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 the end of December 2023.

Financial Strength

6/10

Name	Current	Vs Industry
Cash-To-Debt	0.29
Equity-to-Asset	0.53
Debt-to-Equity	0.31
Debt-to-EBITDA	6.91
Interest Coverage	6.43
Piotroski F-Score	4/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	1.67	Distress Grey Safe
Beneish M-Score	0.09	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

7/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	-0.5
	3-Year EBITDA Growth Rate	-62.4
	3-Year EPS without NRI Growth Rate	-16.1
	3-Year FCF Growth Rate	-70.4
	3-Year Book Growth Rate	-4.3
	Future 3-5Y EPS without NRI Growth Rate Estimate	35.69
	Future 3-5Y Total Revenue Growth Rate Estimate	17.44

Momentum Rank

6/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	33.45
	9-Day RSI	43.98
	14-Day RSI	49.74
	6-1 Month Momentum %	26.96
	12-1 Month Momentum %	33.17

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	2.11
	Quick Ratio	1.73
	Cash Ratio	0.46
	Days Inventory	76.47
	Days Sales Outstanding	13.42
	Days Payable	25.08

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	Dividend Yield %	2.17
	Dividend Payout Ratio	0.61
	3-Year Dividend Growth Rate	15.4
	Forward Dividend Yield %	1.89
	5-Year Yield-on-Cost %	9.2
	3-Year Average Share Buyback Ratio	-12.9
	Shareholder Yield %	-1.64

Profitability Rank

6/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	30.4
	Operating Margin %	14.05
	Net Margin %	-13.29
	FCF Margin %	4.36
	ROE %	-7.87
	ROA %	-4.07
	ROIC %	6.74
	3-Year ROIIC %	-8.71
	ROC (Joel Greenblatt) %	-3.34
	ROCE %	-2.46
	Years of Profitability over Past 10-Year	6

GF Value Rank

5/10

	Name	Current	Vs Industry		Vs History
	Forward PE Ratio	13.71
	PE Ratio without NRI	24.76
	Shiller PE Ratio	62.05
	PS Ratio	3.62
	PB Ratio	2.07
	Price-to-Tangible-Book	2.28
	Price-to-Free-Cash-Flow	78.71
	Price-to-Operating-Cash-Flow	13.9
	EV-to-EBIT	-62.32
	EV-to-Forward-EBIT	9.31
	EV-to-EBITDA	50.42
	EV-to-Forward-EBITDA	6.37
	EV-to-Revenue	4.53
	EV-to-Forward-Revenue	2.51
	EV-to-FCF	103.8
	Price-to-Projected-FCF	1.57
	Price-to-Median-PS-Value	1.28
	Price-to-Graham-Number	1.59
	Earnings Yield (Greenblatt) %	-1.6
	FCF Yield %	1.07
	Forward Rate of Return (Yacktman) %	-29.48

GF Value: $45.88

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