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

Newmont Goldcorp's stock was trading at $46.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NEM shares have increased by 0.7% and is now trading at $46.35. View which stocks have been mosted impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont Goldcorp in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Newmont Goldcorp.

Newmont Goldcorp is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Newmont Goldcorp.

Newmont Goldcorp Corp (NYSE:NEM) announced its earnings results on Thursday, February, 20th. The basic materials company reported $0.50 EPS for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.02. The basic materials company earned $2.97 billion during the quarter, compared to analysts' expectations of $3.02 billion. Newmont Goldcorp had a net margin of 28.80% and a return on equity of 5.07%. The firm's revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. View Newmont Goldcorp's earnings history.

Newmont Goldcorp declared a quarterly dividend on Tuesday, February 18th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.14 per share on Thursday, March 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, March 4th. View Newmont Goldcorp's dividend history.

Newmont Goldcorp announced that its board has approved a stock repurchase plan on Monday, December 2nd 2019, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

13 Wall Street analysts have issued 12 month price objectives for Newmont Goldcorp's shares. Their forecasts range from $43.00 to $58.00. On average, they expect Newmont Goldcorp's stock price to reach $50.55 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View analysts' price targets for Newmont Goldcorp.

Headlines about NEM stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Newmont Goldcorp earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned news stories about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutNewmont Goldcorp.

Newmont Goldcorp saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 16,990,000 shares, an increase of 14.1% from the February 13th total of 14,890,000 shares. Based on an average daily volume of 7,990,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.1% of the company's shares are short sold. View Newmont Goldcorp's Current Options Chain.

Some companies that are related to Newmont Goldcorp include Barrick Gold (ABX), Barrick Gold (GOLD), Franco Nevada (FNV), Wheaton Precious Metals (WPM), Agnico Eagle Mines (AEM), AngloGold Ashanti (AU), Kirkland Lake Gold (KL), Kinross Gold (KGC), Gold Fields (GFI), Pan American Silver (PAAS), Sibanye Gold (SBGL), Yamana Gold (AUY), Alamos Gold (AGI), First Majestic Silver (AG) and Harmony Gold Mining (HMY).

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

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

Newmont Goldcorp's stock is owned by a number of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (4.79%), State Street Corp (4.66%), First Eagle Investment Management LLC (2.53%), FMR LLC (2.01%), Geode Capital Management LLC (1.55%) and Bank of New York Mellon Corp (1.32%). Company insiders that own Newmont Goldcorp stock include Dean Gehring, E Randall Engel, Elaine J Dorward-King, Gary J Goldberg, Jennifer Cmil, 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.

NEM stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Nuveen Asset Management LLC, Man Group plc, Bank of New York Mellon Corp, Capital World Investors, Schroder Investment Management Group, Retirement Systems of Alabama, and AQR Capital Management LLC. 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, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Scott P Lawson, Stephen P Gottesfeld, Thomas Ronald Palmer, and William N Macgowan. View insider buying and selling activity for Newmont Goldcorp.

NEM stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, FMR LLC, Renaissance Technologies LLC, Van ECK Associates Corp, Euro Pacific Asset Management LLC, UBS Asset Management Americas Inc., Vestcor Investment Management Corp, and Teacher Retirement System of Texas. View insider buying and selling activity for 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.

One share of NEM stock can currently be purchased for approximately $46.35.

Newmont Goldcorp has a market capitalization of $37.44 billion and generates $9.74 billion in revenue each year. The basic materials company earns $2.81 billion in net income (profit) each year or $1.32 on an earnings per share basis. Newmont Goldcorp employs 16,600 workers across the globe. View additional information about Newmont Goldcorp.

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

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]