Newmont Corp Chess Depository Interest NEMCL
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Trading Information
- Previous Close Price
- $33.97
- Day Range
- $37.00–37.00
- 52-Week Range
- $33.97–37.00
- Bid/Ask
- — / —
- Market Cap
- $42.65 Bil
- Volume/Avg
- 618 / 382
Key Statistics
- Price/Earnings (Normalized)
- 24.18
- Price/Sales
- 2.62
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
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 end December 2023.
- Sector
- Basic Materials
- Industry
- Gold
- Stock Style Box
- Mid Core
- Total Number of Employees
- 21,700
- Website
- https://www.newmont.com
Competitors
Valuation
|
Metric
|
NEMCL
|
GOLD
|
AEM
|
|---|---|---|---|
Price/Earnings (Normalized) | 24.18 | 20.33 | 28.81 |
Price/Book Value | 1.48 | 1.28 | 1.68 |
Price/Sales | 2.62 | 2.63 | 4.80 |
Price/Cash Flow | 8.91 | 7.16 | 11.58 |
Price/Earnings
NEMCL
GOLD
AEM
Financial Strength
|
Metric
|
NEMCL
|
GOLD
|
AEM
|
|---|---|---|---|
Quick Ratio | 0.71 | 2.26 | 0.51 |
Current Ratio | 1.25 | 3.16 | 2.09 |
Interest Coverage | −7.97 | 8.98 | 26.73 |
Quick Ratio
NEMCL
GOLD
AEM
Profitability
|
Metric
|
NEMCL
|
GOLD
|
AEM
|
|---|---|---|---|
Return on Assets (Normalized) | 3.17% | 3.21% | 3.79% |
Return on Equity (Normalized) | 6.24% | 6.40% | 5.65% |
Return on Invested Capital (Normalized) | 4.97% | 4.64% | 5.30% |
Return on Assets
NEMCL
GOLD
AEM
Gold Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
ZIJMY
| Zijin Mining Group Co Ltd ADR | — | Tncwgd | $64.9 Bil | |
ZIJMF
| Zijin Mining Group Co Ltd Class H | — | Tnvckd | $61.9 Bil | |
NEM
| Newmont Corp | Hswsgbtcd | Yhbx | $43.2 Bil | |
AEM
| Agnico Eagle Mines Ltd | Pjtgphbk | Zyhj | $32.2 Bil | |
GOLD
| Barrick Gold Corp | Yypqrrpcb | Cvncc | $30.0 Bil | |
WPM
| Wheaton Precious Metals Corp | Mgvlygbf | Schz | $24.5 Bil | |
FNV
| Franco-Nevada Corp | — | Ttphs | $23.6 Bil | |
GFIOF
| Gold Fields Ltd | — | Gdymnr | $15.2 Bil | |
KGC
| Kinross Gold Corp | Rgk | Myb | $8.3 Bil |