Newmont Free Cash Flow Yield vs Dividend Yield Analysis

NGT Stock

CAD 60.00 1.22 2.08%

Newmont Goldcorp financial indicator trend analysis is infinitely more than just investigating Newmont Goldcorp Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newmont Goldcorp Corp is a good investment. Please check the relationship between Newmont Goldcorp Free Cash Flow Yield and its Dividend Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow Yield vs Dividend Yield

Free Cash Flow Yield vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newmont Goldcorp Corp Free Cash Flow Yield account and Dividend Yield. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Newmont Goldcorp's Free Cash Flow Yield and Dividend Yield is -0.67. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Newmont Goldcorp Corp, assuming nothing else is changed. The correlation between historical values of Newmont Goldcorp's Free Cash Flow Yield and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Newmont Goldcorp Corp are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Free Cash Flow Yield i.e., Newmont Goldcorp's Free Cash Flow Yield and Dividend Yield go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Dividend Yield

Dividend Yield is Newmont Goldcorp Corp dividend as a percentage of Newmont Goldcorp stock price. Newmont Goldcorp Corp dividend yield is a measure of Newmont Goldcorp stock productivity, which can be interpreted as interest rate earned on an Newmont Goldcorp investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Most indicators from Newmont Goldcorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newmont Goldcorp Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Newmont Goldcorp's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Discontinued Operations is likely to grow to about 36.2 M, while Selling General Administrative is likely to drop about 196 M.

	2021	2022	2023	2024 (projected)
Gross Profit	4.5B	3.3B	3.0B	2.0B
Total Revenue	12.2B	11.9B	11.8B	12.4B

Gross Profit Total Revenue

Newmont Goldcorp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Common Stock	Short Term Investments
Total Assets		0.91	0.3	0.88	0.99	0.99	0.65	-0.34	0.36	1.0	0.12	0.39	0.58	0.93	0.98	0.81	0.25	0.96	0.99	0.93	0.89	0.65	0.92	0.75	0.97	0.21
Short Long Term Debt Total	0.91		0.3	0.83	0.85	0.89	0.81	-0.36	0.26	0.9	0.42	0.27	0.57	0.83	0.9	0.86	0.37	0.84	0.91	0.8	0.83	0.61	0.89	0.63	0.86	0.07
Other Current Liab	0.3	0.3		0.07	0.28	0.25	0.12	0.15	0.33	0.29	0.13	0.43	-0.22	0.46	0.4	0.07	0.67	0.21	0.33	0.28	0.39	-0.17	0.14	0.5	0.26	0.77
Total Current Liabilities	0.88	0.83	0.07		0.85	0.9	0.73	-0.44	0.07	0.89	0.14	0.08	0.86	0.72	0.81	0.71	0.28	0.85	0.88	0.85	0.71	0.86	0.95	0.46	0.84	0.03
Total Stockholder Equity	0.99	0.85	0.28	0.85		0.99	0.55	-0.33	0.41	0.99	0.01	0.43	0.53	0.94	0.97	0.77	0.17	0.97	0.98	0.93	0.88	0.64	0.88	0.76	0.98	0.22
Property Plant And Equipment Net	0.99	0.89	0.25	0.9	0.99		0.67	-0.42	0.29	1.0	0.06	0.32	0.6	0.91	0.98	0.81	0.2	0.98	0.99	0.95	0.84	0.7	0.94	0.71	0.98	0.19
Net Debt	0.65	0.81	0.12	0.73	0.55	0.67		-0.44	-0.33	0.67	0.39	-0.31	0.65	0.43	0.62	0.7	0.39	0.59	0.67	0.59	0.4	0.56	0.8	0.25	0.58	-0.03
Retained Earnings	-0.34	-0.36	0.15	-0.44	-0.33	-0.42	-0.44		0.24	-0.38	0.17	0.25	-0.29	-0.22	-0.37	-0.27	0.12	-0.54	-0.4	-0.52	-0.04	-0.69	-0.42	-0.03	-0.5	0.17
Cash	0.36	0.26	0.33	0.07	0.41	0.29	-0.33	0.24		0.31	0.19	0.99	-0.2	0.6	0.38	0.22	0.04	0.31	0.32	0.24	0.67	-0.05	0.08	0.7	0.36	0.21
Non Current Assets Total	1.0	0.9	0.29	0.89	0.99	1.0	0.67	-0.38	0.31		0.09	0.33	0.6	0.91	0.98	0.8	0.24	0.97	1.0	0.95	0.86	0.68	0.93	0.72	0.98	0.2
Non Currrent Assets Other	0.12	0.42	0.13	0.14	0.01	0.06	0.39	0.17	0.19	0.09		0.17	0.24	0.15	0.11	0.34	0.39	-0.05	0.12	-0.03	0.31	-0.08	0.24	0.23	0.0	-0.05
Cash And Short Term Investments	0.39	0.27	0.43	0.08	0.43	0.32	-0.31	0.25	0.99	0.33	0.17		-0.21	0.64	0.42	0.23	0.08	0.33	0.36	0.28	0.69	-0.07	0.11	0.74	0.38	0.36
Net Receivables	0.58	0.57	-0.22	0.86	0.53	0.6	0.65	-0.29	-0.2	0.6	0.24	-0.21		0.36	0.47	0.45	0.22	0.52	0.57	0.54	0.42	0.77	0.77	0.13	0.51	-0.19
Common Stock Shares Outstanding	0.93	0.83	0.46	0.72	0.94	0.91	0.43	-0.22	0.6	0.91	0.15	0.64	0.36		0.95	0.73	0.27	0.89	0.93	0.85	0.95	0.47	0.79	0.86	0.92	0.36
Non Current Liabilities Total	0.98	0.9	0.4	0.81	0.97	0.98	0.62	-0.37	0.38	0.98	0.11	0.42	0.47	0.95		0.8	0.26	0.96	0.99	0.95	0.87	0.58	0.88	0.78	0.97	0.29
Inventory	0.81	0.86	0.07	0.71	0.77	0.81	0.7	-0.27	0.22	0.8	0.34	0.23	0.45	0.73	0.8		-0.01	0.75	0.8	0.73	0.75	0.44	0.84	0.55	0.77	0.07
Other Current Assets	0.25	0.37	0.67	0.28	0.17	0.2	0.39	0.12	0.04	0.24	0.39	0.08	0.22	0.27	0.26	-0.01		0.12	0.28	0.16	0.3	0.07	0.25	0.29	0.15	0.29
Other Stockholder Equity	0.96	0.84	0.21	0.85	0.97	0.98	0.59	-0.54	0.31	0.97	-0.05	0.33	0.52	0.89	0.96	0.75	0.12		0.97	0.95	0.79	0.74	0.87	0.69	1.0	0.15
Total Liab	0.99	0.91	0.33	0.88	0.98	0.99	0.67	-0.4	0.32	1.0	0.12	0.36	0.57	0.93	0.99	0.8	0.28	0.97		0.96	0.86	0.66	0.93	0.73	0.98	0.24
Property Plant And Equipment Gross	0.93	0.8	0.28	0.85	0.93	0.95	0.59	-0.52	0.24	0.95	-0.03	0.28	0.54	0.85	0.95	0.73	0.16	0.95	0.96		0.74	0.68	0.89	0.65	0.95	0.25
Total Current Assets	0.89	0.83	0.39	0.71	0.88	0.84	0.4	-0.04	0.67	0.86	0.31	0.69	0.42	0.95	0.87	0.75	0.3	0.79	0.86	0.74		0.43	0.76	0.81	0.83	0.26
Short Term Debt	0.65	0.61	-0.17	0.86	0.64	0.7	0.56	-0.69	-0.05	0.68	-0.08	-0.07	0.77	0.47	0.58	0.44	0.07	0.74	0.66	0.68	0.43		0.71	0.21	0.7	-0.25
Accounts Payable	0.92	0.89	0.14	0.95	0.88	0.94	0.8	-0.42	0.08	0.93	0.24	0.11	0.77	0.79	0.88	0.84	0.25	0.87	0.93	0.89	0.76	0.71		0.55	0.88	0.13
Common Stock Total Equity	0.75	0.63	0.5	0.46	0.76	0.71	0.25	-0.03	0.7	0.72	0.23	0.74	0.13	0.86	0.78	0.55	0.29	0.69	0.73	0.65	0.81	0.21	0.55		0.72	0.45
Common Stock	0.97	0.86	0.26	0.84	0.98	0.98	0.58	-0.5	0.36	0.98	0.0	0.38	0.51	0.92	0.97	0.77	0.15	1.0	0.98	0.95	0.83	0.7	0.88	0.72		0.19
Short Term Investments	0.21	0.07	0.77	0.03	0.22	0.19	-0.03	0.17	0.21	0.2	-0.05	0.36	-0.19	0.36	0.29	0.07	0.29	0.15	0.24	0.25	0.26	-0.25	0.13	0.45	0.19

Click cells to compare fundamentals

Newmont Goldcorp Account Relationship Matchups

Newmont Goldcorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	40.0B	41.4B	40.6B	38.5B	55.5B	58.3B
Short Long Term Debt Total	6.8B	6.7B	6.3B	6.1B	9.4B	9.9B
Other Current Liab	1.2B	1.2B	1.2B	2.2B	406M	632.7M
Total Current Liabilities	2.4B	3.4B	2.7B	2.9B	6.0B	6.3B
Total Stockholder Equity	21.4B	23.0B	22.0B	19.4B	29.0B	30.5B
Property Plant And Equipment Net	25.3B	24.3B	24.1B	24.1B	37.6B	39.4B
Net Debt	4.6B	1.2B	1.3B	3.3B	6.4B	6.8B
Retained Earnings	2.3B	4.0B	3.1B	916M	(3.0B)	(2.8B)
Cash	2.2B	5.5B	5.0B	2.9B	3.0B	1.5B
Non Current Assets Total	33.7B	32.9B	32.9B	32.0B	48.0B	50.4B
Non Currrent Assets Other	2.0B	2.3B	2.5B	2.5B	3.0B	1.7B
Cash And Short Term Investments	2.5B	5.8B	5.1B	3.8B	3.0B	1.6B
Net Receivables	373M	449M	337M	366M	1.2B	1.3B
Common Stock Shares Outstanding	737M	806M	801M	795M	841M	883.1M
Liabilities And Stockholders Equity	40.0B	41.4B	40.6B	38.5B	55.5B	58.3B
Non Current Liabilities Total	15.2B	14.1B	16.0B	16.0B	20.3B	21.3B
Inventory	1.8B	1.8B	1.8B	1.8B	2.6B	2.8B
Other Current Assets	570M	436M	498M	639M	420M	317.7M
Other Stockholder Equity	18.1B	17.9B	17.8B	17.1B	30.2B	31.7B
Total Liab	17.6B	17.5B	18.7B	18.9B	26.3B	27.6B
Property Plant And Equipment Gross	25.3B	24.3B	40.1B	42.2B	57.6B	60.5B
Total Current Assets	6.3B	8.5B	7.7B	6.5B	7.5B	7.9B
Accumulated Other Comprehensive Income	(265M)	(216M)	(133M)	29M	14M	14.7M
Short Term Debt	100M	657M	193M	96M	2.0B	2.1B
Accounts Payable	539M	493M	518M	633M	960M	1.0B
Common Stock Total Equity	853M	855M	1.3B	1.3B	1.5B	807.9M
Common Stock	1.3B	1.3B	1.3B	1.3B	1.9B	1.9B
Short Term Investments	237M	290M	82M	880M	23M	21.9M
Current Deferred Revenue	523M	1.0B	770M	2.6B	3.0B	3.1B
Other Liab	8.4B	8.0B	9.9B	9.9B	11.4B	7.0B
Net Tangible Assets	18.7B	20.2B	19.3B	17.4B	20.0B	16.3B
Other Assets	2.6B	2.6B	2.7B	2.6B	2.4B	2.7B
Long Term Debt	6.1B	5.5B	5.6B	5.6B	7.0B	5.8B
Long Term Debt Total	3.6B	6.7B	6.0B	6.1B	7.0B	5.7B
Capital Surpluse	9.6B	18.2B	18.1B	18.0B	20.7B	14.5B
Long Term Investments	3.2B	3.2B	3.2B	3.3B	4.1B	2.2B
Property Plant Equipment	25.3B	24.3B	24.1B	24.1B	27.7B	20.3B

Pair Trading with Newmont Goldcorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Newmont Goldcorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Newmont Goldcorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Newmont Stock

0.73

ORE

Orezone Gold Corp

Pair Corr

Moving against Newmont Stock

0.84	FFH	Fairfax Financial	Pair Corr
0.75	WCN	Waste Connections	Pair Corr
0.72	FSV	FirstService Corp	Pair Corr
0.59	CSU	Constellation Software	Pair Corr
0.56	IFC	Intact Financial	Pair Corr

The ability to find closely correlated positions to Newmont Goldcorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Newmont Goldcorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Newmont Goldcorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Newmont Goldcorp Corp to buy it.

The correlation of Newmont Goldcorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Newmont Goldcorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newmont Goldcorp Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Newmont Goldcorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Newmont Goldcorp Corp is a strong investment it is important to analyze Newmont Goldcorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Newmont Goldcorp's future performance. For an informed investment choice regarding Newmont Stock, refer to the following important reports:

How To Invest In Newmont

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Is Newmont Stock a good investment?

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What is Newmont Goldcorp's Net Worth?

Details

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Please note, there is a significant difference between Newmont Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Goldcorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Newmont Free Cash Flow Yield vs Dividend Yield Analysis

Free Cash Flow Yield vs Dividend Yield

Free Cash Flow Yield vs Dividend Yield Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Dividend Yield

Newmont Goldcorp fundamental ratios Correlations

Newmont Goldcorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Newmont Goldcorp fundamental ratios Accounts

Pair Trading with Newmont Goldcorp

Moving together with Newmont Stock

Moving against Newmont Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Assets Total
Common Stock	+ 1.0	Other Stockholder Equity
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets

Short Term Debt	- 0.69	Retained Earnings
Other Stockholder Equity	- 0.54	Retained Earnings
Property Plant And Equipment Gross	- 0.52	Retained Earnings
Common Stock	- 0.5	Retained Earnings
Retained Earnings	- 0.44	Net Debt
Retained Earnings	- 0.44	Total Current Liabilities