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Newmont Corporation is a gold business based in the US. Newmont Corporation shares (NEM) are listed on the NYSE and all prices are listed in US Dollars. Newmont Corporation employs 14,300 staff and has a trailing 12-month revenue of around USD$12.5 billion.
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Since the stock market crash in March caused by coronavirus, Newmont Corporation's stock price has had significant positive movement.
Its last market close was $57.03, which is 13.31% up on its pre-crash value of $49.44 and 72.82% up on the lowest point reached during the March crash when the stocks fell as low as $33.
If you had bought $1,000 worth of Newmont Corporation stocks at the start of February 2020, those stocks would have been worth $913.60 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,250.67.
| Latest market close | $57.03 |
|---|---|
| 52-week range | $52.75 - $74.04 |
| 50-day moving average | $55.88 |
| 200-day moving average | $62.30 |
| Wall St. target price | $97.82 |
| PE ratio | 15.9524 |
| Dividend yield | $2.05 (3.55%) |
| Earnings per share (TTM) | $3.58 |
Note: The dollar amounts in the table below are in Canadian dollars.
Historical closes compared with the close of $57.03 from 2021-10-15
| 1 week (2021-10-11) | 5.22% |
|---|---|
| 1 month (2021-09-17) | 3.28% |
| 3 months (2021-07-16) | -7.61% |
| 6 months (2021-04-16) | -12.81% |
| 1 year (2020-10-16) | -9.00% |
|---|---|
| 2 years (2019-10-18) | 48.36% |
| 3 years (2018-10-18) | 76.18% |
| 5 years (2016-10-18) | 57.67% |
Valuing Newmont Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Newmont Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Newmont Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Newmont Corporation shares trade at around 16x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Newmont Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.7872. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Newmont Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Newmont Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $6.4 billion.
The EBITDA is a measure of a Newmont Corporation's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $12.5 billion |
|---|---|
| Operating margin TTM | 32.49% |
| Gross profit TTM | $6.2 billion |
| Return on assets TTM | 6.3% |
| Return on equity TTM | 10.98% |
| Profit margin | 23% |
| Book value | $29.09 |
| Market capitalisation | $45.6 billion |
TTM: trailing 12 months
There are currently 8.0 million Newmont Corporation shares held short by investors – that's known as Newmont Corporation's "short interest". This figure is 11.2% up from 7.2 million last month.
There are a few different ways that this level of interest in shorting Newmont Corporation shares can be evaluated.
Newmont Corporation's "short interest ratio" (SIR) is the quantity of Newmont Corporation shares currently shorted divided by the average quantity of Newmont Corporation shares traded daily (recently around 6.0 million). Newmont Corporation's SIR currently stands at 1.33. In other words for every 100,000 Newmont Corporation shares traded daily on the market, roughly 1330 shares are currently held short.
However Newmont Corporation's short interest can also be evaluated against the total number of Newmont Corporation shares, or, against the total number of tradable Newmont Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Newmont Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Newmont Corporation shares in existence, roughly 10 shares are currently held short) or 0.0101% of the tradable shares (for every 100,000 tradable Newmont Corporation shares, roughly 10 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Newmont Corporation.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Newmont Corporation.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 26.2
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Newmont Corporation's overall score of 26.2 (as at 01/01/2019) is pretty good – landing it in it in the 36th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Newmont Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 11.88/100
Newmont Corporation's environmental score of 11.88 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Newmont Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 13.06/100
Newmont Corporation's social score of 13.06 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Newmont Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 9.25/100
Newmont Corporation's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Newmont Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Newmont Corporation scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Newmont Corporation hasn't always managed to keep its nose clean.
Dividend payout ratio: 58.74% of net profits
Recently Newmont Corporation has paid out, on average, around 58.74% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.81% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Newmont Corporation shareholders could enjoy a 3.81% return on their shares, in the form of dividend payments. In Newmont Corporation's case, that would currently equate to about $2.05 per share.
Newmont Corporation's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Newmont Corporation's most recent dividend payout was on 23 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 8 September 2021 (the "ex-dividend date").
Newmont Corporation's shares were split on a 5:4 basis on 22 April 1994. So if you had owned 4 shares the day before before the split, the next day you'd have owned 5 shares. This wouldn't directly have changed the overall worth of your Newmont Corporation shares – just the quantity. However, indirectly, the new 20% lower share price could have impacted the market appetite for Newmont Corporation shares which in turn could have impacted Newmont Corporation's share price.
Over the last 12 months, Newmont Corporation's shares have ranged in value from as little as $52.7538 up to $74.0445. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Newmont Corporation's is 0.2656. This would suggest that Newmont Corporation's shares are less volatile than average (for this exchange).
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, and Ghana. As of December 31, 2020, it had proven and probable gold reserves of 94. 2 million ounces and land position of 58,900 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado. .
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