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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.
Golden Horizons | Newmont's strategic acquisitions and asset sales position it for growth in a favorable gold market, with production projected to rise from 7.5M to 8.3M ounces by 2028 |
Financial Fortitude | Analysts forecast Newmont's revenue to potentially reach $23.5B by 2026, with EPS estimates ranging from $2.89 to $3.37 for 2024 and strong cash flow generation |
Streamlining for Success | Delve into Newmont's ambitious $2-4B asset divestment program, aimed at optimizing operations and enhancing shareholder value through debt reduction and share repurchases |
Market Momentum | Explore how a bullish gold price outlook, with UBS projecting a 30% increase over consensus for 2025, could significantly boost Newmont's profitability and market position |
Metrics to compare | NEM | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipNEMPeersSector | |
---|---|---|---|---|
P/E Ratio | −39.8x | 7.1x | −0.1x | |
PEG Ratio | 5.68 | 0.38 | 0.00 | |
Price/Book | 1.7x | 1.6x | 1.6x | |
Price / LTM Sales | 3.0x | 2.3x | 1.3x | |
Upside (Analyst Target) | 24.0% | 13.2% | 24.5% | |
Fair Value Upside | Unlock | 16.4% | 0.4% | Unlock |