Newmont Corporation (NEM)

NYSE: NEM · Real-Time Price · USD
38.31
+0.15 (0.39%)
At close: Dec 24, 2024, 1:00 PM
38.44
+0.13 (0.34%)
Pre-market: Dec 26, 2024, 7:34 AM EST
0.39%
Market Cap 43.42B
Revenue (ttm) 16.99B
Net Income (ttm) -1.21B
Shares Out 1.13B
EPS (ttm) -1.10
PE Ratio n/a
Forward PE 10.79
Dividend $1.00 (2.61%)
Ex-Dividend Date Nov 27, 2024
Volume 3,461,130
Open 38.20
Previous Close 38.16
Day's Range 37.87 - 38.32
52-Week Range 29.42 - 58.72
Beta 0.50
Analysts Buy
Price Target 54.00 (+40.96%)
Earnings Date Oct 23, 2024

About NEM

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. [Read more]

Industry Gold
Sector Materials
Founded 1916
Employees 21,700
Stock Exchange NYSE
Ticker Symbol NEM
Full Company Profile

Financial Performance

In 2023, Newmont's revenue was $11.81 billion, a decrease of -0.86% compared to the previous year's $11.92 billion. Losses were -$2.49 billion, 481.4% more than in 2022.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for NEM stock is "Buy." The 12-month stock price forecast is $54.0, which is an increase of 40.96% from the latest price.

Price Target
$54.0
(40.96% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Into 2025: Top 8 Stocks I Own And Why (Part II)

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2 days ago - Seeking Alpha

Newmont Files Early Warning Report

DENVER--(BUSINESS WIRE)--Newmont Files Early Warning Report.

6 days ago - Business Wire

The Federal Reserve Just Gave Dividend Investors A Huge Christmas Gift

The Federal Reserve just cut rates but reduced the outlook for future rate cuts. This sent the market tumbling lower. However, I believe this is a huge gift to dividend investors.

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7 days ago - Seeking Alpha

Why The Market May Get Turned Upside Down In 2025

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8 days ago - Seeking Alpha

Newmont Announces Agreement to Divest CC&V for up to $275 Million

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) announced today that it has agreed to sell its Cripple Creek & Victor (“CC&V”) oper...

20 days ago - Business Wire

SSR Mining Announces the Acquisition of the Cripple Creek & Victor Gold Mine From Newmont

DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) is pleased to announce that it has entered into a definitive purchase agreement to acquire the Cri...

Other symbols: SSRM
20 days ago - Business Wire

Newmont: A Promising Turnaround Opportunity

Newmont has underperformed due to operational challenges, but improving efficiency and divesting non-core assets present a significant investment opportunity. Despite high All-in Sustaining Costs (AIS...

20 days ago - Seeking Alpha

Newmont: 3 Reasons For Upside After Overcorrection

Newmont Corporation's price decline is an opportunity to buy the otherwise strong stock at a discount. While earnings might have fallen short of expectations in Q3 2024, on their own they are robust, ...

26 days ago - Seeking Alpha

Newmont Corporation: Valuation Is Now More Attractive

Newmont Corporation's recent asset divestitures, including the Eleonore mine sale, are part of a strategy to optimize its portfolio and strengthen its capital position. Despite rising operational cost...

4 weeks ago - Seeking Alpha

Newmont to sell Éléonore mine for $795 million

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4 weeks ago - Kitco

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4 weeks ago - Seeking Alpha

Final Trade: Euro, IBB, SMH, NEM

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

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5 weeks ago - CNBC Television

Newmont: The Top Risk-Adjusted Gold Miner To Buy Today

Newmont is significantly undervalued, on the latest selloff to $45 per share, given the logic of substantial 2025 gold gains on a looming dollar devaluation. Extensive gold reserves, low production co...

6 weeks ago - Seeking Alpha

Is Newmont Undervalued?

Newmont Corporation (NYSE: NEM), the world's largest gold miner, has seen its stock underperform over the last month, falling by 13% compared to the S&P 500 which was up 1.5%. The decline in stock pri...

6 weeks ago - Forbes

Newmont Receives First Battery-Electric Large Mining Truck

DENVER--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont”) today announces the commissioning of its first battery-electric large mining truck at the...

2 months ago - Business Wire

Newmont Suriname Awarded U.S. Secretary of State's Award for Corporate Excellence

DENVER--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announces its operations in Suriname has been awarded with the United States of America Secreta...

2 months ago - Business Wire

Newmont Q3: Collapse Is Overstated - Consider Buying The Fear

Newmont's Q3 earnings release stunned the market as the gold miner struggled with high costs. The lowered production outlook is attributed to operational challenges in its recent acquisition. Newmont'...

2 months ago - Seeking Alpha

Newmont Cadia Awarded The Copper Mark and The Molybdenum Mark

ORANGE, Australia--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announces its Cadia operation in Orange, NSW (Australia) has achieved The Copper Mar...

2 months ago - Business Wire

Top 3 Materials Stocks That May Explode In October

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

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2 months ago - Benzinga

Newmont shares plunge 15% after missing earnings estimates amid labour cost woes

Gold miners have been struggling to capitalise on higher demand for the yellow metal as higher input and operating costs weigh.  The largest gold mining company in the world, Newmont Corp shares plung...

2 months ago - Invezz

3-Stock Lunch: IBM, UPS & Newmont Corp.

Stifel's Ron Kruszewski, joins 'Power Lunch' to discuss to stock plays for three stocks.

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2 months ago - CNBC Television

Newmont Corporation (NEM) Q3 2024 Earnings Conference Call Transcript

Newmont Corporation (NYSE:NEM) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Thomas Palmer - President and CEO Natascha Viljoen - EVP and COO Karyn Ovelmen - EVP ...

2 months ago - Seeking Alpha

Newmont: Improved Free Cash Flow Generation On The Back Of Record Gold Prices

Newmont Corporation had a satisfactory Q3 2024 operationally, though partially dragged down by another relatively soft quarter at NGM and a slower than planned ramp-up at PV 14MTPa Expansion. Meanwhil...

2 months ago - Seeking Alpha

Newmont Stock Is Dropping. Here's Why.

The gold miner's third-quarter report came up short on earnings and sales.

2 months ago - Barrons

Newmont Reports Third Quarter 2024 Results

DENVER--(BUSINESS WIRE)--Newmont Reports Third Quarter 2024 Results.

2 months ago - Business Wire