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Newmont Goldcorp reaches 52-week high of $73.4 and announces cost cuts after Newcrest takeover

Newmont Goldcorp’s stock rose to a 52-week high of $73.4, driven by strong year-to-date performance and positive fundamentals, according to InvestingPro. After the $15 billion takeover of Newcrest Mining Ltd, the company plans cost reductions including significant job cuts and disposals of holdings such as Orosur; Moody’s also upgraded Newmont’s senior unsecured bonds from Baa1 to A3. Additionally, Newmont received $100 million following a license extension in Ghana related to the sale of the Akyem operation to Zijin Mining Group. » More on de.investing.com

Historical dividends Dividends

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In 2023, NEWCREST MINING has already paid €1.54 in dividends. The last payout was in October 2023.

Financials

In the last year, NEWCREST MINING had revenue of €4.13bn and net profit of €712.69m

(EUR)	2023	YoY
Revenue	4.13bn	2.84%
Gross profit	1.92bn	3.33%
Net profit	712.69m	14.37%
EBITDA	2.77bn	11.01%

Fundamentals

Metric	Value
Market capitalization	€12.87bn
Number of shares	894.23m
52-week high/low	€18.66 - €10.43
Dividends	No
Beta	0.70
P/E ratio	18.50
PEG ratio	0.05
P/B ratio	1.16
P/S ratio	3.19

Company profile

Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. It is also involved in the exploration and production of silver deposits. The company primarily owns and operates mines and projects located in Cadia, Telfer, and Havieron, Australia; Lihir and Wafi-Golpu, Papua New Guinea; Red Chris in British Columbia, Canada; and Fruta Del Norte, Ecuador. Newcrest Mining Limited was founded in 1966 and is headquartered in Melbourne, Australia.

Name	NEWCREST MINING
CEO	Sherry Leigh Duhe
Headquarters	Melbourne, vic Australia
Website	newcrest.com
Sector	Materials
Industry	Metals & Mining
IPO	03/01/1999
Employees	7,600