NYSE:NEMNewmont Goldcorp Stock Price, Forecast & News

Newmont Goldcorp's stock was trading at $46.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NEM shares have increased by 34.5% and is now trading at $61.88. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont Goldcorp in the last year. There are currently 6 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, July 30th 2020. View our earnings forecast for Newmont Goldcorp.

Newmont Goldcorp will be holding an earnings conference call on Thursday, July 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Newmont Goldcorp Corp (NYSE:NEM) posted its quarterly earnings data on Tuesday, May, 5th. The basic materials company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by $0.02. The basic materials company had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.66 billion. Newmont Goldcorp had a return on equity of 5.10% and a net margin of 33.66%. The business's revenue was up 43.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. View Newmont Goldcorp's earnings history.

Newmont Goldcorp declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Thursday, June 4th will be given a dividend of $0.25 per share on Thursday, June 18th. This represents a $1.00 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, June 3rd. This is an increase from Newmont Goldcorp's previous quarterly dividend of $0.14. View Newmont Goldcorp's dividend history.

Newmont Goldcorp declared that its board has authorized a share repurchase plan on Monday, December 2nd 2019, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

15 brokerages have issued 12 month target prices for Newmont Goldcorp's stock. Their forecasts range from $48.00 to $97.00. On average, they anticipate Newmont Goldcorp's share price to reach $69.42 in the next year. This suggests a possible upside of 12.2% from the stock's current price. View analysts' price targets for Newmont Goldcorp.

News headlines about NEM stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Newmont Goldcorp earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Newmont Goldcorp.

Newmont Goldcorp saw a increase in short interest in June. As of June 15th, there was short interest totaling 14,640,000 shares, an increase of 10.2% from the May 31st total of 13,290,000 shares. Based on an average trading volume of 9,720,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.8% of the company's shares are sold short. View Newmont Goldcorp's Current Options Chain.

Some companies that are related to Newmont Goldcorp include Royal Gold (RGLD), NovaGold Resources (NG), Gold Resource (GORO), Vista Gold (VGZ) and Trevali Mining (TV). View all competitors.

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

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

Newmont Goldcorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include LGT Capital Partners LTD. (0.12%), Hexavest Inc. (0.08%), Foundation Resource Management Inc. (0.08%), State of Alaska Department of Revenue (0.04%), Envestnet Asset Management Inc. (0.02%) and DNB Asset Management AS (0.02%). 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., LGT Capital Partners LTD., Foundation Resource Management Inc., State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, Patton Fund Management Inc., IBM Retirement Fund, and Fulton Bank N. A.. Company insiders that have sold Newmont Goldcorp company stock in the last year include Dean Gehring, E Randall Engel, 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 acquired by a variety of institutional investors in the last quarter, including PM CAPITAL Ltd, Eidelman Virant Capital, Envestnet Asset Management Inc., Ipswich Investment Management Co. Inc., Mount Yale Investment Advisors LLC, E&G Advisors LP, Legacy Capital Partners Inc., and DNB Asset Management AS. 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 $61.88.

Newmont Goldcorp has a market capitalization of $49.66 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.

The official website for Newmont Goldcorp is 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]