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NYSE:NEM

Newmont (NEM) Stock Price, News & Analysis

$39.09
+0.54 (+1.40%)
(As of 11:22 AM ET)
Today's Range
$38.35
$39.20
50-Day Range
$29.87
$39.67
52-Week Range
$29.42
$50.18
Volume
3.27 million shs
Average Volume
13.43 million shs
Market Capitalization
$45.06 billion
P/E Ratio
N/A
Dividend Yield
2.56%
Price Target
$51.99

Newmont MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
34.6% Upside
$51.99 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.71
Upright™ Environmental Score
News Sentiment
0.66mentions of Newmont in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
57.71%
From $2.01 to $3.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Basic Materials Sector

3rd out of 172 stocks

Gold & Silver Ores Industry

2nd out of 38 stocks

NEM stock logo

About Newmont Stock (NYSE:NEM)

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana. The company was founded in 1916 and is headquartered in Denver, Colorado.

NEM Stock Price History

NEM Stock News Headlines

Gold Rush: Exploring 5 Sector Giants Amidst Soaring Prices
Gold has reached new all-time highs, defying expectations amidst a robust U.S. economy and soaring stock markets. Its rally seems unstoppable, with gold trading at around $2,300 per ounce, marking an 11% increase year-to-date and a staggering 16% gain over the past 12 months.
Gold Rush: Exploring 5 Sector Giants Amidst Soaring Prices (NEM)
Gold has surged to new all-time highs, defying expectations amidst a robust U.S. economy and soaring stock market trading near all highs
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Newmont: Why I Disagree With The Crowd
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Newmont (NEM) to Release Earnings on Thursday
Newmont (NYSE:NEM) Shares Gap Up to $39.07
NEM May 2024 31.000 put
What the Options Market Tells Us About Newmont
Newmont Corp.
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/28 Dividend
3/04/2024
Dividend Payable
3/28/2024
Today
4/19/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
Gold
CUSIP
65163910
Employees
21,700
Year Founded
1921

Price Target and Rating

Average Stock Price Target
$51.99
High Stock Price Target
$94.28
Low Stock Price Target
$36.00
Potential Upside/Downside
+34.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$-2,494,000,000.00
Pretax Margin
-17.19%

Debt

Sales & Book Value

Annual Sales
$11.81 billion
Cash Flow
$3.04 per share
Book Value
$25.35 per share

Miscellaneous

Outstanding Shares
1,152,790,000
Free Float
1,152,095,000
Market Cap
$44.44 billion
Optionable
Optionable
Beta
0.50

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Should I Buy Newmont Stock? NEM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Newmont Co.:

  • Newmont Co. has a strong presence in various countries, including the United States, Canada, Mexico, and others, providing geographic diversification.
  • The company engages in the production and exploration of gold, copper, silver, zinc, and lead, offering exposure to multiple valuable commodities.
  • Newmont Co. recently declared a quarterly dividend of $0.25 per share, indicating a commitment to rewarding shareholders.
  • The company's revenue has been growing, with a 23.7% increase compared to the same quarter last year, showcasing positive financial performance.
  • Despite a recent decrease in stock price, Newmont Co. has a market capitalization of $39.06 billion, reflecting its significant size and stability in the market.

Cons

Investors should be bearish about investing in Newmont Co. for these reasons:

  • Newmont Co.'s stock price recently traded down, indicating potential volatility in the market.
  • The company's dividend payout ratio is currently negative, which may raise concerns about its dividend sustainability.
  • Newmont Co. reported a slightly lower EPS than the consensus estimate, which could impact investor confidence in the company's financial performance.
  • The company's PE ratio of -14.24 and negative net margin of 20.95% suggest some financial challenges that investors should consider.
  • While Newmont Co. has a diverse portfolio, the company's debt-to-equity ratio of 0.25 may raise questions about its leverage and financial health.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Newmont pros and cons to contact@marketbeat.com.

NEM Stock Analysis - Frequently Asked Questions

Should I buy or sell Newmont stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NEM shares.
View NEM analyst ratings
or view top-rated stocks.

What is Newmont's stock price target for 2024?

14 brokers have issued 12 month price targets for Newmont's shares. Their NEM share price targets range from $36.00 to $94.28. On average, they predict the company's stock price to reach $51.99 in the next year. This suggests a possible upside of 34.6% from the stock's current price.
View analysts price targets for NEM
or view top-rated stocks among Wall Street analysts.

How have NEM shares performed in 2024?

Newmont's stock was trading at $41.39 on January 1st, 2024. Since then, NEM shares have decreased by 6.7% and is now trading at $38.62.
View the best growth stocks for 2024 here
.

Are investors shorting Newmont?

Newmont saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 16,580,000 shares, a drop of 25.7% from the March 15th total of 22,310,000 shares. Based on an average daily volume of 13,870,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.4% of the company's stock are short sold.
View Newmont's Short Interest
.

When is Newmont's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our NEM earnings forecast
.

How can I listen to Newmont's earnings call?

Newmont will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "418753".

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) issued its earnings results on Thursday, February, 22nd. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by $0.01. The basic materials company earned $3.96 billion during the quarter, compared to analyst estimates of $3.44 billion. Newmont had a positive trailing twelve-month return on equity of 6.21% and a negative net margin of 20.95%. The business's revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share.
Read the conference call transcript
.

How often does Newmont pay dividends? What is the dividend yield for Newmont?

Newmont announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Tuesday, March 5th will be paid a dividend of $0.25 per share on Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Monday, March 4th.
Read our dividend analysis for NEM
.

Is Newmont a good dividend stock?

Newmont (NYSE:NEM) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.59%.
Read our dividend analysis for NEM.

What is Tom Palmer's approval rating as Newmont's CEO?

15 employees have rated Newmont Chief Executive Officer Tom Palmer on Glassdoor.com. Tom Palmer has an approval rating of 97% among the company's employees. This puts Tom Palmer in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Newmont own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmont investors own include NVIDIA (NVDA), Cisco Systems (CSCO), Barrick Gold (GOLD), Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD), AT&T (T), QUALCOMM (QCOM), AbbVie (ABBV) and Walt Disney (DIS).

Who are Newmont's major shareholders?

Newmont's stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.28%), Foundation Resource Management Inc. (0.06%), Perpetual Ltd (0.05%), IMC Chicago LLC (0.00%), AMF Tjanstepension AB (0.04%) and Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Blake Rhodes, David W Ruttenberg, Dean Gehring, Jeffrey A Graves, Jennifer Cmil, John Kitlen, Mark Casper, Mark David Ebel, Nancy Buese, Nancy Lipson, Nello Mainolfi, Robert D Atkinson, Stephen P Gottesfeld and Thomas Ronald Palmer.
View institutional ownership trends
.

How do I buy shares of Newmont?

Shares of NEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Newmont have any subsidiaries?
The following companies are subsidiares of Newmont: AC40689 Limited, Administradora de Negocios Mineros S.A. de C.V., Australian Capital Territory, Battle Mountain Resources Inc., Cayman Pampas Ltd., Con Exploration Ltd., Datawave Sciences Inc., Dawn Mining Company LLC, ELLC Grazing Membership LLC, EMH (BVI) Inc., Elko Land and Livestock Company, Empresa Minera Maria SRL, Fronteer Development (USA) LLC, Fronteer Development LLC, Fronteer Royalty LLC, GCGC LLC, GMK Investments Pty Ltd, Galore Creek Mining Corporation, Galore Creek Partnership, Glamis Rand Mining Company, Gold S.p.A., Goldcorp (Barbados) Inc., Goldcorp America Holdings Inc., Goldcorp Aureus Inc., Goldcorp Aurum Argentum Inc., Goldcorp Canada Ltd., Goldcorp Capital Corporation, Goldcorp Exeter Ltd., Goldcorp Faja de Plata S.A. de C.V., Goldcorp General Holdings Ltd., Goldcorp Global Services Inc., Goldcorp Holdings Europe B.V., Goldcorp Holdings GmbH, Goldcorp Inc., Goldcorp Insurance Company Inc., Goldcorp Internacional S.A. de C.V., Goldcorp Kaminak Ltd., Goldcorp Latin America Finance Limited, Goldcorp MC Holding S.p.A., Goldcorp Peñasquito S.A. de C.V., Goldcorp Porcupine Nominee Ltd., Goldcorp Red Lake Nominee Ltd., Goldcorp Stratum Inc., Goldcorp Tesoro Inc., Goldcorp Trading GmbH, Goldcorp USA Holdings Ltd., Goldcorp USA Inc., Goldcorp USA Services Inc., Goldfields Power Pty Ltd, Hemlo Gold Mines (Ghana) Limited, Holdco S.p.A., Honduras Holdings Ltd., Hospah Holdings Company, Idarado Mining Company, International Mineral Finance S.AR.L., MMC Acquisition Limited, Mexicana Resources Inc., Minera Alumbrera Ltd., Minera BMG, Minera Choluteca S.A. de C.V., Minera Faja de Plata S.A. de C.V., Minera Los Tapados S.A., Minera Newmont (Chile) Limitada, Minera Peñasquito S.A. de C.V., Minera Yanacocha S.R.L., Miramar Gold Corporation, Miramar HBG Inc., Miramar Northern Mining Ltd., Montana Exploradora de Guatemala S.A. de C.V., Moydow Limited, Musto Explorations (Bermuda) Ltd., N.I. Limited, NP Kalgoorlie Pty Ltd, NVL (USA) Limited, NVL Haiti Limited S.A., NVL PNG Limited, NVL Solomon Islands Limited, Nevada Eagle Resources LLC, Nevada Gold Mines LLC, New Verde Mines LLC, Newmont (Guyana) Incorporated, Newmont AP Power Pty Ltd, Newmont Australia Investment Limited, Newmont Boddington Pty Ltd, Newmont Bolivia Limited, Newmont CC&V Mining Corporation, Newmont Canada Corporation, Newmont Canada Holdings ULC, Newmont Capital Limited, Newmont Capital Pty Ltd, Newmont Colombia S.A.S., Newmont Euronimba B.V., Newmont FH B.V., Newmont GTR LLC, Newmont Galore Creek Holdings Corporation, Newmont Ghana Gold Limited, Newmont Gold Company, Newmont Gold Pty Ltd, Newmont Goldcorp Australia Pty Ltd, Newmont Goldcorp Boddington Pty Ltd, Newmont Goldcorp Exploration Pty Ltd, Newmont Goldcorp Integrated Services Inc., Newmont Goldcorp Red Lake Holdings Ltd., Newmont Goldcorp Services Pty Ltd, Newmont Goldcorp Tanami Pty Ltd, Newmont Golden Ridge Limited, Newmont Holdings ULC, Newmont Indonesia Investment Limited, Newmont Indonesia LLC, Newmont International Exploration Pty Ltd, Newmont International Group BV, Newmont International Services Limited, Newmont Investment Holdings LLC, Newmont Landco Pty Ltd, Newmont Latin America Limited, Newmont McCoy Cove Limited, Newmont Mineral Holdings B.V., Newmont Mines Limited, Newmont Mining Finance Pty Ltd, Newmont Mining Holdings Pty Ltd, Newmont NGL Holdings Pty Ltd, Newmont Nevada Energy Investment LLC, Newmont North America Exploration Limited, Newmont Nusa Tenggara Holdings B.V., Newmont Overseas Exploration Limited, Newmont Pacific Energy Pty Ltd, Newmont Peru Limited, Newmont Power Pty Ltd, Newmont Realty Company, Newmont Second Capital Corporation, Newmont Suriname LLC, Newmont Technologies Limited, Newmont USA Limited, Newmont Ventures Limited, Newmont Woodcutters Pty Ltd, Newmont Yandal Operations Pty Ltd, Newmont de Mexico S.A. de C.V., Normandy Company (Malaysia) Sdn Bhd, Normandy Overseas Holding Company Sdn Bhd, Nusa Tenggara Partnership B.V., Orcana Resources Inc., Oroplata S.A., PT Newmont Minahasa Raya, Pequop Exploration LLC, Peridot S.A., Pittston Nevada Gold Company Ltd., Pueblo Viejo Dominicana Corporation, Red Lake Gold Mine Services Ltd., Resurrection Mining Company, Saddleback Investments Pty Ltd, San Juan Basin Holdings Company, Santa Fe Pacific Gold Corporation, Sermineros de Mexico S.A. de C.V., Sermineros de Mexico S.A. de C.V. <0.0010% Sermineros Zacatecas S.A. de C.V., Sociedad Contractual Minera El Morro, Suriname Gold Project CV, Takari Mining SAS, Talapoosa Mining Inc., The LeClair Consolidated Mines Company, The Matoa Gold Mining Company, US Mineral Company Inc., Vol Mines Limited, and West Pequop Project LLC.
Read More
This page (NYSE:NEM) was last updated on 4/19/2024 by MarketBeat.com Staff

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