Newmont is primarily a gold producer with operations and/or assets in the U.S., Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia and Ghana. Co. is also engaged in the production of copper, silver, lead and zinc. Co.'s North America segment consists primarily of Cripple Creek & Victor in the U.S. of America, Musselwhite, Porcupine and Eleonore in Canada and Penasquito in Mexico. Co.'s South America segment consists primarily of Yanacocha in Peru, Merian in Suriname, Cerro Negro in Argentina and its 40% equity interest in the Pueblo Viejo mine in the Dominican Republic. Co.'s Australia segment consists primarily of Boddington and Tanami in Australia. We show 58 historical shares outstanding datapoints in our NEM shares outstanding history coverage, used to compute NEM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NEM market cap history over the course of time is important for investors
interested in comparing NEM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NEM versus a peer is one thing; comparing
NEM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NEM can fluctuate over the course of history.
With this page we aim to empower investors researching NEM by allowing them to research the NEM market cap history. |
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Video: The Importance of Market Cap
