Professional
Added to YB: 2024-11-12
Pitch date: 2024-10-09
NEM [bullish]
Newmont Corporation
+92.46%
current return
Author Info
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Company Info
Newmont Corporation engages in the production and exploration of gold properties. It also explores for copper, silver, zinc, lead, and other metals.
Market Cap
$106.9B
Pitch Price
$51.80
Price Target
N/A
Dividend
1.02%
EV/EBITDA
8.09
P/E
15.26
EV/Sales
4.96
Sector
Metals and Mining
Category
growth
Show full summary:
Columbia Balanced Fund Portfolio Holding: Newmont Corporation
NEM: Q3 strong on rising gold prices. Q2 beat, $594M FCF. Early share buybacks. On track with production, costs, synergies, divestitures. Higher gold prices boosting performance. Stock price climbing as investors take notice of solid execution and financials.
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