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 (WHO). Since then, NEM shares have increased by 34.2% and is now trading at $61.74. 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) released its quarterly earnings data on Tuesday, May, 5th. The basic materials company reported $0.40 EPS for the quarter, missing the Zacks' 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 firm's revenue was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 announced that its Board of Directors has approved 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 repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

15 brokerages have issued 1 year target prices for Newmont Goldcorp's shares. Their forecasts range from $48.00 to $97.00. On average, they expect 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.

Media stories about NEM stock have trended very negative on Thursday, according to InfoTrie. The research firm scores the sentiment of news 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 media sentiment score of -3.3 on InfoTrie's scale. They also assigned headlines about the basic materials company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. 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 days-to-cover ratio is presently 1.5 days. Approximately 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), 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."

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 $61.74.

Newmont Goldcorp has a market capitalization of $49.55 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]