Newmont Corporation (NEM)

NYSE: NEM · IEX Real-Time Price · USD
36.35
+1.10 (3.12%)
Mar 28, 2024, 12:44 PM EDT - Market open
3.12%
Market Cap 40.64B
Revenue (ttm) 11.81B
Net Income (ttm) -2.49B
Shares Out 1.15B
EPS (ttm) -2.97
PE Ratio n/a
Forward PE 18.76
Dividend $1.45 (3.99%)
Ex-Dividend Date Mar 4, 2024
Volume 6,595,839
Open 35.74
Previous Close 35.25
Day's Range 35.37 - 36.36
52-Week Range 29.42 - 52.76
Beta 0.50
Analysts Buy
Price Target 50.58 (+39.15%)
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 $50.58, which is an increase of 39.15% from the latest price.

Price Target
$50.58
(39.15% upside)
Analyst Consensus: Buy
Stock Forecasts

News

'Fabulous district to be in' - BC is the prize says Newmont CEO Tom Palmer post Newcrest deal

(Kitco News) - British Columbia was a focus of last year's mega-merger between Newmont Mining and Newcrest, says Tom Palmer, president & CEO of Newmont Mining (NYSE:NEM).

21 days ago - Kitco

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
4 weeks 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.

4 weeks 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...

5 weeks 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.

5 weeks 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.

5 weeks ago - Business Wire

Druckenmiller bets on the world's two largest gold producers

(Kitco News) - The gold market and mining equities have struggled as investors have avoided the sector like the plague; however, sentiment could shift as at least one billionaire investor sees value i...

Other symbols: GOLD
5 weeks ago - Kitco

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
6 weeks 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...

7 weeks 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...

2 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.

2 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...

2 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...

3 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
3 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...

3 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...

4 months ago - GuruFocus

Eight Beaten-Down Stocks Including Pfizer and Hasbro That Look Like Bargains

Some of the stocks dumped as funds do tax-loss selling can be attractive buys.

Other symbols: HASPFEAPTVEVRLAZMTCHSQ
4 months ago - Barrons

Midday Movers: Newmont Gains as Gold Prices Jump, Disney Declines as CEO Holds Meeting

U.S. equities were higher at midday as a gauge of consumer confidence rose in November for the first time in four months. The Dow, S&P 500, and Nasdaq were all in the green after losing ground in Mond...

Other symbols: DIS
4 months ago - Investopedia

Midday Movers: Best Buy and Lowe's Drop, Newmont and Freeport-McMoRan Gain

U.S. equities were down at midday as a string of retailers warned about consumer spending heading into the key holiday shopping season. The Dow, S&P 500, and Nasdaq all fell.

Other symbols: BBYFCXLOW
4 months ago - Investopedia

Newmont to sell mines after Newcrest acquisition: will NEM stock rise?

Denver-based mining giant Newmont Corporation (NYSE: NEM) has completed its acquisition of Australia's largest gold miner, Newcrest Mining Ltd., in a historic $19.5 billion all-stock transaction.

5 months ago - Invezz

Newmont Acquires Newcrest, Successfully Creating World's Leading Gold Mining Business

DENVER--(BUSINESS WIRE)-- #coppermining--Newmont Acquires Newcrest, Successfully Creating World's Leading Gold Mining Business.

5 months ago - Business Wire

Newmont Reports Third Quarter 2023 Results and Declares $0.40 Dividend; Remains on Track to Close the Pending Acquisition of Newcrest

DENVER--(BUSINESS WIRE)--Newmont Reports Third Quarter 2023 Results and Declares $0.40 Dividend; Remains on Track to Close the Pending Acquisition of Newcrest.

5 months ago - Business Wire

Stakeholder Identifies Two Kilometer Scale Gold in Soil, and Multiple Further Anomalies on Ballarat

Toronto, Ontario--(Newsfile Corp. - October 20, 2023) - Stakeholder Gold Corp. (TSXV: SRC) ("Stakeholder" or the "Company") is pleased to announce the results of a 5,036 soil grid and ridge and spur s...

5 months ago - Newsfile Corp

Newmont CEO's Statement on Pending Acquisition of Newcrest Achieving Legal Effectiveness in Australia

DENVER--(BUSINESS WIRE)--Newmont CEO's Statement on Pending Acquisition of Newcrest Achieving Legal Effectiveness in Australia.

5 months ago - Business Wire

Newmont Announces End of Strike at Peñasquito Mine in Mexico

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT) announces it has reached a definitive agreement (“Agreement”) with the National Union of Mine, Metal, and Allied Workers of the Mexic...

5 months ago - Business Wire