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

$46.35
-1.93 (-4.00 %)
(As of 03/29/2020 02:29 AM ET)
Today's Range
$45.71
Now: $46.35
$48.89
50-Day Range
$39.50
MA: $45.70
$52.35
52-Week Range
$29.77
Now: $46.35
$52.49
Volume8.73 million shs
Average Volume13.25 million shs
Market Capitalization$37.44 billion
P/E Ratio13.36
Dividend Yield1.16%
Beta0.15
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. Newmont Mining Corporation was founded in 1916 and is headquartered in Greenwood Village, Colorado.
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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$9.74 billion
Cash Flow$3.48 per share
Book Value$27.69 per share

Profitability

Net Income$2.81 billion

Miscellaneous

Employees16,600
Market Cap$37.44 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Newmont Goldcorp (NYSE:NEM) Frequently Asked Questions

How has Newmont Goldcorp's stock been impacted by COVID-19 (Coronavirus)?

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.

Do Wall Street analysts recommend investors buy shares of Newmont Goldcorp?

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.

When is Newmont Goldcorp's next earnings date?

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

How were Newmont Goldcorp's earnings last quarter?

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.

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

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.

How will Newmont Goldcorp's stock buyback program work?

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.

What price target have analysts set for NEM?

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.

Has Newmont Goldcorp been receiving favorable news coverage?

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.

Are investors shorting Newmont 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.

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), Cisco Systems (CSCO), Intel (INTC), Alibaba Group (BABA), AT&T (T), Micron Technology (MU), Walt Disney (DIS), Netflix (NFLX) and Freeport-McMoRan (FCX).

Who are Newmont Goldcorp's key executives?

Newmont Goldcorp's management team includes the following 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)

What is Newmont Goldcorp's stock symbol?

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

Who are Newmont Goldcorp's major shareholders?

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.

Which institutional investors are selling Newmont Goldcorp stock?

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.

Which institutional investors are buying Newmont Goldcorp stock?

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.

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 $46.35.

How big of a company is Newmont Goldcorp?

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.

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:  2.4 out of 5 (star star)
Outperform Votes:  813 (Vote Outperform)
Underperform Votes:  892 (Vote Underperform)
Total Votes:  1,705
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 3/29/2020 by MarketBeat.com Staff

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