NEM
Price:
$43.38
Market Cap:
$49.39B
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
According to Newmont Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.96. This represents a change of 5.04% compared to the average of 1.87 of the last 4 quarters.
The mean historical Current Ratio of Newmont Corporation over the last ten years is 2.68. The current 1.96 Current Ratio has changed 7.23% 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.
Average
2.68
Median
2.65
Minimum
1.25
Maximum
3.62
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
Year | Current Ratio | Change |
---|---|---|
2023 | 1.25 | -43.75% |
2022 | 2.23 | -23.22% |
2021 | 2.90 | 14.87% |
2020 | 2.52 | -4.00% |
2019 | 2.63 | -10.95% |
2018 | 2.95 | -18.51% |
2017 | 3.62 | 35.59% |
2016 | 2.67 | -24.05% |
2015 | 3.52 | 42.21% |
2014 | 2.47 | 39.11% |
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’s Current Ratio is less than Pan American Silver Corp. (2.06), greater than Agnico Eagle Mines Limited (1.75), less than Kinross Gold Corporation (4.50), less than Wheaton Precious Metals Corp. (25.71), less than Franco-Nevada Corporation (23.39), greater than Gold Fields Limited (1.77), greater than Royal Gold, Inc. (1.09), less than Sandstorm Gold Ltd. (2.29), greater than B2Gold Corp. (1.83), greater than IAMGOLD Corporation (0.89),
Company | Current Ratio | Market cap |
---|---|---|
2.06 | $8.20B | |
1.75 | $42.28B | |
4.50 | $12.56B | |
25.71 | $28.95B | |
23.39 | $23.81B | |
1.77 | $13.64B | |
1.09 | $9.80B | |
2.29 | $1.74B | |
1.83 | $3.83B | |
0.89 | $3.25B |
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What is the Current Ratio?
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