Newmont Corporation Intrinsic Value Calculation – Newmont Sets Ex-Dividend Date Amid Sustainability Concerns

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Newmont Corporation ($NYSE:NEM) is a leading global gold mining company with operations throughout the United States, Australia, and South America. The company recently announced an ex-dividend date as sustainability concerns around dividend payments continue to mount. This announcement follows a series of actions taken by Newmont to ensure the long-term financial health of the company.

In addition, Newmont has taken other measures to improve its sustainability, including reducing capital expenditures, focusing on cost-effective projects, and prioritizing capital allocation decisions. These decisions have helped Newmont reduce its debt burden and improve its balance sheet. This improved financial position has enabled Newmont to pursue its sustainability initiatives more aggressively, which has translated into a more sustainable dividend payment for shareholders. In addition, Newmont has also committed to improving safety standards and increasing environmental responsibility across its mining operations. Overall, Newmont’s ex-dividend date announcement is an indication of the company’s commitment to ensuring sustainability and providing its shareholders with a steady stream of income. With its improved financial position and focus on sustainability initiatives, Newmont is well-positioned to maintain its dividend payments in the future.

Dividends

NEWMONT CORPORATION has recently set an ex-dividend date, signaling that investors will receive the company’s upcoming dividend. Over the last three years, NEWMONT CORPORATION has issued an annual dividend per share of 1.75, 2.2, and 2.2 USD, respectively. This year, the company is expecting a dividend yield of 3.93%, with yields for 2021 and 2023 projected to be 3.6% and 3.67% respectively. With an average dividend yield of 3.73%, NEWMONT CORPORATION is a great choice for investors looking for steady income from dividend stocks.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Newmont Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Newmont Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Newmont Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Newmont Corporation are shown below. More…

Market Price

Despite the announcement, the company’s stock opened at $37.7 on Friday and closed at $37.6, down by 0.3% from Wednesday’s closing price. The company’s sustainability efforts have been a point of concern and focus lately. Newmont has committed to investing in renewable energy capabilities, such as wind farms and solar power, as part of its global strategy in order to reduce its carbon footprint. It has also been actively engaged in conversations with stakeholders in order to ensure that its operations are in compliance with local, state, and federal laws, and it has taken steps to reduce its water usage.

In addition, the company is committed to providing a safe working environment for its employees and contractors. Live Quote…

Analysis – Newmont Corporation Intrinsic Value Calculation

At GoodWhale, we have conducted an analysis of NEWMONT CORPORATION‘s fundamentals. Our proprietary Valuation Line has determined that the intrinsic value of its stock is $57.0. Currently, NEWMONT CORPORATION stock is trading at $37.6, which represents an undervaluation of 34.0%. This provides investors with an opportunity for further research and possibly a profitable investment opportunity. More…

Peers

Newmont Corp is one of the world’s leading gold miners. Its main competitors are Barrick Gold Corp, Agnico Eagle Mines Ltd, and Anglogold Ashanti Ltd. Newmont has a long history of successful gold mining operations, and is one of the largest gold producers in the world.

– Barrick Gold Corp ($TSX:ABX)

Barrick Gold Corporation is a gold mining company that has operations in Argentina, Australia, Canada, Chile, the Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, Tanzania, and the United States. The Company produces and sells gold and copper, with gold mines that include Cortez, Goldstrike, and Turquoise Ridge. Barrick also has a joint venture with Newmont Corporation. The Company’s shares are traded on the Toronto Stock Exchange and the New York Stock Exchange.

– Agnico Eagle Mines Ltd ($TSX:AEM)

Agnico Eagle Mines Ltd is a gold producer with operations in northwestern Quebec, northern Mexico, and Nunavut, Canada. The company has a market cap of 26.78 billion as of 2022 and a return on equity of 4.04%. Agnico Eagle Mines Ltd is a gold producer with operations in northwestern Quebec, northern Mexico, and Nunavut, Canada. The company has a market cap of 26.78 billion as of 2022 and a return on equity of 4.04%.

– Anglogold Ashanti Ltd ($LTS:0HFY)

Anglogold Ashanti Ltd is a gold mining company with a market cap of 5.28B as of 2022. The company has a return on equity of 15.08%. Anglogold Ashanti Ltd is engaged in the exploration, development, and mining of gold properties. The company was founded in 1944 and is headquartered in Johannesburg, South Africa.

Summary

Newmont Corporation is an international gold mining and exploration company based in the United States. The company recently announced its ex-dividend date, meaning shareholders who purchase shares on or before this date will be eligible to receive the company’s next dividend payment. This move comes amid continued concerns about the sustainability of Newmont’s dividend payments.

Analysts have noted that Newmont’s free cash flow decreased significantly in the last two quarters, raising doubts about how long the company can sustain dividend payments. Investors should keep a close eye on Newmont’s financial performance in the coming months to get a better sense of the company’s ability to maintain its dividend payments.