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Newmont (NEM) Stock Forecast, Price & News

$67.19
+1.08 (+1.63%)
(As of 05/20/2022 12:00 AM ET)
Add
Compare
Today's Range
$65.51
$67.26
50-Day Range
$63.88
$85.42
52-Week Range
$52.60
$86.37
Volume
6.10 million shs
Average Volume
7.83 million shs
Market Capitalization
$53.33 billion
P/E Ratio
51.29
Dividend Yield
3.33%
Beta
0.36
30 days | 90 days | 365 days | Advanced Chart
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Newmont logo

About Newmont

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, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.

Headlines

MarketBeat: Week in Review 4/25 – 4/29 (NEM)
The market is down as positive earnings reports in the tech sector were not enough to offset the effect of the hot (PCE) price index numbers. Before next week's full slate of earnings reports, here are some of the stocks the MarketBeat team was analyzing this week.
Newmont Corporation is the Same as It’s Always Been Which is Why It’s a Buy
Newmont Corporation (NYSE: NEM) stock continues to fall after the mining company delivered its earnings report on April 22. In fairness, the company missed slightly on both the top and bottom lines.
Newmont Co. (NYSE:NEM) EVP Sells $266,520.00 in Stock
Newmont's (NYSE:NEM) Dividend Will Be US$0.55
See More Headlines

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
Gold
CUSIP
65163910
Employees
14,400
Year Founded
1921

Sales & Book Value

Annual Sales
$12.22 billion
Cash Flow
$6.19 per share
Book Value
$27.25 per share

Profitability

Net Income
$1.17 billion
Pretax Margin
8.03%

Debt

Price-To-Earnings

Miscellaneous

Free Float
792,778,000
Market Cap
$53.33 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/24 Dividend
3/09/2022
Dividend Payable
3/24/2022
Last Earnings
4/22/2022
Today
5/20/2022
Ex-Dividend for 6/16 Dividend
6/01/2022
Dividend Payable
6/16/2022
Next Earnings (Estimated)
7/28/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.30 out of 5 stars

Basic Materials Sector

83rd out of 240 stocks

Gold & Silver Ores Industry

12th out of 53 stocks

Analyst Opinion: 3.1Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 0.0 5 -4 -3 -2 -1 -













Newmont (NYSE:NEM) Frequently Asked Questions

Is Newmont a buy right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 14 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Newmont stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEM, but not buy additional shares or sell existing shares.
View analyst ratings for Newmont
or view top-rated stocks.

Are investors shorting Newmont?

Newmont saw a decline in short interest in April. As of April 30th, there was short interest totaling 7,850,000 shares, a decline of 13.8% from the April 15th total of 9,110,000 shares. Based on an average trading volume of 8,260,000 shares, the short-interest ratio is presently 1.0 days. Approximately 1.0% of the company's shares are short sold.
View Newmont's Short Interest
.

When is Newmont's next earnings date?

Newmont is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Newmont
.

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) posted its quarterly earnings data on Friday, April, 22nd. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.02. The basic materials company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.06 billion. Newmont had a net margin of 8.53% and a trailing twelve-month return on equity of 10.24%. Newmont's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS.
View Newmont's earnings history
.

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

Newmont declared a quarterly dividend on Thursday, April 21st. Stockholders of record on Thursday, June 2nd will be paid a dividend of $0.55 per share on Thursday, June 16th. This represents a $2.20 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, June 1st.
View Newmont's dividend history
.

Is Newmont a good dividend stock?

Newmont pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.33%. Newmont has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Newmont is 167.94%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Newmont will have a dividend payout ratio of 66.87% next year. This indicates that Newmont will be able to sustain or increase its dividend.
View Newmont's dividend history.

What price target have analysts set for NEM?

16 Wall Street analysts have issued 12-month price objectives for Newmont's shares. Their forecasts range from $57.00 to $115.00. On average, they expect Newmont's share price to reach $76.32 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
View analysts' price targets for Newmont
or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Newmont stock?
Here are some recent quotes from research analysts about Newmont stock:
  • 1. Fundamental Research analysts commented, "Fundamental Research Corp has issued a report entitled “Newmont vs Barrick – Which One Has Higher Upside Potential?” and dated February 25, 2022. The full report is now at www.researchfrc.com." (3/1/2022)
  • 2. According to Zacks Investment Research, "Newmont’s earnings and sales in the second quarter beat the respective Zacks Consensus Estimate.  The company is making a notable progress with its growth projects. It is likely to gain from a number of projects including the Tanami expansion, Yanacocha Sulfides and Ahafo north. Moreover, the merger with Goldcorp is expected to be value-accretive to its cash flow and generate significant synergies. The company’s efforts to de-leverage its balance sheet are also encouraging.  It also remains focused on improving operational efficiency. However, higher production costs are likely to weigh on its margins. Newmont is witnessing higher cost applicable to sales (CAS) partly related to the pandemic.  Higher capital spending may also affect its ability to generate free cash flow. The recent weakness in gold prices is another concern." (7/27/2021)
Who are Newmont's key executives?
Newmont's management team includes the following people:
What is Tom Palmer's approval rating as Newmont's CEO?

15 employees have rated Newmont CEO Tom Palmer on Glassdoor.com. Tom Palmer has an approval rating of 97% among Newmont's employees. This puts Tom Palmer in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Newmont's key competitors?
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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.63%), Vanguard Group Inc. (8.43%), State Street Corp (5.12%), Van ECK Associates Corp (4.30%), GQG Partners LLC (4.04%) and First Eagle Investment Management LLC (2.21%). Company insiders that own Newmont stock include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Jeffrey A Graves, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Nello Mainolfi, Robert D Atkinson, Stephen P Gottesfeld and Thomas Ronald Palmer.
View institutional ownership trends for Newmont
.

Which major investors are selling Newmont stock?

NEM stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Boston Partners, First Trust Advisors LP, Flossbach Von Storch AG, Capital Wealth Planning LLC, Canada Pension Plan Investment Board, LGT Capital Partners LTD., and Northern Trust Corp. Company insiders that have sold Newmont company stock in the last year include Blake Rhodes, Dean Gehring, Jennifer Cmil, Nancy Buese, Nancy Lipson, Nello Mainolfi, Robert D Atkinson, Stephen P Gottesfeld, and Thomas Ronald Palmer.
View insider buying and selling activity for Newmont
or view top insider-selling stocks.

Which major investors are buying Newmont stock?

NEM stock was bought by a variety of institutional investors in the last quarter, including GQG Partners LLC, Caisse DE Depot ET Placement DU Quebec, Capital World Investors, Bank of New York Mellon Corp, Vanguard Group Inc., Carmignac Gestion, Charles Schwab Investment Management Inc., and Lord Abbett & CO. LLC.
View insider buying and selling activity for Newmont
or or view top insider-buying stocks.

How do I buy shares of Newmont?

Shares of NEM 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 $67.19.

How much money does Newmont make?

Newmont has a market capitalization of $53.33 billion and generates $12.22 billion in revenue each year. The basic materials company earns $1.17 billion in net income (profit) each year or $1.309990 on an earnings per share basis.

How many employees does Newmont have?

Newmont employs 14,400 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.

When was Newmont founded?

Newmont was founded in 1921.

What is Newmont's official website?

The official website for Newmont is www.newmontgoldcorp.com.

How can I contact Newmont?

Newmont'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, via email at [email protected], or via fax at 303-837-5837.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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