Thomas Palmer - Newmont Goldcorp CEO President
| NGT Stock | CAD 62.54 1.10 1.79% |
CEO
Mr. Thomas Ronald Palmer is President of the Company. Since May of 2016, when he was appointed Executive Vice President and Chief Operating Officer with more than 85 percent of Newmont workforce reporting through to him Newmont has generated more than 2 billion in free cash flow and commissioned two new mines and five expansions on four continents, on or ahead of schedule and within or below budget. Project optimization work under Mr. Palmer leadership has also positioned Newmont robust project pipeline as among the best in the gold sector through capital discipline and a focus on returns. Prior to assuming leadership of Newmont operations and projects in 2016, Mr. Palmer led the Company business in the Asia Pacific region, which generated nearly 40 percent of Newmont revenues at the time. Before being recruited to join Newmont in 2014, Mr. Palmer served as Chief Operating Officer for Pilbara Mines at Rio Tinto Iron Ore since 2019.
| Age | 57 |
| Tenure | 6 years |
| Address | 6900 E Layton Avenue, Denver, CO, United States, 80237 |
| Phone | 303 863 7414 |
| Web | https://www.newmont.com |
Newmont Goldcorp Management Efficiency
The company has return on total asset (ROA) of 0.0661 % which means that it generated a profit of $0.0661 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1117 %, meaning that it generated $0.1117 on every $100 dollars invested by stockholders. Newmont Goldcorp's management efficiency ratios could be used to measure how well Newmont Goldcorp manages its routine affairs as well as how well it operates its assets and liabilities. As of the 27th of February 2025, Return On Tangible Assets is likely to drop to 0.0006. In addition to that, Return On Capital Employed is likely to grow to -0.0013. At this time, Newmont Goldcorp's Total Assets are very stable compared to the past year. As of the 27th of February 2025, Non Current Assets Total is likely to grow to about 46.3 B, while Non Currrent Assets Other are likely to drop about 1.7 B.Similar Executives
| Found 9 records | CEO Age | ||
| Paul Brink | Franco Nevada | 57 | |
| Gregory CA | Equinox Gold Corp | 49 | |
| Ammar MBA | Agnico Eagle Mines | 61 | |
| Randy PEng | Wheaton Precious Metals | 60 | |
| Randy Smallwood | Wheaton Precious Metals | 54 | |
| Michael PGeo | Pan American Silver | 59 | |
| Christian Milau | Equinox Gold Corp | 47 | |
| David Harquail | Franco Nevada | 62 | |
| Michael Steinmann | Pan American Silver | 53 | |
Management Performance
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0661 |
Newmont Goldcorp Corp Leadership Team
Elected by the shareholders, the Newmont Goldcorp's board of directors comprises two types of representatives: Newmont Goldcorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Newmont. The board's role is to monitor Newmont Goldcorp's management team and ensure that shareholders' interests are well served. Newmont Goldcorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Newmont Goldcorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| EMBA BEng, Executive Officer | ||
| Brian CPA, Chief Finance | ||
| Mark Casper, Group Closure | ||
| Peter JD, Executive Officer | ||
| Brian Tabolt, Ex CFO | ||
| Alwyn Pretorius, Managing Guinea | ||
| Luis Canepari, Group Technology | ||
| Karyn CPA, Executive CFO | ||
| Jennifer Cmil, Executive Officer | ||
| Neil Backhouse, Group Relations | ||
| Mark Ebel, Interim Officer | ||
| Nancy Lipson, Executive Vice President General Counsel | ||
| Karyn Ovelmen, Executive CFO | ||
| Suzanne Retallack, Executive Officer | ||
| Bryan Teets, Group Audit | ||
| Dean Gehring, Executive Vice President CTO | ||
| Scott Sullivan, Group Compliance | ||
| Jennifer Pakradooni, Head Communications | ||
| Francois Hardy, Executive Officer | ||
| Thomas Palmer, CEO President | ||
| Ramsey Musa, VP Chain | ||
| Joshua Cage, Interim Officer | ||
| MIB BBus, Executive Officer | ||
| Robert Atkinson, COO, Executive Vice President | ||
| Daniel Horton, VP Treasurer | ||
| Shelly Huff, Group Tax |
Newmont Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Newmont Goldcorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0661 | ||||
| Profit Margin | 0.18 % | ||||
| Operating Margin | 0.41 % | ||||
| Current Valuation | 77.86 B | ||||
| Shares Outstanding | 1.13 B | ||||
| Shares Owned By Insiders | 0.34 % | ||||
| Shares Owned By Institutions | 74.55 % | ||||
| Number Of Shares Shorted | 389.38 K | ||||
| Price To Book | 1.62 X |
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
Moving against Newmont Stock
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| 0.48 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.41 | INFM | Infinico Metals Corp | PairCorr |
| 0.41 | MFC | Manulife Financial Corp | PairCorr |
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.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.