NEM Stock Price Chart More Charts

NEM Price/Volume Stats

Newmont Goldcorp Corporation (NEM) Company Bio

Newmont Goldcorp acquires, develops, explores for, and produces gold, copper, and silver deposits in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand. The company was founded in 1916 and is based in Greenwood Village, Colorado.

NEM Price Forecast Based on DCF Valuation

We started the process of determining a valid price forecast for NEWMONT Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that NEWMONT Corp ranked in the 74st percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 125.17% on a DCF basis. The most interesting components of our discounted cash flow analysis for NEWMONT Corp ended up being:

• The company has produced more trailing twelve month cash flow than 85.44% of its sector Basic Materials.
• NEM's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than 28.07% of tickers in our DCF set.
• NEWMONT Corp's effective tax rate, as measured by taxes paid relative to net income, is at 22 -- greater than 85.8% of US stocks with positive free cash flow.

ITP, UFPI, SVM, DOOR, and CX can be thought of as valuation peers to NEM, in the sense that they are in the Basic Materials sector and have a similar price forecast based on DCF valuation.