Newmont Corporation, trading as NYSE:NEM, is a leading gold mining company with operations worldwide. It is known for its extensive portfolio of gold and copper assets. As a major player in the mining industry, Newmont competes with other giants like Barrick Gold and AngloGold Ashanti. The company is set to release its quarterly earnings on February 20, 2025, with analysts estimating an earnings per share (EPS) of $1.11 and projected revenue of $5.3 billion.
Despite these projections, Newmont faces challenges, including a class action lawsuit alleging securities fraud. The lawsuit, filed by Levi & Korsinsky, LLP, and supported by Rosen Law Firm, targets losses incurred by shareholders between February 22, 2024, and October 23, 2024. The complaint points to disappointing EBITDA results, decreased production, and increased operating costs, which were disclosed on October 23, 2024.
The company has a price-to-sales ratio is 3.21, suggesting investors are paying $3.21 for every dollar of sales. The enterprise value to sales ratio is 3.57, showing the company's total valuation relative to its sales. The company maintains a moderate debt-to-equity ratio of 0.31, indicating a balanced approach to leveraging debt. Additionally, Newmont's current ratio of 1.96 suggests a strong ability to cover short-term liabilities with short-term assets, providing some financial stability amidst ongoing challenges.
