Professional
Added to YB: 2024-12-27
Pitch date: 2024-09-30
NEM [bullish]
Newmont Corporation
+106.37%
current return
Author Info
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Company Info
Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals.
Market Cap
$127.0B
Pitch Price
$52.49
Price Target
65.00 (-40%)
Dividend
0.87%
EV/EBITDA
7.17
P/E
15.46
EV/Sales
4.95
Sector
Metals and Mining
Category
value
Show full summary:
The Gabelli Value 25 Fund Inc. Portfolio Holding: Newmont Corporation
NEM: World's largest gold producer. Newcrest acquisition successful, $500M annual synergies. 2024 gold production est. 6.7M oz. $1/share dividend (1.9% yield). Expansion in Australia & Ghana. Trades at discount to peers. 2025 PMV $65/share. Committed to debt reduction & buybacks.
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