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Newmont Goldcorp

NYSE:NEM
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NEM
NYSE
$29B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Newmont Goldcorp Corporation, together with its subsidiaries, operates in the mining industry. The last earnings update was 51 days ago. More info.


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NEM Share Price and Events
7 Day Returns
0.7%
NYSE:NEM
1.3%
US Metals and Mining
0.5%
US Market
1 Year Returns
-6.4%
NYSE:NEM
-24.2%
US Metals and Mining
0.8%
US Market
NEM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Newmont Goldcorp (NEM) 0.7% 17.6% 8.4% -6.4% 0.8% 44.5%
US Metals and Mining 1.3% 1.8% -5.9% -24.2% 4.7% -18.4%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • NEM outperformed the Metals and Mining industry which returned -24.2% over the past year.
  • NEM underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
NEM
Industry
5yr Volatility vs Market

NEM Value

 Is Newmont Goldcorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Newmont Goldcorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Newmont Goldcorp.

NYSE:NEM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:NEM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.026 (1 + (1- 21%) (15.01%))
1.099
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.099 * 5.96%)
9.28%

Discounted Cash Flow Calculation for NYSE:NEM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Newmont Goldcorp is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:NEM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.28%)
2019 1,352.25 Analyst x4 1,237.45
2020 1,978.00 Analyst x5 1,656.40
2021 2,367.75 Analyst x4 1,814.45
2022 2,684.63 Est @ 13.38% 1,882.62
2023 2,958.12 Est @ 10.19% 1,898.30
2024 3,193.30 Est @ 7.95% 1,875.24
2025 3,397.16 Est @ 6.38% 1,825.59
2026 3,576.80 Est @ 5.29% 1,758.94
2027 3,738.49 Est @ 4.52% 1,682.38
2028 3,887.40 Est @ 3.98% 1,600.87
Present value of next 10 years cash flows $17,232.26
NYSE:NEM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $3,887.40 × (1 + 2.73%) ÷ (9.28% – 2.73%)
$60,994.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $60,994.34 ÷ (1 + 9.28%)10
$25,118.11
NYSE:NEM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $17,232.26 + $25,118.11
$42,350.36
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $42,350.36 / 819.63
$51.67
NYSE:NEM Discount to Share Price
Calculation Result
Value per share (USD) From above. $51.67
Current discount Discount to share price of $35.93
= -1 x ($35.93 - $51.67) / $51.67
30.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Newmont Goldcorp is available for.
Intrinsic value
30%
Share price is $35.93 vs Future cash flow value of $51.67
Current Discount Checks
For Newmont Goldcorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Newmont Goldcorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Newmont Goldcorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Newmont Goldcorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Newmont Goldcorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:NEM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.42
NYSE:NEM Share Price ** NYSE (2019-06-14) in USD $35.93
United States of America Metals and Mining Industry PE Ratio Median Figure of 44 Publicly-Listed Metals and Mining Companies 9.15x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Newmont Goldcorp.

NYSE:NEM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NEM Share Price ÷ EPS (both in USD)

= 35.93 ÷ 0.42

85.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Newmont Goldcorp is overvalued based on earnings compared to the US Metals and Mining industry average.
  • Newmont Goldcorp is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Newmont Goldcorp's expected growth come at a high price?
Raw Data
NYSE:NEM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 85.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
38.7%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 24 Publicly-Listed Metals and Mining Companies 0.57x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:NEM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 85.88x ÷ 38.7%

2.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Newmont Goldcorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Newmont Goldcorp's assets?
Raw Data
NYSE:NEM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $19.66
NYSE:NEM Share Price * NYSE (2019-06-14) in USD $35.93
United States of America Metals and Mining Industry PB Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 1.38x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:NEM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NEM Share Price ÷ Book Value per Share (both in USD)

= 35.93 ÷ 19.66

1.83x

* Primary Listing of Newmont Goldcorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Newmont Goldcorp is overvalued based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Newmont Goldcorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Newmont Goldcorp has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NEM Future Performance

 How is Newmont Goldcorp expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Newmont Goldcorp expected to grow at an attractive rate?
  • Newmont Goldcorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Newmont Goldcorp's earnings growth is expected to exceed the United States of America market average.
  • Newmont Goldcorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:NEM Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:NEM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 38.7%
NYSE:NEM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 10%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:NEM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:NEM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,495
2022-12-31 3,465
2021-12-31 11,233 3,683 1,367 6
2020-12-31 11,178 3,535 1,098 10
2019-12-31 9,772 2,976 767 10
NYSE:NEM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 7,239 2,135 223
2018-12-31 7,253 1,827 280
2018-09-30 7,109 2,043 -250
2018-06-30 7,262 2,104 124
2018-03-31 7,506 2,016 24
2017-12-31 7,379 2,124 -76
2017-09-30 7,233 2,012 82
2017-06-30 7,145 2,382 38
2017-03-31 6,939 2,637 -138
2016-12-31 6,680 2,283 -226
2016-09-30 6,374 2,431 -105
2016-06-30 6,143 2,385 -115

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Newmont Goldcorp's earnings are expected to grow significantly at over 20% yearly.
  • Newmont Goldcorp's revenue is expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:NEM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Newmont Goldcorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NEM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.12 1.12 1.12 1.00
2022-12-31 1.12 1.12 1.12 1.00
2021-12-31 1.50 1.72 1.15 5.00
2020-12-31 1.34 1.85 1.02 7.00
2019-12-31 1.10 1.35 0.68 6.00
NYSE:NEM Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.42
2018-12-31 0.53
2018-09-30 -0.47
2018-06-30 0.23
2018-03-31 0.04
2017-12-31 -0.14
2017-09-30 0.15
2017-06-30 0.07
2017-03-31 -0.26
2016-12-31 -0.43
2016-09-30 -0.20
2016-06-30 -0.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Newmont Goldcorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Newmont Goldcorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Newmont Goldcorp has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NEM Past Performance

  How has Newmont Goldcorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Newmont Goldcorp's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Newmont Goldcorp has delivered over 20% year on year earnings growth in the past 5 years.
  • Newmont Goldcorp's 1-year earnings growth exceeds its 5-year average (829.2% vs 42.5%)
  • Newmont Goldcorp's earnings growth has exceeded the US Metals and Mining industry average in the past year (829.2% vs 43.8%).
Earnings and Revenue History
Newmont Goldcorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Newmont Goldcorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NEM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7,239.00 223.00 467.00 146.00
2018-12-31 7,253.00 280.00 466.00 153.00
2018-09-30 7,109.00 -250.00 430.00 151.00
2018-06-30 7,262.00 124.00 432.00 155.00
2018-03-31 7,506.00 24.00 452.00 151.00
2017-12-31 7,379.00 -76.00 444.00 143.00
2017-09-30 7,233.00 82.00 423.00 128.00
2017-06-30 7,145.00 38.00 398.00 121.00
2017-03-31 6,939.00 -138.00 389.00 133.00
2016-12-31 6,680.00 -226.00 406.00 134.00
2016-09-30 6,374.00 -105.00 387.00 144.00
2016-06-30 6,143.00 -115.00 378.00 141.00
2016-03-31 5,575.00 -188.00 389.00 125.00
2015-12-31 6,085.00 -1.00 397.00 126.00
2015-09-30 6,650.00 314.00 388.00 128.00
2015-06-30 6,836.00 365.00 384.00 133.00
2015-03-31 7,500.00 606.00 362.00 147.00
2014-12-31 6,819.00 650.00 400.00 159.00
2014-09-30 7,463.00 -686.00 354.00 177.00
2014-06-30 7,737.00 -477.00 373.00 208.00
2014-03-31 7,990.00 -2,792.00 414.00 212.00
2013-12-31 8,414.00 -2,595.00 450.00 222.00
2013-09-30 8,702.00 -755.00 450.00 255.00
2013-06-30 9,162.00 -774.00 508.00 262.00
2013-03-31 9,373.00 1,638.00 541.00 298.00
2012-12-31 9,964.00 1,878.00 568.00 348.00
2012-09-30 10,157.00 212.00 619.00 384.00
2012-06-30 10,421.00 305.00 607.00 403.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Newmont Goldcorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Newmont Goldcorp used its assets less efficiently than the US Metals and Mining industry average last year based on Return on Assets.
  • Newmont Goldcorp has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Newmont Goldcorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Newmont Goldcorp has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NEM Health

 How is Newmont Goldcorp's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Newmont Goldcorp's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Newmont Goldcorp is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Newmont Goldcorp's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Newmont Goldcorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Newmont Goldcorp Company Filings, last reported 2 months ago.

NYSE:NEM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,519.00 4,420.00 3,601.00
2018-12-31 11,512.00 4,261.00 3,445.00
2018-09-30 11,623.00 4,190.00 3,126.00
2018-06-30 11,833.00 4,121.00 3,183.00
2018-03-31 11,555.00 4,095.00 3,170.00
2017-12-31 11,519.00 4,065.00 3,321.00
2017-09-30 12,231.00 4,050.00 3,045.00
2017-06-30 12,040.00 4,623.00 3,166.00
2017-03-31 11,916.00 4,621.00 2,970.00
2016-12-31 11,874.00 4,615.00 2,812.00
2016-09-30 14,109.00 5,116.00 2,179.00
2016-06-30 14,383.00 5,571.00 2,948.00
2016-03-31 14,253.00 5,704.00 2,488.00
2015-12-31 14,292.00 5,863.00 2,382.00
2015-09-30 14,569.00 6,351.00 2,989.00
2015-06-30 14,268.00 6,383.00 3,341.00
2015-03-31 13,363.00 6,452.00 2,637.00
2014-12-31 13,089.00 6,646.00 2,476.00
2014-09-30 13,099.00 6,773.00 1,860.00
2014-06-30 13,091.00 6,785.00 1,737.00
2014-03-31 12,881.00 6,761.00 1,558.00
2013-12-31 12,909.00 6,740.00 1,633.00
2013-09-30 14,542.00 6,536.00 1,566.00
2013-06-30 14,238.00 6,774.00 1,876.00
2013-03-31 17,125.00 6,389.00 1,453.00
2012-12-31 16,948.00 6,298.00 1,647.00
2012-09-30 16,516.00 6,124.00 1,638.00
2012-06-30 15,989.00 6,128.00 2,029.00
  • Newmont Goldcorp's level of debt (35.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (52.5% vs 35.1% today).
  • Debt is well covered by operating cash flow (52.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
X
Financial health checks
We assess Newmont Goldcorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Newmont Goldcorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NEM Dividends

 What is Newmont Goldcorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.56%
Current annual income from Newmont Goldcorp dividends. Estimated to be 1.57% next year.
If you bought $2,000 of Newmont Goldcorp shares you are expected to receive $31 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Newmont Goldcorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Newmont Goldcorp's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:NEM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:NEM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.55 6.00
2020-12-31 0.57 10.00
2019-12-31 0.56 8.00
NYSE:NEM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.560 1.749
2019-02-20 0.560 1.615
2018-10-24 0.560 1.696
2018-07-24 0.560 1.736
2018-04-24 0.560 1.453
2018-02-20 0.560 1.437
2017-10-24 0.300 0.803
2017-07-19 0.300 0.805
2017-04-19 0.200 0.599
2017-02-17 0.200 0.588
2016-10-26 0.200 0.579
2016-07-20 0.100 0.252
2016-04-19 0.100 0.284
2016-02-12 0.100 0.373
2015-10-27 0.100 0.534
2015-07-22 0.100 0.581
2015-04-21 0.100 0.409
2015-02-17 0.100 0.428
2014-10-29 0.100 0.490
2014-02-21 1.225 5.026
2014-02-20 1.225 5.124
2013-04-30 1.400 5.096
2013-04-29 1.400 4.221
2013-02-20 1.700 4.446
2012-10-31 1.400 3.077
2012-07-24 1.400 2.742
2012-04-24 1.400 2.947
2012-02-22 1.400 2.644
2011-10-26 1.400 2.206
2011-07-27 1.200 1.944
2011-04-20 0.800 1.455
2011-02-23 0.600 1.098
2010-10-27 0.600 1.017
2010-07-28 0.600 0.996
2010-04-23 0.400 0.703
2010-02-25 0.400 0.776
2009-10-28 0.400 0.828
2009-07-22 0.400 0.928

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Newmont Goldcorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Newmont Goldcorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Newmont Goldcorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Newmont Goldcorp has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NEM Management

 What is the CEO of Newmont Goldcorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Goldberg
COMPENSATION $11,393,771
AGE 59
TENURE AS CEO 6.3 years
CEO Bio

Mr. Gary J. Goldberg serves as Chief Executive Officer and joined Newmont Goldcorp Corporation (formerly known as Newmont Mining Corporation)’s Board of Directors in March 2013. He served as President at Newmont Mining Corporation until November, 2018. Previously, Mr. Goldberg served as President and Chief Operating Officer of Newmont from July 2012 until March 2013, and as Executive Vice President and Chief Operating Officer from December 2011 to July 2012. He has Chief Executive Officer/Executive Management Skills — Served as President and Chief Executive Officer of Rio Tinto Minerals from 2006 to 2011; President and Chief Executive Officer of Rio Tinto Borax from 2004 to 2006; Managing Director, Coal and Allied Industries Ltd. 2001 to 2004; President and Chief Executive Officer, Kennecott Energy 1999 to 2001; and other leadership roles in Rio Tinto’s coal, copper, industrial minerals and gold businesses. He has mining industry experience with senior executive oversight of operations, marketing, mergers and acquisitions, divestments, procurement, labor relations and regulatory issues. Served as Chairman of the United States National Mining Association from 2008 to 2010 and currently serving as Co-Chair for the World Economic Forum Mining and Metals Governors. Awarded Bachelor of Science degree in Mining Engineering from the University of Wisconsin-Platteville. He has International Experience — Extensive senior executive experience with responsibility for businesses in Africa, Australia, Asia, Europe, North America and South America; served in senior executive roles based in Australia, the UK and the US. He has Health, Safety, Environmental and Social Responsibility Experience — Director of California’s Climate Action Registry; appointed to the Australian Government’s Business Roundtable on Sustainable Development. 2013 recipient of the coveted Daniel C. Jackling Award, for his lifelong commitment to health and safety and his demonstrable progress at both Newmont and Rio Tinto towards achieving zero harm. He is Financial Expertise — Extensive financial management experience in senior executive roles. Awarded MBA from the University of Utah. He served as a Director at Coal & Allied Industries Ltd. and Rio Tinto Zimbabwe.

CEO Compensation
  • Gary's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gary's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Newmont Goldcorp management team in years:

3.1
Average Tenure
51
Average Age
  • The tenure for the Newmont Goldcorp management team is about average.
Management Team

Gary Goldberg

TITLE
CEO & Director
COMPENSATION
$11M
AGE
59
TENURE
6.3 yrs

Tom Palmer

TITLE
President
COMPENSATION
$5M
AGE
50
TENURE
0.6 yrs

Nancy Buese

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
48
TENURE
2.7 yrs

Scott Lawson

TITLE
Executive VP & CTO
COMPENSATION
$3M
AGE
56
TENURE
3.1 yrs

Randy Engel

TITLE
Executive Vice President of Strategic Development
COMPENSATION
$3M
AGE
51
TENURE
10.7 yrs

Robert Atkinson

TITLE
Executive VP & COO

John Kitlen

TITLE
VP, Controller & Chief Accounting Officer
AGE
54
TENURE
3 yrs

Jim Zetwick

TITLE
Chief Information Officer & VP
TENURE
6 yrs

Jessica Largent

TITLE
Vice President of Investor Relations
TENURE
1.6 yrs

Steve Gottesfeld

TITLE
Executive VP & General Counsel
COMPENSATION
$4M
AGE
50
TENURE
9.4 yrs
Board of Directors Tenure

Average tenure and age of the Newmont Goldcorp board of directors in years:

6.8
Average Tenure
63
Average Age
  • The tenure for the Newmont Goldcorp board of directors is about average.
Board of Directors

Noreen Doyle

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$615K
AGE
69
TENURE
3.2 yrs

Gary Goldberg

TITLE
CEO & Director
COMPENSATION
$11M
AGE
59
TENURE
6.3 yrs

Ronee Hagen

TITLE
Director
COMPENSATION
$322K
AGE
72
TENURE
13.7 yrs

Joe Carrabba

TITLE
Director
COMPENSATION
$310K
AGE
65
TENURE
12.4 yrs

Bruce Brook

TITLE
Director
COMPENSATION
$325K
AGE
63
TENURE
8.4 yrs

Jane Nelson

TITLE
Director
COMPENSATION
$298K
AGE
57
TENURE
8.4 yrs

Jude Bucknor

TITLE
Director
COMPENSATION
$287K
AGE
63
TENURE
7.4 yrs

Greg Boyce

TITLE
Director
COMPENSATION
$302K
AGE
64
TENURE
3.7 yrs

Julio Quintana

TITLE
Director
COMPENSATION
$287K
AGE
58
TENURE
3.7 yrs

Sheri Hickok

TITLE
Director
COMPENSATION
$285K
AGE
40
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Newmont Goldcorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Newmont Goldcorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NEM News

Simply Wall St News

How Much Did Newmont Mining Corporation's (NYSE:NEM) CEO Pocket Last Year?

Gary Goldberg became the CEO of Newmont Mining Corporation (NYSE:NEM) in 2013. … First, this article will compare CEO compensation with compensation at other large companies. … How Does Gary Goldberg's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Could The Newmont Mining Corporation (NYSE:NEM) Ownership Structure Tell Us Something Useful?

Every investor in Newmont Mining Corporation (NYSE:NEM) should be aware of the most powerful shareholder groups. … Newmont Mining is a pretty big company. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Estimating The Fair Value Of Newmont Mining Corporation (NYSE:NEM)

I am going to run you through how I calculated the intrinsic value of Newmont Mining Corporation (NYSE:NEM). … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Why Newmont Mining Corporation (NYSE:NEM) Could Have A Place In Your Portfolio

I've been keeping an eye on Newmont Mining Corporation (NYSE:NEM) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe NEM has a lot to offer. … is a company with great financial health as well as a.

Simply Wall St -

Has Newmont Mining Corporation (NYSE:NEM) Got Enough Cash?

Common characteristics for these big stocks are their strong balance sheet and high liquidity, which means there's plenty of stocks available to the public for trading. … These firms won’t be left high and dry if liquidity dries up, and they will be relatively unaffected by rises in interest rates. … Today I will analyse the latest financial data for NEM to determine is solvency and liquidity and whether the stock is a sound investment.

Simply Wall St -

Does Newmont Mining Corporation's (NYSE:NEM) CEO Salary Compare Well With Others?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

Estimating The Intrinsic Value Of Newmont Mining Corporation (NYSE:NEM)

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Newmont Mining Corporation (NYSE:NEM) as an investment opportunity. … by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF).

Simply Wall St -

Is It Time To Buy Newmont Mining Corporation (NYSE:NEM)?

This means that the opportunity to buy Newmont Mining at a good price has disappeared! … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … What does the future of Newmont Mining look like?

Simply Wall St -

Is It Too Late To Buy Newmont Mining Corporation (NYSE:NEM) At Its May Price?

Newmont Mining is trading at price-to-earnings (PE) ratio of 533.1x, this also tells us the stock is overvalued based on current earnings compared to the metals and mining industry average of 12.55x , and overvalued compared to the US market average ratio of 18.37x. … But, to properly examine the value of a high-growth stock such as Newmont Mining, we must reflect its earnings growth into the valuation. … Based on this growth, Newmont Mining's stock can be considered highly overvalued , based on its fundamentals.

Simply Wall St -

Why Newmont Mining Corporation's (NYSE:NEM) ROE Of 0.34% Does Not Tell The Whole Story

View our latest analysis for Newmont Mining Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Since Newmont Mining’s return does not cover its cost, with a difference of -11.10%, this means its current use of equity is not efficient and not sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:NEM Last Perf May 11th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

NEM Company Info

Description

Newmont Goldcorp Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of December 31, 2018, the company had proven and probable gold reserves of 65.4 million ounces and an aggregate land position of approximately 24,000 square miles. The company was formerly known as Newmont Mining Corporation and changed its name to Newmont Goldcorp Corporation in April 2019. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

Details
Name: Newmont Goldcorp Corporation
NEM
Exchange: NYSE
Founded: 1916
$29,449,431,547
819,633,497
Website: http://www.newmont.com
Address: Newmont Goldcorp Corporation
6363 South Fiddler’s Green Circle,
Suite 800,
Greenwood Village,
Colorado, 80111,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NEM Common Shares New York Stock Exchange US USD 02. Jan 1968
DB NMM Common Shares Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA NMM Common Shares XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0R28 Common Shares London Stock Exchange GB USD 02. Jan 1968
TSX NGT Common Shares The Toronto Stock Exchange CA CAD 02. Jan 1968
SWX NEM Common Shares SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG NEWM Common Shares Wiener Boerse AG AT EUR 02. Jan 1968
SNSE NEM Common Shares Santiago Stock Exchange CL USD 02. Jan 1968
BMV NEM * Common Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BASE NEM CEDEAR EACH REPR 1 COM USD1.60 Buenos Aires Stock Exchange AR ARS 16. Jan 2004
Number of employees
Current staff
Staff numbers
12,400
Newmont Goldcorp employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 23:42
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.