NEWMONT CORPORATION REGISTERED (NEM)
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NEM - NEWMONT CORPORATION REGISTERED

FNArena Sector : Gold & Silver
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 2.17
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$48.40

01 Mar
2024

2.410

OPEN

$47.85

5.24%

HIGH

$48.56

937,716

LOW

$47.77

TARGET
$67.667 39.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
A1M . ADT . ALK . AMI . BC8 . BEZ . BGL . CAI . CEL . CMM . CNB . CVV . CYL . DEG . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MZZ . NST . NVA . OBM . ORR . PDI . PNR . PRU . RED . RMS . RRL . RSG . RXL . SBM . SLR . SPR . SSR . STM . STN . SVL . TBR . TIE . TTM . WAF . WGX .
FNARENA'S MARKET CONSENSUS FORECASTS
NEM: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 256.9 xxx
DPS (cps) xxx N/A 136.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 18.8 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx N/A 53.1% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/11 - ex-div 42.722c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-451.6
DPS All xxxxxxxxxxxxxxx59.4
Sales/Revenue xxxxxxxxxxxxxxx17,739.7 M
Book Value Per Share xxxxxxxxxxxxxxx3,692.7
Net Operating Cash Flow xxxxxxxxxxxxxxx4,162.6 M
Net Profit Margin xxxxxxxxxxxxxxx-21.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-10.69 %
Return on Invested Capital xxxxxxxxxxxxxxx-8.34 %
Return on Assets xxxxxxxxxxxxxxx-5.50 %
Return on Equity xxxxxxxxxxxxxxx-10.69 %
Return on Total Capital xxxxxxxxxxxxxxx2.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1,985.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx3,020 M
Long Term Debt xxxxxxxxxxxxxxx10,984 M
Total Debt xxxxxxxxxxxxxxx14,005 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx4,449 M
Price To Book Value xxxxxxxxxxxxxxx1.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx4,016.5 M
Capex % of Sales xxxxxxxxxxxxxxx22.64 %
Cost of Goods Sold xxxxxxxxxxxxxxx15,977 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx783 M
Research & Development xxxxxxxxxxxxxxx301 M
Investments - Total xxxxxxxxxxxxxxx6,850 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

27/02/2024

1

Buy

$76.00

57.02%

The 2023 results from Newmont were weaker than Ord Minnett expected. After its recent purchase of Newcrest, the broker believes management has the opportunity to reset expectations and update mine plans.

The company is also targeting the sale of six smaller, higher-cost mines. The broker now forecasts 2024 attributable gold sales of around 6.9m ounces, rising to around 8.5m ounces midcycle from 2028.

Ord Minnett would prefer Newmont devote most of the sale proceeds from mine sales to buying back shares as this would be value accretive, but a share repurchase program of up to US$1bn has been introduced, funded from the proceeds of mine sales after debt is reduced. A Buy rating is maintained. Target is $76.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 149.30 cents and EPS of 304.60 cents.
Ord Minnett forecasts a full year FY25 dividend of 149.30 cents and EPS of 345.10 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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NEM STOCK CHART