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Newmont Corporation is a gold business with stocks listed in the US. Newmont shares (NEM) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was US$55.22 – a decrease of 3.19% over the previous week. Here's how to invest if you're based in Australia.
|52-week range||US$52.7538 - US$74.0445|
|50-day moving average||US$58.578|
|200-day moving average||US$62.9746|
|Dividend yield||US$2.05 (3.7%)|
|Earnings per share (TTM)||US$3.575|
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The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 week (2021-09-13)||-3.19%|
|1 month (2021-08-20)||-2.01%|
|3 months (2021-06-18)||-11.82%|
|6 months (2021-03-19)||-10.83%|
|1 year (2020-09-18)||-14.67%|
|2 years (2019-09-20)||38.60%|
|3 years (2018-09-20)||75.30%|
|5 years (2016-09-20)||44.74%|
Valuing Newmont stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Newmont's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Newmont's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Newmont shares trade at around 15x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Newmont's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.7872. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Newmont's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Newmont's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$6.4 billion (£4.7 billion).
The EBITDA is a measure of a Newmont's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$12.5 billion|
|Operating margin TTM||32.49%|
|Gross profit TTM||US$6.2 billion|
|Return on assets TTM||6.3%|
|Return on equity TTM||10.98%|
|Market capitalisation||US$44.1 billion|
TTM: trailing 12 months
There are currently 7.2 million Newmont shares held short by investors – that's known as Newmont's "short interest". This figure is 1.1% up from 7.1 million last month.
There are a few different ways that this level of interest in shorting Newmont shares can be evaluated.
Newmont's "short interest ratio" (SIR) is the quantity of Newmont shares currently shorted divided by the average quantity of Newmont shares traded daily (recently around 5.0 million). Newmont's SIR currently stands at 1.44. In other words for every 100,000 Newmont shares traded daily on the market, roughly 1440 shares are currently held short.
However Newmont's short interest can also be evaluated against the total number of Newmont shares, or, against the total number of tradable Newmont shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Newmont's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Newmont shares in existence, roughly 10 shares are currently held short) or 0.009% of the tradable shares (for every 100,000 tradable Newmont shares, roughly 9 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Newmont.
Find out more about how you can short Newmont stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Newmont.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 26.2
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Newmont's overall score of 26.2 (as at 12/31/2018) is pretty good – landing it in it in the 36th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Newmont is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 11.88/100
Newmont's environmental score of 11.88 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Newmont is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 13.06/100
Newmont's social score of 13.06 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Newmont is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 9.25/100
Newmont's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Newmont is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Newmont scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Newmont hasn't always managed to keep its nose clean.
|Total ESG score||26.2|
|Total ESG percentile||35.6|
|Environmental score percentile||7|
|Social score percentile||7|
|Governance score percentile||7|
|Level of controversy||3|
Dividend payout ratio: 58.74% of net profits
Recently Newmont has paid out, on average, around 58.74% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.97% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Newmont shareholders could enjoy a 3.97% return on their shares, in the form of dividend payments. In Newmont's case, that would currently equate to about $2.05 per share.
Newmont's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Newmont's most recent dividend payout was on 22 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 7 September 2021 (the "ex-dividend date").
Newmont's shares were split on a 5:4 basis on 21 April 1994. So if you had owned 4 shares the day before before the split, the next day you'd have owned 5 shares. This wouldn't directly have changed the overall worth of your Newmont shares – just the quantity. However, indirectly, the new 20% lower share price could have impacted the market appetite for Newmont shares which in turn could have impacted Newmont's share price.
Over the last 12 months, Newmont's shares have ranged in value from as little as US$52.7538 up to US$74.0445. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Newmont's is 0.2314. This would suggest that Newmont's shares are less volatile than average (for this exchange).
Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2020, it had proven and probable gold reserves of 94.2 million ounces and land position of 58,900 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.
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