Newmont Competitors

NEM Stock  USD 35.84  0.59  1.67%   
Newmont Goldcorp Corp competes with Westinghouse Air, Fredonia Mining, Summit Materials, Vindicator Silver, and Porvair Plc; as well as few others. The company runs under Metals & Mining sector within Materials industry. Analyzing Newmont Goldcorp competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Newmont Goldcorp to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Newmont Goldcorp Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Newmont Goldcorp competition on your existing holdings.
  
As of the 29th of March 2024, Return On Capital Employed is likely to drop to 0.01. In addition to that, Return On Assets is likely to grow to -0.04. At this time, Newmont Goldcorp's Total Assets are very stable compared to the past year. As of the 29th of March 2024, Non Current Assets Total is likely to grow to about 50.4 B, while Other Current Assets are likely to drop about 323 M.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newmont Goldcorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
33.6035.9938.38
Details
Intrinsic
Valuation
LowRealHigh
32.2645.7748.16
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Naive
Forecast
LowNextHigh
32.2634.6637.05
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24 Analysts
Consensus
LowTargetHigh
69.0775.9084.25
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Newmont Goldcorp. Your research has to be compared to or analyzed against Newmont Goldcorp's peers to derive any actionable benefits. When done correctly, Newmont Goldcorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Newmont Goldcorp Corp.

Newmont Goldcorp Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Newmont Goldcorp and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Newmont and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Newmont Goldcorp Corp does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
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BLNMFWAB
ASRWAB
ASRSUM
BLNMFSUM
ASRBLNMF
  
High negative correlations   
ASRCHMN
ASRVINS
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Risk-Adjusted Indicators

There is a big difference between Newmont Stock performing well and Newmont Goldcorp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Newmont Goldcorp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare Newmont Goldcorp Corp and related stocks such as Westinghouse Air Brake, Fredonia Mining, and Summit Materials Net Income Over Time
Select Fundamental
201020112012201320142015201620172018201920202021202220232024
WAB28.1 M170.1 M251.7 M292.2 M351.7 M398.6 M304.9 M262.3 M294.9 M326.7 M414 M558 M633 M815 M855.8 M
SUM(10.7 M)(10.7 M)(52.5 M)(106.8 M)(8.8 M)27.7 M36.8 M121.8 M33.9 M59.1 M138 M152.2 M272.1 M285.9 M300.1 M
ASR209.4 M1.6 B2.1 B2.3 B2.3 B2.9 B3.6 B5.8 BB5.5 BBB10 B10.2 B10.7 B

Newmont Goldcorp Corp and related stocks such as Westinghouse Air Brake, Fredonia Mining, and Summit Materials Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Newmont Goldcorp Corp financial statement analysis. It represents the amount of money remaining after all of Newmont Goldcorp Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Newmont Goldcorp Competitive Analysis

The better you understand Newmont Goldcorp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Newmont Goldcorp's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Newmont Goldcorp's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NEMWABFREDFSUMCHMNVINSBLNMFPVARFASR
 1.67 
 35.84 
Newmont
 0.13 
 145.68 
Westinghouse
 0.00 
 0.25 
Fredonia
 1.23 
 44.57 
Summit
 0.00 
 0.0002 
Chester
 0.00 
 0.21 
Vindicator
 0.00 
 0.01 
Blue
 0.00 
 7.68 
Porvair
 0.53 
 318.68 
Grupo
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Newmont Goldcorp Competition Performance Charts

Five steps to successful analysis of Newmont Goldcorp Competition

Newmont Goldcorp's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Newmont Goldcorp Corp in relation to its competition. Newmont Goldcorp's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Newmont Goldcorp in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Newmont Goldcorp's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Newmont Goldcorp Corp, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Newmont Goldcorp position

In addition to having Newmont Goldcorp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Major hospitals and healthcare providers. The Health Management theme has 43 constituents at this time.
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When determining whether Newmont Goldcorp Corp is a strong investment it is important to analyze Newmont Goldcorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Newmont Goldcorp's future performance. For an informed investment choice regarding Newmont Stock, refer to the following important reports:
Check out Newmont Goldcorp Correlation with its peers.
Note that the Newmont Goldcorp Corp information on this page should be used as a complementary analysis to other Newmont Goldcorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Newmont Goldcorp's price analysis, check to measure Newmont Goldcorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newmont Goldcorp is operating at the current time. Most of Newmont Goldcorp's value examination focuses on studying past and present price action to predict the probability of Newmont Goldcorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newmont Goldcorp's price. Additionally, you may evaluate how the addition of Newmont Goldcorp to your portfolios can decrease your overall portfolio volatility.
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Is Newmont Goldcorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Newmont Goldcorp. If investors know Newmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Newmont Goldcorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Dividend Share
1.45
Earnings Share
(3.05)
Revenue Per Share
14.045
Quarterly Revenue Growth
0.237
The market value of Newmont Goldcorp Corp is measured differently than its book value, which is the value of Newmont that is recorded on the company's balance sheet. Investors also form their own opinion of Newmont Goldcorp's value that differs from its market value or its book value, called intrinsic value, which is Newmont Goldcorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Newmont Goldcorp's market value can be influenced by many factors that don't directly affect Newmont Goldcorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Newmont Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Goldcorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.