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Newmont Corporation (NEM)

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45.76 +0.50 (+1.10%)
At close: November 4 at 4:00 PM EST
45.50 -0.26 (-0.57%)
After hours: November 4 at 6:59 PM EST
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DELL
  • Previous Close 45.26
  • Open 45.39
  • Bid 45.41 x 900
  • Ask 45.50 x 1300
  • Day's Range 45.14 - 45.89
  • 52 Week Range 29.42 - 58.72
  • Volume 7,043,438
  • Avg. Volume 8,458,533
  • Market Cap (intraday) 52.095B
  • Beta (5Y Monthly) 0.51
  • PE Ratio (TTM) --
  • EPS (TTM) -2.21
  • Earnings Date Oct 23, 2024
  • Forward Dividend & Yield 1.00 (2.21%)
  • Ex-Dividend Date Nov 27, 2024
  • 1y Target Est 59.56

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana. The company was founded in 1916 and is headquartered in Denver, Colorado.

www.newmont.com

21,700

Full Time Employees

December 31

Fiscal Year Ends

Gold

Industry

Recent News: NEM

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Performance Overview: NEM

Trailing total returns as of 11/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

NEM
12.64%
S&P 500
19.77%

1-Year Return

NEM
20.68%
S&P 500
31.07%

3-Year Return

NEM
7.47%
S&P 500
22.57%

5-Year Return

NEM
35.07%
S&P 500
86.27%

Compare To: NEM

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Statistics: NEM

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Valuation Measures

Annual
As of 11/1/2024
  • Market Cap

    51.53B

  • Enterprise Value

    57.57B

  • Trailing P/E

    --

  • Forward P/E

    7.87

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    2.95

  • Price/Book (mrq)

    1.73

  • Enterprise Value/Revenue

    3.39

  • Enterprise Value/EBITDA

    24.48

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -7.14%

  • Return on Assets (ttm)

    4.13%

  • Return on Equity (ttm)

    -5.16%

  • Revenue (ttm)

    16.99B

  • Net Income Avi to Common (ttm)

    -1.29B

  • Diluted EPS (ttm)

    -2.21

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.06B

  • Total Debt/Equity (mrq)

    30.44%

  • Levered Free Cash Flow (ttm)

    -1.94B

Research Analysis: NEM

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 4.61B
Earnings 922M
Q4'23
Q1'24
Q2'24
Q3'24
-2B
0
2B
4B
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

47.00
59.56 Average
45.76 Current
80.00 High
 

Company Insights: NEM

Research Reports: NEM

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  • Newmont Earnings: Benefiting From Strong Gold Prices, but Volumes Likely to Be Lower Than Expected

    Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

    Rating
    Price Target
     
  • There are a lot of intermarket relationships that have blown up in 2024 -- and that makes the job of a technical analyst and intermarket analyst harder than normal We rely heavily on high probability intermarket correlations, both positive and negative.

    There are a lot of intermarket relationships that have blown up in 2024 -- and that makes the job of a technical analyst and intermarket analyst harder than normal We rely heavily on high probability intermarket correlations, both positive and negative. But many that have worked consistently on an historical basis are breaking away from normality. There is a high negative correlation between the U.S. Dollar Index and bitcoin, gold, silver, and emerging markets. Yet since the beginning of 2023, these common relationships just aren't working. Gold took off in late 2022 as the USD was correcting. But as the greenback flattened in early 2023, gold kept rising. Even with the dollar pop over the last month, gold has continued to make all-time highs on a consistent basis. Silver traced out a bullish base from August 2020 until May 2024, a period when the dollar rose sharply, knocking silver down to $18. However, the greenback has been going sideways for almost two years, while silver busted its base and broke out on October 18. That was concurrent with dollar strength. Bitcoin has rallied since October 10, while EEM has been strong since September 10 -- and both include periods of dollar strength. Of note, the EEM (and especially Chinese ETFs and stocks) rally can be attributed to the monetary stimulus announcement by China. Finally, the usually reliable COT data has been extremely bearish for the metals, but that has fallen on its head as the smart money have missed this strength in gold and silver. Don't argue with price! (Mark Arbeter, CMT)

     
  • Global Miners: Value in Various Commodities, With Commodity Prices Supported by China Stimulus

    Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

    Rating
    Price Target
     
  • Commodity Price Update September 2024: Mineral Resources, Iluka, and Coal Miners the Cheapest

    Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

    Rating
    Price Target
     

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