VanEck Australian Floating Rate ETF vs Newmont Corporation — how do they compare? VanEck Australian Floating Rate ETF trades at $50.97, while Newmont Corporation trades at $90.98 (market cap $101.64B). The key difference: Newmont Corporation pays a 1.09% dividend while VanEck Australian Floating Rate ETF pays none, and VanEck Australian Floating Rate ETF is trading nearer its 52-week high, Newmont Corporation nearer its low. Which is the better fit depends on your goals.
| FLOT | NEM | |
|---|---|---|
Sector | Sector/Thematic | Basic Materials |
52-Week High | $51.09 | $131.95 |
52-Week Low | $50.72 | $57.99 |
Market Cap | — | $101.64B |
Enterprise Value | — | $98.39B |
Dividend Yield | — | 1.09% |
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Newmont Corporation (NEM) trades at $91.73, down 3.19% over the past day amid gold price volatility. The stock shows strong fundamentals with a P/E of 12.35, net income margin of 33.87%, and three consecutive quarterly earnings beats. Technical indicators are neutral with support at $91 and resistance at $96. Recent news highlights mixed sentiment due to gold's decline but positive long-term outlook from analysts.
NEM presents a compelling value with robust cash flow growth and a bullish analyst consensus (75.68% buy ratings) targeting $140.11. Key risks include higher unit costs pressuring 2026 margins and gold price sensitivity. The stock's current dip may offer entry opportunity given strong fundamentals and institutional support.
Trailing returns across standard periods
Latest headlines on both assets
FLOT provides exposure to a diversified portfolio of Australian dollar-denominated floating rate notes. It tracks the Bloomberg AusBond Credit FRN 0+ Yr Index, focusing on high-quality, investment-grade bonds from top Australian banks and financial institutions.
Read more on FLOT →Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.
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