Newmont Corporation (TSX: NEM)

Last close As at 23/11/2024

49.02

0.18 (0.37%)

Market capitalisation

USD37,024m

Latest Insights

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Metals & Mining | Update

Newmont Corporation — Sustainable in several senses

Metals & Mining | Flash note

Newmont Corporation — In line with expectations

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Balance Sheet

Forecast net cash (US$m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual N/A N/A N/A
Relative N/A N/A N/A
52 week high/low N/A/N/A

Financials

Newmont’s Q4/FY22 results, released on 23 February, exhibited stronger production than we had anticipated, albeit accompanied by costs that failed to decline as much as we had hoped. Nevertheless, both production and costs for the full year met the company’s guidance to within its usual tolerance range of ±5%. In addition to its Q4/FY22 results, Newmont also provided updated medium-term guidance for production, costs and capex to FY27 to reflect recent inflationary pressures within the industry, and this note updates both our forecasts and valuation to reflect the company’s updated guidance. In the meantime, Newmont’s potential merger with Newcrest clearly remains alive, with the potential to transform the company if it is successfully brought to fruition.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2021A N/A N/A N/A N/A N/A N/A
2022A N/A N/A N/A N/A N/A N/A
2023E N/A N/A N/A N/A N/A N/A
2024E N/A N/A N/A N/A N/A N/A

Research

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Newmont Corporation — Q121 results preview

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