Newmont and Two Other Gold Stocks Shine Amid Inflation Worries

Newmont and two other gold stocks are gaining attention as investors seek safe-haven assets due to ongoing inflation concerns. When inflation worries persist, many look for high-quality gold-related stocks with robust balance sheets and low production costs. The Simply Wall St screener has identified three such stocks, including Newmont (NEM), Agnico Eagle Mines (AEM), and Coeur Mining (CDE).

Newmont is a global gold producer with large-scale mines in the Americas, Africa, Australia, and Papua New Guinea. Its diversified portfolio of assets includes Nevada Gold Mines, Peñasquito, Boddington, Yanacocha, Lihir, Cadia, and Ahafo South. Newmont's operations are backed by reported profit margins of around 33.4% and a P/E ratio below both the US market and broader metals and mining peers.

Agnico Eagle Mines is another long-established gold mining company with a portfolio of low-cost mines in Canada, Australia, Finland, and Mexico. Its revenue is generated from large Canadian mines, including Detour Lake, Meadowbank complex, Canadian Malartic complex, and Meliadine. Agnico Eagle Mines has net profit margins of about 40.4% and high-quality earnings.

Coeur Mining is a long-running precious metals producer with exposure to both gold and silver through mines in the United States, Mexico, and Canada. Its key gold-producing sites include Rochester, Kensington, Palmarejo, and Wharf. Coeur Mining has recently reported record revenue, stronger cash generation, and margins of about 26.8%.