Is Newmont a good stock to buy?

Valuation metrics show that Newmont Corporation may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of NEM, demonstrate its potential to perform inline with the market. It currently has a Growth Score of C.

Is Newmont a good company?

Great company I hired on at newmont and the culture was amazing. At my site they had introduced amazing technology and advancements in the underground mining industry. The pay, pension, and benefits were great. Management and culture has suffered very little.

What companies does Newmont own?

How does Newmont make money?

Newmont Corporation’s (NYSE: NEM) revenue from gold mining increased from $7 billion in 2017 to $9 billion in 2019, primarily driven by higher shipments on account of additional mines in the portfolio due to the merger with mining giant Goldcorp in early 2019, along with higher gold prices.

Is Newmont a buy or sell?

Newmont has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.

Will Newmont stock go up?

Stock Price Forecast The 18 analysts offering 12-month price forecasts for Newmont Corporation have a median target of 71.50, with a high estimate of 86.13 and a low estimate of 60.00. The median estimate represents a +25.48% increase from the last price of 56.98.

Who does Newmont sell gold to?

Northern Star Resources
Super Pit gold mine: Newmont sold its 50 percent stake in Kalgoorlie Consolidated Gold Mines to Northern Star Resources for $800 million in January 2020.

Where are Newmont mines located?

Newmont has actively operating mines in Argentina, Australia, Canada, Dominican Republic, Ghana, Mexico, Peru, Suriname and the U.S. Newmont’s presence in Ghana includes the Ahafo mine in the Brong-Ahafo region and the Akyem operation in the Eastern region near New Abirem.

What does Newmont Goldcorp do?

Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa.

When did Newmont start producing gold in Ghana?

Newmont began working in Ghana with the acquisition of Normandy Mining in 2002. Production commenced in 2006 at our Ahafo mine and at our Akyem mine in 2013. We are also pursuing profitable expansion projects of our mines and mill in Ahafo.

How is Newmont helping the community in Ghana?

To support sustainable development in our host communities, Newmont Ghana established a community development foundation through company funding of US$1 per ounce of gold sold and 1 percent of the net profit our mine. The Newmont Akyem Development Foundation or NAkDeF is community driven and owned.

How does Newmont Gold contribute to the community?

Following extensive consultation with host communities, the Ahafo mine established the Newmont Ahafo Development Foundation (NADeF) to support local sustainable community development projects in the 10 communities near the mine. Newmont contributes US$1 per ounce of gold sold and one percent of the net profit from the Ahafo mine to NADeF.

When did Newmont start mining at Ahafo South?

Mining is currently underway at Ahafo South. In November 2018, Subika, a new underground mine which was completed on schedule and within budget, achieved commercial production, adding higher-grade, lower cost gold production at Ahafo south. Ahafo began commercial production in 2006 and operates both surface and underground mines.