Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Newmont's current 3-Year Share Buyback Ratio was -12.50%.
The historical rank and industry rank for Newmont's 3-Year Share Buyback Ratio or its related term are showing as below:
NEM'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -37.3 Med: -3 Max: 2
Current: -12.5
During the past 13 years, Newmont's highest 3-Year Share Buyback Ratio was 2.00%. The lowest was -37.30%. And the median was -3.00%.
NEM's 3-Year Share Buyback Ratio is ranked better than 56.08% of 2056
companies
in the Metals & Mining industry
Industry Median: -14.8
vs NEM: -12.50
Competitive Comparison of Newmont's 3-Year Share Buyback Ratio
For the Gold subindustry, Newmont's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Newmont's 3-Year Share Buyback Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Newmont's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Newmont's 3-Year Share Buyback Ratio falls into.
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
Newmont (NYSE:NEM) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Newmont 3-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Newmont's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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 sell roughly 5.6 million ounces of gold in 2025 from its core mines after selling six higher-cost, smaller mines. 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 2024.
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