NYSE:NEMNewmont Goldcorp Stock Price, Forecast & News

Newmont Goldcorp's stock was trading at $46.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NEM stock has increased by 27.1% and is now trading at $58.47. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont Goldcorp in the last year. There are currently 6 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Newmont Goldcorp.

Newmont Goldcorp is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Newmont Goldcorp.

Newmont Goldcorp Corp (NYSE:NEM) posted its earnings results on Tuesday, May, 5th. The basic materials company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by $0.02. The basic materials company earned $2.58 billion during the quarter, compared to analyst estimates of $2.66 billion. Newmont Goldcorp had a return on equity of 5.10% and a net margin of 33.66%. The firm's revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. View Newmont Goldcorp's earnings history.

Newmont Goldcorp announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Thursday, June 4th will be paid a dividend of $0.25 per share on Thursday, June 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a boost from Newmont Goldcorp's previous quarterly dividend of $0.14. View Newmont Goldcorp's dividend history.

Newmont Goldcorp declared that its board has initiated a stock repurchase program on Monday, December 2nd 2019, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

15 brokerages have issued 12 month target prices for Newmont Goldcorp's shares. Their forecasts range from $48.00 to $97.00. On average, they expect Newmont Goldcorp's share price to reach $69.08 in the next year. This suggests a possible upside of 18.2% from the stock's current price. View analysts' price targets for Newmont Goldcorp.

Press coverage about NEM stock has trended very positive this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Newmont Goldcorp earned a media sentiment score of 3.1 on InfoTrie's scale. They also assigned media headlines about the basic materials company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutNewmont Goldcorp.

Newmont Goldcorp saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 14,550,000 shares, an increase of 12.7% from the April 15th total of 12,910,000 shares. Based on an average trading volume of 9,830,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.8% of the shares of the company are short sold. View Newmont Goldcorp's Current Options Chain.

Some companies that are related to Newmont Goldcorp include Royal Gold (RGLD), NovaGold Resources (NG), Gold Resource (GORO), Vista Gold (VGZ) and Trevali Mining (TV). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmont Goldcorp investors own include NVIDIA (NVDA), Barrick Gold (GOLD), Intel (INTC), Cisco Systems (CSCO), Alibaba Group (BABA), AT&T (T), Walt Disney (DIS), Netflix (NFLX), Micron Technology (MU) and Gilead Sciences (GILD).

Newmont Goldcorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEM."

Newmont Goldcorp's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.39%), Van ECK Associates Corp (4.71%), State Street Corp (4.67%), First Eagle Investment Management LLC (2.55%), Geode Capital Management LLC (1.74%) and Flossbach Von Storch AG (1.31%). Company insiders that own Newmont Goldcorp stock include Dean Gehring, E Randall Engel, Elaine J Dorward-King, Gary J Goldberg, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Scott P Lawson, Stephen P Gottesfeld, Thomas Ronald Palmer and William N Macgowan. View institutional ownership trends for Newmont Goldcorp.

NEM stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., BlackRock Inc., Wells Fargo & Company MN, Flossbach Von Storch AG, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, and Capital International Investors. Company insiders that have sold Newmont Goldcorp company stock in the last year include Dean Gehring, E Randall Engel, Gary J Goldberg, Jennifer Cmil, John Kitlen, Nancy Buese, Nancy Lipson, Scott P Lawson, Stephen P Gottesfeld, Thomas Ronald Palmer, and William N Macgowan. View insider buying and selling activity for Newmont Goldcorp.

NEM stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Geode Capital Management LLC, Ruffer LLP, Swiss National Bank, Hexavest Inc., Clearbridge Investments LLC, Sumitomo Mitsui Trust Holdings Inc., and Janus Henderson Group PLC. View insider buying and selling activity for Newmont Goldcorp.

Shares of NEM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NEM stock can currently be purchased for approximately $58.47.

Newmont Goldcorp has a market capitalization of $46.93 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 Goldcorp employs 16,600 workers across the globe.

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

Newmont Goldcorp'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]