Newmont (NYSE:NEM) GF Value Rank

: 8 (As of Today)

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Newmont has the GF Value Rank of 8.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison

For the Gold subindustry, Newmont's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newmont GF Value Rank Distribution

For the Metals & Mining industry and Basic Materials sector, Newmont's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Newmont's GF Value Rank falls into.

Newmont GF Value Rank Related Terms

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

Newmont (NYSE:NEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (NYSE:NEM) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

NEM:Peru NEM:Mexico 0R28:UK NMM0:Germany NMM:Germany NMM:Germany NMM:Germany NMM:Germany NEM:Chile NGT:Canada N1EM34:Brazil NEM:Australia 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, producing about 6 million attributable ounces of gold in 2022, good for about 5% of global mined output. The company also produced 1.3 million attributable gold equivalent ounces from the sale of byproducts, including copper, silver, zinc, and lead in 2022. It had about two decades of gold reserves along with significant byproduct reserves at end 2022. After buying Goldcorp in 2019 and combining its Nevada mines in a joint venture with competitor Barrick later that year, Newmont's portfolio includes 12 wholly owned mines and interests in two joint ventures in the Americas, Africa, and Australia. It is also in the process of acquiring competitor Newcrest, with the deal likely to close in November 2023.

Executives

Natascha Viljoen	officer: EVP & COO	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Suzanne P Retallack	officer: CSSO	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Mark David Ebel	officer: Interim Chief Legal Officer	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Karyn F. Ovelmen	officer: EVP & CFO	STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Aaron Puna	officer: EVP & CTO	6900 E. LAYTON AVE., SUITE 700, DENVER CO 80237
Joshua Cage	officer: Interim Controller and CAO	6900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Mark Casper	officer: Acting CTO	7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Peter Toth	officer: EVP, Strategic Development	7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Madero Garza Jose Manuel	director	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564
Jane Nelson	director	6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Bruce R Brook	director	6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Patrick Awuah	director	7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Rene Medori	director	6363 S FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Julio M Quintana	director	3993 W. SAM HOUSTON PARKWAY N., STE. 100, HOUSTON TX 77043
Maura J Clark	director	C/O ELIZABETH ARDEN, INC., 2400 SW 145 AVENUE, MIRAMAR FL 33027