Basic Materials · NYSE/NASDAQ: NEM
NEWMONT Corp /DE/
Gold
Market Cap $112.95B
Verdict: High
Quality Scores
Multi-Bagger
74/100
Compounder Quality
79/100
Management Credibility
80/100
Governance
92/100
Cash Flow Quality
92/100
AI Summary
Newmont Corporation (NEM) has undergone a tectonic shift over the last decade, evolving through massive M&A—specifically the Goldcorp acquisition in 2019 and Newcrest in 2023. These moves have catapulted revenue from $6.71B in 2016 to an estimated $22.67B by 2025. While the company faces the inherent volatility of gold and copper pricing, its scale has reached a critical mass that allows for superior operating leverage. Recent years show a significant pivot toward high-margin production, reflected in the projected $7.08B net income for 2025. The company remains the world’s leading gold…
Top Opportunities
- World's largest gold producer with significant scale benefits
- Tier 1 asset portfolio in low-risk jurisdictions
- Exceptional Cash Flow from Operations (CFO) growth in 2024-2025
Top Risks
- Extremely volatile Net Income history
- Heavy reliance on gold spot prices for profitability
- Significant asset impairment charges recorded in 2023
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