Newmont NEM
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Newmont (NEM) Business Model and Operations Summary
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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It 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.
Key Insights
Newmont (NEM) Core Market Data and Business Metrics
Latest Closing Price
$48.29Market Cap
$54.33 BillionAverage Daily Trade Volume
10,239,233 SharesPrice-Earnings Ratio
-22.78Total Outstanding Shares
1.13 Billion SharesCEO
Mr. Thomas Ronald PalmerTotal Employees
22,200Dividend
$0.25 Per Share QuarterlyIPO Date
December 21, 1951SIC Description
Gold And Silver OresPrimary Exchange
New York Stock ExchangeHeadquarters
6900 E Layton Ave, Denver, CO, 80237
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow, Continuing | $-264 Million |
| Net Cash Flow, Discontinued | $198 Million |
| Net Cash Flow | $-66 Million |
| Net Cash Flow From Financing Activities, Continuing | $-2.28 Billion |
| Net Cash Flow From Operating Activities | $4.47 Billion |
| Net Cash Flow From Financing Activities | $-2.28 Billion |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Research and Development | $217 Million |
| Income/Loss Before Equity Method Investments | $-579 Million |
| Revenues | $16.99 Billion |
| Net Income/Loss | $-1.19 Billion |
| Net Income/Loss Attributable To Parent | $-1.21 Billion |
| Income/Loss From Continuing Operations After Tax | $-1.27 Billion |
Comprehensive Income
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $25 Million |
| Other Comprehensive Income/Loss | $13 Million |
| Comprehensive Income/Loss | $-1.18 Billion |
| Comprehensive Income/Loss Attributable To Parent | $-1.20 Billion |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Long-term Debt | $8.55 Billion |
| Equity Attributable To Parent | $29.71 Billion |
| Equity Attributable To Noncontrolling Interest | $184 Million |
| Other Non-current Assets | $9.90 Billion |
| Assets | $56.17 Billion |
| Fixed Assets | $33.70 Billion |
Historical Dividends
Current dividend: $0.25 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 20, 2025 | Mar 27, 2025 | Mar 4, 2025 | $0.25 | Quarterly |
| Oct 23, 2024 | Dec 23, 2024 | Nov 27, 2024 | $0.25 | Quarterly |
| Jul 24, 2024 | Sep 30, 2024 | Sep 5, 2024 | $0.25 | Quarterly |
| Apr 25, 2024 | Jun 27, 2024 | Jun 4, 2024 | $0.25 | Quarterly |
| Feb 22, 2024 | Mar 28, 2024 | Mar 5, 2024 | $0.25 | Quarterly |
| Oct 26, 2023 | Dec 22, 2023 | Nov 30, 2023 | $0.4 | Quarterly |