Newmont Corporation (NEM)
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]
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 $54.0, which is an increase of 40.96% from the latest price.
News
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Newmont Files Early Warning Report
DENVER--(BUSINESS WIRE)--Newmont Files Early Warning Report.
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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...
Newmont to sell Éléonore mine for $795 million
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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 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...
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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.
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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.