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Top-Rated Dividend StocksTop-Rated Dividend
NYSE:NEM

Newmont (NEM) Stock Forecast, Price & News

$41.04
+0.52 (+1.28%)
(As of 02:15 PM ET)
Compare
Today's Range
$40.80
▼
$41.23
50-Day Range
$38.20
▼
$45.47
52-Week Range
$37.45
▼
$60.08
Volume
3.77 million shs
Average Volume
7.76 million shs
Market Capitalization
$32.62 billion
P/E Ratio
N/A
Dividend Yield
3.90%
Price Target
$58.01
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Newmont MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
41.3% Upside
$58.01 Price Target
Short Interest
Bearish
3.71% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.71
Upright™ Environmental Score
News Sentiment
0.40mentions of Newmont in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$1.60 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.

2.63 out of 5 stars

Basic Materials Sector

47th out of 164 stocks

Gold & Silver Ores Industry

5th out of 35 stocks

See Top Rated MarketRank™ Stocks Here

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

September 21, 2023 | marketwatch.com
Newmont Corp. stock falls Thursday, still outperforms market
September 21, 2023 | finance.yahoo.com
NEM Sep 2023 41.000 put
September 22, 2023 | Chaikin Analytics (Ad)
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September 21, 2023 | seekingalpha.com
Newmont Corporation (NEM) Presents at 2023 Gold Forum Americas Brokers Conference (Transcript)
September 19, 2023 | finance.yahoo.com
Newmont's (NEM) Newcrest Deal Advances With Regulatory Approvals
September 18, 2023 | markets.businessinsider.com
Newmont Secures Clearances From Australia's FIRB, Japan's FTC To Acquire Newcrest
September 16, 2023 | americanbankingnews.com
Investors Buy Large Volume of Newmont Call Options (NYSE:NEM)
September 16, 2023 | americanbankingnews.com
Research Analysts Set Expectations for Newmont Co.'s Q3 2023 Earnings (NYSE:NEM)
September 22, 2023 | UNKNOWN (Ad)
Space CEO Featured on Good Morning America
A $25 Billion Earth Observation Market by 2040. Learn more
September 15, 2023 | msn.com
S&P 500 Gains and Losses Today: Index Slips After Consumer Data, Tech Losses
September 15, 2023 | benzinga.com
Newmont Unusual Options Activity For September 15
September 15, 2023 | americanbankingnews.com
Newmont Co. (NYSE:NEM) to Post FY2025 Earnings of $2.66 Per Share, Zacks Research Forecasts
September 14, 2023 | americanbankingnews.com
Raymond James Research Analysts Cut Earnings Estimates for Newmont Co. (NYSE:NEM)
September 13, 2023 | americanbankingnews.com
Raymond James Analysts Decrease Earnings Estimates for Newmont Co. (NYSE:NEM)
September 11, 2023 | uk.news.yahoo.com
Newmont Corporation (NYSE:NEM) is a favorite amongst institutional investors who own 85%
September 8, 2023 | benzinga.com
(NEM) - Analyzing Newmont's Short Interest
September 8, 2023 | msn.com
RBC Capital Reiterates Newmont (NEM) Sector Perform Recommendation
September 7, 2023 | benzinga.com
Newmont Unusual Options Activity For September 07
September 7, 2023 | msn.com
Raymond James Maintains Newmont (NEM) Outperform Recommendation
September 7, 2023 | morningstar.com
Newmont Corp NEM Stock Quote
September 6, 2023 | finance.yahoo.com
Newmont Corporation (NEM.MX)
September 6, 2023 | markets.businessinsider.com
RBC Capital Gives a Hold Rating to Newmont Mining (NEM)
September 5, 2023 | finance.yahoo.com
It's Time for Newmont to Pan Out for Investors
August 30, 2023 | seekingalpha.com
Newmont: High Quality Business Strengthened By The Competitor Takeover
August 29, 2023 | msn.com
UBS Maintains Newmont (NEM) Neutral Recommendation
August 29, 2023 | markets.businessinsider.com
Analyst Expectations for Newmont's Future
August 28, 2023 | msn.com
Why I Believe That Newmont Could Triple
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
9/22/2023
Next Earnings (Estimated)
11/07/2023
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
$58.01
High Stock Price Forecast
$94.28
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+43.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.96)
Trailing P/E Ratio
N/A
Forward P/E Ratio
19.86
P/E Growth
1.69
Net Income
$-429,000,000.00
Net Margins
-6.77%
Pretax Margin
-2.22%
Return on Equity
5.74%
Return on Assets
2.97%

Debt

Debt-to-Equity Ratio
0.31
Current Ratio
2.28
Quick Ratio
1.87

Sales & Book Value

Annual Sales
$11.92 billion
Price / Sales
2.70
Cash Flow
$4.55 per share
Price / Cash Flow
8.90
Book Value
$24.61 per share
Price / Book
1.65

Miscellaneous

Outstanding Shares
794,730,000
Free Float
794,176,000
Market Cap
$32.20 billion
Optionable
Optionable
Beta
0.38

Social Links

12 Stocks Corporate Insiders are Abandoning

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Get This Free Report

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. Aaron Parahi Puna (Age 45)
    Exec. VP & 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

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?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. 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 Wall Street analysts have issued twelve-month price targets for Newmont's shares. Their NEM share price forecasts range from $42.00 to $94.28. On average, they anticipate the company's share price to reach $58.01 in the next year. This suggests a possible upside of 43.2% 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 on January 1st, 2023. Since then, NEM shares have decreased by 14.2% and is now trading at $40.52.
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 Tuesday, November 7th 2023.
View our NEM earnings forecast.

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 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 the consensus estimate of $2.93 billion. Newmont had a negative net margin of 6.77% and a positive trailing twelve-month return on equity of 5.74%. The company's quarterly revenue was down 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS.
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. Shareholders of record on Thursday, September 7th will be given a dividend of $0.40 per share on Thursday, September 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, September 6th.
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), VanEck Gold Miners ETF (GDX), WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN), Sprott Gold Miners ETF (SGDM), iShares MSCI Global Silver and Metals Miners ETF (SLVP), Direxion Daily Metals & Mining Bull 2X Shares (MNM), iShares U.S. Basic Materials ETF (IYM) and Leatherback Long/Short Alternative Yield ETF (LBAY).

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 3.97%. 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."

Who are Newmont's major shareholders?

Newmont's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (68.89%), BlackRock Inc. (12.51%), State Street Corp (5.08%), Van ECK Associates Corp (4.20%), Charles Schwab Investment Management Inc. (2.08%) and Geode Capital Management LLC (1.84%). 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, 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 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 $40.52.

How much money does Newmont make?

Newmont (NYSE:NEM) has a market capitalization of $32.20 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 9/22/2023 by MarketBeat.com Staff

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