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NYSE:NEM

Newmont Stock Forecast, Price & News

$57.50
+0.63 (+1.11 %)
(As of 11/25/2020 02:11 PM ET)
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Compare
Today's Range
$57.32
Now: $57.50▼
$58.13
50-Day Range
$58.65
MA: $63.12▼
$68.14
52-Week Range
$33.00
Now: $57.50▼
$72.22
Volume599,533 shs
Average Volume8.12 million shs
Market Capitalization$46.18 billion
P/E Ratio18.08
Dividend Yield1.70%
Beta0.26
Newmont Corporation engages in the production and exploration of gold, copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2019, it had proven and probable gold reserves of 100.2 million ounces and land position of 68,300 square kilometers. The company has a strategic alliance agreement with Kirkland Lake Gold Ltd. to assess regional exploration opportunities around the company's Timmins properties and Kirkland's Holt Complex in Ontario, Canada. Newmont Corporation was founded in 1916 and is headquartered in Greenwood Village, Colorado.
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Newmont logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.44 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Gold & silver ores
Sub-IndustryGold
SectorBasic Materials
Current SymbolNYSE:NEM
Previous Symbol
CUSIP65163910
CIK1164727
Webwww.newmontgoldcorp.com
Phone303-863-7414
Employees16,600

Debt

Debt-to-Equity Ratio0.26
Current Ratio2.83
Quick Ratio2.47

Price-To-Earnings

Trailing P/E Ratio18.08
Forward P/E Ratio21.62
P/E GrowthN/A

Sales & Book Value

Annual Sales$9.74 billion
Price / Sales4.74
Cash Flow$3.20 per share
Price / Cash Flow17.95
Book Value$29.36 per share
Price / Book1.96

Profitability

EPS (Most Recent Fiscal Year)$1.32
Net Income$2.81 billion
Net Margins23.19%
Return on Equity7.37%
Return on Assets4.22%

Miscellaneous

Outstanding Shares803,070,000
Market Cap$46.18 billion
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$57.50
+0.63 (+1.11 %)
(As of 11/25/2020 02:11 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Newmont (NYSE:NEM) Frequently Asked Questions

How has Newmont's stock price been impacted by COVID-19 (Coronavirus)?

Newmont's stock was trading at $46.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NEM shares have increased by 24.8% and is now trading at $57.44.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Newmont?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Newmont.

What stocks does MarketBeat like better than Newmont?

Wall Street analysts have given Newmont a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Newmont wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Newmont's next earnings date?

Newmont is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Newmont.

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) announced its earnings results on Thursday, October, 29th. The basic materials company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.79 by $0.07. The basic materials company had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.24 billion. Newmont had a net margin of 23.19% and a return on equity of 7.37%. Newmont's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share.
View Newmont's earnings history.

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

Newmont declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Friday, December 11th will be paid a dividend of $0.40 per share on Monday, December 28th. This represents a $1.60 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, December 10th. This is a boost from Newmont's previous quarterly dividend of $0.25.
View Newmont's dividend history.

How will Newmont's stock buyback program work?

Newmont declared that its Board of Directors has approved a share repurchase program on Monday, December 2nd 2019, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

What price target have analysts set for NEM?

15 Wall Street analysts have issued 1 year target prices for Newmont's shares. Their forecasts range from $57.00 to $97.00. On average, they expect Newmont's stock price to reach $72.90 in the next year. This suggests a possible upside of 26.9% from the stock's current price.
View analysts' price targets for Newmont.

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 profits declined year over year in third-quarter 2020. Adjusted earnings beat the Zacks Consensus Estimate, while sales trailed the same. Newmont is making notable progress with its growth projects. The company is likely to gain from a number of projects including the Tanami expansion, Subika Underground and Ahafo mill expansion. Moreover, the merger with Goldcorp is expected to be value-accretive to its cash flow and generate significant synergies. Higher gold prices are expected to continue to support margins amid market volatility. Moreover, the company is making progress with efficiency improvement programs. Efforts to lower debt level also bode well. However, the company’s higher expected production cost is likely to weigh on margins in 2020. Lower expected demand and declining production are other concerns." (11/25/2020)
  • 2. Fundamental Research analysts commented, "Fundamental Research Corp has issued a report entitled “Senior Gold Producers– Q2 Earnings Update (NYSE: NEM, GOLD, AU) Higher realized prices more than offset production declines Fundamental Research” and dated August 13, 2020. The full report is now at www.researchfrc.com." (8/13/2020)

Are investors shorting Newmont?

Newmont saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 7,990,000 shares, a decrease of 17.0% from the October 15th total of 9,630,000 shares. Based on an average trading volume of 5,960,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.0% of the company's shares are sold short.
View Newmont's Short Interest.

Who are some of Newmont's key competitors?

Some companies that are related to Newmont include Royal Gold (RGLD), NovaGold Resources Inc. (NG.TO) (NG), Gold Resource (GORO), Trevali Mining Co. (TV.TO) (TV) and Vista Gold (VGZ).
View all 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 The Walt Disney (DIS).

Who are Newmont's key executives?

Newmont's management team includes the following people:
  • Mr. Thomas Ronald Palmer, Pres, CEO & Director (Age 52, Pay $2.35M)
  • Ms. Nancy K. Buese CPA, Exec. VP & CFO (Age 50, Pay $1.67M)
  • Mr. Robert D. Atkinson, Exec. VP & COO (Age 51, Pay $1.58M)
  • Mr. Randy Engel, Exec. VP of Strategic Devel. (Age 53, Pay $1.44M)
  • Mr. Stephen P. Gottesfeld, Exec. VP and Chief Sustainability & External Affairs Officer (Age 52, Pay $1.17M)
  • Mr. David W. McLaren, VP of Investments & Value Management (Age 60)
  • Mr. John W. Kitlen, VP, Controller & Chief Accounting Officer (Age 56)
  • Mr. Dean R. Gehring, Exec. VP & CTO (Age 51)
  • Mr. Luis Maximo Canepari, VP & Chief Information Officer
  • Ms. Jessica Largent, VP of Investor Relations

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.12%), State Street Corp (4.49%), California Public Employees Retirement System (0.83%), Swiss National Bank (0.68%), Nuveen Asset Management LLC (0.67%) and UBS Asset Management Americas Inc. (0.62%). Company insiders that own Newmont stock include Dean Gehring, E Randall Engel, Elaine J Dorward-King, Gary J Goldberg, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Robert D Atkinson, Scott P Lawson, Stephen P Gottesfeld, Thomas Ronald Palmer and William N Macgowan.
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 Arrowstreet Capital Limited Partnership, First Trust Advisors LP, State Street Corp, Swiss National Bank, MUFG Securities EMEA plc, Connor Clark & Lunn Investment Management Ltd., ExodusPoint Capital Management LP, and Hexavest Inc.. Company insiders that have sold Newmont company stock in the last year include Dean Gehring, E Randall Engel, Jennifer Cmil, John Kitlen, Nancy Buese, Robert D Atkinson, Stephen P Gottesfeld, and Thomas Ronald Palmer.
View insider buying and selling activity for Newmont.

Which major investors are buying Newmont stock?

NEM stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Ninety One UK Ltd, Allianz Asset Management GmbH, Cibc World Markets Corp, Assenagon Asset Management S.A., Bowen Hanes & Co. Inc., Alleghany Corp DE, and CIBC Asset Management Inc.
View insider buying and selling activity for Newmont.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Newmont's stock price today?

One share of NEM stock can currently be purchased for approximately $57.44.

How big of a company is Newmont?

Newmont has a market capitalization of $46.13 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 employs 16,600 workers across the globe.

What is Newmont's official website?

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

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 or via email at [email protected]

This page was last updated on 11/25/2020 by MarketBeat.com Staff
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