Newmont Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 14 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Newmont stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEM, but not buy additional shares or sell existing shares.
View analyst ratings for Newmont or view top-rated stocks.

16 Wall Street research analysts have issued 1-year price objectives for Newmont's stock. Their NEM stock forecasts range from $57.00 to $115.00. On average, they predict Newmont's share price to reach $76.32 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
View analysts' price targets for Newmont or view top-rated stocks among Wall Street analysts.

Newmont's stock was trading at $62.02 at the beginning of the year. Since then, NEM stock has increased by 0.0% and is now trading at $62.05.
View the best growth stocks for 2022 here.

Newmont saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,740,000 shares, an increase of 24.1% from the April 30th total of 7,850,000 shares. Based on an average daily trading volume, of 8,010,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.2% of the company's shares are short sold.
View Newmont's Short Interest.

Newmont is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Newmont.

Newmont Co. (NYSE:NEM) released its quarterly earnings results on Friday, April, 22nd. The basic materials company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.02. The basic materials company earned $3.02 billion during the quarter, compared to analysts' expectations of $3.06 billion. Newmont had a trailing twelve-month return on equity of 10.24% and a net margin of 8.53%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS.
View Newmont's earnings history.

Newmont announced a quarterly dividend on Thursday, April 21st. Shareholders of record on Thursday, June 2nd will be paid a dividend of $0.55 per share on Thursday, June 16th. This represents a $2.20 annualized dividend and a yield of 3.55%. The ex-dividend date is Wednesday, June 1st.
View Newmont's dividend history.

Newmont(NYSE:NEM) pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.45%. Newmont has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Newmont is 167.94%. 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 66.87% next year. This indicates that Newmont will be able to sustain or increase its dividend.
View Newmont's dividend history.

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), Vista Gold (VGZ) and Trevali Mining (TV).
View all of NEM's competitors.

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).

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

Newmont's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.63%), Vanguard Group Inc. (8.43%), State Street Corp (5.12%), Van ECK Associates Corp (4.30%), GQG Partners LLC (4.04%) and First Eagle Investment Management LLC (2.21%). Company insiders that own Newmont stock include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Gary J Goldberg, Jeffrey A Graves, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Nello Mainolfi, 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 Van ECK Associates Corp, Boston Partners, First Trust Advisors LP, Flossbach Von Storch AG, Capital Wealth Planning LLC, Canada Pension Plan Investment Board, Ninety One UK Ltd, and LGT Capital Partners LTD.. Company insiders that have sold Newmont company stock in the last two years include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Nello Mainolfi, 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 acquired by a variety of institutional investors in the last quarter, including GQG Partners LLC, Caisse DE Depot ET Placement DU Quebec, Capital World Investors, Bank of New York Mellon Corp, Vanguard Group Inc., Carmignac Gestion, Charles Schwab Investment Management Inc., and Lord Abbett & CO. LLC.
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.
Compare Top Brokerages Here.

One share of NEM stock can currently be purchased for approximately $62.05.

Newmont (NYSE:NEM) has a market capitalization of $49.25 billion and generates $12.22 billion in revenue each year. The basic materials company earns $1.17 billion in net income (profit) each year or $1.309990 on an earnings per share basis.

Newmont employs 14,400 workers across the globe.

Newmont was founded in 1921.

Newmont's mailing address is 6363 SOUTH FIDDLER`S GREEN CIRCLE, GREENWOOD VILLAGE CO, 80111. The official website for Newmont is www.newmontgoldcorp.com. The basic materials company can be reached via phone at (303) 863-7414, via email at [email protected], or via fax at 303-837-5837.