Newmont (ASX:NEM) Earnings Yield % : N/A% (As of Dec. 13, 2024)

View and export this data going back to 2023. Start your Free Trial

What is Newmont Earnings Yield %?

The earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.

As of today (2024-12-13), the stock price of Newmont is A$65.23. Newmont's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was A$-2.27. Therefore, Newmont's earnings yield of today is N/A%.

The earnings yield does not consider the growth of the business. A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Newmont's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was -32.35%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.

Newmont Earnings Yield % Calculation

Earnings yield is the reciprocal of the P/E Ratio.

Newmont's Earnings Yield for today is calculated as

Earnings Yield	=	Earnings per Share (Diluted) (TTM)	/	Share Price
	=	-2.271	/	65.23
	=	N/A %

Newmont's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was A$-2.271 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

Earnings Yield

Net Income

Market Cap

The earnings in the calculation is the Trailing Twelve Months earnings.

Newmont (ASX:NEM) Earnings Yield % Explanation

If the P/E ratio is an indication of how many years it takes for the company to earn back the stock price shareholders pay to buy the shares, the earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.

If a company loses money, the earnings yield is negative. This gives a more straightforward indication that the company is losing money. This is an advantage of using earnings yield instead of the P/E ratio in valuation. For valuation purposes, the P/B Ratio and the P/S Ratio should be used for companies that are losing money.

Like the P/E ratio, the earnings yield can be used to compare investments in different industries. It can even be used to compare the attractiveness of different asset classes such as bonds and cash. Of course, the earnings yield should not be the only factor in deciding which asset classes to invest.

Also similar to the P/E ratio, the earnings yield does not consider the growth of the business. A growing company with the same earnings yield should be more attractive than a company that has the same earnings yield but does not grow.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %.

Be Aware

Just like the P/E Ratio, non-recurring items such as selling part of the business, selling a previous investment, etc., can affect earnings yield dramatically. The earning yield is also a poor indication for cyclical companies. When a cyclical stock has a high earnings yield it is usually at the peak of its cycle.

Newmont Earnings Yield % Related Terms

Thank you for viewing the detailed overview of Newmont's Earnings Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.

Newmont Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (ASX:NEM) » Definitions » Earnings Yield %

Comparable Companies

Traded in Other Exchanges

NEMCL:USA NEM:USA NEM:Peru NEM:Mexico 1NEM:Italy 0R28:UK NMM0:Germany NMM0:Germany NMM0:Germany NMM:Germany NMM:Germany NMM:Germany NMM:Germany NEM:Chile NGT:Canada N1EM34:Brazil NEWM:Austria NEM:Argentina

Address

6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237

Website

https://www.newmont.com

Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.