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NYSE:NEM

Newmont - NEM Stock Forecast, Price & News

$47.39
-2.46 (-4.93%)
(As of 02/6/2023 01:19 PM ET)
Add
Compare
Today's Range
$46.97
▼
$48.04
50-Day Range
$44.32
▼
$55.09
52-Week Range
$37.45
▼
$86.37
Volume
8.60 million shs
Average Volume
6.80 million shs
Market Capitalization
$37.62 billion
P/E Ratio
37.61
Dividend Yield
4.41%
Price Target
$63.53

Newmont MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
33.1% Upside
$63.53 Price Target
Short Interest
Healthy
1.65% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.71
Upright™ Environmental Score
News Sentiment
0.34mentions of Newmont in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.35 M Sold Last Quarter
Proj. Earnings Growth
37.91%
From $1.82 to $2.51 Per Share

Overall MarketRank™

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

2.61 out of 5 stars

Basic Materials Sector

26th out of 158 stocks

Gold & Silver Ores Industry

7th out of 32 stocks

See Top Rated MarketRank™ Stocks Here
NEM stock logo

About Newmont (NYSE:NEM) Stock

Newmont Corp. is a gold producer, engages in the exploration and acquisition of gold properties, contains copper, silver, lead, zinc or other metals. It operates through the following geographical segments: North America, South America, Nevada, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States. The South America segment composed of Yanacocha in Peru, Merian in Suriname and Cerro Negro. The Australia segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Africa segment composed of Ahafo and Akyem in Ghana. The company was founded by William Boyce Thompson on May 2, 1921, and is headquartered in Denver, CO.

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NEM Stock News Headlines

January 30, 2023 | marketbeat.com
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now (NEM)
Gold stocks are among the leaders in recent months. Rather than being correlated with the equity market, they show inverse performance relative to the dollar.
February 6, 2023 | investorplace.com
NEM Stock Alert: What to Know as Newmont Offers to Buy Newcrest Mining
February 6, 2023 | Investing Trends (Ad)
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
February 2, 2023 | americanbankingnews.com
Newmont (NYSE:NEM) PT Raised to $61.00 at Raymond James
January 30, 2023 | americanbankingnews.com
Newmont (NYSE:NEM) Price Target Increased to $57.00 by Analysts at Barclays
January 23, 2023 | finance.yahoo.com
Newmont Corporation (NYSE:NEM) is largely controlled by institutional shareholders who own 81% of the company
January 12, 2023 | finance.yahoo.com
A Winning Streak for Gold Could Help Miners’ Stocks. 2 to Consider.
January 6, 2023 | finance.yahoo.com
Do Its Financials Have Any Role To Play In Driving Newmont Corporation's (NYSE:NEM) Stock Up Recently?
February 6, 2023 | Wall Street Watch Dogs (Ad)
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
January 5, 2023 | finance.yahoo.com
Newmont Corporation (NEM) Stock Moves -0.58%: What You Should Know
January 4, 2023 | finance.yahoo.com
As Gold Prices Increase, Newmont Is Starting to Attract Interest
January 2, 2023 | thestreet.com
Newmont Mining (NEM) Stock Declines Today as Gold Prices Dip
December 20, 2022 | finance.yahoo.com
Is There An Opportunity With Newmont Corporation's (NYSE:NEM) 45% Undervaluation?
December 13, 2022 | finance.yahoo.com
Newmont Ranked Top Miner in 2022 Dow Jones Sustainability World Index
December 3, 2022 | finance.yahoo.com
Do These 3 Checks Before Buying Newmont Corporation (NYSE:NEM) For Its Upcoming Dividend
December 1, 2022 | finance.yahoo.com
Why Is Newmont (NEM) Up 20.1% Since Last Earnings Report?
November 18, 2022 | finance.yahoo.com
Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
November 7, 2022 | finance.yahoo.com
Newmont Corporation (NEM) Is a Trending Stock: Facts to Know Before Betting on It
November 3, 2022 | reuters.com
Newmont CEO sees inflation pressure easing into the fourth quarter
November 3, 2022 | barrons.com
Newmont’s Profit Falls Short as Gold Price Weakens
November 3, 2022 | seekingalpha.com
Newmont: Weaker Margin Outlook Mostly Priced In
October 30, 2022 | finance.yahoo.com
Newmont (NYSE:NEM) Has Announced A Dividend Of $0.55
October 24, 2022 | finance.yahoo.com
Investors Heavily Search Newmont Corporation (NEM): Here is What You Need to Know
October 19, 2022 | reuters.com
Baker Hughes taps Newmont's Nancy Buese as CFO - Reuters
October 13, 2022 | finance.yahoo.com
Awalé Commences IP Geophysics Surveys at the Sceptre and Charger Targets - Yahoo Finance
October 13, 2022 | finance.yahoo.com
Here is What to Know Beyond Why Newmont Corporation (NEM) is a Trending Stock
October 7, 2022 | nasdaq.com
This 1 Basic Materials Stock Could Beat Earnings: Why It Should Be on Your Radar - Nasdaq
See More Headlines
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NEM Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 12/29 Dividend
12/07/2022
Dividend Payable
12/29/2022
Today
2/06/2023
Next Earnings (Confirmed)
2/23/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
$63.53
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+34.1%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.26
Trailing P/E Ratio
37.61
Forward P/E Ratio
26.04
P/E Growth
N/A
Net Income
$1.17 billion
Net Margins
8.28%
Pretax Margin
6.82%
Return on Equity
8.07%
Return on Assets
4.38%

Debt

Debt-to-Equity Ratio
0.28
Current Ratio
2.72
Quick Ratio
2.29

Sales & Book Value

Annual Sales
$12.22 billion
Price / Sales
3.08
Cash Flow
$5.60 per share
Price / Cash Flow
8.47
Book Value
$27.35 per share
Price / Book
1.73

Miscellaneous

Outstanding Shares
793,740,000
Free Float
792,866,000
Market Cap
$37.62 billion
Optionable
Optionable
Beta
0.29

Social Links


Key Executives

  • Thomas R. Palmer
    President, Chief Executive Officer & Director
  • Rob Atkinson
    Chief Operating Officer & Executive Vice President
  • Brian C. Tabolt
    Chief Financial Officer & Executive Vice President
  • Luis Canepari
    Chief Information Officer & Senior Vice President
  • Aaron Puna
    Chief Technology Officer & Executive VP

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?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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 2023?

13 brokers have issued 1 year price objectives for Newmont's stock. Their NEM share price forecasts range from $47.00 to $115.00. On average, they predict the company's stock price to reach $63.53 in the next twelve months. This suggests a possible upside of 32.6% 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 2023?

Newmont's stock was trading at $47.20 at the start of the year. Since then, NEM shares have increased by 1.5% and is now trading at $47.90.
View the best growth stocks for 2023 here.

When is Newmont's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our NEM earnings forecast.

How can I listen to Newmont's earnings call?

Newmont will be holding an earnings conference call on Thursday, February 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "661698".

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) posted its quarterly earnings data on Thursday, October, 28th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.28. The basic materials company earned $2.90 billion during the quarter, compared to analyst estimates of $3.12 billion. Newmont had a net margin of 8.28% and a trailing twelve-month return on equity of 8.07%. The firm's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS.

How often does Newmont pay dividends? What is the dividend yield for Newmont?

Newmont announced a quarterly dividend on Thursday, October 27th. Shareholders of record on Thursday, December 8th will be paid a dividend of $0.55 per share on Thursday, December 29th. This represents a $2.20 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Wednesday, December 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 4.41%. NEM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 174.60%. 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 87.65% 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 Sumitomo Mitsui Trust Holdings Inc. (0.38%), RWC Asset Management LLP (0.25%), National Bank of Canada FI (0.20%), New York State Common Retirement Fund (0.17%), Assenagon Asset Management S.A. (0.15%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Blake Rhodes, David W Ruttenberg, Dean Gehring, E Randall Engel, Jeffrey A Graves, Jennifer Cmil, John Kitlen, Mark Casper, 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 $47.90.

How much money does Newmont make?

Newmont (NYSE:NEM) has a market capitalization of $38.02 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 $1.26 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 2/6/2023 by MarketBeat.com Staff