Newmont Corporation (NEM) Stock
Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead.
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About Newmont Corporation
Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of the close of 2021 (December 31st), Newmont reported substantial proven and probable gold reserves, totaling 92.8 million ounces, and managed a vast land portfolio covering 62,800 square kilometers. Founded in 1916, the company's corporate headquarters are situated in Denver, Colorado.
Newmont Corporation is led by CEO Natascha Viljoen, employs 44,100 people, headquartered in Denver, US, publicly traded since 1980.
Newmont Corporation (NEM) stock trades at $91.34 with a market capitalization of $96.24B. The stock is valued at a price-to-earnings (P/E) ratio of 14.72, price-to-book of 3.49, price-to-sales of 4.83. Over the past 52 weeks the stock has ranged between $55.37 and $134.88, and currently trades 32.3% below its 52-week high.
On profitability, Newmont Corporation generates a return on equity (ROE) of 25.83% — well above the market average, a sign of a high-quality business, return on capital employed of 30.41%, an operating margin of 46.85%, a net profit margin of 34.64%.
In its most recent fiscal year, Newmont Corporation reported annual revenue of $22.1B, net profit of $7.1B, revenue has compounded at 14.1% a year over the last five years, profit at 20.2% a year. Profit growing faster than revenue points to expanding margins.
The balance sheet shows a debt-to-equity ratio of 0.16 — a conservative balance sheet with little leverage risk, a current ratio of 1.72, total assets of $57.1B, $7.6B in cash and equivalents.
NEM has an average daily trading volume of 7,952,936 shares, a beta of 0.46 (less volatile than the overall market).
Official website: www.newmont.com