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Newmont Goldcorp
Ticker: $NEM
Sector: Basic Materials
Current Price: $68.91
Market Cap: $55.34B
Mining company that primarily acquires, develops, explores for, and produces gold, copper, and silver. It is the world’s largest gold mining company[Thread]
Financial Metrics P/E Ratio: 14.64
Forward P/E Ratio: 30.75
Current Ratio: 2.81
Prev. 5Y Growth: 3.03%
Proj. 5Y Growth: 31.47%
Dividend Yield: 1.43%
Payout Ratio: 27.63%
ROIC: 4.7%
[cont.]
News In March, Newmont completed the sale of its highly coveted Red Lake mine in northwestern Ontario for $375M in order to streamline its asset base.
They also withdrew guidance for the rest of 2020 and temporarily shut down 4 mines due to the pandemic.
[cont.]
News In May $NEM provided an updated 2020 guidance and began to ramp up production once again.
Newmont was ranked top miner and 13th overall in the 100 Best Corporate Citizens List made by 3BL Media. $NEM has a strong reputation on ESG transparency & performance.
[cont.]
News Just this week, Newmont awarded a contract to a mining technologies business to supply an underground gyratory crusher to aid its Expansion 2 phase at their low cost Tanami gold mine in Northern Australia.
[cont.]
Summary 
Revenue & EBITDA have been incredibly consistent 
Gross margin increased from ~24% to 28.8% in Q2/20 Great balance sheet Cash & cash equivalents are on a steady rise - currently $3.84B Debt-Equity ratio is only 0.31 [cont.]
Low leverage = flexibility Directly correlated to price of gold, hence the recent rise 
With Fed rates planned to stay near zero for the next couple years - gold price can continue rising Gold production expected to be stable for the next decade [cont.]
Dividend increases for 3 consecutive years and streak should continue 
Free cash flow expected to increase with higher gold price: $400M FCF/annum per $100 increase in gold price Increased FCF = great chance of more dividend growth [cont.]
Q2 earnings report this week was the worst in some time which was expected due to mine shut downs + care & maintenance - the rest of 2020 should be solid and mid-term Disclaimer: I am not a financial advisor. This information is intended for educational purposes only.
