Professional
Added to YB: 2023-12-18
Pitch date: 2023-12-18
NEM [bullish]
Newmont Corporation
+146.97%
current return
Author Info
No bio for this author
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
$39.74
Price Target
53.00 (-46%)
Dividend
1.12%
EV/EBITDA
7.34
P/E
13.84
EV/Sales
4.50
Sector
Metals and Mining
Category
growth
Newmont Corporation: Commodity Prices in Mining Sector Supportive; Some Opportunities Available
NEM: World's largest gold miner set for growth with high prices despite recession fears. Goldcorp & Newcrest deals boost sales to 8.8M oz by 2027. Leveraged to gold prices, strong balance sheet with $4.9B debt post-deal. $53 FVE on $1,740/oz gold & $3.10/lb copper from 2027, 7.1% WACC. Trades at discount on coal & gold cost concerns.
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