QQQ   423.41 (-0.57%)
AAPL   167.04 (-0.57%)
MSFT   404.27 (-1.84%)
META   501.80 (+1.54%)
GOOGL   156.01 (+0.35%)
AMZN   179.22 (-1.14%)
TSLA   149.93 (-3.55%)
NVDA   846.71 (+0.76%)
AMD   155.08 (+0.69%)
NIO   4.00 (+2.30%)
BABA   68.88 (+0.09%)
T   16.33 (+1.30%)
F   12.06 (+0.17%)
MU   111.93 (-3.78%)
GE   152.94 (-1.75%)
CGC   7.83 (+20.65%)
DIS   112.43 (-0.45%)
AMC   2.92 (-2.01%)
PFE   25.39 (-0.12%)
PYPL   62.10 (-1.83%)
XOM   118.52 (-0.09%)
QQQ   423.41 (-0.57%)
AAPL   167.04 (-0.57%)
MSFT   404.27 (-1.84%)
META   501.80 (+1.54%)
GOOGL   156.01 (+0.35%)
AMZN   179.22 (-1.14%)
TSLA   149.93 (-3.55%)
NVDA   846.71 (+0.76%)
AMD   155.08 (+0.69%)
NIO   4.00 (+2.30%)
BABA   68.88 (+0.09%)
T   16.33 (+1.30%)
F   12.06 (+0.17%)
MU   111.93 (-3.78%)
GE   152.94 (-1.75%)
CGC   7.83 (+20.65%)
DIS   112.43 (-0.45%)
AMC   2.92 (-2.01%)
PFE   25.39 (-0.12%)
PYPL   62.10 (-1.83%)
XOM   118.52 (-0.09%)
QQQ   423.41 (-0.57%)
AAPL   167.04 (-0.57%)
MSFT   404.27 (-1.84%)
META   501.80 (+1.54%)
GOOGL   156.01 (+0.35%)
AMZN   179.22 (-1.14%)
TSLA   149.93 (-3.55%)
NVDA   846.71 (+0.76%)
AMD   155.08 (+0.69%)
NIO   4.00 (+2.30%)
BABA   68.88 (+0.09%)
T   16.33 (+1.30%)
F   12.06 (+0.17%)
MU   111.93 (-3.78%)
GE   152.94 (-1.75%)
CGC   7.83 (+20.65%)
DIS   112.43 (-0.45%)
AMC   2.92 (-2.01%)
PFE   25.39 (-0.12%)
PYPL   62.10 (-1.83%)
XOM   118.52 (-0.09%)
QQQ   423.41 (-0.57%)
AAPL   167.04 (-0.57%)
MSFT   404.27 (-1.84%)
META   501.80 (+1.54%)
GOOGL   156.01 (+0.35%)
AMZN   179.22 (-1.14%)
TSLA   149.93 (-3.55%)
NVDA   846.71 (+0.76%)
AMD   155.08 (+0.69%)
NIO   4.00 (+2.30%)
BABA   68.88 (+0.09%)
T   16.33 (+1.30%)
F   12.06 (+0.17%)
MU   111.93 (-3.78%)
GE   152.94 (-1.75%)
CGC   7.83 (+20.65%)
DIS   112.43 (-0.45%)
AMC   2.92 (-2.01%)
PFE   25.39 (-0.12%)
PYPL   62.10 (-1.83%)
XOM   118.52 (-0.09%)
TSE:NGT

Newmont (NGT) Stock Price, News & Analysis

C$53.06
-0.02 (-0.04%)
(As of 04:15 PM ET)
Today's Range
C$52.70
C$53.89
50-Day Range
C$40.44
C$53.91
52-Week Range
C$39.96
C$68.15
Volume
136,201 shs
Average Volume
245,025 shs
Market Capitalization
C$61.02 billion
P/E Ratio
N/A
Dividend Yield
2.56%
Price Target
C$57.00

Newmont MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.4% Upside
C$57.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.52mentions of Newmont in the last 14 days
Based on 5 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.

0.45 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, Papua New Guinea, Ecuador, Fiji, and Ghana. The company was founded in 1916 and is headquartered in Denver, Colorado.

NGT Stock Price History

NGT Stock News Headlines

Newmont (NGT) to Release Earnings on Thursday
This consistently signaled gains of 453%... 610%... and even 1036%...
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
Newmont Stock: A "Once-In-A-Generation" Buy
NEM Mar 2024 30.000 put
NEM Apr 2024 32.000 put
This consistently signaled gains of 453%... 610%... and even 1036%...
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
Is Newmont Mining Stock a Good Buy Right Now?
What Gold Mining Companies Are Telling Their Investors
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
Receive NGT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Newmont and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/28 Dividend
3/04/2024
Dividend Payable
3/28/2024
Today
4/18/2024
Next Earnings (Confirmed)
4/25/2024

Industry, Sector and Symbol

Industry
Gold
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
21,700
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
+7.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
C$-2,520,000,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$11.81 billion
Cash Flow
C$3.95 per share
Book Value
C$25.18 per share

Miscellaneous

Outstanding Shares
1,150,000,000
Free Float
N/A
Market Cap
C$60.95 billion
Optionable
Not Optionable
Beta
0.54
The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

Key Executives

  • Mr. Thomas Ronald Palmer (Age 56)
    President, CEO & Director
    Comp: $3.03M
  • Mr. Robert D. Atkinson (Age 53)
    Executive VP & COO
    Comp: $1.62M
  • Mr. Peter Ivan Toth BBus (IB) (Age 54)
    MIB, Executive VP & Chief Development Officer
    Comp: $1.35M
  • Mr. Joshua L. Cage (Age 49)
    Acting VP, Chief Accounting Officer & Controller
  • Mr. Dean R. Gehring (Age 55)
    Executive VP, Chief Integration Officer & CTO
  • Neil Backhouse
    Group Head of Investor Relations
  • Mr. Peter Wexler J.D.
    Executive VP & Chief Legal Officer
  • Ms. Jennifer Cmil (Age 53)
    Executive VP & Chief People Officer
  • Mr. Alwyn Pretorius (Age 53)
    Managing Director of Papua New Guinea
  • Ms. Suzanne Retallack (Age 47)
    Executive VP, Chief Safety & Sustainability Officer and Executive of Australia

Should I Buy Newmont Stock? NGT Pros and Cons Explained

Pros

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

  • Newmont Co. has a strong presence in multiple countries, providing geographic diversification which can help mitigate risks associated with operating in a single region.
  • The company engages in the production and exploration of gold, copper, silver, zinc, and lead, offering exposure to multiple valuable commodities.
  • Newmont Co. has a significant amount of proven and probable gold reserves, indicating a stable resource base for future production.
  • With a current dividend yield of 2.93%, investors can benefit from a steady income stream from Newmont Co.'s dividend payments.
  • Despite recent fluctuations, Newmont Co.'s stock price has shown resilience, making it an attractive option for investors seeking stability in their portfolio.

Cons

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

  • Newmont Co.'s payout ratio is currently negative, indicating that the company is paying out more in dividends than it is earning, which could raise concerns about sustainability.
  • The company's debt-to-equity ratio is quite high at 32.67, suggesting a significant reliance on debt financing which may pose risks during economic downturns or interest rate hikes.
  • Analysts have revised down earnings estimates for Newmont Co., signaling potential challenges in the company's financial performance in the near term.
  • Newmont Co.'s stock has experienced a decline in its 50-day and 200-day moving averages, indicating a downward trend that investors should consider before making investment decisions.
  • Recent comments from analysts have raised concerns about Newmont Co.'s earnings outlook, which could impact investor sentiment and stock performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Newmont pros and cons to contact@marketbeat.com.

NGT Stock Analysis - Frequently Asked Questions

Should I buy or sell Newmont stock right now?

2 Wall Street 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 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 brokerages have issued 1-year price objectives for Newmont's stock. Their NGT share price targets range from C$50.00 to C$64.00. On average, they expect the company's stock price to reach C$57.00 in the next year. This suggests a possible upside of 7.4% 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 at the beginning of 2024. Since then, NGT stock has decreased by 3.3% and is now trading at C$53.06.
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 were Newmont's earnings last quarter?

Newmont Co. (TSE:NGT) announced its quarterly earnings data on Thursday, February, 22nd. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.70 by $0.02. The company earned $5.39 billion during the quarter, compared to analysts' expectations of $4.37 billion. Newmont had a negative net margin of 21.11% and a negative trailing twelve-month return on equity of 10.23%.

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

Newmont announced 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 yield of 2.53%. 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$1.36 per share and currently has a dividend yield of 2.55%.
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 4/18/2024 by MarketBeat.com Staff

From Our Partners