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NYSE:NEM

Newmont Stock Forecast, Price & News

$54.58
+0.68 (+1.26 %)
(As of 09/28/2021 12:00 AM ET)
Add
Compare
Today's Range
$53.26
$54.79
50-Day Range
$53.87
$62.82
52-Week Range
$53.26
$75.31
Volume7.57 million shs
Average Volume6.53 million shs
Market Capitalization$43.62 billion
P/E Ratio15.29
Dividend Yield4.08%
Beta0.23
30 days | 90 days | 365 days | Advanced Chart
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Newmont logo

About Newmont

Newmont Corp. is a gold producer, which engages in the production of gold. It operates through the following geographical segments: North America, South America, Nevada, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States. The South America segment consists primarily of Yanacocha in Peru and Merian in Suriname. The Australia segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Africa segment consists primarily of Ahafo and Akyem in Ghana. The company was founded by William Boyce Thompson on May 2, 1921 and is headquartered in Greenwood Village, CO.

Headlines

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Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
Gold
CUSIP
65163910
Employees
14,300
Year Founded
1921

Sales & Book Value

Annual Sales
$11.50 billion
Cash Flow
$5.29 per share
Book Value
$29.68 per share

Profitability

Net Income
$2.83 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$43.62 billion
Next Earnings Date
11/4/2021 (Estimated)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.99 out of 5 stars

Basic Materials Sector

9th out of 225 stocks

Gold & Silver Ores Industry

1st out of 45 stocks

Analyst Opinion: 4.3Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Newmont (NYSE:NEM) Frequently Asked Questions

Is Newmont a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Newmont stock.
View analyst ratings for Newmont
or view top-rated stocks.

What stocks does MarketBeat like better than Newmont?

Wall Street analysts have given Newmont a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Newmont wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Newmont's next earnings date?

Newmont is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Newmont
.

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) released its quarterly earnings results on Thursday, July, 22nd. The basic materials company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.76 by $0.07. The basic materials company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.11 billion. Newmont had a net margin of 23.00% and a trailing twelve-month return on equity of 11.78%. The company's revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share.
View Newmont's earnings history
.

How has Newmont's stock price been impacted by COVID-19?

Newmont's stock was trading at $46.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NEM stock has increased by 18.6% and is now trading at $54.58.
View which stocks have been most impacted by COVID-19
.

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

Newmont declared a quarterly dividend on Wednesday, July 21st. Shareholders of record on Thursday, September 9th will be paid a dividend of $0.55 per share on Thursday, September 23rd. This represents a $2.20 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Wednesday, September 8th.
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 4.08%. NEM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Newmont does not yet have a strong track record of dividend growth. The dividend payout ratio of Newmont is 82.71%. 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 59.46% next year. This indicates that Newmont will be able to sustain or increase its dividend.
View Newmont's dividend history.

How will Newmont's stock buyback program work?

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

What price target have analysts set for NEM?

10 brokerages have issued twelve-month price targets for Newmont's shares. Their forecasts range from $60.00 to $105.00. On average, they expect Newmont's stock price to reach $73.60 in the next twelve months. This suggests a possible upside of 34.8% 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. 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)
  • 2. Fundamental Research analysts commented, "Fundamental Research Corp has issued a report entitled “Senior Gold Producers (NYSE: NEM/GOLD / TSX: NGT/ABX) Record Revenue in 2020; Recent Dip in Prices Offers Attractive Entry Point” and dated February 19, 2021. The full report is now at www.researchfrc.com." (2/19/2021)

Who are Newmont's key executives?

Newmont's management team includes the following people:
  • Thomas R. Palmer, President, Chief Executive Officer & Director
  • Rob Atkinson, Chief Operating Officer & Executive Vice President
  • Nancy K. Buese, Chief Financial Officer & Executive Vice President (LinkedIn Profile)
  • Dean Gehring, Chief Technology Officer & Executive VP
  • Luis Canepari, Chief Information Officer & Vice President

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 The 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 shareholders include Vanguard Group Inc. (8.28%), Van ECK Associates Corp (5.00%), State Street Corp (4.95%), FMR LLC (2.78%), Deutsche Bank AG (2.56%) and Flossbach Von Storch AG (1.95%). 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 institutional investors are selling Newmont stock?

NEM stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Swiss National Bank, AQR Capital Management LLC, Prudential Financial Inc., Price T Rowe Associates Inc. MD, Capital International Investors, Carmignac Gestion, and Los Angeles Capital Management LLC. Company insiders that have sold Newmont company stock in the last year include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Jennifer Cmil, John Kitlen, 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 institutional investors are buying Newmont stock?

NEM stock was purchased by a variety of institutional investors in the last quarter, including Jefferies Group LLC, FMR LLC, GQG Partners LLC, State Street Corp, Charles Schwab Investment Management Inc., First Trust Advisors LP, Renaissance Technologies LLC, and Ensign Peak Advisors Inc.
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 $54.58.

How much money does Newmont make?

Newmont has a market capitalization of $43.62 billion and generates $11.50 billion in revenue each year. The basic materials company earns $2.83 billion in net income (profit) each year or $2.66 on an earnings per share basis.

How many employees does Newmont have?

Newmont employs 14,300 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.

Where are Newmont's headquarters?

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 or via email at [email protected].


This page was last updated on 9/28/2021 by MarketBeat.com Staff

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