Newmont Stock Forecast, Price & News

Newmont (NYSE:NEM) Frequently Asked Questions

Is Newmont a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Newmont stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEM, but not buy additional shares or sell existing shares.
View analyst ratings for Newmont or view top-rated stocks.

How has Newmont's stock been impacted by Coronavirus?

Newmont's stock was trading at $46.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NEM stock has increased by 37.1% and is now trading at $63.09.
View which stocks have been most impacted by COVID-19.

Are investors shorting Newmont?

Newmont saw a increase in short interest in December. As of December 15th, there was short interest totaling 9,630,000 shares, an increase of 39.6% from the November 30th total of 6,900,000 shares. Based on an average trading volume of 6,570,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.2% of the shares of the company are sold short.
View Newmont's Short Interest.

When is Newmont's next earnings date?

Newmont is scheduled to release its next quarterly earnings announcement on Thursday, February 24th 2022.
View our earnings forecast for Newmont.

How can I listen to Newmont's earnings call?

Newmont will be holding an earnings conference call on Thursday, February 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "5617939".

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) posted its earnings results on Thursday, October, 28th. The basic materials company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.88 by $0.28. The basic materials company earned $2.90 billion during the quarter, compared to analysts' expectations of $3.12 billion. Newmont had a trailing twelve-month return on equity of 10.94% and a net margin of 16.67%. Newmont's revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share.
View Newmont's earnings history.

How often does Newmont pay dividends? What is the dividend yield for Newmont?

Newmont announced a quarterly dividend on Tuesday, October 26th. Shareholders of record on Thursday, December 9th will be given a dividend of $0.55 per share on Tuesday, December 28th. This represents a $2.20 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, December 8th.
View Newmont's dividend history.

Is Newmont a good dividend stock?

Newmont pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.45%. Newmont has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Newmont is 86.96%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Newmont will have a dividend payout ratio of 67.69% next year. This indicates that Newmont will be able to sustain or increase its dividend.
View Newmont's dividend history.

What price target have analysts set for NEM?

13 equities research analysts have issued twelve-month target prices for Newmont's stock. Their forecasts range from $59.00 to $98.00. On average, they expect Newmont's stock price to reach $70.69 in the next year. This suggests a possible upside of 12.0% from the stock's current price.
View analysts' price targets for Newmont or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Newmont stock?

Here are some recent quotes from research analysts about Newmont stock:

• 1. According to Zacks Investment Research, "Newmont’s earnings and sales in the second quarter beat the respective Zacks Consensus Estimate.  The company is making a notable progress with its growth projects. It is likely to gain from a number of projects including the Tanami expansion, Yanacocha Sulfides and Ahafo north. Moreover, the merger with Goldcorp is expected to be value-accretive to its cash flow and generate significant synergies. The company’s efforts to de-leverage its balance sheet are also encouraging.  It also remains focused on improving operational efficiency. However, higher production costs are likely to weigh on its margins. Newmont is witnessing higher cost applicable to sales (CAS) partly related to the pandemic.  Higher capital spending may also affect its ability to generate free cash flow. The recent weakness in gold prices is another concern." (7/27/2021)
• 2. Fundamental Research analysts commented, "Fundamental Research Corp has issued a report entitled “Senior Gold Producers (NYSE: NEM/GOLD / TSX: NGT/ABX) Record Revenue in 2020; Recent Dip in Prices Offers Attractive Entry Point” and dated February 19, 2021. The full report is now at www.researchfrc.com." (2/19/2021)

Who are Newmont's key executives?

Newmont's management team includes the following people:

• Thomas R. Palmer, President, Chief Executive Officer & Director
• Rob Atkinson, Chief Operating Officer & Executive Vice President
• Nancy K. Buese, Chief Financial Officer & Executive Vice President (LinkedIn Profile)
• Dean Gehring, Chief Technology Officer & Executive VP (LinkedIn Profile)
• Luis Canepari, Chief Information Officer & Senior Vice President

What is Tom Palmer's approval rating as Newmont's CEO?

15 employees have rated Newmont CEO Tom Palmer on Glassdoor.com. Tom Palmer has an approval rating of 97% among Newmont's employees. This puts Tom Palmer in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Newmont's key competitors?

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

What other stocks do shareholders of Newmont own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmont investors own include NVIDIA (NVDA), Cisco Systems (CSCO), Barrick Gold (GOLD), Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD), AT&T (T), QUALCOMM (QCOM), AbbVie (ABBV) and Walt Disney (DIS).

What is Newmont's stock symbol?

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

Who are Newmont's major shareholders?

Newmont's stock is owned by a variety of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (0.20%), LGT Capital Partners LTD. (0.19%), Foundation Resource Management Inc. (0.15%), Foundation Resource Management Inc. (0.08%), Royal London Asset Management Ltd. (0.04%) and Retirement Systems of Alabama (0.03%). Company insiders that own Newmont stock include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Jeffrey A Graves, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Nello Mainolfi, Robert D Atkinson, Stephen P Gottesfeld and Thomas Ronald Palmer.
View institutional ownership trends for Newmont.

Which major investors are selling Newmont stock?

NEM stock was sold by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., M&G Investment Management Ltd., Moody National Bank Trust Division, Cutler Group LP, Pendal Group Ltd, Parallel Advisors LLC, DNB Asset Management AS, and Retirement Systems of Alabama. Company insiders that have sold Newmont company stock in the last year include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Nello Mainolfi, Robert D Atkinson, Stephen P Gottesfeld, and Thomas Ronald Palmer.
View insider buying and selling activity for Newmont or view top insider-selling stocks.

Which major investors are buying Newmont stock?

NEM stock was purchased by a variety of institutional investors in the last quarter, including Foundation Resource Management Inc., Russell Investments Group Ltd., Clear Street Markets LLC, Grand Central Investment Group, Radnor Capital Management LLC, CX Institutional, Collective Family Office LLC, and F&V Capital Management LLC.
View insider buying and selling activity for Newmont or or view top insider-buying stocks.

How do I buy shares of Newmont?

Shares of NEM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Newmont's stock price today?

One share of NEM stock can currently be purchased for approximately $63.09.

How much money does Newmont make?

Newmont has a market capitalization of $50.31 billion and generates $11.50 billion in revenue each year. The basic materials company earns $2.83 billion in net income (profit) each year or $2.53 on an earnings per share basis.

How many employees does Newmont have?

Newmont employs 14,300 workers across the globe.

Does Newmont have any subsidiaries?

The following companies are subsidiares of Newmont: AC40689 Limited, Administradora de Negocios Mineros S.A. de C.V., Australian Capital Territory, Battle Mountain Resources Inc., Cayman Pampas Ltd., Con Exploration Ltd., Datawave Sciences Inc., Dawn Mining Company LLC, ELLC Grazing Membership LLC, EMH (BVI) Inc., Elko Land and Livestock Company, Empresa Minera Maria SRL, Fronteer Development (USA) LLC, Fronteer Development LLC, Fronteer Royalty LLC, GCGC LLC, GMK Investments Pty Ltd, Galore Creek Mining Corporation, Galore Creek Partnership, Glamis Rand Mining Company, Gold S.p.A., Goldcorp (Barbados) Inc., Goldcorp America Holdings Inc., Goldcorp Aureus Inc., Goldcorp Aurum Argentum Inc., Goldcorp Canada Ltd., Goldcorp Capital Corporation, Goldcorp Exeter Ltd., Goldcorp Faja de Plata S.A. de C.V., Goldcorp General Holdings Ltd., Goldcorp Global Services Inc., Goldcorp Holdings Europe B.V., Goldcorp Holdings GmbH, Goldcorp Inc., Goldcorp Insurance Company Inc., Goldcorp Internacional S.A. de C.V., Goldcorp Kaminak Ltd., Goldcorp Latin America Finance Limited, Goldcorp MC Holding S.p.A., Goldcorp Peñasquito S.A. de C.V., Goldcorp Porcupine Nominee Ltd., Goldcorp Red Lake Nominee Ltd., Goldcorp Stratum Inc., Goldcorp Tesoro Inc., Goldcorp Trading GmbH, Goldcorp USA Holdings Ltd., Goldcorp USA Inc., Goldcorp USA Services Inc., Goldfields Power Pty Ltd, Hemlo Gold Mines (Ghana) Limited, Holdco S.p.A., Honduras Holdings Ltd., Hospah Holdings Company, Idarado Mining Company, International Mineral Finance S.AR.L., MMC Acquisition Limited, Mexicana Resources Inc., Minera Alumbrera Ltd., Minera BMG, Minera Choluteca S.A. de C.V., Minera Faja de Plata S.A. de C.V., Minera Los Tapados S.A., Minera Newmont (Chile) Limitada, Minera Peñasquito S.A. de C.V., Minera Yanacocha S.R.L., Miramar Gold Corporation, Miramar HBG Inc., Miramar Northern Mining Ltd., Montana Exploradora de Guatemala S.A. de C.V., Moydow Limited, Musto Explorations (Bermuda) Ltd., N.I. Limited, NP Kalgoorlie Pty Ltd, NVL (USA) Limited, NVL Haiti Limited S.A., NVL PNG Limited, NVL Solomon Islands Limited, Nevada Eagle Resources LLC, Nevada Gold Mines LLC, New Verde Mines LLC, Newmont (Guyana) Incorporated, Newmont AP Power Pty Ltd, Newmont Australia Investment Limited, Newmont Boddington Pty Ltd, Newmont Bolivia Limited, Newmont CC&V Mining Corporation, Newmont Canada Corporation, Newmont Canada Holdings ULC, Newmont Capital Limited, Newmont Capital Pty Ltd, Newmont Colombia S.A.S., Newmont Euronimba B.V., Newmont FH B.V., Newmont GTR LLC, Newmont Galore Creek Holdings Corporation, Newmont Ghana Gold Limited, Newmont Gold Company, Newmont Gold Pty Ltd, Newmont Goldcorp Australia Pty Ltd, Newmont Goldcorp Boddington Pty Ltd, Newmont Goldcorp Exploration Pty Ltd, Newmont Goldcorp Integrated Services Inc., Newmont Goldcorp Red Lake Holdings Ltd., Newmont Goldcorp Services Pty Ltd, Newmont Goldcorp Tanami Pty Ltd, Newmont Golden Ridge Limited, Newmont Holdings ULC, Newmont Indonesia Investment Limited, Newmont Indonesia LLC, Newmont International Exploration Pty Ltd, Newmont International Group BV, Newmont International Services Limited, Newmont Investment Holdings LLC, Newmont Landco Pty Ltd, Newmont Latin America Limited, Newmont McCoy Cove Limited, Newmont Mineral Holdings B.V., Newmont Mines Limited, Newmont Mining Finance Pty Ltd, Newmont Mining Holdings Pty Ltd, Newmont NGL Holdings Pty Ltd, Newmont Nevada Energy Investment LLC, Newmont North America Exploration Limited, Newmont Nusa Tenggara Holdings B.V., Newmont Overseas Exploration Limited, Newmont Pacific Energy Pty Ltd, Newmont Peru Limited, Newmont Power Pty Ltd, Newmont Realty Company, Newmont Second Capital Corporation, Newmont Suriname LLC, Newmont Technologies Limited, Newmont USA Limited, Newmont Ventures Limited, Newmont Woodcutters Pty Ltd, Newmont Yandal Operations Pty Ltd, Newmont de Mexico S.A. de C.V., Normandy Company (Malaysia) Sdn Bhd, Normandy Overseas Holding Company Sdn Bhd, Nusa Tenggara Partnership B.V., Orcana Resources Inc., Oroplata S.A., PT Newmont Minahasa Raya, Pequop Exploration LLC, Peridot S.A., Pittston Nevada Gold Company Ltd., Pueblo Viejo Dominicana Corporation, Red Lake Gold Mine Services Ltd., Resurrection Mining Company, Saddleback Investments Pty Ltd, San Juan Basin Holdings Company, Santa Fe Pacific Gold Corporation, Sermineros de Mexico S.A. de C.V., Sermineros de Mexico S.A. de C.V. <0.0010% Sermineros Zacatecas S.A. de C.V., Sociedad Contractual Minera El Morro, Suriname Gold Project CV, Takari Mining SAS, Talapoosa Mining Inc., The LeClair Consolidated Mines Company, The Matoa Gold Mining Company, US Mineral Company Inc., Vol Mines Limited, and West Pequop Project LLC.

When was Newmont founded?

Newmont was founded in 1921.

What is Newmont's official website?

The official website for Newmont is www.newmontgoldcorp.com.

Where are Newmont's headquarters?

Newmont is headquartered at 6363 SOUTH FIDDLER`S GREEN CIRCLE, GREENWOOD VILLAGE CO, 80111.

How can I contact Newmont?

Newmont'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, via email at [email protected], or via fax at 303-837-5837.