Newmont Corporation (NEM)

NYSE: NEM · IEX Real-Time Price · USD
46.73
+1.03 (2.25%)
At close: Jul 26, 2024, 4:00 PM
46.86
+0.13 (0.28%)
After-hours: Jul 26, 2024, 7:06 PM EDT
2.25%
Market Cap 53.89B
Revenue (ttm) 14.88B
Net Income (ttm) -1.98B
Shares Out 1.15B
EPS (ttm) -2.72
PE Ratio n/a
Forward PE 15.19
Dividend $1.00 (2.14%)
Ex-Dividend Date Sep 5, 2024
Volume 6,739,477
Open 46.86
Previous Close 45.70
Day's Range 46.13 - 47.17
52-Week Range 29.42 - 48.97
Beta 0.49
Analysts Buy
Price Target 48.71 (+4.24%)
Earnings Date Jul 24, 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 14 analysts, the average rating for NEM stock is "Buy." The 12-month stock price forecast is $48.71, which is an increase of 4.24% from the latest price.

Price Target
$48.71
(4.24% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Newmont generates $594 million in free cash flow in Q2

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...

2 days ago - Kitco

Newmont Reports Second Quarter 2024 Results

DENVER--(BUSINESS WIRE)--Newmont Reports Second Quarter 2024 Results.

2 days ago - Business Wire

Ten Top Stocks That Can Hold Up No Matter Who Wins the Election

Investors should look for bargain quality stocks that can thrive regardless of political turmoil.

Other symbols: GDGSLULUSKXSLB
3 days ago - Barrons

Will Newmont's Q2 Results Shine On Strong Gold Pricing?

Newmont Corporation (NYSE: NEM), one of the world's largest gold miners, is expected to publish its Q2 2024 results on July 25, reporting on a quarter that saw strong gold prices. We expect revenue to...

4 days ago - Forbes

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

Other symbols: CEGCMGLNGNSIT
7 days ago - Benzinga

Mutual fund manager highlights gold mining stock as top pick

Speaking exclusively with TheStreet, Hedge fund manager Jeff Muhlenkamp highlighted Newmont as his single best trade. Muhlenkamp described Newmont as a compelling investment with significant upside po...

18 days ago - The Street

A Slow Recovery for Newmont

Newmont Corporation (NEM, Financial) released its first-quarter earnings on April 25. It was a significant quarter because the Newcrest acquisition was finalized on Nov. 6, 2023, so metals production ...

Other symbols: AEMGLDGOLDSLV
18 days ago - GuruFocus

Newmont Announces Second Quarter 2024 Earnings Conference Call

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

23 days ago - Business Wire

Newmont Welcomes Industry Veteran Red Conger to Board of Directors

DENVER--(BUSINESS WIRE)-- #Newmont--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced the appointment of Harry M. (Red) Conger to its Board of Directors, who will also ser...

4 weeks ago - Business Wire

S&P 500 Gains and Losses Today: Gold Miner Newmont Drops Along With Gold

Major U.S. equities indexes moved lower on Friday after data released by the Bureau of Labor Statistics revealed that the economy added more jobs than expected in May.

7 weeks ago - Investopedia

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.

2 months 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...

3 months ago - Investopedia

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....

3 months 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
3 months 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...

3 months 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...

3 months 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
3 months ago - Schwab Network

Newmont Announces First Quarter 2024 Earnings Conference Call

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

3 months 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
3 months 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...

4 months 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
5 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.

5 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...

5 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.

5 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.

5 months ago - Business Wire