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.
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Metric
|
NEM
|
AEM
|
B
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.42 | 15.94 | 11.73 |
Price/Book Value | 3.45 | 3.22 | 2.42 |
Price/Sales | 4.84 | 6.25 | 3.27 |
Price/Cash Flow | 9.50 | 11.62 | 6.83 |
|
Metric
|
NEM
|
AEM
|
B
|
|---|---|---|---|
Quick Ratio | 1.95 | 1.90 | 2.12 |
Current Ratio | 2.55 | 2.86 | 3.01 |
Interest Coverage | 83.04 | 565.22 | 41.26 |
|
Metric
|
NEM
|
AEM
|
B
|
|---|---|---|---|
Return on Assets (Normalized) | 17.78% | 16.54% | 15.61% |
Return on Equity (Normalized) | 29.63% | 22.76% | 30.01% |
Return on Invested Capital (Normalized) | 24.87% | 22.01% | 20.10% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Newmont Corp Chess Depository Interest
NEMCL
| — | LOCK|CS | $121B | |||
| Zijin Mining Group Co Ltd ADR
ZIJMY
| — | LOCK|@qW$M | $116B | |||
| Zijin Mining Group Co Ltd Class H
ZIJMF
| — | LOCK|V#sjb | $116B | |||
| Agnico Eagle Mines Ltd
AEM
| LOCK|@?<>x%k | LOCK|ds | $91B | |||
| Barrick Mining Corp
B
| LOCK|mYP<??@ | LOCK|CGZ | $66B | |||
| Wheaton Precious Metals Corp
WPM
| LOCK|LM#><!B | LOCK|ls | $60B | |||
| Anglogold Ashanti PLC
AU
| — | LOCK|^!Jr | $48B | |||
| Franco-Nevada Corp
FNV
| — | LOCK|^^ | $45B | |||
| Kinross Gold Corp
KGC
| LOCK|lr&sR#P | LOCK|yCH | $29B |
United States