S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
pixel
Log in
NYSE:NEM

Newmont Stock Forecast, Price & News

$56.74
+1.32 (+2.38 %)
(As of 03/5/2021 12:00 AM ET)
Add
Compare
Today's Range
$55.06
Now: $56.74
$57.00
50-Day Range
$54.38
MA: $58.95
$63.52
52-Week Range
$33.00
Now: $56.74
$72.22
Volume7.92 million shs
Average Volume6.93 million shs
Market Capitalization$45.41 billion
P/E Ratio17.84
Dividend Yield2.82%
Beta0.14
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 Denver, Colorado.
Newmont logo

Headlines

A Simple 3-Step Plan for 6% Dividends, 142% Gains
March 4, 2021 |  marketbeat.com
A Simple 3-Step Plan for 6% Dividends, 142% Gains
March 3, 2021 |  marketbeat.com
A Simple 3-Step Plan for 6% Dividends, 142% Gains
March 2, 2021 |  marketbeat.com
A Simple 3-Step Plan for 6% Dividends, 142% Gains
March 1, 2021 |  marketbeat.com
A Simple 3-Step Plan for 6% Dividends, 142% Gains
February 28, 2021 |  marketbeat.com
A Simple 3-Step Plan for 6% Dividends, 142% Gains
February 27, 2021 |  marketbeat.com
A Simple 3-Step Plan for 6% Dividends, 142% Gains
February 26, 2021 |  marketbeat.com
A Simple 3-Step Plan for 6% Dividends, 142% Gains
February 25, 2021 |  marketbeat.com
A Simple 3-Step Plan for 6% Dividends, 142% Gains
February 24, 2021 |  marketbeat.com
A Simple 3-Step Plan for 6% Dividends, 142% Gains
February 23, 2021 |  marketbeat.com
Newmont Flat on Q4 Earnings Beat
February 20, 2021 |  marketwatch.com
May 21st Options Now Available For Newmont (NEM)
February 20, 2021 |  nasdaq.com
See More Headlines

Industry, Sector and Symbol

Industry Gold & silver ores
Sub-IndustryGold
CUSIP65163910
Phone303-863-7414
Employees16,600
Year Founded1921

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.74 billion
Cash Flow$3.31 per share
Book Value$27.69 per share

Profitability

Net Income$2.81 billion

Miscellaneous

Market Cap$45.41 billion
Next Earnings Date5/4/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.64 out of 5 stars

Basic Materials Sector

4th out of 835 stocks

Gold & Silver Ores Industry

1st out of 77 stocks

Analyst Opinion: 4.4Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$56.74
+1.32 (+2.38 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive NEM News and Ratings via Email

Sign-up to receive the latest news and ratings for NEM and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Newmont (NYSE:NEM) Frequently Asked Questions

Is Newmont a buy right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Newmont stock.
View analyst ratings for Newmont
or view top-rated stocks.

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 past winning trading ideas 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 Tuesday, May 4th 2021.
View our earnings forecast for Newmont
.

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) posted its earnings results on Wednesday, February, 17th. The basic materials company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.11. Newmont had a trailing twelve-month return on equity of 7.37% and a net margin of 23.19%. During the same quarter in the previous year, the business posted $0.50 earnings per share.
View Newmont's earnings history
.

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 (WHO). Since then, NEM shares have increased by 23.3% and is now trading at $56.74.
View which stocks have been most impacted by COVID-19
.

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

Newmont announced a quarterly dividend on Wednesday, February 17th. Stockholders of record on Thursday, March 4th will be given a dividend of $0.55 per share on Thursday, March 18th. This represents a $2.20 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Wednesday, March 3rd. This is a positive change from Newmont's previous quarterly dividend of $0.40.
View Newmont's dividend history
.

Is Newmont a good dividend stock?

Newmont pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.82%. Newmont does not yet have a strock track record of dividend growth. The dividend payout ratio of Newmont is 121.21%. 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 38.55% next year. This indicates that Newmont will be able to sustain or increase its dividend.
View Newmont's dividend history.

How will Newmont's stock buyback program work?

Newmont announced that its Board of Directors has initiated a share buyback plan on Monday, December 2nd 2019, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for NEM?

14 brokerages have issued 12 month target prices for Newmont's stock. Their forecasts range from $57.00 to $97.00. On average, they anticipate Newmont's stock price to reach $72.46 in the next year. This suggests a possible upside of 27.7% 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. 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)
  • 2. According to Zacks Investment Research, "Newmont’s adjusted earnings for the fourth quarter beat the Zacks Consensus Estimate while sale missed. 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. However, higher production costs are likely to weigh on its margins. Newmont is witnessing higher cost applicable to sales (CAS) and all-in sustaining costs (AISC) partly related to the coronavirus pandemic. Declining production is another concern. Factors like coronavirus-related impacts across certain mines and the divestment of certain assets are impacting production. The recent weakness in gold prices is another concern. " (2/25/2021)

Who are Newmont's key executives?

Newmont's management team includes the following people:
  • Mr. Thomas Ronald Palmer, Pres, CEO & Director (Age 53, Pay $2.35M) (LinkedIn Profile)
  • Ms. Nancy K. Buese CPA, Exec. VP & CFO (Age 51, Pay $1.67M) (LinkedIn Profile)
  • Mr. Robert D. Atkinson, Exec. VP & COO (Age 52, Pay $1.58M) (LinkedIn Profile)
  • Mr. Randy Engel, Exec. VP of Strategic Devel. (Age 54, Pay $1.44M) (LinkedIn Profile)
  • Mr. Stephen P. Gottesfeld, Exec. VP and Chief Sustainability & External Affairs Officer (Age 53, Pay $1.17M) (LinkedIn Profile)
  • Mr. David W. McLaren, VP of Investments & Value Management (Age 61)
  • Mr. John W. Kitlen, VP, Controller & Chief Accounting Officer (Age 57)
  • Mr. Dean R. Gehring, Exec. VP & CTO (Age 52) (LinkedIn Profile)
  • Mr. Luis Maximo Canepari, VP & Chief Information Officer (LinkedIn Profile)
  • Ms. Nancy Lipson, Exec. VP & Gen. Counsel (Age 51) (LinkedIn Profile)

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?

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).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.65%), Van ECK Associates Corp (4.73%), FMR LLC (3.04%), Flossbach Von Storch AG (1.77%), Northern Trust Corp (1.39%) and Bank of New York Mellon Corp (0.96%). 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 institutional investors are selling Newmont stock?

NEM stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Renaissance Technologies LLC, CIBC Asset Management Inc, Voloridge Investment Management LLC, Assenagon Asset Management S.A., Cibc World Markets Corp, and Russell Investments Group Ltd.. 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
or view top insider-selling stocks.

Which institutional investors are buying Newmont stock?

NEM stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Van ECK Associates Corp, Morgan Stanley, Capital Wealth Planning LLC, SG Americas Securities LLC, Flossbach Von Storch AG, Brandywine Global Investment Management LLC, and DAVENPORT & Co 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 $56.74.

How much money does Newmont make?

Newmont has a market capitalization of $45.41 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.

How many employees does Newmont have?

Newmont employs 16,600 workers across the globe.

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 or via email at [email protected]


This page was last updated on 3/8/2021 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.