Newmont Corporation (NEM)
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]
Full Company ProfileFinancial 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 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.
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).
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.
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.
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...
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.
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.
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...
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.
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...
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...
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.
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...
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...
Bank of America: Bullish on gold into summer
The “Halftime Report” Investment Committee debate their top metal picks.
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...
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...
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...
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.
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.
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.
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.
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...
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.
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...