Commodity prices generally fell in the September-ending quarter, except for gold. Concerns about weak China end-user steel demand affected iron ore and other steelmaking commodities, while base metals prices fell on worries over slower economic growth in China and elsewhere.
Newmont is the world’s largest gold miner, with copper and other byproducts providing some diversification, representing around 15% of forecast midcycle revenue from 2028.
Bigger is not always better in gold mining. Newmont's operations span four continents, increasing complexity and difficulty managing the assets.
|
Metric
|
NEM
|
GOLD
|
AEM
|
|---|---|---|---|
Price/Earnings (Normalized) | 24.06 | 19.92 | 28.27 |
Price/Book Value | 2.05 | 1.51 | 2.07 |
Price/Sales | 3.52 | 3.01 | 5.58 |
Price/Cash Flow | 10.99 | 8.15 | 12.71 |
|
Metric
|
NEM
|
GOLD
|
AEM
|
|---|---|---|---|
Quick Ratio | 0.63 | 1.92 | 0.62 |
Current Ratio | 2.11 | 3.01 | 1.51 |
Interest Coverage | −3.79 | 10.62 | 12.03 |
|
Metric
|
NEM
|
GOLD
|
AEM
|
|---|---|---|---|
Return on Assets (Normalized) | 4.61% | 3.88% | 4.87% |
Return on Equity (Normalized) | 8.90% | 7.63% | 7.22% |
Return on Invested Capital (Normalized) | 7.11% | 5.56% | 6.83% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Zijin Mining Group Co Ltd ADR
ZIJMY
| — | Btqvqlk | $66.8 Bil | |||
| Zijin Mining Group Co Ltd Class H
ZIJMF
| — | Vpnsxz | $66.8 Bil | |||
| Newmont Corp Chess Depository Interest
NEMCL
| — | Dbgyd | $62.1 Bil | |||
| Newmont Corp
NEM
| Dqgqywvdp | Zpgc | $62.1 Bil | |||
| Agnico Eagle Mines Ltd
AEM
| Xnfmlczk | Qbkj | $40.9 Bil | |||
| Barrick Gold Corp
GOLD
| Wzccnsc | Bbgxv | $35.5 Bil | |||
| Wheaton Precious Metals Corp
WPM
| Zxkhccfk | Njn | $27.7 Bil | |||
| Franco-Nevada Corp
FNV
| — | Rlbv | $24.0 Bil | |||
| Gold Fields Ltd
GFIOF
| — | Mkwj | $14.5 Bil | |||
| Kinross Gold Corp
KGC
| Gfxd | Xwtg | $11.7 Bil |
United States