Newmont Corporation (NEM)

NYSE: NEM · IEX Real-Time Price · USD
41.23
-1.16 (-2.74%)
At close: May 23, 2024, 4:00 PM
41.51
+0.28 (0.68%)
Pre-market: May 24, 2024, 8:09 AM EDT
-2.74%
Market Cap 47.54B
Revenue (ttm) 13.16B
Net Income (ttm) -2.68B
Shares Out 1.15B
EPS (ttm) -3.27
PE Ratio n/a
Forward PE 15.42
Dividend $1.00 (2.43%)
Ex-Dividend Date Jun 4, 2024
Volume 8,141,775
Open 41.88
Previous Close 42.39
Day's Range 41.00 - 41.98
52-Week Range 29.42 - 45.92
Beta 0.49
Analysts Buy
Price Target 48.08 (+16.61%)
Earnings Date Apr 25, 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 13 analysts, the average rating for NEM stock is "Buy." The 12-month stock price forecast is $48.08, which is an increase of 16.61% from the latest price.

Price Target
$48.08
(16.61% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Silver, Gold, And Copper Breakout, Wall Street's Last Bear Throws In The Towel - Newmont (NYSE:NEM)

To gain an edge, this is what you need to know today.

3 days ago - Benzinga

S&P 500 Gains and Losses Today: Newmont Stock Shines Amid Strong Gold Production

Major U.S. equities indexes tumbled as data showed a slowdown in economic growth and an uptick in inflation in the first quarter. The combination of sluggish growth and persistent inflation added to u...

4 weeks ago - Investopedia

Newmont delivers solid earnings as it sees average gold prices above $2000 in Q1

(Kitco News) - Sold production and a significant jump in gold prices helped to drive robust earnings as the world's biggest gold producer beat first-quarter expectations.Thursday, before the North Ame...

4 weeks ago - Kitco

Newmont Reports First Quarter 2024 Results

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced first quarter 2024 results and declared a first quarter dividend of $0....

4 weeks ago - Business Wire

Newmont and Barrick Shares Are Down. Gold Prices Slide on Waning War Worries.

Gold is on track for its worst one-day decline since Feb. 3, 2023.

Other symbols: GOLD
4 weeks ago - Barrons

Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer

DENVER--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced the appointment of Francois Hardy as Chief Technology Officer (CTO). Francois will jo...

4 weeks ago - Business Wire

Newmont Publishes 2023 Sustainability Report and 2023 Tax & Royalties Report

DENVER--(BUSINESS WIRE)-- #coppermining--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today published its 2023 Sustainability Report and its 2023 Taxes and Royalties Contributions Re...

5 weeks ago - Business Wire

AG, AAPL, NEM: Stocks to Watch

First Majestic (AG), Apple (AAPL), and Newmont (NEM) are today's big three stock. Tom O'Brien and Ben Lichtenstein discuss the technical trends, as well as how to trade these names.

Other symbols: AAPLAG
5 weeks ago - Schwab Network

Newmont Announces First Quarter 2024 Earnings Conference Call

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

6 weeks ago - Business Wire

Gold's Rally Is Still On. What That Means for Gold Miners.

The price of gold should continue to rise because investors buy it as a hedge against inflation.

Other symbols: GDXJ
6 weeks ago - Barrons

Newmont Completes $20 Million Global Community Support Fund, Partnering with Communities for Greater Resilience Post-Pandemic

DENVER--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) proudly announces the successful completion of the $20 million Global Community Support Fund (the Fun...

7 weeks ago - Business Wire

Top 3 Materials Stocks That Are Preparing To Pump This quarter - Arcadium Lithium (NYSE:ALTM), Lifezone Metals (NYSE:LZM)

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

Other symbols: ALTMLZM
3 months ago - Benzinga

Newmont CEO on Share Buybacks, Copper Projects

Newmont Corp. CEO Tom Palmer says the company's stock is at a once-in-a-generational price. He also says there are very big copper and gold projects on the way.

3 months ago - Bloomberg Markets and Finance

Newmont Completes COO Transition

DENVER--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) announces today the completion of its Chief Operating Officer (COO) transition following a five-month...

3 months ago - Business Wire

Newmont Announces 2023 Mineral Reserves for Integrated Company of 136 Million Gold Ounces with Robust Copper Optionality of 30 Billion Pounds

DENVER--(BUSINESS WIRE)--Newmont Announces 2023 Mineral Reserves for Integrated Company of 136 Million Gold Ounces with Robust Copper Optionality of 30 Billion Pounds.

3 months ago - Business Wire

Newmont Reports Fourth Quarter and Full Year 2023 Results; Provides 2024 Outlook for Integrated Company

DENVER--(BUSINESS WIRE)--Newmont Reports Fourth Quarter and Full Year 2023 Results; Provides 2024 Outlook for Integrated Company.

3 months ago - Business Wire

Top 5 Materials Stocks That May Explode This Month - Air Products & Chemicals (NYSE:APD), Axalta Coating Sys (NYSE:AXTA)

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

Other symbols: APDAXTABERYUSGO
3 months ago - Benzinga

Newmont and Project C.U.R.E. – Two Decades of Partnership Delivering Global Medical Support

DENVER--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) and Project C.U.R.E. announce a five-year agreement to deliver medical supplies and life-saving train...

3 months ago - Business Wire

Newmont Strengthens Leadership Team with Appointment of Industry Leader Peter Wexler as Chief Legal Officer

DENVER--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced the appointment of Peter Wexler as Chief Legal Officer. Peter will join Newmont's Exe...

4 months ago - Business Wire

Newmont Announces Fourth Quarter 2023 Results and 2024 Guidance Conference Calls

DENVER--(BUSINESS WIRE)--Newmont Announces Fourth Quarter 2023 Results and 2024 Guidance Conference Calls.

4 months ago - Business Wire

Dryden Gold Corp. Provides Exploration Update and Welcomes Rob McEwen as a New Shareholder

Vancouver, British Columbia--(Newsfile Corp. - January 12, 2024) - Dryden Gold Corp. (TSXV: DRY) ("Dryden Gold" or the "Company") is pleased to provide an update for its 2023 and 2024 exploration prog...

4 months ago - Newsfile Corp

Awale Commences New Diamond Drill Program at the Odienné Copper-Gold Project, Secures Additional JV Funding with Newmont

Highlights: 4,000 metre drill program on Awalé's Odienné now underway Awalé secured an additional USD 750,000 in joint venture funding from Newmont Corporation Final Drill results from Odienné's Summe...

5 months ago - Newsfile Corp

Bank of America: Bullish on gold into summer

The “Halftime Report” Investment Committee debate their top metal picks.

Other symbols: GLDWPM
5 months ago - CNBC Television

Metallic Minerals Completes 2023 Exploration Program at the La Plata Project in Colorado, USA

VANCOUVER, BC / ACCESSWIRE / December 13, 2023 / Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF) ("Metallic Minerals" or the "Company") is pleased to announce the completion of 2023 field activities a...

5 months ago - Accesswire

Gold's Rally Improves Newmont's Prospects Heading Into 2024

Gold prices have shot up recently. On the final Tuesday of November, the yellow metal enjoyed one of its best sessions in months while the widely followed VanEck Vectors Gold Miners ETF (GDX, Financia...

6 months ago - GuruFocus