Newmont Corporation's (NYSE:NEM) 26% Share Price Surge Not Quite Adding Up
Apr 12
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U.S. Gold Industry Analysis
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies73
- 7D21.3%
- 3M41.8%
- 1Y58.1%
- YTDn/a
In the last week, the Gold industry is up 21%, with Newmont up 24%. In the last 12 months, the industry was up 58%. Looking forward, earnings are forecast to grow by 6.6% annually.
Industry Valuation and Performance
Has the U.S. Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 14 Apr 2025 | US$165.4b | US$36.6b | US$6.9b | 20.2x | 24x | 4.5x |
| Wed, 12 Mar 2025 | US$131.5b | US$36.6b | US$7.0b | 15.5x | 18.7x | 3.6x |
| Fri, 07 Feb 2025 | US$134.7b | US$33.8b | US$952.6m | 24.8x | 141.4x | 4x |
| Sun, 05 Jan 2025 | US$112.6b | US$33.7b | US$950.3m | 20.4x | 118.5x | 3.3x |
| Tue, 03 Dec 2024 | US$118.2b | US$33.8b | US$951.9m | 19.9x | 124.1x | 3.5x |
| Thu, 31 Oct 2024 | US$130.6b | US$32.9b | -US$288,027,266.74 | 26.2x | -453.5x | 4x |
| Sat, 28 Sep 2024 | US$137.3b | US$30.8b | -US$1,001,978,692.51 | 25.5x | -137x | 4.5x |
| Mon, 26 Aug 2024 | US$132.3b | US$30.5b | -US$1,014,881,642.09 | 27.6x | -130.3x | 4.3x |
| Wed, 24 Jul 2024 | US$122.3b | US$27.8b | -US$2,339,790,548.57 | 34.5x | -52.3x | 4.4x |
| Fri, 21 Jun 2024 | US$107.5b | US$27.8b | -US$2,338,035,719.10 | 33.2x | -46x | 3.9x |
| Sun, 19 May 2024 | US$114.6b | US$27.8b | -US$2,334,255,514.22 | 30.6x | -49.1x | 4.1x |
| Tue, 16 Apr 2024 | US$102.0b | US$26.1b | -US$685,325,973.10 | 13.3x | -148.9x | 3.9x |
| Thu, 14 Mar 2024 | US$91.8b | US$26.1b | -US$459,697,193.79 | 14.4x | -199.7x | 3.5x |
| Sat, 10 Feb 2024 | US$83.1b | US$24.8b | US$1.7b | 15.9x | 48.1x | 3.3x |
| Mon, 08 Jan 2024 | US$96.3b | US$27.9b | US$1.9b | 10.4x | 51x | 3.4x |
| Wed, 06 Dec 2023 | US$96.5b | US$28.1b | US$1.9b | 11.1x | 51.9x | 3.4x |
| Fri, 03 Nov 2023 | US$73.5b | US$28.1b | US$1.8b | 10.4x | 40.4x | 2.6x |
| Sun, 01 Oct 2023 | US$72.3b | US$28.0b | US$1.8b | 10.6x | 41.1x | 2.6x |
| Tue, 29 Aug 2023 | US$67.0b | US$20.4b | US$1.5b | 13x | 44.7x | 3.3x |
| Thu, 27 Jul 2023 | US$75.0b | US$20.3b | US$1.4b | 31.3x | 53.1x | 3.7x |
| Sat, 24 Jun 2023 | US$70.6b | US$20.7b | US$1.6b | 29x | 43.1x | 3.4x |
| Mon, 22 May 2023 | US$75.9b | US$20.7b | US$1.7b | 28.2x | 45.3x | 3.7x |
| Wed, 19 Apr 2023 | US$82.9b | US$20.9b | US$218.9m | 16.2x | 378.5x | 4x |
| Fri, 17 Mar 2023 | US$71.8b | US$20.9b | US$170.3m | 10.5x | 421.8x | 3.4x |
| Sun, 12 Feb 2023 | US$75.3b | US$20.7b | US$1.4b | 11.5x | 52x | 3.6x |
| Tue, 10 Jan 2023 | US$80.6b | US$20.7b | US$1.5b | 13.3x | 55.5x | 3.9x |
| Thu, 08 Dec 2022 | US$74.1b | US$20.7b | US$1.4b | 12.8x | 51.1x | 3.6x |
| Sat, 05 Nov 2022 | US$64.2b | US$20.8b | US$1.5b | 19.5x | 41.7x | 3.1x |
| Mon, 03 Oct 2022 | US$64.0b | US$20.5b | US$1.5b | 11.2x | 43.1x | 3.1x |
| Wed, 31 Aug 2022 | US$63.8b | US$20.5b | US$1.5b | 11.3x | 43.6x | 3.1x |
| Fri, 29 Jul 2022 | US$66.7b | US$20.0b | US$1.6b | 11x | 42x | 3.3x |
| Sun, 26 Jun 2022 | US$86.8b | US$20.1b | US$1.9b | 10.9x | 46.8x | 4.3x |
| Tue, 24 May 2022 | US$92.0b | US$20.1b | US$1.9b | 13.5x | 49.5x | 4.6x |
| Thu, 21 Apr 2022 | US$113.0b | US$19.4b | US$1.9b | 26.3x | 58.3x | 5.8x |
Price to Earnings Ratio
58.3x
Current Industry PE
- Investors are pessimistic on the American Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 24.0x which is lower than its 3-year average PE of 38.2x.
- The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 53% per year over the last three years.
- Revenues for these companies have grown 24% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Gold compare with similar industries?
| US Market | 5.42% | |
| Materials | 4.59% | |
| Metals and Mining | 13.03% | |
| Gold | 21.29% | |
| Silver | 22.61% | |
| Copper | 10.50% | |
| Steel | 6.69% | |
| Diversified Metals and Mining | 4.38% | |
| Aluminum | 0.78% | |
| Precious Metals and Minerals | -0.96% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NEM Newmont | US$54.97 | 24.4% +US$12.2b | 42.3% | PE18.9x | |
| AEM Agnico Eagle Mines | US$117.65 | 18.3% +US$9.1b | 91.5% | PE31.2x | |
| AU AngloGold Ashanti | US$42.79 | 27.5% +US$4.7b | 79.4% | PE21.5x | |
| RGLD Royal Gold | US$179.58 | 15.4% +US$1.6b | 49.6% | PE35.6x | |
| CDE Coeur Mining | US$5.92 | 21.8% +US$677.9m | 27.6% | PE64.3x |
