Newmont Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Newmont stock.
View analyst ratings for Newmont or view top-rated stocks.

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.
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Newmont saw a increase in short interest in March. As of March 31st, there was short interest totaling 11,270,000 shares, an increase of 33.4% from the March 15th total of 8,450,000 shares. Based on an average daily volume of 7,150,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.4% of the shares of the stock are short sold.
View Newmont's Short Interest.

Newmont is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Newmont.

Newmont will be holding an earnings conference call on Thursday, April 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Newmont'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 33.6% and is now trading at $61.46.
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Newmont announced a quarterly dividend on Wednesday, February 17th. Shareholders 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 yield of 3.58%. The ex-dividend date is Wednesday, March 3rd. This is a positive change from Newmont's previous quarterly dividend of $0.40.
View Newmont's dividend history.

Newmont pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.58%. Newmont does not yet have a strock track record of dividend growth. The dividend payout ratio of Newmont is 166.67%. 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 53.01% next year. This indicates that Newmont will be able to sustain or increase its dividend.
View Newmont's dividend history.

Newmont declared that its board has authorized a share buyback program on Monday, December 2nd 2019, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

13 brokerages have issued twelve-month target prices for Newmont's stock. Their forecasts range from $57.00 to $97.00. On average, they expect Newmont's stock price to reach $72.91 in the next year. This suggests a possible upside of 18.6% from the stock's current price.
View analysts' price targets for Newmont or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Newmont include Royal Gold (RGLD), NovaGold Resources (NG), Gold Resource (GORO), Trevali Mining (TV) and Vista Gold (VGZ).
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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).

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

Newmont's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Foundation Resource Management Inc. (0.08%), Stack Financial Management Inc (0.03%), State of Alaska Department of Revenue (0.03%), Hexavest Inc. (0.03%), Pacer Advisors Inc. (0.02%) and Bronte Capital Management Pty Ltd. (0.02%). 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.

NEM stock was sold by a variety of institutional investors in the last quarter, including Bronte Capital Management Pty Ltd., Stack Financial Management Inc, State of Alaska Department of Revenue, Hexavest Inc., NuWave Investment Management LLC, F&V Capital Management LLC, Private Capital Group LLC, and Valeo Financial Advisors LLC. 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.

NEM stock was bought by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Adams Asset Advisors LLC, Everence Capital Management Inc., Livingston Group Asset Management CO operating as Southport Capital Management , Fulton Breakefield Broenniman LLC, Hohimer Wealth Management LLC, BTR Capital Management Inc., and Neville Rodie & Shaw Inc..
View insider buying and selling activity for Newmont or or view top insider-buying stocks.

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.
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One share of NEM stock can currently be purchased for approximately $61.46.

Newmont has a market capitalization of $49.19 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 14,300 workers across the globe.

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.

Newmont was founded in 1921.

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

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

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]