NYSE:NEM

Newmont Stock Forecast, Price & News

$61.85
-0.40 (-0.64 %)
(As of 04/14/2021 12:00 AM ET)
Add
Compare
Today's Range
$61.67
Now: $61.85
$62.66
50-Day Range
$54.38
MA: $59.58
$62.97
52-Week Range
$52.33
Now: $61.85
$72.22
Volume3.96 million shs
Average Volume7.14 million shs
Market Capitalization$49.50 billion
P/E Ratio19.45
Dividend Yield3.58%
Beta0.14
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, 2020, it had proven and probable gold reserves of 94.2 million ounces and land position of 58,900 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.
Newmont logo

Industry, Sector and Symbol

Industry Gold & silver ores
Sub-IndustryGold
CUSIP65163910
Phone303-863-7414
Employees14,300
Year Founded1921

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.74 billion
Cash Flow$3.61 per share
Book Value$27.69 per share

Profitability

Net Income$2.81 billion

Miscellaneous

Market Cap$49.50 billion
Next Earnings Date4/29/2021 (Confirmed)
OptionableOptionable

Headlines

3 Dividend Stocks to Help You Fight Inflation
April 13, 2021 |  marketbeat.com
Newmont Announces First Quarter 2021 Earnings Call
April 1, 2021 |  finance.yahoo.com
Newmont Corp.
March 25, 2021 |  barrons.com
See More Headlines

MarketRank

Overall MarketRank

2.44 out of 5 stars

Basic Materials Sector

9th out of 849 stocks

Gold & Silver Ores Industry

8th out of 77 stocks

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$61.85
-0.40 (-0.64 %)
(As of 04/14/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive NEM News and Ratings via Email

Sign-up to receive the latest news and ratings for NEM and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Newmont (NYSE:NEM) Frequently Asked Questions

Is Newmont a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Newmont stock.
View analyst ratings for Newmont
or view top-rated stocks.

What stocks does MarketBeat like better than Newmont?

Wall Street analysts have given Newmont a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Newmont wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Newmont?

Newmont saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 11,270,000 shares, an increase of 33.4% from the March 15th total of 8,450,000 shares. Based on an average trading volume of 7,150,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.4% of the shares of the stock are sold short.
View Newmont's Short Interest
.

When is Newmont's next earnings date?

Newmont is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Newmont
.

How can I listen to Newmont's earnings call?

Newmont will be holding an earnings conference call on Thursday, April 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) released its earnings results on Wednesday, February, 17th. The basic materials company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.95 by $0.11. The basic materials company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.69 billion. Newmont had a trailing twelve-month return on equity of 7.37% and a net margin of 23.19%. During the same period in the previous year, the business earned $0.50 EPS.
View Newmont's earnings history
.

How has Newmont's stock price been impacted by COVID-19 (Coronavirus)?

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. Since then, NEM shares have increased by 34.4% and is now trading at $61.85.
View which stocks have been most impacted by COVID-19
.

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

Newmont declared a quarterly dividend on Wednesday, February 17th. Shareholders of record on Thursday, March 4th will be paid a dividend of $0.55 per share on Thursday, March 18th. This represents a $2.20 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, March 3rd. This is a boost from Newmont's previous quarterly dividend of $0.40.
View Newmont's dividend history
.

Is Newmont a good dividend stock?

Newmont pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.58%. Newmont does not yet have a strock track record of dividend growth. The dividend payout ratio of Newmont is 166.67%. 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 53.01% next year. This indicates that Newmont will be able to sustain or increase its dividend.
View Newmont's dividend history.

How will Newmont's stock buyback program work?

Newmont announced that its board has initiated a stock buyback plan on Monday, December 2nd 2019, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire 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 shares are undervalued.

What price target have analysts set for NEM?

13 analysts have issued 12-month price objectives for Newmont's shares. Their forecasts range from $57.00 to $97.00. On average, they anticipate Newmont's stock price to reach $72.91 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price.
View analysts' price targets for Newmont
or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Newmont stock?

Here are some recent quotes from research analysts about Newmont stock:
  • 1. Fundamental Research analysts commented, "Fundamental Research Corp has issued a report entitled “Senior Gold Producers (NYSE: NEM/GOLD / TSX: NGT/ABX) Record Revenue in 2020; Recent Dip in Prices Offers Attractive Entry Point” and dated February 19, 2021. The full report is now at www.researchfrc.com." (2/19/2021)
  • 2. According to Zacks Investment Research, "Newmont’s adjusted earnings for the fourth quarter beat the Zacks Consensus Estimate while sale missed. The company is making a notable progress with its growth projects. It is likely to gain from a number of projects including the Tanami expansion, Yanacocha Sulfides and Ahafo north. Moreover, the merger with Goldcorp is expected to be value-accretive to its cash flow and generate significant synergies. However, higher production costs are likely to weigh on its margins. Newmont is witnessing higher cost applicable to sales (CAS) and all-in sustaining costs (AISC) partly related to the coronavirus pandemic. Declining production is another concern. Factors like coronavirus-related impacts across certain mines and the divestment of certain assets are impacting production. The recent weakness in gold prices is another concern. " (2/25/2021)

Who are Newmont's key executives?

Newmont's management team includes the following people:
  • Mr. Thomas Ronald Palmer, Pres, CEO & Director (Age 53, Pay $3.94M)
  • Ms. Nancy K. Buese CPA, Exec. VP & CFO (Age 51, Pay $1.69M) (LinkedIn Profile)
  • Mr. Robert D. Atkinson, Exec. VP & COO (Age 52, Pay $1.89M) (LinkedIn Profile)
  • Mr. Randy Engel, Exec. VP of Strategic Devel. (Age 54, Pay $1.5M) (LinkedIn Profile)
  • Mr. Stephen P. Gottesfeld, Exec. VP and Chief Sustainability & External Affairs Officer (Age 53, Pay $1.18M) (LinkedIn Profile)
  • Mr. David W. McLaren, VP of Investments & Value Management (Age 61)
  • Mr. John W. Kitlen, VP, Controller & Chief Accounting Officer (Age 57)
  • Mr. Dean R. Gehring, Exec. VP & CTO (Age 52) (LinkedIn Profile)
  • Mr. Luis Maximo Canepari, VP & Chief Information Officer (LinkedIn Profile)
  • Ms. Nancy Lipson, Exec. VP & Gen. Counsel (Age 51) (LinkedIn Profile)

What is Tom Palmer's approval rating as Newmont's CEO?

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.

Who are some of Newmont's key competitors?

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 The 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 institutional and retail investors. Top institutional investors include Foundation Resource Management Inc. (0.08%), Royal London Asset Management Ltd. (0.04%), Stack Financial Management Inc (0.03%), State of Alaska Department of Revenue (0.03%), Hexavest Inc. (0.03%) and Pacer Advisors Inc. (0.02%). 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
.

Which major investors are selling Newmont stock?

NEM stock was sold by a variety of institutional investors in the last quarter, including Bronte Capital Management Pty Ltd., Stack Financial Management Inc, State of Alaska Department of Revenue, Hexavest Inc., Clear Harbor Asset Management LLC, Bellecapital International Ltd., NuWave Investment Management LLC, and F&V Capital Management LLC. 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.

Which major investors are buying Newmont stock?

NEM stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Adams Asset Advisors LLC, Everence Capital Management Inc., Livingston Group Asset Management CO operating as Southport Capital Management, Strategic Investment Advisors MI, Fulton Breakefield Broenniman LLC, Royal London Asset Management Ltd., and Hohimer Wealth Management LLC.
View insider buying and selling activity for Newmont
or or view top insider-buying stocks.

How do I buy shares of Newmont?

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.

What is Newmont's stock price today?

One share of NEM stock can currently be purchased for approximately $61.85.

How much money does Newmont make?

Newmont has a market capitalization of $49.50 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.

How many employees does Newmont have?

Newmont employs 14,300 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.

When was Newmont founded?

Newmont was founded in 1921.

What is Newmont's official website?

The official website for Newmont is www.newmontgoldcorp.com.

Where are Newmont's headquarters?

Newmont is headquartered at 6363 SOUTH FIDDLER`S GREEN CIRCLE, GREENWOOD VILLAGE CO, 80111.

How can I contact Newmont?

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]


This page was last updated on 4/14/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.