Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana. The company was founded in 1916 and is headquartered in Denver, Colorado.
Strategic Divestments | Explore Newmont's ambitious $2-4 billion asset sale strategy, aimed at streamlining operations and bolstering financial flexibility in a dynamic gold market |
Production Outlook | Delve into Newmont's projected gold output increase from 5.4M oz in 2023 to 7.6M oz by 2025, driven by core "tier 1" assets and operational efficiencies |
Financial Projections | Analysts forecast Newmont's revenue at $18.9B for 2025, with EPS estimates of $2.89 for 2024 and $3.98 for 2025, reflecting market dynamics and strategic shifts |
Gold Price Impact | Learn how UBS's bullish gold price forecast, predicting a 30% increase over consensus for 2025, could significantly boost Newmont's earnings and stock valuation |
Metrics to compare | NEM | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipNEMPeersSector | |
---|---|---|---|---|
P/E Ratio | 16.4x | 8.5x | −0.1x | |
PEG Ratio | 0.08 | 0.05 | 0.00 | |
Price/Book | 1.8x | 1.7x | 1.6x | |
Price / LTM Sales | 2.9x | 2.2x | 1.2x | |
Upside (Analyst Target) | 10.8% | 20.0% | 27.2% | |
Fair Value Upside | Unlock | 15.5% | 2.8% | Unlock |