Newmont Corporation

Newmont Corporationverified

NEM

Price:

$56.5

Market Cap:

$64.83B

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.[Read more]

Industry

Gold

IPO Date

1980-03-17

Stock Exchange

NYSE

Ticker

NEM

The Current Ratio as of October 2024 (TTM) for Newmont Corporation (NEM) is 2.11

According to Newmont Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.11. This represents a change of 10.36% compared to the average of 1.91 of the last 4 quarters.

Newmont Corporation (NEM) Historical Current Ratio (quarterly & annually)

How has NEM Current Ratio performed in the past?

The mean historical Current Ratio of Newmont Corporation over the last ten years is 2.68. The current 2.11 Current Ratio has changed 7.76% with respect to the historical average. Over the past ten years (40 quarters), NEM's Current Ratio was at its highest in in the September 2018 quarter at 4.70. The Current Ratio was at its lowest in in the December 2023 quarter at 1.25.

Quarterly (TTM)
Annual

Average

2.68

Median

2.65

Minimum

1.25

Maximum

3.62

Newmont Corporation (NEM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Newmont Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 42.21%

Maximum Annual Current Ratio = 3.62

Minimum Annual Increase = -43.75%

Minimum Annual Current Ratio = 1.25

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.25-43.75%
20222.23-23.22%
20212.9014.87%
20202.52-4.00%
20192.63-10.95%
20182.95-18.51%
20173.6235.59%
20162.67-24.05%
20153.5242.21%
20142.4739.11%

Newmont Corporation (NEM) Average Current Ratio

How has NEM Current Ratio performed in the past?

The current Current Ratio of Newmont Corporation (NEM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.13

5-year avg

2.31

10-year avg

2.68

Newmont Corporation (NEM) Current Ratio vs. Peers

How is NEM’s Current Ratio compared to its peers?

Newmont Corporation’s Current Ratio is greater than Pan American Silver Corp. (2.06), greater than Agnico Eagle Mines Limited (1.51), greater than Kinross Gold Corporation (1.20), less than Wheaton Precious Metals Corp. (26.86), less than Franco-Nevada Corporation (29.11), greater than Gold Fields Limited (1.77), less than Royal Gold, Inc. (2.31), greater than Sandstorm Gold Ltd. (1.99), less than B2Gold Corp. (2.93), greater than IAMGOLD Corporation (1.34),

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