Newmont Corporation (NEM)
Newmont Corporation operates in the Gold industry of the Basic Materials sector, headquartered in Denver, CO, US. The stock last traded at $129.06, up 1.55% on the session, giving a market capitalisation of $135.99B. On trailing twelve-month figures it carries a trailing P/E of 16.23, a net margin of 38.1%. Its beta of 0.54 implies it has historically moved less than the broad market.
Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of the close of 2021 (December 31st), Newmont reported substantial proven and probable gold reserves, totaling 92.8 million ounces, and managed a vast land portfolio covering 62,800 square kilometers. Founded in 1916, the company's corporate headquarters are situated in Denver, Colorado.
Newmont Corporation is most often compared with the following Basic Materials names: