Newmont Corp

NEM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$11.00	Zbmj	Sxpddvnc

Newmont's Fair Value Estimate Modestly Reduced by 2%; Shares Undervalued

Jon Mills

Oct 27, 2023

Business Strategy and Outlook

Newmont is the world’s largest gold miner, with a portfolio reflecting two major deals in recent years. First, it acquired fellow gold producer Goldcorp for a relatively mild premium in 2019. Not only did it avoid paying a high price, Newmont also extracted better performance at mines where Goldcorp struggled.

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