NYSE:NEM

Newmont Stock Forecast, Price & News

$62.31

-1.21 (-1.90 %)

(As of 01/21/2021 12:00 AM ET)

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Today's Range

$62.11

Now: $62.31▼

$63.88

50-Day Range

$57.56

MA: $60.96▼

$65.24

52-Week Range

$33.00

Now: $62.31▼

$72.22

Volume5.08 million shs

Average Volume6.39 million shs

Market Capitalization$50.06 billion

P/E Ratio19.59

Dividend Yield2.52%

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 Greenwood Village, Colorado.

MarketRank^™

Overall MarketRank^™

2.25 out of 5 stars

Basic Materials Sector

18th out of 813 stocks

Gold & Silver Ores Industry

8th out of 77 stocks

2.4 Analyst's Opinion

Consensus Rating
Newmont has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 11 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $72.97, Newmont has a forecasted upside of 17.1% from its current price of $62.31.
Amount of Analyst Coverage
Newmont has only been the subject of 3 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Newmont has received 840 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Newmont has received 907 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Newmont has received 51.92% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Newmont and other stocks. Vote “Outperform” if you believe NEM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NEM will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Newmont pays a meaningful dividend of 2.52%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Newmont does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Newmont is 121.21%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
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.

1.7 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 $2,796,264.00 in company stock.
Percentage Held by Insiders
Only 0.28% of the stock of Newmont is held by insiders.
Percentage Held by Institutions
79.18% of the stock of Newmont is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Newmont are expected to grow by 62.11% in the coming year, from $2.56 to $4.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Newmont is 19.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Newmont is 19.59, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 24.32.
Price to Book Value per Share Ratio
Newmont has a P/B Ratio of 2.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 Ratio19.59

Forward P/E Ratio24.34

P/E GrowthN/A

Sales & Book Value

Annual Sales$9.74 billion

Price / Sales5.14

Cash Flow$3.64 per share

Price / Cash Flow17.12

Book Value$27.69 per share

Price / Book2.25

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 Shares803,360,000

Market Cap$50.06 billion

Next Earnings Date2/18/2021 (Estimated)

OptionableOptionable

$62.31

-1.21 (-1.90 %)

(As of 01/21/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Newmont (NYSE:NEM) Frequently Asked Questions

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 35.4% and is now trading at $62.31.
View which stocks have been most impacted by COVID-19.

Is Newmont a buy right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Newmont stock.
View analyst ratings for Newmont or view MarketBeat's top 5 stock picks.

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.

What is Larry J. Merlo's approval rating as Newmont's CEO?

6,978 employees have rated Newmont CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Newmont's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The basic materials company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.24 billion. Newmont had a net margin of 23.19% and a return on equity of 7.37%. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the business 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 announced a quarterly dividend on Wednesday, October 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, December 10th. This is a positive change from Newmont's previous quarterly dividend of $0.25.
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 2.52%. 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 declared that its board has approved a stock 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 repurchase up to 3.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

What price target have analysts set for NEM?

15 analysts have issued 12-month 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 $72.97 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
View analysts' price targets for Newmont or view Wall Street analyst' top-rated stocks.

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)

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), Trevali Mining Co. (TV.TO) (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 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. Nancy Lipson, Exec. VP & Gen. Counsel (Age 50)

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 retail and institutional investors. Top institutional investors include LGT Capital Partners LTD. (0.17%), DAVENPORT & Co LLC (0.10%), Stack Financial Management Inc (0.05%), State of Alaska Department of Revenue (0.04%), Hexavest Inc. (0.03%) and Pendal Group Limited (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.

Which major investors are selling Newmont stock?

NEM stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Crossmark Global Holdings Inc., State of Alaska Department of Revenue, TrimTabs Asset Management LLC, Diversified Trust Co, OLD National Bancorp IN, Marketfield Asset Management LLC, and Deltec Asset Management 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.

Which major investors are buying Newmont stock?

NEM stock was acquired by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, LGT Capital Partners LTD., Granite Investment Advisors LLC, Stolper Co, Pacer Advisors Inc., Strategic Investment Advisors MI, IFM Investors Pty Ltd, and DNB Asset Management AS.
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.

What is Newmont's stock price today?

One share of NEM stock can currently be purchased for approximately $62.31.

How big of a company is Newmont?

Newmont has a market capitalization of $50.06 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 1/22/2021 by MarketBeat.com Staff

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