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.
Newmont is the world’s largest gold miner, with copper and other byproducts providing some diversification, representing around 15% of forecast midcycle revenue from 2030.
Bigger is not always better in gold mining. Newmont's operations span four continents, increasing complexity and difficulty managing the assets.
|
Metric
|
NEM
|
AEM
|
B
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.51 | 15.68 | 12.75 |
Price/Book Value | 3.03 | 3.06 | 2.40 |
Price/Sales | 4.33 | 5.94 | 3.48 |
Price/Cash Flow | 8.75 | 11.43 | 7.17 |
|
Metric
|
NEM
|
AEM
|
B
|
|---|---|---|---|
Quick Ratio | 1.89 | 2.03 | 2.27 |
Current Ratio | 2.44 | 3.15 | 3.06 |
Interest Coverage | 70.83 | 299.13 | 24.78 |
|
Metric
|
NEM
|
AEM
|
B
|
|---|---|---|---|
Return on Assets (Normalized) | 16.75% | 15.54% | 14.70% |
Return on Equity (Normalized) | 28.38% | 21.71% | 28.39% |
Return on Invested Capital (Normalized) | 23.52% | 20.84% | 19.24% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Zijin Mining Group Co Ltd ADR
ZIJMY
| — | Lcclhg | $110B | |||
| Zijin Mining Group Co Ltd Class H
ZIJMF
| — | Vkcpbyr | $110B | |||
| Newmont Corp Chess Depository Interest
NEMCL
| — | Qrlj | $99B | |||
| Agnico Eagle Mines Ltd
AEM
| Mypcswl | Kng | $76B | |||
| Barrick Mining Corp
B
| Cbwwkljl | Yxrh | $65B | |||
| Wheaton Precious Metals Corp
WPM
| Fnbjmxrh | Mptqx | $49B | |||
| Franco-Nevada Corp
FNV
| — | Jzfxs | $40B | |||
| Anglogold Ashanti PLC
AU
| — | Mrxcdrr | $40B | |||
| Kinross Gold Corp
KGC
| Jqbmbljv | Kthf | $28B |
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United States