Newmont: Top 10 Undervalued Large Cap Stocks on TSX (NGT)
Newmont is now ranked among the top 10 large cap stocks on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
- Large caps total market capitalization (10-200B)
Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| BIP-UN | Brookfield Infr Partners | 41.47 | 64.84 | 23.37 (56.4%) | 340658 | 19026.4 | 4.8 | 101.6 |
| NTR | Nutrien | 69.19 | 101.51 | 32.32 (46.7%) | 1377604 | 34252.9 | 4.2 | 11.4 |
| RBA | RB Global | 83.29 | 111.04 | 27.75 (33.3%) | 123323 | 15292.2 | 1.7 | 60.6 |
| ABX | Barrick Gold | 21.02 | 26.05 | 5.03 (23.9%) | 2599110 | 36890.1 | 2.6 | 518.2 |
| SAP | Saputo | 28.37 | 34.87 | 6.50 (22.9%) | 419067 | 12002.3 | 2.6 | 19.0 |
| EMA | Emera | 48.26 | 55.72 | 7.46 (15.5%) | 1030287 | 13203.9 | 5.7 | 11.3 |
| BEP-UN | Brookfield Renewable | 34.82 | 39.78 | 4.96 (14.3%) | 163298 | 10197.3 | 5.1 | 0.0 |
| NGT | Newmont | 46.61 | 52.94 | 6.33 (13.6%) | 180521 | 37101.6 | 4.6 | 0.0 |
| BN | Brookfield | 54.42 | 60.42 | 6.00 (11.0%) | 1452465 | 86293.8 | 0.7 | 0.0 |
| PPL | Pembina Pipeline | 46.26 | 51.32 | 5.06 (10.9%) | 1704430 | 25443.0 | 5.7 | 21.4 |
All data provided as of January 27, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Newmont
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis.
Newmont is listed under NGT on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
