Newmont Corporation (NEM)
| Market Cap | 46.19B |
| Revenue (ttm) | 16.99B |
| Net Income (ttm) | -1.21B |
| Shares Out | 1.13B |
| EPS (ttm) | -1.10 |
| PE Ratio | n/a |
| Forward PE | 10.99 |
| Dividend | $1.00 (2.44%) |
| Ex-Dividend Date | Nov 27, 2024 |
| Volume | 2,652,056 |
| Open | 41.64 |
| Previous Close | 42.04 |
| Day's Range | 40.91 - 41.76 |
| 52-Week Range | 29.42 - 58.72 |
| Beta | 0.52 |
| Analysts | Buy |
| Price Target | 53.58 (+30.73%) |
| Earnings Date | Feb 20, 2025 |
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 14 analysts, the average rating for NEM stock is "Buy." The 12-month stock price forecast is $53.58, which is an increase of 30.73% from the latest price.
News
Newmont Announces Sale of Porcupine Operation for up to $425 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 Porcupine operation in Ontario, Cana...
SRC Provides VLF-EM Interpretation for Skye Gold Zone
Toronto, Ontario--(Newsfile Corp. - January 21, 2025) - Stakeholder Gold Corp. (TSXV: SRC) ("Stakeholder" or the "Company") is pleased to announce results and interpretation for the VLF-EM (Very Low F...
What Drove Newmont Stock Down 33%?
Newmont Corporation (NYSE: NEM), the world's largest gold miner, has seen its stock underperform since September end, falling by 33% compared to the S&P 500 which is up 1.8%. Newmont's stock price mov...
Gold Miners Reaping A Record Cash Harvest
Cash harvesting sounds more like farming than mining, but that's the point reached by goldmining companies which are awash with cash after three years of high gold prices.
Newmont Announces Fourth Quarter and Full Year 2024 Results Conference Call
DENVER--(BUSINESS WIRE)--Newmont Announces Fourth Quarter and Full Year 2024 Results Conference Call.
World Metal & Mining ETFs - 2024 Year in Review
31.Dec.2023 - 31.Dec.2024 228 ETFs Metal ETFs, Miners ETFs, Metal and Miners Hedged & Leveraged ETFsTotal Assets (AUM) ~ $330.7 B USD Toronto, Ontario--(Newsfile Corp. - January 8, 2025) - Total asset...
Newmont Stock: A 'Once-In-A-Generation' Buy 2.0
I discussed NEM's merits as a 'Once in a generation buy' last March. The stock surged by 75% following that article until late October 2024. However, it has recently dropped by over 33%.
Stock Picks From Seeking Alpha's December 2024 New Analysts
In December, we welcomed 29 new analysts to Seeking Alpha and in this article we are showcasing their stock picks and investment strategies. Five buy picks are highlighted on Viasat, Newmont, NeuroOne...
Newmont: This Is How We Are Betting On Gold
Newmont Mining offers a quality gold mining portfolio in non-threatening jurisdictions. The stock is now down since Q3-2024 results and also funnily, down since 1995.
Gold Mining Leaders Barrick, Newmont Sink Deeper As Death Cross Looms
The glitter of gold is losing its luster for two mining giants, Barrick Gold Corp GOLD and Newmont Corp NEM, as both stocks have hit a technical Death Cross —a bearish signal when the 50-day moving av...
Newmont: A Safe Bet For My Growth-Heavy Portfolio
Newmont Corporation is a 'Strong Buy' due to its dominant position in gold mining and solid copper exposure, with favorable price forecasts for both metals. The company benefits from operational effic...
Into 2025: Top 8 Stocks I Own And Why (Part II)
2024 is going out with a bang as mystery drones, Federal Reserve hawkishness, and quantum stocks dominate headlines. It's time to look towards 2025 after another banner year for stocks. Here are four ...
Newmont Files Early Warning Report
DENVER--(BUSINESS WIRE)--Newmont Files Early Warning Report.
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.
Why The Market May Get Turned Upside Down In 2025
AI stocks have dominated the market in 2024, dragging the S&P 500 higher with them. I think the market may get turned upside down in 2025. I share why and also share some of my top picks for the new y...
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...
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...
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...
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, ...
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...
12% Yield And Big Buyback: Dividend Stocks I Am Buying Hand-Over-Fist
I love stocks that pay big dividends and buy back a lot of stock. I share some dividend stocks that meet these criteria. I detail why they are compelling buys right now.
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...