Newmont Corporation (NEM)

NYSE: NEM · Real-Time Price · USD
43.38
+0.06 (0.14%)
At close: Nov 22, 2024, 4:00 PM
43.54
+0.16 (0.37%)
After-hours: Nov 22, 2024, 7:52 PM EST
0.14%
Market Cap 49.17B
Revenue (ttm) 16.99B
Net Income (ttm) -1.21B
Shares Out 1.13B
EPS (ttm) -1.10
PE Ratio n/a
Forward PE 10.90
Dividend $1.00 (2.31%)
Ex-Dividend Date Nov 27, 2024
Volume 6,965,412
Open 43.48
Previous Close 43.32
Day's Range 43.10 - 43.79
52-Week Range 29.42 - 58.72
Beta 0.53
Analysts Buy
Price Target 52.86 (+21.85%)
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 15 analysts, the average rating for NEM stock is "Buy." The 12-month stock price forecast is $52.86, which is an increase of 21.85% from the latest price.

Price Target
$52.86
(21.85% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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1 day 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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4 days 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...

13 days 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...

16 days ago - Forbes

Newmont Files Early Warning Report

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (together with its affiliates, “Newmont” or the “Company”) announced today that Newcrest Canada Holdings Inc. (t...

17 days ago - Business Wire

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...

26 days 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...

27 days 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'...

27 days 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...

4 weeks 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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4 weeks 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...

4 weeks 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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4 weeks 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 ...

4 weeks 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...

4 weeks ago - Seeking Alpha

Newmont Stock Is Dropping. Here's Why.

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

4 weeks ago - Barrons

Newmont Reports Third Quarter 2024 Results

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

4 weeks ago - Business Wire

Orosur Mining Inc Announces Colombia Update

Orosur Mining Inc - Colombia update High grade and highly anomalous rock chip, channel and soil samples across a wide area at Pepas increase the prospectivity of the region. Historical sampling result...

Other symbols: AEM
4 weeks ago - Accesswire

Awalé Update: Newmont to Exercise 10% Minority Interest Option on the Odienné Joint Venture

Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") announces that Newmont Ventures Limited, a wholly owned subsidiary of...

5 weeks ago - Newsfile Corp

Newmont and MKS PAMP Partner to Launch Mine-to-Market Traceable Gold Bar at the Largest U.S. Wholesaler

DENVER--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) and MKS PAMP partner to offer consumers a traceable gold bar exclusively made with Newmont-mined gold...

5 weeks ago - Business Wire

Newmont to Sell Ghana Gold Mine Project for $1.0 Billion

Newmont has agreed to sell a gold mine in Ghana to a Chinese miner for $1.0 billion, the latest divestiture by the world's biggest gold miner as it turns its focus to copper.

6 weeks ago - WSJ

Newmont Announces Third Quarter 2024 Earnings Conference Call

DENVER--(BUSINESS WIRE)--Newmont Announces Third Quarter 2024 Earnings Conference Call.

7 weeks ago - Business Wire

5 Reasons Newmont Is Still A Buy

Newmont Corporation's robust price rise in 2024 is in line with the gold price rally. With the outlook for gold remaining positive, it can continue to see an uptick. Additionally, the company benefits...

7 weeks ago - Seeking Alpha

If I Could Only Buy 2 Investments For The Next Year

Between soaring geopolitical risks, macroeconomic uncertainties, and impending Fed rate cuts, the markets are in a period of rapidly shifting dynamics. While I do not tend to invest with a single-year...

Other symbols: AEMBAMBEPBEPCBNGLDGOLD
2 months ago - Seeking Alpha

Newmont Announces Agreement to Divest Telfer and Havieron for Up to $475M

DENVER--(BUSINESS WIRE)--Newmont Announces Agreement to Divest Telfer and Havieron for Up to $475M.

2 months ago - Business Wire

How I Would Invest $100,000 For Big Dividends In September 2024

I discuss which areas of the market are most opportunistic for generating high yield income right now. I share some of my top picks within those sectors. I also share how I would deploy $100,000 of ne...

2 months ago - Seeking Alpha