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Newmont Corp Chess Depository Interest NEMCL

Morningstar Rating
$41.38 +4.38 (11.83%)
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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.

Price vs Fair Value

NEMCL is trading at a 370% premium.
Price
$41.50
Fair Value
$65.36
Uncertainty
High
1-Star Price
$39.49
5-Star Price
$75.56
Economic Moat
Pzhv
Capital Allocation
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Trading Information

Previous Close Price
$37.00
Day Range
$41.3841.38
52-Week Range
$33.9741.38
Bid/Ask
/
Market Cap
$47.71 Bil
Volume/Avg
100,249 / 89,171

Key Statistics

Price/Earnings (Normalized)
27.04
Price/Sales
2.93
Dividend Yield (Trailing)
0.42%
Dividend Yield (Forward)
0.42%
Total Yield
0.42%

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 the end of December 2023.
Sector
Basic Materials
Industry
Gold
Stock Style Box
Mid Core
Total Number of Employees

Competitors

Valuation

Metric
NEMCL
GOLD
AEM
Price/Earnings (Normalized)
27.0420.6830.30
Price/Book Value
1.651.381.90
Price/Sales
2.932.815.31
Price/Cash Flow
9.967.6812.64
Price/Earnings
NEMCL
GOLD
AEM

Financial Strength

Metric
NEMCL
GOLD
AEM
Quick Ratio
0.572.090.69
Current Ratio
2.153.322.21
Interest Coverage
−7.469.989.56
Quick Ratio
NEMCL
GOLD
AEM

Profitability

Metric
NEMCL
GOLD
AEM
Return on Assets (Normalized)
3.70%3.40%3.79%
Return on Equity (Normalized)
7.22%6.73%5.65%
Return on Invested Capital (Normalized)
5.73%4.86%5.40%
Return on Assets
NEMCL
GOLD
AEM
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Gold Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Zijin Mining Group Co Ltd ADR
ZIJMY
Hrzpdh$63.4 Bil
Zijin Mining Group Co Ltd Class H
ZIJMF
Bjrhzf$63.4 Bil
Newmont Corp
NEM
TxgfxvjtNpnx$54.2 Bil
Agnico Eagle Mines Ltd
AEM
RthqlfwXcwv$37.0 Bil
Barrick Gold Corp
GOLD
WnklsqkyzGyxw$32.4 Bil
Wheaton Precious Metals Corp
WPM
SfffqcfhPnrv$27.3 Bil
Franco-Nevada Corp
FNV
Nywxzp$24.0 Bil
Gold Fields Ltd
GFIOF
Gqxg$14.8 Bil
Kinross Gold Corp
KGC
BcdzWcdg$10.9 Bil

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