Newsletter portfolio. Our Dividend Cushion ratio and Dividend Safety rating factors in our expectations that Newmont will steadily grow its per share dividend over the coming years.

Aug 7, 2020

Newmont Surges Higher, Posts Solid Earnings Report
Image Shown: Newmont Corporation’s operational and financial performance has held up well in the face of the pandemic, relatively speaking. Image Source: Newmont Corporation – Second Quarter of 2020 IR Earnings Presentation. We continue to like shares of Newmont as a holding in the Dividend Growth Newsletter portfolio, and given the impressive strength seen with gold prices this year, the company’s outlook is quite bright. If Newmont continues to allow cash to build up on its balance sheet, its ability to push through meaningful per-share dividend increases would improve significantly. Newmont remains our favorite miner.

Jul 8, 2020

Freeport-McMoRan’s Outlook Improves Considerably
Image Source: Freeport-McMoRan Inc – February 2020 IR Presentation. Global copper, gold, and molybdenum miner Freeport-McMoRan Inc suspended its quarterly common dividend in March 2020 and provided a revised outlook for the full-year in April 2020 due to the coronavirus (‘COVID-19’) pandemic hampering both commodity prices and its operational performance. One of those hurdles involved the Peruvian government imposing restrictions on its Cerro Verde mine in March 2020 (as part of COVID-19 containment efforts), a copper mine that Freeport-McMoRan owns a ~54% stake in. Another hurdle involved the collapse in commodity prices earlier this year (though gold prices have held up quite well in 2020). First, let us provide some background before highlighting why Freeport-McMoRan’s outlook has recently improved considerably.

Jun 4, 2020

BHP Benefiting from an Industrial Rebound in China
Image Source: BHP Group – Fiscal 2019 Annual Report. In recent months, iron ore futures prices have surged higher due to an ongoing recovery in China’s industrial sector and supply concerns in Brazil, which has culminated into the Dalian Commodity Exchange’s September 2020 iron ore deliveries hitting a record high since the futures contract was first launched in 2013. Pivoting to copper, three-month copper futures prices based on trading activity on the London Metals Exchange have also perked up on the back of an apparent recovery in Chinese economic activity. Rising metals prices bodes well for major and minor miners around the globe, including BHP Group.

May 21, 2020

Southern Copper’s Payout Is Not That Healthy
Image Shown: An overview of Southern Copper’s core operations in Mexico and Peru. Image Source: Southern Copper Corporation – May 2019 IR Presentation. Copper (symbol Cu, atomic number 29) is an essential building block of modern civilization as it is used as a conductor for heat and electricity. Electrical components, utility-scale electrical transmission systems, residential and commercial heating appliances, electric vehicles, and much more all rely on copper products (electromagnets, heat exchangers, heat sinks, integrated circuits, printed circuits, copper wiring, and copper fittings are all examples of products that contain copper). The largest consumer of copper is China, accounting for roughly half of global demand making the Middle Kingdom an essential part of the copper supply chain. On the other end of the supply chain, it’s companies like Southern Copper Corp that develop and operate the copper mines in major producing regions that enable global supply to meet demand. Copper plays an essential role in the transportation, industrial, consumer goods, utilities, and construction industries/sectors. The pace of construction activity in China has an outsize impact on global copper prices.

Mar 13, 2020

Dividend Increases/Decreases for the Week Ending March 13
Let's take a look at companies that raised/lowered their dividend this week.

Sep 28, 2018

Dividend Increases/Decreases for the Week Ending September 28
Let's take a look at companies that raised/lowered their dividend this week.

Mar 9, 2018

Dividend Increases/Decreases for the Week Ending March 9
Let's take a look at companies that raised/lowered their dividend this week.

Mar 13, 2017

Dividend Increases/Decreases for the Week Ending March 10
Let's take a look at companies raising/lowering their dividends this week.