NYSE:NEM

Newmont - NEM Stock Forecast, Price & News

$41.25

-1.25 (-2.94%)

(As of 09/23/2022 12:00 AM ET)

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Today's Range: $40.50
▼
$41.62
50-Day Range: $40.91
▼
$54.81
52-Week Range: $40.27
▼
$86.37

Volume: 11.67 million shs
Average Volume: 9.85 million shs
Market Capitalization: $32.74 billion

P/E Ratio: 41.67
Dividend Yield: 5.33%
Price Target: $67.24

Newmont MarketRank™ Forecast

Analyst Rating: Hold
2.41 Rating Score
Upside/Downside: 63.0% Upside
$67.24 Price Target
Short Interest: Healthy
1.48% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -6.71
Upright™ Environmental Score
News Sentiment: -0.14
Based on 10 Articles This Week
Insider Trading: Selling Shares
$2.08 M Sold Last Quarter
Proj. Earnings Growth: 3.44%
From $2.62 to $2.71 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Basic Materials Sector

61st out of 170 stocks

Gold & Silver Ores Industry

10th out of 35 stocks

4.2

Analyst's Opinion

Consensus Rating
Newmont has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $67.24, Newmont has a forecasted upside of 63.0% from its current price of $41.25.
Amount of Analyst Coverage
Newmont has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.48% of the float of Newmont has been sold short.
Short Interest Ratio / Days to Cover
Newmont has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Newmont has recently decreased by 0.42%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
Newmont is a leading dividend payer. It pays a dividend yield of 5.33%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Newmont has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Newmont is 222.22%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Newmont will have a dividend payout ratio of 81.18% in the coming year. This indicates that Newmont may not be able to sustain their current dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Newmont has received a -117.96% net impact score from Upright. The largest negative impact of Newmont Mining in category "GHG emissions" seems to be driven mostly by its "Construction of mine infrastructure", "Copper", and "Mining process engineering" products. See details.
Environmental Sustainability
The Environmental Impact score for Newmont is -6.71.

1.0

News and Social Media Coverage

News Sentiment
Newmont has a news sentiment score of -0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.28 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Newmont this week, compared to 6 articles on an average week.
Search Interest
Only 52 people have searched for NEM on MarketBeat in the last 30 days. This is a decrease of -32% compared to the previous 30 days.
MarketBeat Follows
Only 24 people have added Newmont to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

2.5

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 $2,081,920.00 in company stock.
Percentage Held by Insiders
Only 0.11% of the stock of Newmont is held by insiders.
Percentage Held by Institutions
81.11% of the stock of Newmont is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Newmont are expected to grow by 3.44% in the coming year, from $2.62 to $2.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Newmont is 41.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Newmont is 41.67, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 80.37.
Price to Book Value per Share Ratio
Newmont has a P/B Ratio of 1.51. 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

About Newmont (NYSE:NEM) Stock

Newmont Corporation engages in the production and exploration of gold. It also explores for 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, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.

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NEM Stock News Headlines

September 24, 2022 | seekingalpha.com

Glencore to buy Newmont's stake in Argentina project in $155M deal (NYSE:NEM) - Seeking Alpha

September 23, 2022 | globenewswire.com

Glencore to Acquire Newmont's 18.75% Shareholding in the - GlobeNewswire

September 21, 2022 | finance.yahoo.com

Newmont Corporation (NEM) Stock Moves -0.93%: What You Should Know

September 21, 2022 | americanbankingnews.com

Raymond James Research Analysts Decrease Earnings Estimates for Newmont Co. (NYSE:NEM)

September 18, 2022 | americanbankingnews.com

Brokerages Set Newmont Co. (NYSE:NEM) Price Target at $65.81

September 17, 2022 | americanbankingnews.com

Newmont (NYSE:NEM) Given New $57.00 Price Target at Barclays

September 16, 2022 | barrons.com

Newmont Is a Hedge Against Uncertainty With a 5% Dividend Yield - Barron's

September 15, 2022 | benzinga.com

TSX Venture Exchange Stock Maintenance Bulletins - Fury Gold Mines (AMEX:FURY), Newmont (NYSE:NEM) - Benzinga

September 15, 2022 | reuters.com

Newmont delays investment decision on Peru mine to 2024 - Reuters

September 15, 2022 | finance.yahoo.com

The past year for Newmont (NYSE:NEM) investors has not been profitable

September 14, 2022 | au.finance.yahoo.com

Cal-Maine Foods and Newmont have been highlighted as Zacks Bull and Bear of the Day - Yahoo Finance Australia

September 9, 2022 | nasdaq.com

Notable Wednesday Option Activity: NEM, PINS, SI

September 9, 2022 | msn.com

2NEM : Newmont Whale Trades For September 07

September 6, 2022 | benzinga.com

Agnico-Eagle Mines Limited (AEM), Newmont Mining Corp. (NEM) – Orosur Mining Inc Announces Colombia updat - Benzinga

September 4, 2022 | finance.yahoo.com

First Eagle Investments: “We Remain Constructive on Newmont (NEM)”

September 1, 2022 | benzinga.com

Newmont Mining Corp. (NEM) – What Are Whales Doing With Newmont - Benzinga

August 30, 2022 | msn.com

Looking At Newmont's Recent Whale Trades

August 26, 2022 | apnews.com

Dell, Marvell fall; Workday, Farfetch rise - The Associated Press - en Español

August 26, 2022 | nasdaq.com

7 Stocks for Investors Over 30 to Buy and Hold - Nasdaq

August 26, 2022 | fool.com

Mine for Value and Yield With Newmont Stock - The Motley Fool

August 26, 2022 | nasdaq.com

Why Is Newmont (NEM) Down 3.5% Since Last Earnings Report? - Nasdaq

August 25, 2022 | benzinga.com

Newmont Whale Trades For August 25 - Benzinga

August 25, 2022 | seekingalpha.com

Newmont Stock: Too Much Pessimism Baked In - Buy This Bottom Aggressively (NYSE:NEM) - Seeking Alpha

August 24, 2022 | investorplace.com

7 Stocks for Investors Over 30 to Buy and Hold - InvestorPlace

August 24, 2022 | finance.yahoo.com

Why Is Newmont (NEM) Down 3.5% Since Last Earnings Report?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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NEM Company Calendar

Last Earnings: 7/25/2022
Ex-Dividend for 9/22 Dividend: 9/07/2022
Dividend Payable: 9/22/2022
Today: 9/25/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Gold & silver ores
Sub-Industry: Gold
Sector: Basic Materials
Current Symbol: NYSE:NEM
CUSIP: 65163910
CIK: 1164727
Web: www.newmontgoldcorp.com
Phone: (303) 863-7414
Fax: 303-837-5837
Employees: 14,400
Year Founded: 1921

Price Target and Rating

Average Stock Price Forecast: $67.24
High Stock Price Forecast: $115.00
Low Stock Price Forecast: $50.00
Forecasted Upside/Downside: +63.0%
Consensus Rating: Hold
Rating Score (0-4): 2.41
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.99
Trailing P/E Ratio: 41.67
Forward P/E Ratio: 15.74
P/E Growth: N/A
Net Income: $1.17 billion
Net Margins: 6.40%
Pretax Margin: 3.70%
Return on Equity: 9.13%
Return on Assets: 5.04%

Debt

Debt-to-Equity Ratio: 0.28
Current Ratio: 2.82
Quick Ratio: 2.44

Sales & Book Value

Annual Sales: $12.22 billion
Price / Sales: 2.68
Cash Flow: $5.88 per share
Price / Cash Flow: 7.01
Book Value: $27.35 per share
Price / Book: 1.51

Miscellaneous

Outstanding Shares: 793,680,000
Free Float: 792,807,000
Market Cap: $32.74 billion
Optionable: Optionable
Beta: 0.29

Social Links

Key Executives

Mr. Thomas Ronald Palmer (Age 54)
Pres, CEO & Director
Comp: $3.49M

Ms. Nancy K. Buese CPA (Age 52)
Exec. VP & CFO
Comp: $1.59M

Mr. Robert D. Atkinson (Age 51)
Exec. VP & COO
Comp: $1.74M

Ms. Nancy Lipson (Age 51)
Exec. VP & Gen. Counsel
Comp: $1.13M

Mr. Brian C. Tabolt (Age 41)
VP, Controller & Chief Accounting Officer

Mr. Dean R. Gehring (Age 53)
Exec. VP & CTO

Mr. Luis Maximo Canepari
Sr. VP & Chief Information Officer

Mr. Scott E. Sullivan
Chief Integrity & Compliance Officer

Ms. Jennifer Cmil (Age 51)
Exec. VP of HR

Mr. Ramsey Musa
Sr. VP of Supply Chain

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NEM Stock - Frequently Asked Questions

Should I buy or sell Newmont stock right now?: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There are currently 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NEM shares. 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 NEM analyst ratings or view top-rated stocks.
What is Newmont's stock price forecast for 2022?: 16 analysts have issued 12 month target prices for Newmont's stock. Their NEM share price forecasts range from $50.00 to $115.00. On average, they anticipate the company's stock price to reach $67.24 in the next twelve months. This suggests a possible upside of 63.0% from the stock's current price.
View analysts price targets for NEM or view top-rated stocks among Wall Street analysts.
How have NEM shares performed in 2022?: Newmont's stock was trading at $62.02 at the beginning of the year. Since then, NEM shares have decreased by 33.5% and is now trading at $41.25.
View the best growth stocks for 2022 here.
When is Newmont's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our NEM earnings forecast.
How were Newmont's earnings last quarter?: Newmont Co. (NYSE:NEM) announced its quarterly earnings results on Monday, July, 25th. The basic materials company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by $0.14. The basic materials company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.04 billion. Newmont had a trailing twelve-month return on equity of 9.13% and a net margin of 6.40%. Newmont's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 EPS.
How often does Newmont pay dividends? What is the dividend yield for Newmont?: Newmont declared a quarterly dividend on Friday, July 22nd. Stockholders of record on Thursday, September 8th will be given a dividend of $0.55 per share on Thursday, September 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Wednesday, September 7th.
Read our dividend analysis for NEM.
Is Newmont a good dividend stock?: Newmont (NYSE:NEM) pays an annual dividend of $2.20 per share and currently has a dividend yield of 5.33%. NEM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 222.22%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NEM will have a dividend payout ratio of 81.18% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NEM.
What is Tom Palmer's approval rating as Newmont's CEO?: 15 employees have rated Newmont Chief Executive Officer Tom Palmer on Glassdoor.com. Tom Palmer has an approval rating of 97% among the company's employees. This puts Tom Palmer in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 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 a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (5.10%), GQG Partners LLC (4.38%), Van ECK Associates Corp (4.14%), FMR LLC (3.38%), Deutsche Bank AG (1.94%) and Northern Trust Corp (1.34%). Insiders that own company stock include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Jeffrey A Graves, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Nello Mainolfi, Robert D Atkinson, Stephen P Gottesfeld and Thomas Ronald Palmer.
View institutional ownership trends.
How do I buy shares of Newmont?: Shares of NEM stock 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 $41.25.
How much money does Newmont make?: Newmont (NYSE:NEM) has a market capitalization of $32.74 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 $0.99 on an earnings per share basis.
How many employees does Newmont have?: The company employs 14,400 workers across the globe.
Does Newmont have any subsidiaries?: 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.
Read More
How can I contact Newmont?: Newmont's mailing address is 6363 SOUTH FIDDLER`S GREEN CIRCLE, GREENWOOD VILLAGE CO, 80111. The official website for the company is www.newmontgoldcorp.com. The basic materials company can be reached via phone at (303) 863-7414, via email at jessica.largent@newmont.com, or via fax at 303-837-5837.

This page (NYSE:NEM) was last updated on 9/25/2022 by MarketBeat.com Staff

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Newmont - NEM Stock Forecast, Price & News

Newmont MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows