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Newmont Mining Corp Stock Research

NEM

49.02USD+0.18(+0.37%)Market Closed

Market Summary

USD49.02+0.18
Market Closed
0.37%

NEM Alerts

NEM Stock Price

NEM RSI Chart

NEM Valuation

Market Cap

38.9B

Price/Earnings (Trailing)

-90.61

Price/Sales (Trailing)

3.26

EV/EBITDA

18.05

Price/Free Cashflow

12.07

NEM Price/Sales (Trailing)

NEM Profitability

EBT Margin

-0.43%

Return on Equity

-2.22%

Return on Assets

-1.11%

Free Cashflow Yield

8.28%

NEM Fundamentals

NEM Revenue

Revenue (TTM)

11.9B

Revenue Y/Y

-5.6%

Revenue Q/Q

21.49%

NEM Earnings

Earnings (TTM)

-429.0M

Earnings Y/Y

-3.1K%

Earnings Q/Q

-793.43%

Price Action

52 Week Range

37.4585.67
(Low)(High)

Last 7 days

1.0%

Last 30 days

11.2%

Last 90 days

3.9%

Trailing 12 Months

-37.8%

NEM Financial Health

Current Ratio

2.23

Debt/Equity

0.29

Debt/Cashflow

0.57

NEM Investor Care

Dividend Yield

4.49%

Dividend/Share (TTM)

2.2

Shares Dilution (1Y)

0.13%

Diluted EPS (TTM)

-0.54

Peers (Alternatives to Newmont Mining)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
SCCO
58.9B
10.0B
 0.13% 5.43%
22.26
5.87
 -8.10% -22.37%
FCX
58.5B
22.8B
 -4.86% -16.59%
13.07
2.57
 -0.28% -16.51%
NUE
40.0B
41.5B
 -9.53% 4.40%
5.26
0.96
 13.78% 11.42%
NEM
38.9B
11.9B
 11.16% -37.80%
-90.61
3.26
 -2.51% -136.79%
STLD
19.6B
22.3B
 -12.44% 36.20%
5.04
0.88
 20.92% 19.49%
MID-CAP
CLF
9.4B
23.0B
 -14.43% -43.09%
6.84
0.41
 37.87% -4.59%
AA
7.5B
12.5B
 -17.45% -52.34%
-61.22
0.6
 2.46% -128.67%
X
4.9B
21.1B
 -14.82% -30.38%
1.42
0.22
 3.90% -39.53%
HL
3.5B
718.9M
 18.32% -3.65%
-93.99
4.88
 -10.97% -206.42%
SMALL-CAP
NG
2.1B
-
 8.17% -19.53%
-38.92
-
 - -31.59%
CDE
1.2B
785.6M
 26.27% -10.34%
-15.11
1.5
 -5.67% -149.37%
TMQ
78.8M
998.0K
 -4.24% -49.24%
-3.25
78.91
 22.00% -11.99%
XPL
42.9M
140.0K
 -9.68% -21.58%
-11.49
306.22
 -9.82% -53.52%
LODE
27.8M
543.7K
 9.95% -79.81%
-0.65
51.08
 4.30% -288.73%

Financials for Newmont Mining

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.6%11,91512,10512,36612,37312,222
  S&GA Expenses-1.1%276279267258259
  R&D Expenses6.5%229215175167154
Costs and Expenses5.5%11,71211,09711,58711,17310,965
EBITDA-16.8%2,3062,7733,5393,660-
EBITDA Margin-13.7%0.19*0.22*0.29*0.30*-
Earnings Before Taxes-106.2%-51.008254589931,108
EBT Margin-106.3%0.00*0.07*0.04*0.08*-
Interest Expenses-24.9%172229---
Net Income-142.8%-4291,0027921,0551,166
Net Income Margin-143.5%-0.04*0.08*0.06*0.09*-
Free Cahsflow-8.2%3,2203,5094,1804,132-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-1.7%38,48239,14339,69039,91340,564
  Current Assets3.1%6,5156,3206,9077,0597,696
    Cash Equivalents-5.9%2,8773,0584,3074,2724,992
  Net PPE0.1%24,15024,13124,07024,124-
  Goodwill-28.9%1,9712,7712,7712,7712,771
Liabilities6.8%18,94917,74318,09118,28218,703
  Current Liabilities25.9%2,9262,3242,4512,4172,654
  Long Term Debt0%5,6245,6245,6245,711-
    LT Debt, CurrentNaN%----87.00
    LT Debt, Non Current0.0%5,5715,5695,5685,5665,565
Shareholder's Equity-8.8%19,35421,21921,59921,63122,022
  Retained Earnings-67.6%9162,8313,0563,1073,098
  Additional Paid-In Capital0.1%17,36917,35417,33417,31217,981
Shares Outstanding-0.1%793794794793792
Minority Interest-1.1%179181178182-209
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-8.2%3,2203,5094,1804,1324,279
  Share Based Compensation-72.00----
Cashflow From Investing-14.4%-2,983-2,608-1,775-2,037-1,868
Cashflow From Financing4.7%-2,356-2,472-2,709-3,342-2,958
  Dividend Payments0%1,7461,7461,7491,7521,757
  Buy Backs-100.0%0.00554782525-

Risks for NEM

What is the probability of a big loss on NEM?

78.5%

Probability that Newmont Mining stock will be more than 20% underwater in next one year

14.6%

Probability that Newmont Mining stock will be more than 30% underwater in next one year.

13.8%

Probability that Newmont Mining stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NEM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Newmont Mining was unfortunately bought at previous high price.

Drawdowns

Returns for NEM

Cumulative Returns on NEM

3.9%

10-Year Cumulative Returns

11.2%

7-Year Cumulative Returns

7.2%

5-Year Cumulative Returns

5.0%

3-Year Cumulative Returns

What are the long-term rolling returns for NEM?

FIve years rolling returns for Newmont Mining.

Annualized Returns

Which funds bought or sold NEM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
reduced
-1.6
929,862
9,785,080
 0.08%
2023-03-17
American Portfolios Advisors
reduced
-12.67
-73,766
117,894
 -%
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-19.07
-426,185
4,225,820
 0.12%
2023-03-10
MATHER GROUP, LLC.
added
21.99
74,931
275,931
 -%
2023-03-10
BAILLIE GIFFORD & CO
unchanged
-
134,265
1,225,260
 -%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-3.15
8,750,820
108,578,000
 0.12%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-0.34
76,874
724,874
 0.06%
2023-03-06
Rockefeller Capital Management L.P.
added
3.97
798,000
5,553,000
 0.03%
2023-03-03
ROBOTTI ROBERT
new
-
236,000
236,000
 0.05%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
70,092
70,092
 -%

1–10 of 47

Latest Funds Activity

Are funds buying NEM calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own NEM
No. of Funds

NEM Alerts

Newmont Mining News

Investing News Network

AGNICO EAGLE COMPLETES ACQUISITION OF YAMANA'S CANADIAN ASSETS.

Investing News Network,
13 hours ago

TipRanks

Gold Stocks Gain Ground as the Metal Briefly Tops $2,000.

TipRanks,
11 days ago

TheBull.com.au

The Best ASX Mining Stocks to Buy in 2023.

TheBull.com.au,
11 days ago

Investing.com

Newmont Mining upgraded at Canaccord following the Q4 report By ....

Investing.com,
17 days ago

MINING.com

Newcrest, Newmont set to talk as Newcrest outlines more mining ....

MINING.com,
17 days ago

Investopedia

US Equities Drop as Bank Worries Rattle Markets.

Investopedia,
21 days ago

Seeking Alpha

Newmont: Rising Real Yields Ding Gold, NEM Shares Near Fair ....

Seeking Alpha,
23 days ago

Bloomberg

Newmont's M&A Drive Offers Path From Decade-Long Gold Rut.

Bloomberg,
36 days ago

Seeking Alpha

Agnico Eagle Mines: Don't Let The Selloff Fool You (NYSE:AEM).

Seeking Alpha,
42 days ago

Seeking Alpha

Newcrest Mining Stock: Bidding War For Aussie Gold Miner On The ....

Seeking Alpha,
43 days ago

Elko Daily Free Press

Barrick interested in acquiring Newmont's share of NGM.

Elko Daily Free Press,
44 days ago

Barchart

Stocks Retreat as Elevated U.S. CPI Keeps Hawkish Fed in Play.

Barchart,
45 days ago

MINING.com

B2Gold to buy Sabina Gold & Silver for $824 million - MINING.COM.

MINING.com,
46 days ago

Smartkarma

Most Read: Kakao Pay, Jiangxi Special Electric Motor A, Bangkok ....

Smartkarma,
52 days ago

Mugglehead

Newmont Mining makes $17B bid to form Australia's largest gold ....

Mugglehead,
53 days ago

Forbes

Rates, Jobs And China Weigh On Stocks.

Forbes,
53 days ago

Schedule 13G FIlings of Newmont Mining

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
8.72%
69,210,466
SC 13G/A
Feb 07, 2023
state street corp
5.10%
40,484,102
SC 13G/A
Jan 27, 2023
blackrock inc.
11.6%
92,123,660
SC 13G/A
Jan 23, 2023
blackrock inc.
11.6%
92,123,660
SC 13G/A
Feb 11, 2022
state street corp
5.06%
40,382,898
SC 13G/A
Jan 28, 2022
blackrock inc.
11.5%
91,635,498
SC 13G/A
Feb 10, 2021
vanguard group inc
9.13%
73,357,461
SC 13G/A
Jan 27, 2021
blackrock inc.
11.7%
93,636,337
SC 13G/A
Feb 12, 2020
vanguard group inc
11.24%
92,227,631
SC 13G/A
Feb 04, 2020
blackrock inc.
13.7%
112,247,978
SC 13G/A

NEM Fair Value

Newmont Mining fair value in different scenarios

The table shows the Fair Value estimates for Newmont Mining for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

21.00

-57.16%

25.37

-48.25%

35.91

-26.74%

56.93

16.14%

72.55

48.00%
Current Inflation

19.76

-59.69%

23.53

-52.00%

32.49

-33.72%

50.16

2.33%

63.31

29.15%
Very High Inflation

18.21

-62.85%

21.28

-56.59%

28.43

-42.00%

42.33

-13.65%

52.71

7.53%

Historical Newmont Mining Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Newmont Mining

View All Filings
Date Filed Form Type Document
Mar 10, 2023
DEF 14A
DEF 14A
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading

Latest Insider Trading transactions for NEM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-02
Cage Joshua
sold
-
-
-1,796
interim controller and cao
2023-03-01
Atkinson Robert D
sold
-132,750
44.25
-3,000
evp & coo
2023-03-01
Palmer Thomas Ronald
sold
-486,750
44.25
-11,000
president & ceo
2023-02-28
Lipson Nancy
sold (taxes)
-47,760
43.34
-1,102
evp & chief legal officer
2023-02-28
Atkinson Robert D
sold (taxes)
-95,478
43.34
-2,203
evp & coo
2023-02-28
Gehring Dean
sold (taxes)
-47,760
43.34
-1,102
evp, chief dev officer-peru
2023-02-28
Cage Joshua
sold (taxes)
-14,085
43.34
-325
interim controller and cao
2023-02-28
Cmil Jennifer
sold (taxes)
-47,760
43.34
-1,102
evp & chief people officer
2023-02-28
Tabolt Brian
sold (taxes)
-29,731
43.34
-686
interim cfo
2023-02-28
Palmer Thomas Ronald
sold (taxes)
-283,227
43.34
-6,535
president & ceo

1–10 of 50

About Newmont Mining

Thomas R. Palmer
www.newmont.com
31000
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, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.

NEM Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Sales (Note 4)$ 11,915$ 12,222$ 11,497
Costs and expenses:   
Costs applicable to sales[1]6,4685,4355,014
Depreciation and amortization2,1852,3232,300
Reclamation and remediation (Note 5)9211,846366
Exploration231209187
Advanced projects, research and development229154122
General and administrative276259269
Impairment charges (Note 6)1,3202549
Loss on assets held for sale (Note 1)05710
Other expense, net (Note 7)82143384
Total costs and expenses11,71210,9658,691
Other income (expense):   
Gain on asset and investment sales, net (Note 8)35212677
Other income (loss), net (Note 9)(62)(87)(32)
Interest expense, net of capitalized interest of $69, $38 and $24, respectively(227)(274)(308)
Total other income (expense)(254)(149)337
Income (loss) before income and mining tax and other items(51)1,1083,143
Income and mining tax benefit (expense) (Note 10)(455)(1,098)(704)
Equity income (loss) of affiliates (Note 15)107166189
Net income (loss) from continuing operations(399)1762,628
Net income (loss) from discontinued operations (Note 1)3057163
Net income (loss)(369)2332,791
Net loss (income) attributable to noncontrolling interests (Note 1)(60)93338
Net income (loss) attributable to Newmont stockholders(429)1,1662,829
Net income (loss) attributable to Newmont stockholders:   
Continuing operations(459)1,1092,666
Discontinued operations3057163
Net income (loss) attributable to Newmont stockholders$ (429)$ 1,166$ 2,829
Weighted average common shares:   
Basic (in shares)794799804
Effect of employee stock-based awards (in shares)122
Diluted (in shares)795801806
Basic:   
Continuing operations (in dollars per share)$ (0.58)$ 1.39$ 3.32
Discontinued operations (in dollars per share)0.040.070.20
Net income (loss) per common share, basic (in dollars per share)(0.54)1.463.52
Diluted: (2)   
Continuing operations (in dollars per share)[2](0.58)1.393.31
Discontinued operations (in dollars per share)[2]0.040.070.20
Net income (loss) per common share, diluted (in dollars per share)$ (0.54)$ 1.46$ 3.51
[1]Excludes Depreciation and amortization and Reclamation and remediation.
[2]For the year ended December 31, 2022, potentially dilutive shares were excluded in the computation of diluted loss per common share attributable to Newmont stockholders as they were antidilutive.

NEM Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Cash and cash equivalents$ 2,877$ 4,992
Time deposits and other investments (Note 15)88082
Trade receivables (Note 4)366337
Inventories (Note 16)979930
Stockpiles and ore on leach pads (Note 17)774857
Other current assets639498
Current assets6,5157,696
Property, plant and mine development, net (Note 18)24,07324,124
Investments (Note 15)3,2783,243
Stockpiles and ore on leach pads (Note 17)1,7161,775
Deferred income tax assets (Note 10)173269
Goodwill (Note 19)1,9712,771
Other non-current assets756686
Total assets38,48240,564
LIABILITIES  
Accounts payable633518
Employee-related benefits (Note 11)399386
Income and mining taxes199384
Current lease and other financing obligations (Note 21)96106
Debt (Note 20)087
Other current liabilities (Note 22)1,5991,173
Current liabilities2,9262,654
Debt (Note 20)5,5715,565
Lease and other financing obligations (Note 21)465544
Reclamation and remediation liabilities (Note 5)6,5785,839
Deferred income tax liabilities (Note 10)1,8092,144
Employee-related benefits (Note 11)342439
Silver streaming agreement (Note 4)828910
Other non-current liabilities (Note 22)430608
Total liabilities18,94918,703
Contingently redeemable noncontrolling interest048
EQUITY  
Common stock1,2791,276
Treasury stock - 6 million and 5 million shares, respectively(239)(200)
Additional paid-in capital17,36917,981
Accumulated other comprehensive income (loss) (Note 23)29(133)
Retained earnings9163,098
Newmont stockholders' equity19,35422,022
Noncontrolling interests179(209)
Total equity19,53321,813
Total liabilities and equity$ 38,482$ 40,564