Is NEWMONT CORP (NYSE:NEM) the type of stock Peter Lynch would love?

Peter Lynch’s investment philosophy combines fundamental analysis with a deep understanding of business models. Let’s analyze if NEWMONT CORP (NYSE:NEM) meets his criteria for a solid investment.

Evaluating NEWMONT CORP (NYSE:NEM) using Peter Lynch’s legendary strategy

• The Return on Equity (ROE) of NEM stands at 16.22%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
• A Debt/Equity ratio of 0.25 highlights NEM's commitment to maintaining financial stability.
• Over the past 5 years, NEM has demonstrated 21.58 growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• With a PEG ratio of 0.59, NEM presents a compelling case for growth at a fair price.
• With a Current Ratio of 1.98, NEM demonstrates solid short-term financial stability.

Zooming in on the fundamentals.

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, NEM scores 7 out of 10 in our fundamental rating. NEM was compared to 153 industry peers in the Metals & Mining industry. NEM scores excellent on profitability, but there are some minor concerns on its financial health. NEM may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make NEM a good candidate for value investing.

Check the latest full fundamental report of NEM for a complete fundamental analysis.

More Affordable Growth stocks can be found in our Peter Lynch screener.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.