Newmont Corp
NEM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Sf? | LOCK|@q< | LOCK|<kjGzy< |
Lower Near-Term Assumed Gold Prices Drive a Reduction in Newmont's Fair Value
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.
