Added to YB: 2024-02-13
Pitch date: 2024-02-10
NEM [bullish]
Newmont Corporation
+211.96%
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
$31.46
Price Target
N/A
Dividend
1.12%
EV/EBITDA
7.34
P/E
13.84
EV/Sales
4.50
Sector
Metals and Mining
Category
value
Show full summary:
Newmont: Asymmetric Risk/Reward Makes It A Strong Buy Here
NEM lags gold on Newcrest deal execution fears despite 20yr reserves. Peers de-rated too. 40% EPS rebound, 15% margin seen on costs, 0.46x debt. Dip may be buy chance with B+ value vs sector. Newcrest integration key risk. Buy on LT strengths.
Read full article (3 min)