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TSE:NGT

Newmont (NGT) Stock Price, News & Analysis

C$68.31
-1.86 (-2.65%)
(As of 09/6/2024 ET)
Today's Range
C$68.14
C$70.75
50-Day Range
C$57.07
C$71.94
52-Week Range
C$39.96
C$72.65
Volume
144,825 shs
Average Volume
208,058 shs
Market Capitalization
C$78.56 billion
P/E Ratio
N/A
Dividend Yield
2.02%
Price Target
C$68.00

Newmont MarketRank™ Stock Analysis

Analyst Rating
Strong Buy
3.67 Rating Score
Upside/​Downside
0.5% Downside
C$68.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.81 out of 5 stars

NGT stock logo

About Newmont Stock (TSE:NGT)

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.

NGT Stock Price History

NGT Stock News Headlines

Newmont Co. (TSE:NGT) Raises Dividend to $0.34 Per Share
Newmont (TSE:NGT) Sets New 52-Week High at $71.49
Biden's Successor: The Radical Threat to YOUR Savings!
Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.
Newmont (TSE:NGT) Lifted to "Strong-Buy" at Argus
Newmont: Missed Opportunity
Newmont Corporation (NGT.TO)
Biden's Successor: The Radical Threat to YOUR Savings!
Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.
Miata Metals Signs Definitive Agreement to Acquire 79North
Newmont Reports Second Quarter 2024 Results
Newmont Is Too Cheap To Ignore
Newmont: The Giant Is About To Wake Up
Newmont Corporation (NEM)
See More Headlines
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Company Calendar

Ex-Dividend for 6/27 Dividend
6/04/2024
Dividend Payable
6/27/2024
Last Earnings
7/24/2024
Ex-Dividend for 9/30 Dividend
9/05/2024
Today
9/07/2024
Dividend Payable
9/30/2024
Next Earnings (Estimated)
10/24/2024

Industry, Sector and Symbol

Industry
Gold
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
21,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$68.00
High Stock Price Target
C$68.00
Low Stock Price Target
C$68.00
Potential Upside/Downside
-0.5%
Consensus Rating
Strong Buy
Rating Score (0-4)
3.67
Research Coverage
6 Analysts

Profitability

Net Income
C$-2,010,000,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$14.87 billion
Cash Flow
C$5.10 per share
Book Value
C$25.52 per share

Miscellaneous

Outstanding Shares
1,150,000,000
Free Float
N/A
Market Cap
C$78.56 billion
Optionable
Not Optionable
Beta
0.49
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Key Executives

  • Mr. Thomas Ronald Palmer (Age 56)
    President, CEO & Director
    Comp: $3M
  • Ms. Natascha Viljoen BEng (PrEng) (Age 54)
    EMBA, Executive VP & Chief Operating Officer
    Comp: $1.77M
  • Mr. Peter Ivan Toth BBus (IB) (Age 54)
    MIB, Executive VP & Chief Development Officer
    Comp: $1.34M
  • Mr. Joshua L. Cage (Age 49)
    Acting VP, Chief Accounting Officer & Controller
  • Mr. Francois Hardy
    Chief Technology Officer
  • Neil Backhouse
    Group Head of Investor Relations
  • Mr. Peter Wexler J.D.
    Executive VP & Chief Legal Officer
  • Ms. Jennifer Cmil (Age 53)
    Executive VP & Chief People Officer
  • Mr. Alwyn Pretorius (Age 53)
    Managing Director of Papua New Guinea
  • Mr. Dean R. Gehring (Age 55)
    Executive VP &Chief Integration Officer

Should I Buy Newmont Stock? NGT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Newmont Co.:

  • Newmont Co. stock price traded up to C$70.15 on September 2, 2024, showing positive momentum.
  • Newmont Co. has consistently increased its dividend, providing potential income for investors.
  • Analysts have raised Newmont Co.'s earnings estimates, indicating positive growth potential.
  • Newmont Co. has a strong buy consensus rating from analysts, suggesting confidence in the company's performance.
  • Newmont Co. has a market capitalization of C$80.67 billion, reflecting its size and stability in the market.

Cons

Investors should be bearish about investing in Newmont Co. for these reasons:

  • Newmont Co. has a negative return on equity of 8.09% and a negative net margin of 13.29%, indicating financial challenges.
  • The company's payout ratio is -30.65%, which may raise concerns about its dividend sustainability.
  • Newmont Co.'s stock traded down to C$65.46 on September 3, 2024, showing recent volatility.
  • The debt-to-equity ratio of Newmont Co. is high at 31.20, potentially signaling financial risk.
  • Newmont Co.'s price-to-earnings ratio is -14.68, which may raise questions about its valuation.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Newmont pros and cons to contact@marketbeat.com.

NGT Stock Analysis - Frequently Asked Questions

How have NGT shares performed this year?

Newmont's stock was trading at C$54.85 on January 1st, 2024. Since then, NGT shares have increased by 24.5% and is now trading at C$68.31.
View the best growth stocks for 2024 here
.

How were Newmont's earnings last quarter?

Newmont Co. (TSE:NGT) released its quarterly earnings results on Wednesday, July, 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.27. The company earned $6.02 billion during the quarter, compared to analysts' expectations of $4.79 billion. Newmont had a negative trailing twelve-month return on equity of 8.09% and a negative net margin of 13.29%.

How do I buy shares of Newmont?

Shares of NGT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Newmont own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Newmont investors own include Barrick Gold (ABX), Enbridge (ENB), Bristol-Myers Squibb (BMY), Cisco Systems (CSCO), Home Depot (HD), Kirkland Lake Gold (KL) and AT&T (T).

This page (TSE:NGT) was last updated on 9/7/2024 by MarketBeat.com Staff

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