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NYSE:NEM

Newmont (NEM) Stock Forecast, Price & News

$40.52

-0.43 (-1.05%)

(As of 09/21/2023 ET)

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Today's Range: $39.80
▼
$40.72
50-Day Range: $38.20
▼
$45.47
52-Week Range: $37.45
▼
$60.08

Volume: 6.90 million shs
Average Volume: 7.11 million shs
Market Capitalization: $32.20 billion

P/E Ratio: N/A
Dividend Yield: 3.95%
Price Target: $58.01

Newmont MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.77 Rating Score
Upside/Downside: 43.2% 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: 0.40
Based on 22 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

48th out of 165 stocks

Gold & Silver Ores Industry

6th out of 36 stocks

4.4

Analyst's Opinion

Consensus Rating
Newmont has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $58.01, Newmont has a forecasted upside of 43.2% from its current price of $40.52.
Amount of Analyst Coverage
Newmont has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
3.71% of the float of Newmont has been sold short.
Short Interest Ratio / Days to Cover
Newmont has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in Newmont has recently increased by 4.51%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Leadership
Newmont is a leading dividend payer. It pays a dividend yield of 3.97%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Newmont does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Newmont will have a dividend payout ratio of 59.04% next year. This indicates that Newmont will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Newmont has received a -117.96% net impact score from Upright. The largest negative impact of Newmont Mining in category "GHG emissions" seems to be driven mostly by its "Construction of mine infrastructure", "Copper", and "Mining process engineering" products. See details.
Environmental Sustainability
The Environmental Impact score for Newmont is -6.71.

2.4

News and Social Media Coverage

News Sentiment
Newmont has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for Newmont this week, compared to 7 articles on an average week.
Search Interest
Only 39 people have searched for NEM on MarketBeat in the last 30 days. This is a decrease of -32% compared to the previous 30 days.
MarketBeat Follows
28 people have added Newmont to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Newmont insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,600,929.00 in company stock.
Percentage Held by Insiders
Only 0.07% of the stock of Newmont is held by insiders.
Percentage Held by Institutions
79.53% of the stock of Newmont is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Newmont are expected to grow by 32.84% in the coming year, from $2.04 to $2.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Newmont is -42.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Newmont is -42.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Newmont has a PEG Ratio of 1.67. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Newmont has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

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 | Edge On The Street (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 | Edge On The Street (Ad)

The Strategic Gold Play You Haven't Heard About

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

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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

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Key Executives

Mr. Thomas Ronald Palmer (Age 55)
Pres, CEO & Director
Comp: $3.46M

Mr. 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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