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DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
Critical asset just had biggest fall on record (Ad)
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Georgia's largest county is still repairing damage from January cyberattack
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
Critical asset just had biggest fall on record (Ad)
Question of whether Nebraska public money can go to private schools still set for November ballot
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Georgia's largest county is still repairing damage from January cyberattack
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
Critical asset just had biggest fall on record (Ad)
Question of whether Nebraska public money can go to private schools still set for November ballot
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Georgia's largest county is still repairing damage from January cyberattack
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
Critical asset just had biggest fall on record (Ad)
Question of whether Nebraska public money can go to private schools still set for November ballot
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Georgia's largest county is still repairing damage from January cyberattack
TSE:NGT

Newmont (NGT) Stock Price, News & Analysis

C$43.27
+0.88 (+2.08%)
(As of 03/1/2024 ET)
Today's Range
C$42.07
C$43.81
50-Day Range
C$40.44
C$55.96
52-Week Range
C$39.96
C$70.88
Volume
451,963 shs
Average Volume
225,977 shs
Market Capitalization
C$49.76 billion
P/E Ratio
N/A
Dividend Yield
4.92%
Price Target
C$57.00

Newmont MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
31.7% Upside
C$57.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.07mentions of Newmont in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.54 out of 5 stars


NGT stock logo

About Newmont Stock (TSE:NGT)

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, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.

NGT Stock Price History

NGT Stock News Headlines

FY2024 EPS Estimates for Newmont Co. (TSE:NGT) Cut by Analyst
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
NEM Mar 2024 30.000 put
NEM Apr 2024 32.000 put
Is Newmont Mining Stock a Good Buy Right Now?
What Gold Mining Companies Are Telling Their Investors
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
NEM Jun 2024 37.500 call
NEM Jun 2024 22.500 put
NEM Mar 2024 27.500 put
NEM Feb 2024 44.000 call
NEM Feb 2024 50.000 put
Newmont Stock (NYSE:NEM) Insider Trades
2 Top Mining Stocks to Buy on the TSX Today
Newmont 3Q EPS falls short on weaker Mexico and Ghana output
See More Headlines
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Company Calendar

Ex-Dividend for 12/22 Dividend
11/29/2023
Dividend Payable
12/22/2023
Today
3/02/2024
Ex-Dividend for 3/28 Dividend
3/04/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/25/2024

Industry, Sector and Symbol

Industry
Gold
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
14,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$57.00
High Stock Price Target
C$64.00
Low Stock Price Target
C$50.00
Potential Upside/Downside
+31.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
C$-839,000,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$11.05 billion
Cash Flow
C$3.23 per share
Book Value
C$24.02 per share

Miscellaneous

Outstanding Shares
1,150,000,000
Free Float
N/A
Market Cap
C$49.76 billion
Optionable
Not Optionable
Beta
0.53
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Key Executives

  • Mr. Thomas Ronald Palmer (Age 56)
    President, CEO & Director
    Comp: $4.67M
  • Mr. Robert D. Atkinson (Age 53)
    Executive VP & COO
    Comp: $2.37M
  • Mr. Peter Ivan Toth BBus (IB) (Age 54)
    MIB, Executive VP & Chief Development Officer
    Comp: $2.27M
  • Ms. Karyn F. Ovelmen (Age 61)
    Executive VP & CFO
  • Ms. Natascha Viljoen BEng (PrEng) (Age 54)
    EMBA, Executive VP & COO
  • Mr. Dean R. Gehring (Age 55)
    Executive VP, Chief Integration Officer & CTO
  • Neil Backhouse
    Group Head of Investor Relations
  • Ms. Jennifer Cmil (Age 53)
    Executive VP & Chief People Officer
  • Mr. Alwyn Pretorius (Age 53)
    Managing Director of Papua New Guinea
  • Ms. Suzanne Retallack
    Executive VP and Chief Safety & Sustainability Officer

Should I Buy Newmont Stock? NGT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Newmont was last updated on Friday, March 1, 2024 at 8:20 PM.

Pros

Here are some ways that investors could benefit from investing in Newmont Co.:

  • Newmont Co. has a strong track record of consistent dividend payments, providing investors with a reliable income stream.
  • The company's diversified operations in gold, copper, silver, zinc, and lead offer exposure to multiple commodities, reducing risk from fluctuations in any single market.
  • Newmont Co. has a significant land position and proven gold reserves, indicating long-term stability and growth potential in the precious metals sector.
  • Despite recent fluctuations, Newmont Co.'s stock price remains attractive for investors looking to enter the market at a reasonable valuation.
  • The company's global presence across various countries provides geographic diversification, mitigating geopolitical risks that may impact operations.

Cons

Investors should be bearish about investing in Newmont Co. for these reasons:

  • Newmont Co. recently experienced a decrease in earnings per share estimates, which could indicate potential challenges in the company's financial performance.
  • The company's dividend payout ratio is currently negative, suggesting that the dividend payments may not be sustainable in the long term.
  • Market analysts have revised down their earnings forecasts for Newmont Co., signaling concerns about the company's future profitability.
  • Newmont Co.'s stock price has shown volatility in recent periods, posing risks for investors seeking stable returns.
  • The company's high debt-to-equity ratio may raise concerns about its financial leverage and ability to manage debt obligations effectively.














NGT Stock Analysis - Frequently Asked Questions

Should I buy or sell Newmont stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NGT shares.
View NGT analyst ratings
or view top-rated stocks.

What is Newmont's stock price target for 2024?

2 equities research analysts have issued twelve-month price objectives for Newmont's stock. Their NGT share price targets range from C$50.00 to C$64.00. On average, they anticipate the company's stock price to reach C$57.00 in the next year. This suggests a possible upside of 31.7% from the stock's current price.
View analysts price targets for NGT
or view top-rated stocks among Wall Street analysts.

How have NGT shares performed in 2024?

Newmont's stock was trading at C$54.85 on January 1st, 2024. Since then, NGT stock has decreased by 21.1% and is now trading at C$43.27.
View the best growth stocks for 2024 here
.

When is Newmont's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our NGT earnings forecast
.

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

Newmont declared a quarterly dividend on Thursday, February 22nd. Investors of record on Tuesday, March 5th will be paid a dividend of 0.336 per share on Thursday, March 28th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Monday, March 4th.
Read our dividend analysis for NGT
.

Is Newmont a good dividend stock?

Newmont (TSE:NGT) pays an annual dividend of C$2.13 per share and currently has a dividend yield of 4.71%. NGT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for NGT.

What other stocks do shareholders of Newmont own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmont investors own include Barrick Gold (ABX), Enbridge (ENB), Bristol-Myers Squibb (BMY), Cisco Systems (CSCO), Home Depot (HD), Kirkland Lake Gold (KL), AT&T (T), Verizon Communications (VZ), AbbVie (ABBV) and Canadian Natural Resources (CNQ).

How do I buy shares of Newmont?

Shares of NGT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:NGT) was last updated on 3/2/2024 by MarketBeat.com Staff