Professional
Added to YB: 2024-12-27
Pitch date: 2024-09-30
NEM [bullish]
Newmont Corporation
+86.58%
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
$97.0B
Pitch Price
$52.60
Price Target
65.00 (-34%)
Dividend
1.12%
EV/EBITDA
7.34
P/E
13.84
EV/Sales
4.50
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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