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NYSE:NEMNewmont Goldcorp Stock Price, Forecast & News

$58.47
-0.25 (-0.43 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$58.39
Now: $58.47
$60.30
50-Day Range
$50.53
MA: $61.85
$67.90
52-Week Range
$31.60
Now: $58.47
$69.13
Volume22.86 million shs
Average Volume7.31 million shs
Market Capitalization$46.93 billion
P/E Ratio13.50
Dividend Yield0.95%
Beta0.4
Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of December 31, 2018, the company had proven and probable gold reserves of 65.4 million ounces and an aggregate land position of approximately 24,000 square miles. Newmont Mining Corporation was founded in 1916 and is headquartered in Greenwood Village, Colorado.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.63 out of 5 stars


Industry, Sector and Symbol

Industry Gold & silver ores
Sub-IndustryGold
SectorBasic Materials
CUSIP65163910
Phone303-863-7414

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.74 billion
Cash Flow$3.61 per share
Book Value$28.33 per share

Profitability

Net Income$2.81 billion

Miscellaneous

Employees16,600
Market Cap$46.93 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Newmont Goldcorp (NYSE:NEM) Frequently Asked Questions

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

Newmont Goldcorp's stock was trading at $46.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NEM shares have increased by 27.1% and is now trading at $58.47. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Newmont Goldcorp?

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.

When is Newmont Goldcorp's next earnings date?

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

How were Newmont Goldcorp's earnings last quarter?

Newmont Goldcorp Corp (NYSE:NEM) released its earnings results on Tuesday, May, 5th. The basic materials company reported $0.40 EPS 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 net margin of 33.66% and a return on equity of 5.10%. The company's quarterly revenue was up 43.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. View Newmont Goldcorp's earnings history.

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

Newmont Goldcorp declared a quarterly dividend on Wednesday, April 22nd. Stockholders 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 is Wednesday, June 3rd. This is a boost from Newmont Goldcorp's previous quarterly dividend of $0.14. View Newmont Goldcorp's dividend history.

How will Newmont Goldcorp's stock buyback program work?

Newmont Goldcorp announced that its board has authorized a stock repurchase program on Monday, December 2nd 2019, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

What price target have analysts set for NEM?

15 analysts have issued 12 month price objectives for Newmont Goldcorp's shares. Their forecasts range from $48.00 to $97.00. On average, they anticipate 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.

Has Newmont Goldcorp been receiving favorable news coverage?

News coverage about NEM stock has been trending somewhat positive on Saturday, InfoTrie reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Newmont Goldcorp earned a media sentiment score of 0.6 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View the latest news aboutNewmont Goldcorp.

Are investors shorting Newmont Goldcorp?

Newmont Goldcorp saw a increase in short interest in 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 daily trading volume, of 9,830,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.8% of the company's shares are sold short. View Newmont Goldcorp's Current Options Chain.

Who are some of Newmont Goldcorp's key competitors?

What other stocks do shareholders of Newmont Goldcorp own?

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).

Who are Newmont Goldcorp's key executives?

Newmont Goldcorp's management team includes the following people:
  • Mr. Gary J. Goldberg, CEO & Director (Age 60)
  • Mr. Thomas Ronald Palmer, Pres & COO (Age 51)
  • Ms. Nancy K. Buese CPA, Exec. VP & CFO (Age 49)
  • Mr. Stephen P. Gottesfeld, Exec. VP & Gen. Counsel (Age 51)
  • Mr. Randy Engel, Exec. VP of Strategic Devel. (Age 52)

What is Newmont Goldcorp's stock symbol?

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

Who are Newmont Goldcorp's major shareholders?

Newmont Goldcorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.

Which institutional investors are selling Newmont Goldcorp stock?

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.

Which institutional investors are buying Newmont Goldcorp stock?

NEM stock was purchased 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.

How do I buy shares of 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.

What is Newmont Goldcorp's stock price today?

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

How big of a company is Newmont Goldcorp?

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.

What is Newmont Goldcorp's official website?

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

How can I contact Newmont Goldcorp?

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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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