Newmont Corporation (NEM)

NYSE: NEM · IEX Real-Time Price · USD
52.98
+0.05 (0.09%)
Feb 1, 2023, 9:46 AM EST - Market open
0.09%
Market Cap 42.05B
Revenue (ttm) 12.11B
Net Income (ttm) 1.00B
Shares Out 793.74M
EPS (ttm) 1.27
PE Ratio 41.68
Forward PE 17.51
Dividend $2.20 (4.15%)
Ex-Dividend Date Dec 7, 2022
Volume 302,595
Open 52.48
Previous Close 52.93
Day's Range 52.55 - 52.98
52-Week Range 37.45 - 86.37
Beta 0.27
Analysts Buy
Price Target 55.74 (+5.21%)
Earnings Date Feb 23, 2023

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, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado. [Read more]

Industry Gold
Sector Materials
Founded 1916
Employees 14,400
Stock Exchange NYSE
Ticker Symbol NEM
Full Company Profile

Financial Performance

In 2021, Newmont's revenue was $12.22 billion, an increase of 6.31% compared to the previous year's $11.50 billion. Earnings were $1.17 billion, a decrease of -58.78%.

Financial Statements

Analyst Forecast

According to 28 analysts, the average rating for NEM stock is "Buy." The 12-month stock price forecast is $55.74, which is an increase of 5.21% from the latest price.

Price Target
$55.74
(5.21% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Gold Can Be A Glistening Addition To Your Portfolio Right Now

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5 days ago - InvestorPlace

Investors Heavily Search Newmont Corporation (NEM): Here is What You Need to Know

Recently, Zacks.com users have been paying close attention to Newmont (NEM). This makes it worthwhile to examine what the stock has in store.

6 days ago - Zacks Investment Research

The 7 Best Dividend Stocks to Buy to Beat the Market

In any market condition, it's important to hold dividend stocks in one's portfolio. These stocks provide regular cash inflow and, if valuations are attractive, meaningful capital gains.

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1 week ago - InvestorPlace

7 Stocks to Buy and Hold For a Lifetime

I always trust the idea of buying and holding quality stocks for the long term. However, with geopolitical, macroeconomic, and technological changes, a part of the portfolio needs to be dynamic.

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2 weeks ago - InvestorPlace

Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know

Newmont (NEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

2 weeks ago - Zacks Investment Research

Why a Winning Streak for Gold Could Help Miners, Too

Shares of gold miners have lagged behind the precious metal's prices over the past year.

Other symbols: GOLD
2 weeks ago - Barrons

4 Gold Stocks to Buy as the Precious Metal Trends Higher

I would look at some of the best gold stocks to buy if I had to make a call on some attractive investment themes for 2023. The U.S. dollar index peaked at 114.78 in September 2022.

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2 weeks ago - InvestorPlace

Can Gold Hedge Your Investment Portfolio in 2023?

There are several fundamental factors underlying a bullish view of gold

Other symbols: GDXGLDGOLD
3 weeks ago - Zacks Investment Research

Final Trades: GM, Home Depot, Lamar & more

The "Halftime Report" traders give their top picks to watch for the second half.

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3 weeks ago - CNBC Television

What's Happening With Newmont Stock?

The shares of Newmont Corporation (NYSE: NEM) have gained about 4% over the last month, outperforming the S&P 500 which remains down by about 4% over the same period.

1 month ago - Forbes

5 Copper Stocks For 2023 And Beyond

Copper stocks are poised to go up next year, but they could fall just as quickly. Here's what investors need to know about how to invest in copper mining in 2023 and beyond.

Other symbols: BHPFCXGOLDSCCO
1 month ago - Forbes

3 Stocks That Will Surge in 2023 as Fed Rate Hikes Continue

With the new year just around the corner, it's a good time to look at attractive stocks to buy. There need to be some portfolio adjustments based on potential monetary policy action.

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1 month ago - InvestorPlace

Newmont ranked top miner in 2022 Dow Jones Sustainability World Index

(Kitco News) - Top gold mining company Newmont (NYSE: NEM, TSX: NGT) said on Tuesday that it has joined the Dow Jones Sustainability World Index (DJSI World) for the 15th year in a row.

1 month ago - Kitco

Newmont Ranked Top Miner in 2022 Dow Jones Sustainability World Index

DENVER--(BUSINESS WIRE)--For the 15th year in a row, Newmont Corporation (NYSE: NEM, TSX: NGT) joins the Dow Jones Sustainability™ World Index (DJSI World), representing the top 10% of the largest 2...

1 month ago - Business Wire

The 7 Best Commodity Stocks to Buy for 2023

While the business news cycle tends to focus on the latest technological innovations, it's important to consider the best commodity stocks to buy for 2023 as these companies undergird said advancement...

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1 month ago - InvestorPlace

Why Is Newmont (NEM) Up 20.1% Since Last Earnings Report?

Newmont (NEM) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Newmont Corporation (NEM) Is a Trending Stock: Facts to Know Before Betting on It

Zacks.com users have recently been watching Newmont (NEM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

2 months ago - Zacks Investment Research

Newmont Announces 2023 Guidance and Fourth Quarter 2022 Results Conference Call

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that it will release its 2023 guidance and longer-term outlook, along with full year and fourth quarter 2022 operat...

2 months ago - Business Wire

Gold Rush: Newmont Corp. is Starting to Sparkle

When economic uncertainty and stock market volatility rise, gold producers like Newmont Corporation often become a popular safe haven play.

2 months ago - MarketBeat

7 Stocks for Investors Over 30 to Buy and Hold

I believe that every investor should have a portfolio that's divided into two segments. The core portfolio should have stocks that are worth holding for the long term.

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2 months ago - InvestorPlace

Newmont increases gold production in third quarter, reports net income of $213 million

(Kitco News) - Newmont (NYSE: NEM, TSX: NGT), the world's largest gold mining company, announced today that its Q3 2022 attributable gold production of 1,487 thousand ounces increased 3% from the prio...

3 months ago - Kitco

Newmont Corporation (NEM) Q3 Earnings and Revenues Lag Estimates

Newmont (NEM) delivered earnings and revenue surprises of -6.90% and 5.59%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Newmont (NEM) Misses on Q3 Earnings and Revenue Estimates

Newmont's (NEM) Q3 sales were hurt by reduced average realized metal prices and lower sales volumes.

3 months ago - Zacks Investment Research

20 dividend stocks that may be safest if the Federal Reserves causes a recession

Investors cheered when a report last week showed the economy expanded in the third quarter after back-to-back contractions.

3 months ago - Market Watch