Newmont Stock Forecast, Price & News

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.

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Newmont is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Newmont.

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.

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.
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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.

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.

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.

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.

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 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.

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.

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.

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 $56.74.

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.

Newmont employs 16,600 workers across the globe.

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]