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Newmont Corporation

Logo Newmont Corporation

Basic Materials

Precious Metals

Nasdaq

as 04-17-2024 1:53pm EST

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Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at end December 2023.

Founded: 1916 Country:
United States
United States
Employees: 21700 City: DENVER
Market Cap: 43.9B IPO Year: N/A
Target Price: $49.42 AVG Volume (30 days): 14.5M
Analyst Decision: Buy Number of Analysts: 13
Dividend Yield: 3.78% Dividend Payout Frequency: Quarterly
EPS: -2.97 EPS Growth: N/A
52 Week Low/High: $29.42 - $50.47 Next Earning Date: 04-25-2024
Revenue: $11,812,000,000 Revenue Growth: -0.86%
Revenue Growth (this year): 40.15% Revenue Growth (next year): 7.70%

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