Newmont logged a 0.2% change during today's morning session, and is now trading at a price of $47.96 per share.
Newmont shares moved -35.7% over the last 52 weeks, with a high of $75.66 and a low of $37.45. During this time, the stock lagged the S&P 500 index by -32.0%. As of January 2022, the company's 50-day average price is $46.93. Newmont Corporation engages in the production and exploration of gold. The large-cap Basic Materials company has 14,600 full time employees and is based in Denver, CO. Newmont has returned a 4.3% dividend yield over the last 12 months.
Snapshot of the Company's Decent Operating Margins:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $9,740 | $11,497 | $12,222 | $11,915 |
| Revenue Growth | n/a | 18.04% | 6.31% | -2.51% |
| Gross Margins | 26.5% | 36.4% | 36.5% | 27.4% |
| Gross Margins Growth | n/a | 37.36% | 0.27% | -24.93% |
| Operating Margins | 16.2% | 26.6% | 16.3% | 13.5% |
| Operating Margins Growth | n/a | 64.2% | -38.72% | -17.18% |
| Net Margins | 28.8% | 24.61% | 9.54% | -3.6% |
| Net Margins Growth | n/a | -14.55% | -61.24% | -137.74% |
| Earnings Per Share | $3.81 | $3.51 | $1.46 | -$0.58 |
| EPS Growth | n/a | -7.87% | -58.4% | -139.73% |
| Diluted Shares (MM) | 737 | 806 | 801 | 795 |
| Free Cash Flow (MM) | $1,403 | $3,580 | $2,626 | $1,089 |
| FCF Growth | n/a | 155.17% | -26.65% | -58.53% |
| Capital Expenditures (MM) | -$1,463 | -$1,302 | -$1,653 | -$2,131 |
| Net Debt / EBITDA | 0.68 | 0.1 | 0.16 | 1.14 |
Newmont has negative earnings for the current period, so its trailing twelve month P/E ratio is not meaningful. But based on its EPS guidance of 3.05, the company has a forward P/E ratio of 15.7. In contrast, the Basic Materials sector's average P/E ratio is 10.03.
On the other hand, Newmont is possibly undervalued in terms of its net assets because its P/B ratio is 2.0 compared to its sector average of 2.08.
Newmont Is the Subject of Mixed Market Indicators:
3 analysts are following Newmont and have set target prices ranging from $55.03 to $86.05 per share. On average, they have given the company a rating of buy. At the current price of $47.96, NEM is trading -35.62% away from its average analyst target price of $74.5 per share, implying an analyst consensus of strong upside potential for the stock.
The company has an average amount of shares sold short since 2.6% of the company's shares are tied to short positions. Institutions own 81.6% of Newmont's shares, while the insider ownership rate stands at 0.11%. The biggest shareholder is Blackrock Inc. with a 12% stake in the company worth approximately $4,418,306,330.
