NYSE:NEMNewmont Goldcorp Stock Price, Forecast & News

Newmont Goldcorp's stock was trading at $46.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NEM stock has increased by 34.2% and is now trading at $61.77. 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) released its quarterly earnings data on Tuesday, May, 5th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.02. The basic materials company earned $2.58 billion during the quarter, compared to analyst estimates of $2.66 billion. Newmont Goldcorp had a return on equity of 5.10% and a net margin of 33.66%. The firm's revenue was up 43.2% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. 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 paid a dividend of $0.25 per share on Thursday, June 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a boost from Newmont Goldcorp's previous quarterly dividend of $0.14. View Newmont Goldcorp's dividend history.

Newmont Goldcorp declared that its Board of Directors has initiated a share 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 reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

15 analysts have issued 12 month target prices for Newmont Goldcorp's shares. 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 12.4% from the stock's current price. View analysts' price targets for Newmont Goldcorp.

News articles about NEM stock have trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Newmont Goldcorp earned a news impact score of -1.5 on InfoTrie's scale. They also gave news coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Newmont Goldcorp.

Newmont Goldcorp saw a increase in short interest during the month of 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 daily volume of 9,720,000 shares, the short-interest ratio is currently 1.5 days. Currently, 1.8% of the shares of the stock 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), Trevali Mining (TV) and Vista Gold (VGZ). 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%), MERIAN GLOBAL INVESTORS UK Ltd (0.03%) and Alpha Cubed Investments LLC (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., Scout Investments Inc., State of Alaska Department of Revenue, IFM Investors Pty Ltd, Municipal Employees Retirement System of Michigan, and Patton Fund Management Inc.. 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 purchased by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, PM CAPITAL Ltd, Eidelman Virant Capital, Envestnet Asset Management Inc., Polaris Greystone Financial Group LLC, Alpha Cubed Investments LLC, NuWave Investment Management LLC, and Engrave Wealth Partners LLC. 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 $61.77.

Newmont Goldcorp has a market capitalization of $49.58 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]