Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 91.92% year-on-year.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 35.00%.
Overvalued
The company’s latest PB is 3.01, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 879.38M shares, decreasing 3.17% quarter-over-quarter.
Held by Ray Dalio
Star Investor Ray Dalio holds 2.33M shares of this stock.