AllAnalyst Report
logoMorningstarApril 29, 2021

Newmont Corporation: Newmont Maintains 2021 Outlook After Mediocre Q1, but Shares Are Overvalued Amid Lofty Gold Price

Symbols
NEM
Sector(s)
Basic Materials
Rating
Current Price
$43.41
Fair Value
Economic Moat
Stewardship
Summary

Newmont is the world's largest gold producer. In 2020, the company produced 5.9 million attributable ounces of gold and over 1 million attributable gold equivalent ounces from the sale of byproducts. On a long-term basis, the company expects to produce 6.5 to 7 million ounces of annual gold production while drivin

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Analyst Profile

Kristoffer Inton

Director
Kristoffer Inton is director of equity research, basic materials for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers gold, aggregates and cement, and uranium companies.Before joining Morningstar in 2013, Inton was an investment banking associate for Guggenheim Securities in New York. Previously, he was an investment banking analyst for Merrill Lynch in Chicago and New York.Inton holds a bachelor’s degree in finance with high honors from the University of Illinois and a master’s degree in business administration with distinction from Northwestern University’s Kellogg School of Management.