Newmont Corp Chess Depository Interest
NEM: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$48.00 | Ldgwr | Hwqvsfxdn |
Newmont's Fair Value Reduced by 7% on Lower Forecast Gold Sales; Shares Undervalued
Business Strategy and Outlook
Newmont is the world’s largest gold miner, with a portfolio reflecting three major deals in recent years. First, it acquired fellow gold producer Goldcorp for a relatively mild premium in 2019. Not only did it avoid paying a high price, Newmont also extracted better performance at mines where Goldcorp struggled.