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NYSE:NEM

Newmont (NEM) Stock Price, News & Analysis

$41.98
+0.75 (+1.82%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$41.42
$42.08
50-Day Range
$33.56
$44.46
52-Week Range
$29.42
$45.92
Volume
6.23 million shs
Average Volume
12.79 million shs
Market Capitalization
$48.41 billion
P/E Ratio
N/A
Dividend Yield
2.38%
Price Target
$48.36

Newmont MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.2% Upside
$48.36 Price Target
Short Interest
Healthy
1.63% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.71
Upright™ Environmental Score
News Sentiment
0.64mentions of Newmont in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
34.18%
From $2.37 to $3.18 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.

4.66 out of 5 stars

Basic Materials Sector

13th out of 169 stocks

Gold & Silver Ores Industry

1st out of 36 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

3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off
Investors need to consider some of the world's most critical trends if they want to expose their portfolios to global growth. Some of these current trends are electric vehicles (EVs) and artificial intelligence components, which go beyond semiconductor and technology stocks.
3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off (NEM)
Three copper stocks could help investors get additional upside for their portfolios, especially if they are missing influence from the AI and EV trends
Newmont (NYSE:NEM) PT Raised to $48.00 at Scotiabank
CIBC Keeps Their Hold Rating on Newmont Mining (NEM)
Breaking Down Newmont: 6 Analysts Share Their Views
Newmont: Optimism Priced In (Rating Downgrade)
Four Stocks Turn $10,000 Into $26,406 In 4 Months
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/04/2024
Dividend Payable
3/28/2024
Last Earnings
4/25/2024
Today
5/27/2024
Ex-Dividend for 6/27 Dividend
6/04/2024
Dividend Payable
6/27/2024
Next Earnings (Estimated)
7/18/2024
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
$48.36
High Stock Price Target
$61.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+15.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
$-2,494,000,000.00
Pretax Margin
-16.28%

Debt

Sales & Book Value

Annual Sales
$11.81 billion
Cash Flow
$3.01 per share
Book Value
$25.35 per share

Miscellaneous

Outstanding Shares
1,153,140,000
Free Float
1,152,448,000
Market Cap
$48.41 billion
Optionable
Optionable
Beta
0.48

Social Links

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NEM Stock Analysis - Frequently Asked Questions

Should I buy or sell Newmont stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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 brokerages have issued 1-year target prices for Newmont's stock. Their NEM share price targets range from $38.00 to $61.00. On average, they anticipate the company's share price to reach $48.36 in the next year. This suggests a possible upside of 15.2% 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 2024?

Newmont's stock was trading at $41.39 at the beginning of 2024. Since then, NEM stock has increased by 1.4% and is now trading at $41.98.
View the best growth stocks for 2024 here
.

Are investors shorting Newmont?

Newmont saw a increase in short interest in April. As of April 15th, there was short interest totaling 20,220,000 shares, an increase of 22.0% from the March 31st total of 16,580,000 shares. Based on an average trading volume of 14,290,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.8% of the shares of the 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, July 18th 2024.
View our NEM earnings forecast
.

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) issued its earnings results on Thursday, April, 25th. The basic materials company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.35 by $0.20. The basic materials company earned $4.02 billion during the quarter, compared to the consensus estimate of $3.66 billion. Newmont had a positive trailing twelve-month return on equity of 6.88% and a negative net margin of 20.19%. The business's quarterly revenue was up 50.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 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, April 25th. Investors of record on Tuesday, June 4th will be given a dividend of $0.25 per share on Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Tuesday, June 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 2.38%.
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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.70%), Van ECK Associates Corp (4.31%), Bank of New York Mellon Corp (2.01%), First Eagle Investment Management LLC (1.52%), Price T Rowe Associates Inc. MD (0.43%) and Jane Street Group LLC (0.00%). Insiders that own company stock include Blake Rhodes, Dean Gehring, Jennifer Cmil, 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.
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This page (NYSE:NEM) was last updated on 5/27/2024 by MarketBeat.com Staff

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