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Valuations in Gold: Which Miners Are Showing Upside Today?

Annie Gilroy
Updated
Valuations in Gold: Which Miners Are Showing Upside Today?

Among the senior mining companies under review in this series (GDX), Newmont Mining (NEM) is currently trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 8.3x. NEM is also trading at an 11% premium to its trailing-five-year average multiple and at a 30.4% premium to the peer average. Its strong project pipeline is also encouraging analysts to revise their estimates upward.

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