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NYSE:NEM

Newmont (NEM) Stock Forecast, Price & News

$42.09

-0.38 (-0.89%)

(As of 06/2/2023 ET)

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Today's Range: $41.84
▼
$42.92
50-Day Range: $40.41
▼
$52.07
52-Week Range: $37.45
▼
$68.92

Volume: 11.47 million shs
Average Volume: 8.08 million shs
Market Capitalization: $33.45 billion

P/E Ratio: N/A
Dividend Yield: 3.80%
Price Target: $60.53

Newmont MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 43.8% Upside
$60.53 Price Target
Short Interest: Healthy
2.16% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -6.71
Upright™ Environmental Score
News Sentiment: 0.27
Based on 15 Articles This Week
Insider Trading: Selling Shares
$1.80 M Sold Last Quarter
Proj. Earnings Growth: 11.57%
From $2.42 to $2.70 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Basic Materials Sector

46th out of 163 stocks

Gold & Silver Ores Industry

5th out of 28 stocks

4.4

Analyst's Opinion

Consensus Rating
Newmont has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $60.53, Newmont has a forecasted upside of 43.8% from its current price of $42.09.
Amount of Analyst Coverage
Newmont has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.16% of the float of Newmont has been sold short.
Short Interest Ratio / Days to Cover
Newmont has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Newmont has recently increased by 2.76%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Leadership
Newmont is a leading dividend payer. It pays a dividend yield of 3.95%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Newmont does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Newmont will have a dividend payout ratio of 59.26% next year. This indicates that Newmont will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Newmont has received a -117.96% net impact score from Upright. The largest negative impact of Newmont Mining in category "GHG emissions" seems to be driven mostly by its "Construction of mine infrastructure", "Copper", and "Mining process engineering" products. See details.
Environmental Sustainability
The Environmental Impact score for Newmont is -6.71.

1.8

News and Social Media Coverage

News Sentiment
Newmont has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Newmont this week, compared to 7 articles on an average week.
Search Interest
Only 50 people have searched for NEM on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
Only 13 people have added Newmont to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Newmont insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,802,760.00 in company stock.
Percentage Held by Insiders
Only 0.07% of the stock of Newmont is held by insiders.
Percentage Held by Institutions
77.60% of the stock of Newmont is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Newmont are expected to grow by 11.57% in the coming year, from $2.42 to $2.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Newmont is -63.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Newmont is -63.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Newmont has a PEG Ratio of 1.73. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Newmont has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Newmont (NYSE:NEM) Stock

Newmont Corp. is a gold producer, engages in the exploration and acquisition of gold properties, contains copper, silver, lead, zinc or other metals. It operates through the following geographical segments: North America, South America, Nevada, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States. The South America segment composed of Yanacocha in Peru, Merian in Suriname and Cerro Negro. The Australia segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Africa segment composed of Ahafo and Akyem in Ghana. The company was founded by William Boyce Thompson on May 2, 1921, and is headquartered in Denver, CO.

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NEM Stock News Headlines

June 3, 2023 | americanbankingnews.com

Newmont Co. (NYSE:NEM) CEO Thomas Ronald Palmer Sells 11,000 Shares of Stock

June 2, 2023 | msn.com

Newmont Unusual Options Activity

June 4, 2023 | Behind the Markets (Ad)

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June 2, 2023 | seekingalpha.com

Swallowed By Giants: Newmont And Newcrest Mining

June 1, 2023 | msn.com

Newmont to spend $540M to extend life of Argentina mine, government says

June 1, 2023 | msn.com

Newmont Unusual Options Activity For June 01

May 31, 2023 | marketwatch.com

Newmont Corp. stock rises Wednesday, outperforms market

May 30, 2023 | finance.yahoo.com

Newmont Corporation (NEM) Stock Moves -0.69%: What You Should Know

June 4, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

May 30, 2023 | finance.yahoo.com

NEM - Newmont Corporation

May 30, 2023 | americanbankingnews.com

Newmont Co. (NYSE:NEM) Declares $0.40 Quarterly Dividend

May 29, 2023 | finance.yahoo.com

An Intrinsic Calculation For Newmont Corporation (NYSE:NEM) Suggests It's 25% Undervalued

May 26, 2023 | americanbankingnews.com

Newmont Co. (NYSE:NEM) Receives $60.53 Consensus Price Target from Brokerages

May 25, 2023 | benzinga.com

Newmont Unusual Options Activity For May 25

May 21, 2023 | fool.com

Newmont (NYSE: NEM)

May 20, 2023 | benzinga.com

Lifshitz Law PLLC Announces Investigations of OKE, MMP, and NEM

May 20, 2023 | americanbankingnews.com

Raymond James Equities Analysts Boost Earnings Estimates for Newmont Co. (NYSE:NEM)

May 19, 2023 | msn.com

Newmont Taps Former Hess Director As CFO On Heels Of $19B Newcrest Acquisition

May 19, 2023 | markets.businessinsider.com

New Buy Rating for Newmont Mining (NEM), the Basic Materials Giant

May 19, 2023 | americanbankingnews.com

Newmont (NYSE:NEM) PT Lowered to $57.00 at Raymond James

May 19, 2023 | americanbankingnews.com

Raymond James Comments on Newmont Co.'s Q1 2024 Earnings (NYSE:NEM)

May 19, 2023 | markets.businessinsider.com

Newmont Appoints Karyn Ovelmen As EVP And CFO

May 18, 2023 | juniorminingnetwork.com

Newmont Appoints Karyn Ovelman as Executive Vice President and Chief Financial Officer

May 18, 2023 | finance.yahoo.com

Newmont Appoints Experienced Chief Financial Officer

May 18, 2023 | benzinga.com

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Newmont Corporation Merger

May 18, 2023 | benzinga.com

Newmont Unusual Options Activity For May 18

May 18, 2023 | markets.businessinsider.com

Citi Reaffirms Their Buy Rating on Newmont Mining (NEM)

See More Headlines

NEM Price History

30 days | 90 days | 365 days | Advanced Chart

NEM Company Calendar

Ex-Dividend for 3/23 Dividend: 3/08/2023
Dividend Payable: 3/23/2023
Last Earnings: 4/27/2023
Ex-Dividend for 6/15 Dividend: 5/31/2023
Today: 6/03/2023
Dividend Payable: 6/15/2023
Next Earnings (Estimated): 7/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Gold & silver ores
Sub-Industry: Gold
Sector: Basic Materials
Current Symbol: NYSE:NEM
CUSIP: 65163910
CIK: 1164727
Web: www.newmontgoldcorp.com
Phone: (303) 863-7414
Fax: 303-837-5837
Employees: 14,600
Year Founded: 1921

Price Target and Rating

Average Stock Price Forecast: $60.53
High Stock Price Forecast: $94.00
Low Stock Price Forecast: $51.92
Forecasted Upside/Downside: +43.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.82
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.66)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 17.39
P/E Growth: 1.73
Net Income: $-429,000,000.00
Net Margins: -4.55%
Pretax Margin: -1.21%
Return on Equity: 6.05%
Return on Assets: 3.19%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 2.38
Quick Ratio: 2.00

Sales & Book Value

Annual Sales: $11.57 billion
Price / Sales: 2.89
Cash Flow: $4.56 per share
Price / Cash Flow: 9.23
Book Value: $24.61 per share
Price / Book: 1.71

Miscellaneous

Outstanding Shares: 794,712,000
Free Float: 794,156,000
Market Cap: $33.45 billion
Optionable: Optionable
Beta: 0.34

Social Links

Key Executives

Thomas R. Palmer
President, Chief Executive Officer & Director

Rob Atkinson
Chief Operating Officer & Executive Vice President

Brian C. Tabolt
Chief Financial Officer & Executive Vice President

Luis Canepari
Chief Information Officer & Senior Vice President

Aaron Puna
Chief Technology Officer & Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NEM Stock - Frequently Asked Questions

Should I buy or sell Newmont stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NEM shares.
View NEM analyst ratings or view top-rated stocks.
What is Newmont's stock price forecast for 2023?: 11 Wall Street research analysts have issued twelve-month target prices for Newmont's stock. Their NEM share price forecasts range from $51.92 to $94.00. On average, they predict the company's stock price to reach $60.53 in the next year. This suggests a possible upside of 43.8% from the stock's current price.
View analysts price targets for NEM or view top-rated stocks among Wall Street analysts.
How have NEM shares performed in 2023?: Newmont's stock was trading at $47.20 on January 1st, 2023. Since then, NEM stock has decreased by 10.8% and is now trading at $42.09.
View the best growth stocks for 2023 here.
When is Newmont's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our NEM earnings forecast.
How were Newmont's earnings last quarter?: Newmont Co. (NYSE:NEM) released its earnings results on Thursday, April, 27th. The basic materials company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. The basic materials company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.70 billion. Newmont had a positive trailing twelve-month return on equity of 6.05% and a negative net margin of 4.55%. The company's revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS.
Read the conference call transcript.
How often does Newmont pay dividends? What is the dividend yield for Newmont?: Newmont announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.40 per share on Thursday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for NEM.
What ETFs hold Newmont's stock?: ETFs with the largest weight of Newmont (NYSE:NEM) stock in their portfolio include iShares MSCI Global Gold Miners ETF (RING), WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN), VanEck Gold Miners ETF (GDX), Sprott Gold Miners ETF (SGDM), SPDR S&P North American Natural Resources ETF (NANR), SPDR S&P Metals & Mining ETF (XME), iShares U.S. Basic Materials ETF (IYM) and Direxion Daily Metal Miners Bull 2X Shares (MNM).
Is Newmont a good dividend stock?: Newmont (NYSE:NEM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.95%.
Read our dividend analysis for NEM.

What is Tom Palmer's approval rating as Newmont's CEO?: 15 employees have rated Newmont Chief Executive Officer Tom Palmer on Glassdoor.com. Tom Palmer has an approval rating of 97% among the company's employees. This puts Tom Palmer in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.96%), State Street Corp (5.06%), Van ECK Associates Corp (4.28%), Deutsche Bank AG (2.26%), Charles Schwab Investment Management Inc. (1.98%) and FMR LLC (1.85%). Insiders that own company stock include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Jeffrey A Graves, Jennifer Cmil, John Kitlen, Mark Casper, Nancy Buese, Nancy Lipson, Nello Mainolfi, Robert D Atkinson, Stephen P Gottesfeld and Thomas Ronald Palmer.
View institutional ownership trends.
How do I buy shares of Newmont?: Shares of NEM stock 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 $42.09.
How much money does Newmont make?: Newmont (NYSE:NEM) has a market capitalization of $33.45 billion and generates $11.57 billion in revenue each year. The basic materials company earns $-429,000,000.00 in net income (profit) each year or ($0.66) on an earnings per share basis.
How many employees does Newmont have?: The company employs 14,600 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.
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How can I contact Newmont?: Newmont's mailing address is 6363 SOUTH FIDDLER`S GREEN CIRCLE, GREENWOOD VILLAGE CO, 80111. The official website for the company is www.newmontgoldcorp.com. The basic materials company can be reached via phone at (303) 863-7414, via email at jessica.largent@newmont.com, or via fax at 303-837-5837.

This page (NYSE:NEM) was last updated on 6/4/2023 by MarketBeat.com Staff

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