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NYSE:NEM

Newmont - NEM Stock Forecast, Price & News

$47.04
-0.08 (-0.17%)
(As of 12/9/2022 02:58 PM ET)
Add
Compare
Today's Range
$46.98
▼
$47.90
50-Day Range
$37.79
▼
$48.67
52-Week Range
$37.45
▼
$86.37
Volume
282,731 shs
Average Volume
6.97 million shs
Market Capitalization
$37.34 billion
P/E Ratio
37.33
Dividend Yield
4.66%
Price Target
$63.56

Newmont MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
34.9% Upside
$63.56 Price Target
Short Interest
Healthy
1.87% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.71
Upright™ Environmental Score
News Sentiment
-0.01mentions of Newmont in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.08 M Sold Last Quarter
Proj. Earnings Growth
25.68%
From $1.83 to $2.30 Per Share

Overall MarketRank™

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

2.88 out of 5 stars

Basic Materials Sector

9th out of 163 stocks

Gold & Silver Ores Industry

1st out of 36 stocks

See Top Rated MarketRank™ Stocks Here
NEM stock logo

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

November 18, 2022 | marketbeat.com
MarketBeat: Week in Review 11/14 – 11/18 (NEM)
This week, investors digested negative news from the retail sector and the Fed and next week's abbreviated trading week won't bring much new news.
November 16, 2022 | marketbeat.com
Gold Rush: Newmont Corp. is Starting to Sparkle
When economic uncertainty and stock market volatility rise, gold producers like Newmont Corporation often become a popular safe haven play.
December 8, 2022 | americanbankingnews.com
Insider Selling: Newmont Co. (NYSE:NEM) CEO Sells 11,000 Shares of Stock
December 4, 2022 | americanbankingnews.com
FY2022 EPS Estimates for Newmont Co. (NYSE:NEM) Lowered by Analyst
December 3, 2022 | finance.yahoo.com
Do These 3 Checks Before Buying Newmont Corporation (NYSE:NEM) For Its Upcoming Dividend
December 2, 2022 | americanbankingnews.com
Brokerages Set Newmont Co. (NYSE:NEM) Target Price at $63.33
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
September 30, 2022 | nasdaq.com
Newmont Corporation (NEM) Stock Moves -1.02%: What You Should Know - Nasdaq
September 29, 2022 | finance.yahoo.com
Newmont Corporation (NEM) Stock Moves -1.02%: What You Should Know
September 29, 2022 | benzinga.com
Peering Into Newmont's Recent Short Interest - Newmont (NYSE:NEM) - Benzinga
September 29, 2022 | reuters.com
Newmont's finance chief Nancy Buese to step down
September 27, 2022 | nasdaq.com
Newmont Corp Shares Near 52-Week Low - Market Mover - Nasdaq
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
See More Headlines
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NEM Company Calendar

Ex-Dividend for 9/22 Dividend
9/07/2022
Dividend Payable
9/22/2022
Last Earnings
11/01/2022
Ex-Dividend for 12/29 Dividend
12/07/2022
Today
12/09/2022
Dividend Payable
12/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023
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
$63.56
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+35.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.26
Trailing P/E Ratio
37.33
Forward P/E Ratio
25.70
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
3.05
Cash Flow
$5.87 per share
Price / Cash Flow
8.02
Book Value
$27.35 per share
Price / Book
1.72

Miscellaneous

Outstanding Shares
793,740,000
Free Float
792,866,000
Market Cap
$37.34 billion
Optionable
Optionable
Beta
0.28

Social Links


Key Executives

  • Mr. Thomas Ronald PalmerMr. Thomas Ronald Palmer (Age 54)
    Pres, CEO & Director
    Comp: $3.49M
  • Mr. Robert D. AtkinsonMr. Robert D. Atkinson (Age 51)
    Exec. VP & COO
    Comp: $1.74M
  • Ms. Nancy LipsonMs. Nancy Lipson (Age 51)
    Exec. VP & Gen. Counsel
    Comp: $1.13M
  • Mr. Brian C. Tabolt (Age 41)
    Exec. VP & CFO
  • Mr. Joshua Cage
    Interim Controller & Chief Accounting Officer
  • Mr. Luis Maximo Canepari
    Sr. VP & Chief Information Officer
  • Mr. Daniel Horton
    VP of Fin. & Investor Relations and Treasurer
  • Mr. Scott E. Sullivan
    Chief Integrity & Compliance Officer
  • Ms. Jennifer CmilMs. 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?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NEM shares.
View NEM analyst ratings or view top-rated stocks.

What is Newmont's stock price forecast for 2023?

14 brokers have issued 1 year price objectives for Newmont's shares. Their NEM share price forecasts range from $47.00 to $115.00. On average, they predict the company's share price to reach $63.56 in the next twelve months. This suggests a possible upside of 34.3% 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 23.7% and is now trading at $47.32.
View the best growth stocks for 2022 here.

Are investors shorting Newmont?

Newmont saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 14,870,000 shares, an increase of 16.7% from the October 15th total of 12,740,000 shares. Based on an average trading volume of 9,020,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.9% of the company's stock are sold short.
View Newmont's Short Interest.

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 were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) released its earnings results on Tuesday, November, 1st. The basic materials company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by $0.02. The basic materials company earned $2.63 billion during the quarter, compared to analysts' expectations of $2.79 billion. Newmont had a trailing twelve-month return on equity of 8.07% and a net margin of 8.28%.

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

Newmont declared a quarterly dividend on Thursday, October 27th. Investors of record on Thursday, December 8th will be given a dividend of $0.55 per share on Thursday, December 29th. This represents a $2.20 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend 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 4.66%. 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 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 95.65% 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.48%), Vanguard Group Inc. (8.62%), State Street Corp (5.11%), Van ECK Associates Corp (4.18%), Flossbach Von Storch AG (1.83%) and Bank of New York Mellon Corp (0.91%). 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 $47.32.

How much money does Newmont make?

Newmont (NYSE:NEM) has a market capitalization of $37.56 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 12/9/2022 by MarketBeat.com Staff