Comparing Newmont Mining Corporation (NEM) & Its Competitors
Newmont Mining Corporation (NYSE: NEM) is one of 61 public companies in the “Gold Mining” industry, but how does it weigh in compared to its peers? We will compare Newmont Mining Corporation to similar companies based on the strength of its dividends, valuation, earnings, risk, institutional ownership, analyst recommendations and profitability.
Insider and Institutional Ownership
80.4% of Newmont Mining Corporation shares are held by institutional investors. Comparatively, 43.6% of shares of all “Gold Mining” companies are held by institutional investors. 0.3% of Newmont Mining Corporation shares are held by insiders. Comparatively, 7.9% of shares of all “Gold Mining” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Newmont Mining Corporation pays an annual dividend of $0.30 per share and has a dividend yield of 0.8%. Newmont Mining Corporation pays out 42.9% of its earnings in the form of a dividend. As a group, “Gold Mining” companies pay a dividend yield of 0.9% and pay out 56.0% of their earnings in the form of a dividend.
Risk & Volatility
Newmont Mining Corporation has a beta of 0.11, suggesting that its stock price is 89% less volatile than the S&P 500. Comparatively, Newmont Mining Corporation’s peers have a beta of -0.14, suggesting that their average stock price is 114% less volatile than the S&P 500.
This table compares Newmont Mining Corporation and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Newmont Mining Corporation||1.18%||6.20%||3.55%|
|Newmont Mining Corporation Competitors||-2,891.84%||-8.41%||-4.09%|
Earnings & Valuation
This table compares Newmont Mining Corporation and its peers revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Newmont Mining Corporation||$6.71 billion||-$627.00 million||51.73|
|Newmont Mining Corporation Competitors||$2.41 billion||-$32.21 million||167.36|
Newmont Mining Corporation has higher revenue, but lower earnings than its peers. Newmont Mining Corporation is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This is a summary of recent recommendations and price targets for Newmont Mining Corporation and its peers, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Newmont Mining Corporation||1||6||9||0||2.50|
|Newmont Mining Corporation Competitors||470||1822||2137||47||2.39|
Newmont Mining Corporation currently has a consensus price target of $40.70, suggesting a potential upside of 12.39%. As a group, “Gold Mining” companies have a potential upside of 47.37%. Given Newmont Mining Corporation’s peers higher possible upside, analysts plainly believe Newmont Mining Corporation has less favorable growth aspects than its peers.
Newmont Mining Corporation beats its peers on 9 of the 15 factors compared.
Newmont Mining Corporation Company Profile
Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa. The Company’s North America segment consists primarily of Carlin, Phoenix, Twin Creeks and Long Canyon in the state of Nevada, and Cripple Creek &Victor (CC&V) in the state of Colorado, in the United States. The Company’s South America segment consists primarily of Yanacocha in Peru and Merian in Suriname. The Company’s Asia Pacific segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Company’s Africa segment consists primarily of Ahafo and Akyem in Ghana. As of December 31, 2016, it had gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles (59,000 square kilometers).
Receive News & Ratings for Newmont Mining Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining Corporation and related companies with MarketBeat.com's FREE daily email newsletter.