About Newmont Mining Corporation (NYSE:NEM)
Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company's segments include North America, South America, Asia Pacific and Africa. The Company's North America segment consists primarily of Carlin, Phoenix, Twin Creeks and Long Canyon in the state of Nevada, and Cripple Creek &Victor (CC&V) in the state of Colorado, in the United States. The Company's South America segment consists primarily of Yanacocha in Peru and Merian in Suriname. The Company's Asia Pacific segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Company's Africa segment consists primarily of Ahafo and Akyem in Ghana. As of December 31, 2016, it had gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles (59,000 square kilometers).
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Gold Mining
- Sub-Industry: Gold
- Symbol: NYSE:NEM
- CUSIP: 65163910
- Web: www.newmont.com
- Market Cap: $20.18 billion
- Outstanding Shares: 533,272,000
- 50 Day Moving Avg: $38.14
- 200 Day Moving Avg: $35.29
- 52 Week Range: $30.19 - $39.63
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 28.45
- P/E Growth: 8.94
- Annual Revenue: $7.11 billion
- Price / Sales: 2.84
- Book Value: $20.49 per share
- Price / Book: 1.85
- Annual Dividend: $0.30
- Dividend Yield: 0.8%
- EBITDA: $2.76 billion
- Net Margins: -6.73%
- Return on Equity: 6.67%
- Return on Assets: 3.82%
- Debt-to-Equity Ratio: 0.34%
- Current Ratio: 3.24%
- Quick Ratio: 2.82%
- Average Volume: 4.70 million shs.
- Beta: 0.14
- Short Ratio: 1.56
Frequently Asked Questions for Newmont Mining Corporation (NYSE:NEM)
What is Newmont Mining Corporation's stock symbol?
Newmont Mining Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEM."
How often does Newmont Mining Corporation pay dividends? What is the dividend yield for Newmont Mining Corporation?
Newmont Mining Corporation announced a quarterly dividend on Wednesday, July 19th. Investors of record on Thursday, September 14th will be paid a dividend of $0.075 per share on Thursday, September 28th. This represents a $0.30 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, September 13th. This is a boost from Newmont Mining Corporation's previous quarterly dividend of $0.05. View Newmont Mining Corporation's Dividend History.
How were Newmont Mining Corporation's earnings last quarter?
Newmont Mining Corporation (NYSE:NEM) released its quarterly earnings results on Tuesday, July, 25th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.26 by $0.20. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.77 billion. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. Newmont Mining Corporation's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. View Newmont Mining Corporation's Earnings History.
When will Newmont Mining Corporation make its next earnings announcement?
Where is Newmont Mining Corporation's stock going? Where will Newmont Mining Corporation's stock price be in 2017?
17 brokers have issued 12-month price targets for Newmont Mining Corporation's stock. Their predictions range from $16.05 to $55.00. On average, they expect Newmont Mining Corporation's stock price to reach $41.00 in the next twelve months. View Analyst Ratings for Newmont Mining Corporation.
What are analysts saying about Newmont Mining Corporation stock?
Here are some recent quotes from research analysts about Newmont Mining Corporation stock:
- 1. According to Zacks Investment Research, "Newmont’s shares have outperformed the industry it belongs to in the past three months. Newmont continues to invest in growth projects that are expected to boost its production performance. It also remains committed to de-lever its balance sheet. Moreover, the acquisition of CC&V represents a significant opportunity for the company. Improved operational efficiency is also allowing it to generate positive free cash flow. " (10/18/2017)
- 2. TD Securities analysts commented, "We project that Newmont will generate ~$1 billion in FCF in 2017." (4/25/2017)
Who are some of Newmont Mining Corporation's key competitors?
Some companies that are related to Newmont Mining Corporation include Barrick Gold Corporation (ABX), Agnico Eagle Mines Limited (AEM), Royal Gold (RGLD), Kinross Gold Corporation (KGC), AngloGold Ashanti Limited (AU), Buenaventura Mining Company (BVN), Iamgold Corporation (IAG), B2Gold Corp (BTG), Centamin PLC (CEY), Eldorado Gold Corporation (EGO), NovaGold Resources (NG), Hochschild Mining Plc (HOC), Sandstorm Gold Ltd (SAND), Acacia Mining PLC (ABG), Acacia Mining PLC (ACA), Sandstorm Gold Ltd (SAND), Klondex Mines Ltd (KLDX) and Klondex Mines Ltd (KLDX).
Who are Newmont Mining Corporation's key executives?
Newmont Mining Corporation's management team includes the folowing people:
- Noreen Doyle, Independent Chairman of the Board
- Gary J. Goldberg, President, Chief Executive Officer, Director
- Nancy K. Buese, Chief Financial Officer, Executive Vice President
- Thomas Ronald Palmer, Chief Operating Officer, Executive Vice President
- Scott P. Lawson, Executive Vice President, Chief Technology Officer
- Stephen P. Gottesfeld, Executive Vice President, General Counsel
- William N. MacGowan, Executive Vice President - Human Resources
- Elaine Dorward-King, Executive Vice President - Sustainability & External Relations
- E. Randall Engel, Executive Vice President - Strategic Development
- John Kitlen, Chief Accounting Officer, Vice President, Controller
Who owns Newmont Mining Corporation stock?
Newmont Mining Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Neville Rodie & Shaw Inc. (0.00%). Company insiders that own Newmont Mining Corporation stock include E Randall Engel, Elaine J Dorward-King, Gary J Goldberg, Scott P Lawson, Stephen P Gottesfeld, Thomas Ronald Palmer and William N Macgowan. View Institutional Ownership Trends for Newmont Mining Corporation.
Who sold Newmont Mining Corporation stock? Who is selling Newmont Mining Corporation stock?
Newmont Mining Corporation's stock was sold by a variety of institutional investors in the last quarter, including Neville Rodie & Shaw Inc.. Company insiders that have sold Newmont Mining Corporation stock in the last year include E Randall Engel, Elaine J Dorward-King, Gary J Goldberg, Scott P Lawson, Thomas Ronald Palmer and William N Macgowan. View Insider Buying and Selling for Newmont Mining Corporation.
How do I buy Newmont Mining Corporation stock?
Shares of Newmont Mining Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Newmont Mining Corporation's stock price today?
MarketBeat Community Rating for Newmont Mining Corporation (NYSE NEM)MarketBeat's community ratings are surveys of what our community members think about Newmont Mining Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Newmont Mining Corporation stock can currently be purchased for approximately $37.84.
Consensus Ratings for Newmont Mining Corporation (NYSE:NEM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 5 Hold Ratings, 11 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.59)|
|Consensus Price Target: ||$41.00 (8.36% upside)|Consensus Price Target History for Newmont Mining Corporation (NYSE:NEM)
Analysts' Ratings History for Newmont Mining Corporation (NYSE:NEM)
(Data available from 10/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/28/2017||Royal Bank Of Canada||Set Price Target||Hold||$41.00||High|
|8/23/2017||BMO Capital Markets||Set Price Target||Buy||$40.00||Low|
|7/27/2017||Argus||Upgrade||Hold -> Buy||$43.00||High|
|7/26/2017||TD Securities||Boost Price Target||Hold||$36.00 -> $50.00||Medium|
|7/26/2017||Scotiabank||Boost Price Target||Outperform||$43.50 -> $55.00||Medium|
|7/18/2017||Credit Suisse Group||Set Price Target||Buy||$45.00||Low|
|7/14/2017||Jefferies Group LLC||Reiterated Rating||Hold||$37.00 -> $35.00||Low|
|6/25/2017||Deutsche Bank AG||Reiterated Rating||Buy||$44.00 -> $42.00||Low|
|6/15/2017||Raymond James Financial, Inc.||Initiated Coverage||Outperform||$43.00||Medium|
|3/21/2017||Clarkson Capital||Downgrade||Neutral -> Sell||Medium|
|3/6/2017||Barclays PLC||Lower Price Target||Overweight||$41.00 -> $40.00||N/A|
|2/23/2017||FBR & Co||Reiterated Rating||Hold||N/A|
|12/29/2016||Standpoint Research||Upgrade||Hold -> Buy||$42.00||N/A|
|12/5/2016||Citigroup Inc.||Downgrade||Buy -> Neutral||$16.05||N/A|
|11/28/2016||Bank of America Corporation||Upgrade||Neutral -> Buy||N/A|
|11/3/2016||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$43.00||N/A|
|10/31/2016||Mackie||Upgrade||Hold -> Buy||N/A|
|8/16/2016||Morgan Stanley||Reiterated Rating||Hold||$41.00||N/A|
|7/7/2016||HSBC Holdings plc||Reiterated Rating||Buy||N/A|
|6/27/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Buy||N/A|
|5/16/2016||Sterne Agee CRT||Reiterated Rating||Buy||N/A|
|4/8/2016||CIBC||Boost Price Target||$28.50 -> $34.00||N/A|
Earnings History for Newmont Mining Corporation (NYSE:NEM)Earnings History by Quarter for Newmont Mining Corporation (NYSE NEM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$0.26||$0.46||$1.77 billion||$1.88 billion||View||N/A|
|4/24/2017||Q1 2017||$0.22||$0.25||$1.73 billion||$1.66 billion||View||N/A|
|2/21/2017||Q416||$0.31||$0.25||$1.84 billion||$1.79 billion||View||N/A|
|10/26/2016||Q316||$0.50||$0.38||$2.02 billion||$2.04 billion||View||N/A|
|7/20/2016||Q216||$0.30||$0.44||$1.94 billion||$2.00 billion||View||N/A|
|4/20/2016||Q116||$0.20||$0.34||$1.86 billion||$2.03 billion||View||N/A|
|2/17/2016||Q415||$0.12||$0.04||$1.85 billion||$1.82 billion||View||Listen|
|10/28/2015||Q315||$0.17||$0.23||$1.93 million||$2.03 billion||View||Listen|
|7/22/2015||Q215||$0.25||$0.26||$2.00 billion||$1.91 billion||View||Listen|
|4/23/2015||Q115||$0.23||$0.46||$1.95 billion||$1.97 billion||View||N/A|
|2/19/2015||Q414||$0.11||$0.17||$1.79 billion||$2.02 billion||View||N/A|
|10/30/2014||Q314||$0.18||$0.50||$1.70 billion||$1.70 billion||View||N/A|
|7/29/2014||Q214||$0.19||$0.20||$1.84 billion||$1.77 billion||View||N/A|
|4/24/2014||Q114||$0.19||$0.22||$1.85 billion||$1.76 billion||View||N/A|
|10/31/2013||Q313||$0.32||$0.46||$2.00 billion||$1.98 billion||View||N/A|
|4/29/2013||Q1 2013||$0.79||$0.71||$2.48 billion||$2.18 billion||View||N/A|
|2/21/2013||Q4 2012||$0.97||$1.11||$2.67 billion||View||N/A|
|11/1/2012||Q312||$0.93||$0.86||$2.62 billion||$2.48 billion||View||N/A|
Earnings Estimates for Newmont Mining Corporation (NYSE:NEM)
2017 EPS Consensus Estimate: $1.05
2018 EPS Consensus Estimate: $0.87
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Newmont Mining Corporation (NYSE:NEM)
|Most Recent Dividend:||9/28/2017|
|Dividend Growth:||-53.30% (3 Year Average)|
|Payout Ratio:||-33.33% (Trailing 12 Months of Earnings) |
21.13% (Based on This Year's Estimates)
22.56% (Based on Next Year's Estimates)
Dividend History by Quarter for Newmont Mining Corporation (NYSE NEM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Newmont Mining Corporation (NYSE:NEM)
Insider Ownership Percentage: 0.32%Insider Trades by Quarter for Newmont Mining Corporation (NYSE:NEM)
Institutional Ownership Percentage: 81.06%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/2/2017||Gary J Goldberg||Insider||Sell||1,000||$37.35||$37,350.00|| |
|10/2/2017||Thomas Ronald Palmer||COO||Sell||1,250||$37.35||$46,687.50|| |
|9/25/2017||Scott P Lawson||EVP||Sell||5,000||$37.85||$189,250.00|| |
|9/20/2017||Elaine J Dorward-King||EVP||Sell||10,250||$38.27||$392,267.50|| |
|9/1/2017||Gary J Goldberg||Insider||Sell||1,000||$38.60||$38,600.00|| |
|9/1/2017||Thomas Ronald Palmer||COO||Sell||1,250||$38.60||$48,250.00|| |
|8/1/2017||E Randall Engel||EVP||Sell||5,700||$37.11||$211,527.00|| |
|8/1/2017||Gary J Goldberg||Insider||Sell||1,000||$37.11||$37,110.00|| |
|8/1/2017||Thomas Ronald Palmer||COO||Sell||1,250||$37.11||$46,387.50|| |
|7/28/2017||William N Macgowan||EVP||Sell||2,007||$36.59||$73,436.13|| |
|7/3/2017||Gary J Goldberg||Insider||Sell||1,000||$31.80||$31,800.00|| |
|7/3/2017||Thomas Ronald Palmer||COO||Sell||1,250||$31.80||$39,750.00|| |
|6/20/2017||Scott P Lawson||EVP||Sell||5,000||$32.79||$163,950.00|| |
|6/6/2017||E Randall Engel||EVP||Sell||5,700||$35.00||$199,500.00|| |
|5/1/2017||Gary J Goldberg||Insider||Sell||1,000||$33.67||$33,670.00|| |
|4/25/2017||Scott P Lawson||EVP||Sell||1,500||$33.70||$50,550.00|| |
|4/3/2017||Gary J Goldberg||Insider||Sell||1,000||$33.05||$33,050.00|| |
|2/28/2017||E Randall Engel||EVP||Sell||12,720||$34.22||$435,278.40|| |
|2/27/2017||E Randall Engel||EVP||Sell||2,356||$35.82||$84,391.92|| |
|2/24/2017||William N Macgowan||EVP||Sell||2,006||$36.31||$72,837.86|| |
|2/23/2017||E Randall Engel||EVP||Sell||675||$36.54||$24,664.50|| |
|1/31/2017||Scott P Lawson||EVP||Sell||1,500||$35.83||$53,745.00|| |
|11/1/2016||William N Macgowan||EVP||Sell||2,006||$37.53||$75,285.18|| |
|10/25/2016||Scott P Lawson||EVP||Sell||1,500||$35.99||$53,985.00|| |
|8/4/2016||William N Macgowan||EVP||Sell||8,135||$44.95||$365,668.25|| |
|7/28/2016||E Randall Engel||EVP||Sell||8,700||$42.55||$370,185.00|| |
|7/27/2016||Stephen P Gottesfeld||EVP||Sell||10,000||$41.59||$415,900.00|| |
|7/26/2016||Scott P Lawson||EVP||Sell||4,700||$40.35||$189,645.00|| |
|3/2/2015||Stephen P Gottesfeld||EVP||Sell||1,857||$25.75||$47,817.75|| |
|3/2/2015||Thomas P Mahoney||VP||Sell||442||$25.73||$11,372.66|| |
|2/27/2015||Christopher S Howson||VP||Sell||1,956||$26.19||$51,227.64|| |
|2/27/2015||E Randall Engel||EVP||Sell||2,892||$26.17||$75,683.64|| |
|11/4/2014||Gary J Goldberg||CEO||Buy||5,000||$18.80||$94,000.00|| |
|3/26/2014||Chris Robison||EVP||Buy||4,494||$23.57||$105,923.58|| |
|3/3/2014||E Randall Engel||EVP||Sell||3,826||$24.07||$92,091.82|| |
|2/27/2014||Gary Goldberg||CEO||Sell||6,842||$23.67||$161,950.14|| |
|2/27/2014||Thomas Mahoney||VP||Sell||1,321||$23.57||$31,135.97|| |
|12/5/2013||Gary Goldberg||CEO||Sell||3,906||$23.31||$91,048.86|| |
|5/2/2013||Gary J Goldberg||CEO||Buy||3,000||$32.81||$98,430.00|| |
Headline Trends for Newmont Mining Corporation (NYSE:NEM)
Latest Headlines for Newmont Mining Corporation (NYSE:NEM)
Newmont Mining Corporation (NEM) Chart for Friday, October, 20, 2017