Professional
Added to YB: 2023-12-18
Pitch date: 2023-12-18
NEM [bullish]
Newmont Corporation
+173.16%
current return
Author Info
No bio for this author
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
$39.66
Price Target
53.00 (-51%)
Dividend
0.87%
EV/EBITDA
7.17
P/E
15.46
EV/Sales
4.95
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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