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Newmont (NEM) Stock Forecast, Price & News

$35.13
-0.08 (-0.23%)
(As of 09:45 AM ET)
Compare
Today's Range
$35.08
$35.38
50-Day Range
$35.21
$43.45
52-Week Range
$35.01
$60.08
Volume
690,340 shs
Average Volume
7.86 million shs
Market Capitalization
$27.92 billion
P/E Ratio
N/A
Dividend Yield
4.55%
Price Target
$58.01

Newmont MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
63.5% Upside
$58.01 Price Target
Short Interest
Healthy
3.63% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.71
Upright™ Environmental Score
News Sentiment
0.91mentions of Newmont in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.13 M Sold Last Quarter
Proj. Earnings Growth
32.84%
From $2.04 to $2.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Basic Materials Sector

27th out of 167 stocks

Gold & Silver Ores Industry

1st out of 34 stocks


NEM stock logo

About Newmont (NYSE:NEM) Stock

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, and Ghana. As of December 31, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.

NEM Price History

NEM Stock News Headlines

Newmont Assigned Stable A- Rating from Fitch
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Newmont: The Biggest But Not The Best Gold Major
Natascha Viljoen To Join Newmont As COO On October 2
Newmont Unusual Options Activity For September 27
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
TRX Gold (NYSE:TRX) vs. Newmont (NYSE:NEM) Head-To-Head Comparison
NEM Sep 2023 41.000 put
Newmont Unusual Options Activity For September 15
(NEM) - Analyzing Newmont's Short Interest
Newmont Unusual Options Activity For September 07
Newmont Corp NEM Stock Quote
Newmont Corporation (NEM.MX)
RBC Capital Gives a Hold Rating to Newmont Mining (NEM)
See More Headlines
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NEM Company Calendar

Last Earnings
7/20/2023
Ex-Dividend for 9/21 Dividend
9/06/2023
Dividend Payable
9/21/2023
Today
10/04/2023
Next Earnings (Confirmed)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
Gold
CUSIP
65163910
Employees
14,600
Year Founded
1921

Price Target and Rating

Average Stock Price Forecast
$58.01
High Stock Price Forecast
$94.28
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+64.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$-429,000,000.00
Pretax Margin
-2.22%

Debt

Sales & Book Value

Annual Sales
$11.92 billion
Cash Flow
$4.38 per share
Book Value
$24.61 per share

Miscellaneous

Free Float
794,176,000
Market Cap
$27.98 billion
Optionable
Optionable
Beta
0.40

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Key Executives

  • Mr. Thomas Ronald PalmerMr. Thomas Ronald Palmer (Age 55)
    Pres, CEO & Director
    Comp: $3.46M
  • Mr. Robert D. AtkinsonMr. Robert D. Atkinson (Age 52)
    Exec. VP & COO
    Comp: $1.75M
  • Mr. Peter Ivan Toth BBus (IB) (Age 53)
    MIB, Exec. VP & Chief Devel. Officer
    Comp: $1.68M
  • Mr. Brian C. Tabolt (Age 42)
    VP, Controller & Chief Accounting Officer
    Comp: $716.91k
  • Ms. Karyn F. Ovelmen (Age 60)
    Exec. VP & CFO
  • Mr. Dean R. GehringMr. Dean R. Gehring (Age 54)
    Exec. VP, Chief Integration Officer & CTO
  • Mr. Luis Maximo Canepari
    Sr. VP & Chief Information Officer
  • Mr. Daniel Horton
    VP of Fin. & Investor Relations and Treasurer
  • Mr. Scott E. Sullivan
    Chief Integrity & Compliance Officer and VP
  • Mr. Mark D. Ebel
    Acting Exec. VP & Interim Chief Legal Officer













NEM Stock - Frequently Asked Questions

Should I buy or sell Newmont stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 3 hold ratings and 10 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 forecast for 2023?

13 brokerages have issued 12 month price targets for Newmont's stock. Their NEM share price forecasts range from $42.00 to $94.28. On average, they predict the company's stock price to reach $58.01 in the next year. This suggests a possible upside of 64.8% 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 2023?

Newmont's stock was trading at $47.20 at the start of the year. Since then, NEM shares have decreased by 25.4% and is now trading at $35.21.
View the best growth stocks for 2023 here
.

When is Newmont's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our NEM earnings forecast
.

How can I listen to Newmont's earnings call?

Newmont will be holding an earnings conference call on Thursday, October 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "901520".

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) issued its earnings results on Thursday, July, 20th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by $0.06. The basic materials company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.93 billion. Newmont had a positive trailing twelve-month return on equity of 5.74% and a negative net margin of 6.77%. The firm's revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share.
Read the conference call transcript
.

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

Newmont declared a quarterly dividend on Thursday, July 20th. Investors of record on Thursday, September 7th will be paid a dividend of $0.40 per share on Thursday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, September 6th.
Read our dividend analysis for NEM
.

Is Newmont a good dividend stock?

Newmont (NYSE:NEM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 4.33%. NEM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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).

What is Newmont's stock symbol?

Newmont trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEM."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Newmont's stock price today?

One share of NEM stock can currently be purchased for approximately $35.21.

How much money does Newmont make?

Newmont (NYSE:NEM) has a market capitalization of $27.98 billion and generates $11.92 billion in revenue each year. The basic materials company earns $-429,000,000.00 in net income (profit) each year or ($0.96) on an earnings per share basis.

How many employees does Newmont have?

The company employs 14,600 workers across the globe.

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
How can I contact Newmont?

Newmont's mailing address is 6363 SOUTH FIDDLER`S GREEN CIRCLE, GREENWOOD VILLAGE CO, 80111. The official website for the company is www.newmontgoldcorp.com. The basic materials company can be reached via phone at (303) 863-7414, via email at jessica.largent@newmont.com, or via fax at 303-837-5837.

This page (NYSE:NEM) was last updated on 10/4/2023 by MarketBeat.com Staff

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