Newmont Corporation (NEM)
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]
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 StatementsAnalyst 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.
News
Final Trade: Euro, IBB, SMH, NEM
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
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...
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...
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...
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...
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...
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'...
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...
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.
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...
3-Stock Lunch: IBM, UPS & Newmont Corp.
Stifel's Ron Kruszewski, joins 'Power Lunch' to discuss to stock plays for three stocks.
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 ...
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...
Newmont Stock Is Dropping. Here's Why.
The gold miner's third-quarter report came up short on earnings and sales.
Newmont Reports Third Quarter 2024 Results
DENVER--(BUSINESS WIRE)--Newmont Reports Third Quarter 2024 Results.
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...
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...
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...
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.
Newmont Announces Third Quarter 2024 Earnings Conference Call
DENVER--(BUSINESS WIRE)--Newmont Announces Third Quarter 2024 Earnings Conference Call.
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...
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...
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.
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...