Newmont Corp
NEM
Market Cap$52.7B
Close$
Earnings Call Q2 2024
July 25, 2024 - AI Summary
Newmont reported solid operational and financial results for the second quarter, keeping them on track to achieve their full-year guidance.
The company made progress on its portfolio optimization strategy with the monetization of Batu Hijau deferred payment obligations and the sale of Lundin Gold financing facilities, which will generate nearly $530 million in gross proceeds by year-end.
Synergies continue to be realized, with $100 million achieved in the second quarter, bringing the total delivered to $205 million since the acquisition of Newcrest. They remain on track to reach a run rate of $335 million by year-end.
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$157.08
192.5% upside
Current Fair Value
192.5% upsideUndervalued by 192.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $52.70 Billion |
|---|---|
| Enterprise Value | $59.15 Billion |
| Dividend Yield | $1.2836 (2.81%) |
| Earnings per Share | $-2.87 |
| Beta | 0.66 |
| Outstanding Shares | 1,153,140,195 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | -19.7 |
|---|---|
| PEG | -4.37 |
| Price to Sales | 4.48 |
| Price to Book Ratio | 2.15 |
| Enterprise Value to Revenue | 4.02 |
| Enterprise Value to EBIT | 29.62 |
| Enterprise Value to Net Income | -31 |
| Total Debt to Enterprise | 0.15 |
| Debt to Equity | 0.31 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Newmont Corp
CEO: Thomas Palmer