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Newmont Goldcorp Corporation (NEM)

Stock Price: $56.74 USD 1.32 (2.38%)
Updated Mar 5, 2021 4:00 PM EST - Market closed
After-hours: $56.90 +0.16 (0.28%) Mar 5, 7:43 PM
Market Cap 45.41B
Revenue (ttm) 11.50B
Net Income (ttm) 2.83B
Shares Out 803.36M
EPS (ttm) 3.51
PE Ratio 16.16
Forward PE 13.85
Dividend $1.45
Dividend Yield 2.56%
Trading Day March 5
Last Price $56.74
Previous Close $55.42
Change ($) 1.32
Change (%) 2.38%
Day's Open 55.64
Day's Range 55.06 - 57.00
Day's Volume 7,920,863
52-Week Range 32.20 - 70.77

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PRNewsWire - 1 week ago

LONDON, Feb. 25, 2021 /PRNewswire/ -- A run on gold has propelled it to an all-time high in August 2020, fueled by an overheating stock market, a raging pandemic and massive stimulus packages ...

Other stocks mentioned: AUY, GOLD, KGC, KL
Zacks Investment Research - 2 weeks ago

Newmont's (NEM) Q4 earnings gain from higher realized gold prices, despite decline in gold production.

Reuters - 2 weeks ago

Newmont Corp and Barrick Gold Corp unveiled higher dividends as the world's top two gold producers share with investors the benefits of higher prices for the metal after trouncing Wall Street ...

Other stocks mentioned: GOLD
Zacks Investment Research - 2 weeks ago

Newmont (NEM) delivered earnings and revenue surprises of 11.58% and -8.27%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Forbes - 2 weeks ago

Newmont stock dropped 4.3% in the last one week and has, in fact, underperformed the S&P 500 which increased 0.7% during this period. NEM stock currently trades at almost $58 per share.

Benzinga - 2 weeks ago

Shares of Newmont (NYSE:NEM) moved higher by 2.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 112.00% year over year to $1.06, whi...

Zacks Investment Research - 2 weeks ago

Benefits of higher gold prices and strategic actions are likely to reflect on the performance of NEM and GOLD in Q4.

Other stocks mentioned: AUY, GOLD, KGC
InvestorPlace - 2 weeks ago

Demand should stay high for gold, supporting a bullish approach. Here's what you need to know and some gold stocks to keep an eye on.

Other stocks mentioned: KGC, KL, SSRM
Zacks Investment Research - 2 weeks ago

Benefits of higher gold prices and strong production are likely to reflect on Newmont's (NEM) results in the fourth quarter.

Business Wire - 3 weeks ago

DENVER--(BUSINESS WIRE)--Newmont Reports 2020 Mineral Reserves of 94 Million Gold Ounces Replacing 80 Percent of Depletion

Zacks Investment Research - 3 weeks ago

In the latest trading session, Newmont Corporation (NEM) closed at $60.42, marking a +1.89% move from the previous day.

Zacks Investment Research - 1 month ago

Newmont Corporation (NEM) closed at $59.88 in the latest trading session, marking a +0.47% move from the prior day.

Zacks Investment Research - 1 month ago

Let's delve into the earnings picture of the companies that would drive the performance of materials ETFs as these dominate their portfolio.

Other stocks mentioned: APD, DD, ECL, FMAT, IYM, LIN, VAW, XLB
Zacks Investment Research - 1 month ago

In the latest trading session, Newmont Mining (NEM) closed at $61.64, marking a -0.18% move from the previous day.

Zacks Investment Research - 1 month ago

Newmont (NEM) expects to utilize the open market repurchases to execute the program, throughout the authorization period.

Market Watch - 1 month ago

Newmont Corp. said Thursday its board has approved a share buyback program for up to $1 billion to be completed in the next 18 months. The gold and copper producer's new authorization builds o...

InvestorPlace - 1 month ago

In the last round, 36% of recipients saved the money, If you're planning the same with the second payment, here are seven stocks to buy with your stimulus check. The post 7 Stocks to Buy With ...

Other stocks mentioned: APHA, JPM, LMT, NIO, OBSV, STPK
24/7 Wall Street - 1 month ago

In the two-week short interest reporting period that ended December 31, the price of gold rose by about 6.4%.

Other stocks mentioned: AEM, FCX, GDX, GDXJ, GLD, GOLD, KGC
Accesswire - 1 month ago

LONDON, UK / ACCESSWIRE / January 12, 2021 / Orosur Mining Inc. ("Orosur" or the "Company") (TSX:OMI) ( AIM:OMI ), a South American-focused gold developer and explorer, is pleased to announce ...

Other stocks mentioned: AEM
Seeking Alpha - 2 months ago

The Rose Dividend 90+ Stock Portfolio December Review: Yield 4.7%

Other stocks mentioned: WPC
Reuters - 2 months ago

Hedge funds increased bets against major gold miners, filings reviewed by Reuters showed, as COVID-19 vaccines weakened expectations for the yellow metal after a year of record gains.

Other stocks mentioned: GOLD, KGC
Seeking Alpha - 2 months ago

Gold/silver bullion prices should benefit further in 2021 from the continuation of record Federal Reserve money printing and Treasury bond issuance to combat the coronavirus pandemic. A debase...

Other stocks mentioned: CDE, EXK, FSM, GDXJ, GLD, HL, KGC, MAG, MMX, PAAS, PPLT, SA, SILV, SLV
Seeking Alpha - 2 months ago

Barron's published 36 unique stock mentions and recommendations for 2021 into recent weekly issues. Barron's staff writers Andrew Bary and Lawrence C Strauss contributed. The 36 Barron's Bless...

Other stocks mentioned: AAPL, BXS, CADE, CIT, GS, HBAN, KO, MRK, PB, PNC, RF, STAY, TCF, WH
Market Watch - 2 months ago

Earlier this year, Berkshire Hathaway threw its heavyweight name behind Barrick Gold with an investment that flew in the face of Warren Buffett's longtime aversion to gold. The news was "earth...

Other stocks mentioned: GDX, GDXJ, GOLD
Zacks Investment Research - 2 months ago

Miners like Newmont Mining (NEM), Barrick Gold (GOLD), Alamos Gold (AGI) and Harmony Gold (HMY) surged this year on the back of higher metal prices, however, these are expected to lose momentu...

Other stocks mentioned: AGI, GOLD, HMY
Seeking Alpha - 2 months ago

I argue below that gold and silver stocks are due for a breakout in 2021. Loose central bank monetary policy and favorable gold supply-demand trends are working in gold and gold miners' favor.

Other stocks mentioned: BTG, EQX, GDX, GDXJ, KL, ODC, SAND, SGDJ
Forbes - 2 months ago

Despite rising more than 50% from its March lows of this year, at the current price of $60 per share, Newmont stock is still undervalued and seems like a good bet at the present time. Newmont'...

24/7 Wall Street - 2 months ago

In the two-week short interest reporting period that ended November 30, the price of gold slipped by about 5.6%.

Other stocks mentioned: AEM, FCX, GDX, GDXJ, GLD, GOLD, KGC
Schaeffers Research - 2 months ago

The shares of gold mining concern Newmont Corporation (NYSE:NEM) recently experienced a head-and-shoulders (H&S) breakdown on the charts, and a retest of this level looks to be failing.

Seeking Alpha - 2 months ago

Newmont Corporation (NEM) CEO Tom Palmer Hosts 2021 Investor Update Call (Transcript)

Seeking Alpha - 3 months ago

Newmont Mining just came off a record quarter in Q3 with free-cash-flow of $1.3~ billion, and increased its dividend by 60% to $1.60 per share annually. Despite these bullish developments, the...

Zacks Investment Research - 3 months ago

The commissioning of the two projects at its Musselwhite mine positions Newmont (NEM) to enhance portfolio in the long term.

OTC PR Wire - 3 months ago

The Next Leg Higher in Gold (NYSE: KGC) (NYSE: NEM) (TSXV: DLTA) (OTC: GOLHF) (NYSE: AUY)

Other stocks mentioned: AUY, KGC, GOLHF
24/7 Wall Street - 3 months ago

Gold had a scorching run earlier this year, and while some have started to exit the precious metal, there are plenty of reasons for investors to take another look now.

Other stocks mentioned: BTG, KGC, WPM
Benzinga - 3 months ago

Gold stocks could be a good way for investors to diversify their portfolios and get exposure to the commodity. Some gold miners pay dividends that also reward shareholders along the way.

Other stocks mentioned: AEM, GOLD
24/7 Wall Street - 3 months ago

In the two-week short interest reporting period that ended November 13, the price of gold added about 0.5%.

Other stocks mentioned: AEM, FCX, GDX, GDXJ, GLD, GOLD, KGC
Market Watch - 3 months ago

It can be good news for the bottom line of some U.S. multinational companies.

Other stocks mentioned: AVGO, KO, MDLZ, MRK
Seeking Alpha - 3 months ago

Gold mining stocks have been hiking dividends across the board since March, as gold mining profit margins are at all-time record highs. Newmont is leading the charge, nearly tripling its divid...

Other stocks mentioned: AEM, AU, FNV, GDX, GFI, GLD, GOLD, HL, IAU, KGC, KL, MORT, NCMGY, OXLC, OXLCM, OXLCO, UUP, WPM
CNBC Television - 3 months ago

Technician digs in on three top stocks to catch up to the metals rally

Todd Gordon of Ascent Wealth Partners on the heavy metal trade. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Bonawyn Eison

Other stocks mentioned: ALB, FCX
Zacks Investment Research - 3 months ago

Newmont (NEM) could produce exceptional returns because of its solid growth attributes.

GuruFocus - 3 months ago

Outlook for gold and silver prices

Other stocks mentioned: AG, GDX, GOLD, KGC, NG, PAAS
Business Wire - 3 months ago

DENVER--(BUSINESS WIRE)--Newmont Ranked Top Gold Miner in DJSI World Index

See It Market - 3 months ago

The recent pullback in gold held at the September low and is reversing higher. Precious metals investors hope this is a sign that Gold is ready to move higher.

Other stocks mentioned: GOLD
Zacks Investment Research - 3 months ago

Gold hit a new all-time high in 2020 and the gold mining companies have seen a surge in free cash flow. Is Wall Street ignoring them?

Other stocks mentioned: BTG, GDX, GDXJ, GOLD
24/7 Wall Street - 3 months ago

In the two-week short interest reporting period that ended October 30, the price of gold slipped by about 1.5%.

Other stocks mentioned: AEM, FCX, GDX, GDXJ, GLD, GOLD, KGC
Zacks Investment Research - 3 months ago

A Company Boosted by Higher Gold Prices and Another by Rising Demand in Home Appliance Market.

Other stocks mentioned: WHR
InvestorPlace - 3 months ago

Even with a Joe Biden electoral victory, the tensions in our country remain at a fever-pitch, indicating cynically that the narrative for gold stocks to buy is still incredibly strong. The pos...

Other stocks mentioned: FNV, GOLD, NSGCF, OPYGY, SAND, WPM
InvestorPlace - 4 months ago

With the yellow metal among this year's best-performing commodities, gold stocks are in rally mode. Here are three to buy now.

Other stocks mentioned: AU, GOLD
Zacks Investment Research - 4 months ago

Sales growth is a major indicator of a company's health and ability to sustain business. Let's check out - Tapestry (TPR), Newmont (NEM), Teradyne (TER), Aarons (AAN) & PerkinElmer (PKI) - as ...

Other stocks mentioned: AAN, PKI, TER, TPR
Zacks Investment Research - 4 months ago

Include low-beta stocks like Barrick Gold (GOLD), Newmont (NEM), NIC (EGOV), Portland (POR) and Pampa Energa (PAM) in portfolio since market braces for choppy trading.

Other stocks mentioned: EGOV, GOLD, PAM, POR

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, 2020, it had proven and probable gold reserves of 94.2 million ounces and land position of 58,900 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.

Industry
Gold
Founded
1916
CEO
Thomas Palmer
Employees
14,300
Stock Exchange
NYSE
Ticker Symbol
NEM
Full Company Profile

Financial Performance

In 2020, NEM's revenue was $11.50 billion, an increase of 18.04% compared to the previous year's $9.74 billion. Earnings were $2.83 billion, an increase of 0.86%.

Financial Statements

Analyst Forecasts

According to 21 analysts, the average rating for NEM stock is "Buy." The 12-month stock price forecast is 74.80, which is an increase of 31.83% from the latest price.

Price Target
$74.80
(31.83% upside)
Analyst Consensus: Buy