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NYSE:NEM - Newmont Goldcorp Stock Price, Forecast & News

$41.12
+0.22 (+0.54 %)
(As of 12/13/2019 03:24 AM ET)
Today's Range
$40.57
Now: $41.12
$41.28
50-Day Range
$36.47
MA: $38.58
$41.17
52-Week Range
$29.77
Now: $41.12
$41.28
Volume7.60 million shs
Average Volume9.15 million shs
Market Capitalization$33.71 billion
P/E Ratio30.46
Dividend Yield1.37%
Beta-0.06
Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of December 31, 2018, the company had proven and probable gold reserves of 65.4 million ounces and an aggregate land position of approximately 24,000 square miles. Read More…

Industry, Sector and Symbol

Industry Gold & silver ores
Sub-IndustryGold
SectorBasic Materials
CUSIP65163910
Phone303-863-7414

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.25 billion
Cash Flow$3.76 per share
Book Value$21.52 per share

Profitability

Net Income$341 million

Miscellaneous

Employees12,400
Market Cap$33.71 billion
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable

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Newmont Goldcorp (NYSE:NEM) Frequently Asked Questions

What is Newmont Goldcorp's stock symbol?

Newmont Goldcorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEM."

How often does Newmont Goldcorp pay dividends? What is the dividend yield for Newmont Goldcorp?

Newmont Goldcorp declared a quarterly dividend on Tuesday, October 22nd. Stockholders of record on Thursday, December 5th will be given a dividend of $0.14 per share on Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, December 4th. View Newmont Goldcorp's Dividend History.

How will Newmont Goldcorp's stock buyback program work?

Newmont Goldcorp announced that its Board of Directors has initiated a share repurchase program on Monday, December 2nd 2019, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

How were Newmont Goldcorp's earnings last quarter?

Newmont Goldcorp Corp (NYSE:NEM) issued its quarterly earnings results on Tuesday, November, 5th. The basic materials company reported $0.36 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.39 by $0.03. The basic materials company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.83 billion. Newmont Goldcorp had a net margin of 25.42% and a return on equity of 4.71%. The company's revenue was up 57.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. View Newmont Goldcorp's Earnings History.

When is Newmont Goldcorp's next earnings date?

Newmont Goldcorp is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Newmont Goldcorp.

What price target have analysts set for NEM?

14 Wall Street analysts have issued 1-year price targets for Newmont Goldcorp's stock. Their forecasts range from $33.00 to $50.00. On average, they expect Newmont Goldcorp's share price to reach $44.03 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price. View Analyst Price Targets for Newmont Goldcorp.

What is the consensus analysts' recommendation for Newmont Goldcorp?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont Goldcorp in the last year. There are currently 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Newmont Goldcorp.

Has Newmont Goldcorp been receiving favorable news coverage?

Press coverage about NEM stock has been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Newmont Goldcorp earned a daily sentiment score of -2.0 on InfoTrie's scale. They also assigned news coverage about the basic materials company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Newmont Goldcorp.

Are investors shorting Newmont Goldcorp?

Newmont Goldcorp saw a decline in short interest in the month of November. As of November 15th, there was short interest totalling 17,070,000 shares, a decline of 6.6% from the October 31st total of 18,280,000 shares. Based on an average daily volume of 6,840,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.1% of the company's stock are sold short. View Newmont Goldcorp's Current Options Chain.

Who are some of Newmont Goldcorp's key competitors?

What other stocks do shareholders of Newmont Goldcorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmont Goldcorp investors own include Barrick Gold (GOLD), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Alibaba Group (BABA), AT&T (T), Netflix (NFLX), Freeport-McMoRan (FCX), Wheaton Precious Metals (WPM) and Micron Technology (MU).

Who are Newmont Goldcorp's key executives?

Newmont Goldcorp's management team includes the folowing people:
  • Mr. Gary J. Goldberg, CEO & Director (Age 60)
  • Mr. Thomas Ronald Palmer, Pres & COO (Age 51)
  • Ms. Nancy K. Buese CPA, Exec. VP & CFO (Age 49)
  • Mr. Stephen P. Gottesfeld, Exec. VP & Gen. Counsel (Age 51)
  • Mr. Randy Engel, Exec. VP of Strategic Devel. (Age 52)

Who are Newmont Goldcorp's major shareholders?

Newmont Goldcorp's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (4.65%), California Public Employees Retirement System (0.85%), Sumitomo Mitsui Trust Holdings Inc. (0.47%), Great West Life Assurance Co. Can (0.41%), Parametric Portfolio Associates LLC (0.37%) and Hexavest Inc. (0.31%). Company insiders that own Newmont Goldcorp stock include Dean Gehring, E Randall Engel, Elaine J Dorward-King, Gary J Goldberg, John Kitlen, Nancy Buese, Nancy Lipson, Scott P Lawson, Stephen P Gottesfeld, Thomas Ronald Palmer and William N Macgowan. View Institutional Ownership Trends for Newmont Goldcorp.

Which institutional investors are selling Newmont Goldcorp stock?

NEM stock was sold by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., Strs Ohio, Artemis Investment Management LLP, Great West Life Assurance Co. Can, Global Thematic Partners LLC, Scout Investments Inc., State of Alaska Department of Revenue and Carillon Tower Advisers Inc.. Company insiders that have sold Newmont Goldcorp company stock in the last year include Dean Gehring, E Randall Engel, Elaine J Dorward-King, Gary J Goldberg, John Kitlen, Nancy Buese, Nancy Lipson, Scott P Lawson, Stephen P Gottesfeld, Thomas Ronald Palmer and William N Macgowan. View Insider Buying and Selling for Newmont Goldcorp.

Which institutional investors are buying Newmont Goldcorp stock?

NEM stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, Phoenix Holdings Ltd., Alberta Investment Management Corp, Alps Advisors Inc., California Public Employees Retirement System, Parametric Portfolio Associates LLC, State of New Jersey Common Pension Fund D and Voloridge Investment Management LLC. View Insider Buying and Selling for Newmont Goldcorp.

How do I buy shares of Newmont Goldcorp?

Shares of NEM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Newmont Goldcorp's stock price today?

One share of NEM stock can currently be purchased for approximately $41.12.

How big of a company is Newmont Goldcorp?

Newmont Goldcorp has a market capitalization of $33.71 billion and generates $7.25 billion in revenue each year. The basic materials company earns $341 million in net income (profit) each year or $1.35 on an earnings per share basis. Newmont Goldcorp employs 12,400 workers across the globe.View Additional Information About Newmont Goldcorp.

What is Newmont Goldcorp's official website?

The official website for Newmont Goldcorp is http://www.newmontgoldcorp.com/.

How can I contact Newmont Goldcorp?

Newmont Goldcorp's mailing address is 6363 SOUTH FIDDLER`S GREEN CIRCLE, GREENWOOD VILLAGE CO, 80111. The basic materials company can be reached via phone at 303-863-7414 or via email at [email protected]


MarketBeat Community Rating for Newmont Goldcorp (NYSE NEM)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  734 (Vote Outperform)
Underperform Votes:  865 (Vote Underperform)
Total Votes:  1,599
MarketBeat's community ratings are surveys of what our community members think about Newmont Goldcorp and other stocks. Vote "Outperform" if you believe NEM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NEM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/13/2019 by MarketBeat.com Staff

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