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Top-Rated Dividend StocksTop-Rated Dividend
NYSE:NEM

Newmont (NEM) Stock Forecast, Price & News

$41.90
-0.09 (-0.21%)
(As of 06/7/2023 ET)
Compare
Today's Range
$41.57
▼
$42.42
50-Day Range
$40.41
▼
$52.07
52-Week Range
$37.45
▼
$68.23
Volume
6.84 million shs
Average Volume
8.15 million shs
Market Capitalization
$33.30 billion
P/E Ratio
N/A
Dividend Yield
3.82%
Price Target
$60.53
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Newmont MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
44.5% Upside
$60.53 Price Target
Short Interest
Healthy
2.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.71
Upright™ Environmental Score
News Sentiment
0.25mentions of Newmont in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.80 M Sold Last Quarter
Proj. Earnings Growth
14.46%
From $2.42 to $2.77 Per Share

Overall MarketRank™

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

2.61 out of 5 stars

Basic Materials Sector

43rd out of 164 stocks

Gold & Silver Ores Industry

5th out of 29 stocks

See Top Rated MarketRank™ Stocks Here

NEM stock logo

About Newmont (NYSE:NEM) Stock

Newmont Corp. is a gold producer, engages in the exploration and acquisition of gold properties, contains copper, silver, lead, zinc or other metals. It operates through the following geographical segments: North America, South America, Nevada, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States. The South America segment composed of Yanacocha in Peru, Merian in Suriname and Cerro Negro. The Australia segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Africa segment composed of Ahafo and Akyem in Ghana. The company was founded by William Boyce Thompson on May 2, 1921, and is headquartered in Denver, CO.

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NEM Stock News Headlines

June 7, 2023 | msn.com
Newmont: Rising Real Yields Weigh, But Acquisition Optimism Seen
June 7, 2023 | finance.yahoo.com
Newmont Promotes Suzanne Retallack to Chief Safety and Sustainability Officer
June 7, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
June 6, 2023 | finance.yahoo.com
Wall Street Analysts See Newmont (NEM) as a Buy: Should You Invest?
June 5, 2023 | theglobeandmail.com
June Covered Calls Portfolio Update #1
June 5, 2023 | americanbankingnews.com
Financial Survey: Vox Royalty (NASDAQ:VOXR) vs. Newmont (NYSE:NEM)
June 3, 2023 | americanbankingnews.com
Newmont Co. (NYSE:NEM) CEO Thomas Ronald Palmer Sells 11,000 Shares of Stock
June 2, 2023 | msn.com
Newmont Unusual Options Activity
June 7, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
June 2, 2023 | seekingalpha.com
Swallowed By Giants: Newmont And Newcrest Mining
June 1, 2023 | msn.com
Newmont to spend $540M to extend life of Argentina mine, government says
June 1, 2023 | msn.com
Newmont Unusual Options Activity For June 01
May 31, 2023 | marketwatch.com
Newmont Corp. stock rises Wednesday, outperforms market
May 30, 2023 | finance.yahoo.com
Newmont Corporation (NEM) Stock Moves -0.69%: What You Should Know
May 30, 2023 | finance.yahoo.com
NEM - Newmont Corporation
May 30, 2023 | americanbankingnews.com
Newmont Co. (NYSE:NEM) Declares $0.40 Quarterly Dividend
May 29, 2023 | finance.yahoo.com
An Intrinsic Calculation For Newmont Corporation (NYSE:NEM) Suggests It's 25% Undervalued
May 26, 2023 | americanbankingnews.com
Newmont Co. (NYSE:NEM) Receives $60.53 Consensus Price Target from Brokerages
May 25, 2023 | benzinga.com
Newmont Unusual Options Activity For May 25
May 21, 2023 | fool.com
Newmont (NYSE: NEM)
May 20, 2023 | benzinga.com
Lifshitz Law PLLC Announces Investigations of OKE, MMP, and NEM
May 20, 2023 | americanbankingnews.com
Raymond James Equities Analysts Boost Earnings Estimates for Newmont Co. (NYSE:NEM)
May 19, 2023 | msn.com
Newmont Taps Former Hess Director As CFO On Heels Of $19B Newcrest Acquisition
May 19, 2023 | markets.businessinsider.com
New Buy Rating for Newmont Mining (NEM), the Basic Materials Giant
May 19, 2023 | americanbankingnews.com
Newmont (NYSE:NEM) PT Lowered to $57.00 at Raymond James
May 19, 2023 | americanbankingnews.com
Raymond James Comments on Newmont Co.'s Q1 2024 Earnings (NYSE:NEM)
May 19, 2023 | markets.businessinsider.com
Newmont Appoints Karyn Ovelmen As EVP And CFO
See More Headlines

NEM Price History

NEM Company Calendar

Ex-Dividend for 3/23 Dividend
3/08/2023
Dividend Payable
3/23/2023
Last Earnings
4/27/2023
Ex-Dividend for 6/15 Dividend
5/31/2023
Today
6/07/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
7/24/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Gold & silver ores
Sub-Industry
Gold
Sector
Basic Materials
Current Symbol
NYSE:NEM
CUSIP
65163910
CIK
1164727
Web
www.newmontgoldcorp.com
Phone
(303) 863-7414
Fax
303-837-5837
Employees
14,600
Year Founded
1921

Price Target and Rating

Average Stock Price Forecast
$60.53
High Stock Price Forecast
$94.00
Low Stock Price Forecast
$51.92
Forecasted Upside/Downside
+44.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.66)
Trailing P/E Ratio
N/A
Forward P/E Ratio
17.31
P/E Growth
1.71
Net Income
$-429,000,000.00
Net Margins
-4.55%
Pretax Margin
-1.21%
Return on Equity
6.05%
Return on Assets
3.19%

Debt

Debt-to-Equity Ratio
0.31
Current Ratio
2.38
Quick Ratio
2.00

Sales & Book Value

Annual Sales
$11.92 billion
Price / Sales
2.79
Cash Flow
$4.60 per share
Price / Cash Flow
9.11
Book Value
$24.61 per share
Price / Book
1.70

Miscellaneous

Outstanding Shares
794,710,000
Free Float
794,156,000
Market Cap
$33.30 billion
Optionable
Optionable
Beta
0.34

Social Links


Key Executives

  • Thomas R. PalmerThomas R. Palmer
    President, Chief Executive Officer & Director
  • Rob Atkinson
    Chief Operating Officer & Executive Vice President
  • Brian C. Tabolt
    Chief Financial Officer & Executive Vice President
  • Luis Canepari
    Chief Information Officer & Senior Vice President
  • Aaron Puna
    Chief Technology Officer & Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













NEM Stock - Frequently Asked Questions

Should I buy or sell Newmont stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NEM shares.
View NEM analyst ratings or view top-rated stocks.

What is Newmont's stock price forecast for 2023?

11 analysts have issued 1 year target prices for Newmont's shares. Their NEM share price forecasts range from $51.92 to $94.00. On average, they predict the company's stock price to reach $60.53 in the next twelve months. This suggests a possible upside of 44.5% 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 beginning of 2023. Since then, NEM shares have decreased by 11.2% and is now trading at $41.90.
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 Monday, July 24th 2023.
View our NEM earnings forecast.

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) announced its quarterly earnings results on Thursday, April, 27th. The basic materials company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. The basic materials company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.70 billion. Newmont had a positive trailing twelve-month return on equity of 6.05% and a negative net margin of 4.55%. The business's quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS.
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, April 27th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.40 per share on Thursday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for NEM.

What ETFs hold Newmont's stock?

ETFs with the largest weight of Newmont (NYSE:NEM) stock in their portfolio include iShares MSCI Global Gold Miners ETF (RING), WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN), VanEck Gold Miners ETF (GDX), Sprott Gold Miners ETF (SGDM), SPDR S&P North American Natural Resources ETF (NANR), SPDR S&P Metals & Mining ETF (XME), iShares U.S. Basic Materials ETF (IYM) and Direxion Daily Metal Miners Bull 2X Shares (MNM).

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 3.82%.
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."

Who are Newmont's major shareholders?

Newmont's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.96%), State Street Corp (5.06%), Van ECK Associates Corp (4.28%), Deutsche Bank AG (2.26%), Charles Schwab Investment Management Inc. (1.98%) and FMR LLC (1.85%). Insiders that own company stock include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Jeffrey A Graves, Jennifer Cmil, John Kitlen, Mark Casper, 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 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 $41.90.

How much money does Newmont make?

Newmont (NYSE:NEM) has a market capitalization of $33.30 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 ($0.66) 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 6/7/2023 by MarketBeat.com Staff

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