Newmont Story

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NEM -- USA Stock  

USD 62.13  0.71  1.16%

Considering the 60-days investment horizon, Newmont Mining is expected to generate 1.49 times more return on investment than the market. However, the company is 1.49 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The DOW is currently generating roughly 0.12 per unit of risk. As many old-fashioned traders are trying to avoid basic materials space, it makes sense to summarize Newmont Mining a little further and try to understand its current volatility patterns. We will summarize if the expected returns on Newmont Mining will justify its current volatility. Newmont Mining's low volatility may still impact the value of the stock as we estimate it as currently overvalued. The real value, based on our analysis, is getting close to 62.07 per share.
Published over a month ago
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Is Newmont Mining (NYSE:NEM) a good hedge for your existing portfolios?
Newmont Mining has roughly 3.88 B in cash with 3.23 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.84.
Volatility is a rate at which the price of Newmont Mining or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Newmont Mining may increase or decrease. In other words, similar to Newmont's beta indicator, it measures the risk of Newmont Mining and helps estimate the fluctuations that may happen in a short period of time. So if prices of Newmont Mining fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Newmont Mining's Liquidity

Newmont Mining financial leverage refers to using borrowed capital as a funding source to finance Newmont Mining ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Newmont Mining financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Newmont Mining's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Newmont Mining, but it might be worth checking our own buy vs. sell analysis

Newmont Mining Volatility Drivers

Newmont Mining unsystematic risk is unique to Newmont Mining and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Newmont Mining you can also buy AngloGold Ashanti Limited. You can also mitigate this risk by investing in the gold sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Newmont Mining important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Newmont Mining income statement and balance sheet. Here are more details about Newmont volatility.
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