NYSE:NEMNewmont Goldcorp Stock Price, Forecast & News

Newmont Goldcorp's stock was trading at $46.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NEM shares have increased by 27.1% and is now trading at $58.47. 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 23rd 2020. View our earnings forecast for Newmont Goldcorp.

Newmont Goldcorp Corp (NYSE:NEM) announced its quarterly earnings results on Tuesday, May, 5th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.42 by $0.02. The basic materials company earned $2.58 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $0.33 earnings per share. View Newmont Goldcorp's earnings history.

Newmont Goldcorp announced a quarterly dividend on Wednesday, April 22nd. Investors 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 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date 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 has initiated a share buyback program on Monday, December 2nd 2019, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

15 equities research 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 $69.08 in the next year. This suggests a possible upside of 18.2% from the stock's current price. View analysts' price targets for Newmont Goldcorp.

News articles about NEM stock have trended somewhat negative this week, InfoTrie reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Newmont Goldcorp earned a daily sentiment score of -1.6 on InfoTrie's scale. They also assigned 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 stock's share price in the near term. View the latest news aboutNewmont Goldcorp.

Newmont Goldcorp saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 14,550,000 shares, an increase of 12.7% from the April 15th total of 12,910,000 shares. Based on an average daily trading volume, of 9,830,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.8% of the shares of the company 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (13.39%), Van ECK Associates Corp (4.71%), State Street Corp (4.67%), First Eagle Investment Management LLC (2.55%), Geode Capital Management LLC (1.74%) and Flossbach Von Storch AG (1.31%). 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 APG Asset Management N.V., BlackRock Inc., Wells Fargo & Company MN, Flossbach Von Storch AG, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, and Capital International Investors. 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 bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Geode Capital Management LLC, Ruffer LLP, Swiss National Bank, Hexavest Inc., Clearbridge Investments LLC, Sumitomo Mitsui Trust Holdings Inc., and Janus Henderson Group PLC. 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 $58.47.

Newmont Goldcorp has a market capitalization of $46.93 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]