Newmont Corp. Achieves 174.1% Annual Return, Establishing It as a Multibagger in 2023

Newmont Corp., a prominent player in the Gems, Jewellery and Watches industry, continues to showcase impressive performance metrics that highlight its robust market position. Over the past year, the stock has delivered a remarkable return, significantly outperforming the S&P 500. This multibagger stock has demonstrated resilience, with a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio. The company has consistently reported positive results, achieving notable growth in net sales at an annual rate of 14.07%. With operating cash flow reaching an impressive USD 8,608 million, Newmont Corp. has solidified its financial health. The latest figures indicate that net sales for the first nine months have surged to USD 15,870 million, reflecting a substantial increase. Newmont Corp. also boasts a high return on capital employed (ROCE), further underscoring its attractive valuation. The stock is currently trading at a discount compared to its peers, making it an appealing option in the market. With a PEG ratio of zero and a strong performance record, Newmont Corp. remains a standout in its sector, ranking among the top 1% of companies evaluated by MarketsMojo.