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 32.9% and is now trading at $61.18. 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 data on Tuesday, May, 5th. The basic materials company reported $0.40 EPS 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 analyst estimates of $2.66 billion. Newmont Goldcorp had a net margin of 33.66% and a return on equity of 5.10%. 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 EPS. View Newmont Goldcorp's earnings history.

Newmont Goldcorp declared a quarterly dividend on Wednesday, April 22nd. Stockholders 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 dividend yield of 1.63%. The ex-dividend date of this dividend 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 has authorized a stock buyback program on Monday, December 2nd 2019, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

15 brokers have issued twelve-month target prices for Newmont Goldcorp's shares. Their forecasts range from $48.00 to $97.00. On average, they anticipate Newmont Goldcorp's stock price to reach $69.42 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price. View analysts' price targets for Newmont Goldcorp.

Headlines about NEM stock have been trending negative on Tuesday, InfoTrie reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. 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 coverage optimism score of -2.1 on InfoTrie's scale. They also gave news stories about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few 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. Currently, 1.8% of the company's 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."

Newmont Goldcorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.04%), Fulton Bank N. A. (0.00%) and Municipal Employees Retirement System of Michigan (0.00%). 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 State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, 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.

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 $61.18.

Newmont Goldcorp has a market capitalization of $49.10 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]