NYSE:NEMNewmont Goldcorp Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Newmont Goldcorp Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $59.76 -3.29 (-5.22 %) (As of 05/26/2020 02:16 PM ET) Add Compare Share Today's Range$59.71Now: $59.76▼$62.4850-Day Range$47.15MA: $60.94▼$67.9052-Week Range$31.10Now: $59.76▼$69.13Volume1.51 million shsAverage Volume6.87 million shsMarket Capitalization$47.96 billionP/E Ratio13.80Dividend Yield0.89%Beta0.4 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingNewmont Goldcorp has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 9 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $69.08, Newmont Goldcorp has a potential upside of 15.2% from its current price of $59.99.Amount of Analyst CoverageNewmont Goldcorp has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.4 Community Rank Outperform VotesNewmont Goldcorp has received 827 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNewmont Goldcorp has received 898 “underperform” votes. (Add your “underperform” vote.)Community SentimentNewmont Goldcorp has received 52.06% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipNewmont Goldcorp is a leading dividend payer. It pays a dividend yield of 0.89%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNewmont Goldcorp has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Newmont Goldcorp is 42.42 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Newmont Goldcorp will have a dividend payout ratio of 14.89 % next year. This indicates that Newmont Goldcorp will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Newmont Goldcorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,492,212.00 in company stock.Percentage Held by InsidersOnly 0.28% of the stock of Newmont Goldcorp is held by insiders.Percentage Held by Institutions81.47% of the stock of Newmont Goldcorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Newmont Goldcorp are expected to grow by 56.02% in the coming year, from $2.41 to $3.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Newmont Goldcorp is 13.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.92.Price to Earnings Ratio vs. SectorThe P/E ratio of Newmont Goldcorp is 13.85, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 18.32.Price to Book Value per Share RatioNewmont Goldcorp has a P/B Ratio of 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NYSE Industry Gold & silver ores Sub-IndustryGold SectorBasic Materials Current SymbolNYSE:NEM Previous Symbol CUSIP65163910 CIK1164727 Webwww.newmontgoldcorp.com Phone303-863-7414Debt Debt-to-Equity Ratio0.29 Current Ratio3.31 Quick Ratio2.81Price-To-Earnings Trailing P/E Ratio13.80 Forward P/E Ratio24.80 P/E GrowthN/A Sales & Book Value Annual Sales$9.74 billion Price / Sales4.92 Cash Flow$3.44 per share Price / Cash Flow17.39 Book Value$27.69 per share Price / Book2.16Profitability EPS (Most Recent Fiscal Year)$1.32 Net Income$2.81 billion Net Margins33.66% Return on Equity5.10% Return on Assets2.85%Miscellaneous Employees16,600 Outstanding Shares802,590,000Market Cap$47.96 billion Next Earnings Date7/23/2020 (Estimated) OptionableOptionable NEM Rates by TradingView 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. 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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NEM shares have increased by 30.4% and is now trading at $59.99. 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) issued its quarterly earnings data on Tuesday, May, 5th. The basic materials company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by $0.02. The basic materials company earned $2.58 billion during the quarter, compared to the consensus estimate of $2.66 billion. Newmont Goldcorp had a return on equity of 5.10% and a net margin of 33.66%. Newmont Goldcorp's revenue was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Investors of record on Thursday, June 4th will be given a dividend of $0.25 per share on Thursday, June 18th. This represents a $1.00 annualized dividend and a yield of 1.67%. 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 declared that its board has initiated a share repurchase plan on Monday, December 2nd 2019, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued. What price target have analysts set for NEM? 15 brokerages have issued 1-year 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 15.2% 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 negative this week, InfoTrie reports. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Newmont Goldcorp earned a news sentiment score of -2.6 on InfoTrie's scale. They also gave media headlines about the basic materials company a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company'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 currently 1.5 days. Approximately 1.8% of the shares of the company are short sold. 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), AngloGold Ashanti (AU), Kirkland Lake Gold (KL), Kinross Gold (KGC), Gold Fields (GFI), Pan American Silver (PAAS), Sibanye Gold (SBGL), Yamana Gold (AUY), Alamos Gold (AGI), First Majestic Silver (AG) and Harmony Gold Mining (HMY). View all 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 variety 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. Which major 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, Bank of New York Mellon Corp, Capital International Investors, and Van ECK Associates Corp. 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 major investors are buying Newmont Goldcorp stock? 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. 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 $59.99. How big of a company is Newmont Goldcorp? Newmont Goldcorp has a market capitalization of $48.15 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 5/26/2020 by MarketBeat.com Staff
