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.
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Industry, Sector and Symbol
Industry Gold & silver ores
Sub-IndustryGold
SectorBasic Materials
Phone303-863-7414
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$9.74 billion
Profitability
Miscellaneous
Employees12,400
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable
Newmont Goldcorp (NYSE:NEM) Frequently Asked Questions
What is Newmont Goldcorp's stock symbol?
Newmont Goldcorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEM."
How often does Newmont Goldcorp pay dividends? What is the dividend yield for Newmont Goldcorp?
Newmont Goldcorp declared a quarterly dividend on Tuesday, February 18th. Investors of record on Thursday, March 5th will be paid a dividend of $0.14 per share on Thursday, March 19th. This represents a $0.56 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, March 4th. View Newmont Goldcorp's Dividend History.
How will Newmont Goldcorp's stock buyback program work?
Newmont Goldcorp declared that its board has authorized a share repurchase program on Monday, December 2nd 2019, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.
How were Newmont Goldcorp's earnings last quarter?
Newmont Goldcorp Corp (NYSE:NEM) released its earnings results on Thursday, February, 20th. The basic materials company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The basic materials company earned $2.97 billion during the quarter, compared to analysts' expectations of $3.02 billion. Newmont Goldcorp had a net margin of 28.80% and a return on equity of 5.07%. Newmont Goldcorp's revenue was up 44.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. View Newmont Goldcorp's Earnings History.
When is Newmont Goldcorp's next earnings date?
What price target have analysts set for NEM?
12 equities research analysts have issued 12-month target prices for Newmont Goldcorp's stock. Their forecasts range from $43.00 to $58.00. On average, they expect Newmont Goldcorp's share price to reach $47.40 in the next year. This suggests that the stock has a possible downside of 4.1%. View Analyst Price Targets for Newmont Goldcorp.
What is the consensus analysts' recommendation for Newmont Goldcorp?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont Goldcorp in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Newmont Goldcorp.
Has Newmont Goldcorp been receiving favorable news coverage?
Press coverage about NEM stock has trended somewhat negative this week, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Newmont Goldcorp earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned press coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Newmont Goldcorp.
Are investors shorting Newmont Goldcorp?
Newmont Goldcorp saw a decrease in short interest in January. As of January 31st, there was short interest totalling 16,130,000 shares, a decrease of 16.3% from the January 15th total of 19,260,000 shares. Based on an average daily volume of 6,470,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.0% of the shares of the stock are sold short. View Newmont Goldcorp's Current Options Chain.
Who are some of Newmont Goldcorp's key competitors?
Some companies that are related to Newmont Goldcorp include Barrick Gold (ABX), Barrick Gold (GOLD), Franco Nevada (FNV), Wheaton Precious Metals (WPM), Agnico Eagle Mines (AEM), Sibanye Gold (SBGL), AngloGold Ashanti (AU), Kirkland Lake Gold (KL), Kinross Gold (KGC), Gold Fields (GFI), Pan American Silver (PAAS), Yamana Gold (AUY), Alamos Gold (AGI), First Majestic Silver (AG) and Harmony Gold Mining (HMY).
What other stocks do shareholders of Newmont Goldcorp own?
Who are Newmont Goldcorp's key executives?
Newmont Goldcorp's management team includes the folowing 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)
Who are Newmont Goldcorp's major shareholders?
Newmont Goldcorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (4.79%), State Street Corp (4.66%), First Eagle Investment Management LLC (2.53%), FMR LLC (2.01%), Geode Capital Management LLC (1.55%) and Bank of New York Mellon Corp (1.32%). 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 major investors are selling Newmont Goldcorp stock?
NEM stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Man Group plc, Bank of New York Mellon Corp, Capital World Investors, Schroder Investment Management Group, Retirement Systems of Alabama, AQR Capital Management LLC and Anchor Bolt Capital LP. Company insiders that have sold Newmont Goldcorp company stock in the last year 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 Insider Buying and Selling for Newmont Goldcorp.
Which major investors are buying Newmont Goldcorp stock?
NEM stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Renaissance Technologies LLC, Van ECK Associates Corp, Euro Pacific Asset Management LLC, UBS Asset Management Americas Inc., Vestcor Investment Management Corp, Teacher Retirement System of Texas and State of Tennessee Treasury Department. View Insider Buying and Selling 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 $49.44.
How big of a company is Newmont Goldcorp?
Newmont Goldcorp has a market capitalization of $40.53 billion and generates $9.74 billion in revenue each year. The basic materials company earns $341 million in net income (profit) each year or $1.32 on an earnings per share basis. Newmont Goldcorp employs 12,400 workers across the globe.View Additional Information About Newmont Goldcorp.
What is Newmont Goldcorp's official website?
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]
MarketBeat Community Rating for Newmont Goldcorp (NYSE NEM)
MarketBeat's community ratings are surveys of what our community members think about Newmont Goldcorp and other stocks. Vote "Outperform" if you believe NEM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NEM will underperform the S&P 500 over the long term. You may vote once every thirty days.
