Newmont (NEM) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $52.70 to $53.84
• 50-Day Range: $46.40 to $55.85
• 52-Week Range: $29.42 to $56.30
• Volume: 6.11 million shs
• Average Volume: 10.36 million shs
• Market Capitalization: $61.51 billion
• P/E Ratio: N/A
• Dividend Yield: 1.87%
• Price Target: $53.31
• Consensus Rating: Moderate Buy

Newmont Stock Analysis - MarketRank™

Newmont scored higher than 90% of companies evaluated by MarketBeat, and ranked 46th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Newmont has received a consensus rating of Moderate Buy. The company's average rating score is 2.94, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Newmont has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.63%

Earnings Growth

Earnings for Newmont are expected to grow by 15.63% in the coming year, from $2.88 to $3.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Newmont is -19.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Newmont is -19.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Newmont has a PEG Ratio of 0.47. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Newmont has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.84% of the float of Newmont has been sold short.

Short Interest Ratio / Days to Cover

Newmont has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Newmont has recently increased by 24.06%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Newmont pays a meaningful dividend of 1.85%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Newmont does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Newmont will have a dividend payout ratio of 30.03% next year. This indicates that Newmont will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -6.71

Percentage of Shares Shorted

1.84% of the float of Newmont has been sold short.

Short Interest Ratio / Days to Cover

Newmont has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Newmont has recently increased by 24.06%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.81

News Sentiment

Newmont has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for Newmont this week, compared to 13 articles on an average week.

Search Interest

38 people have searched for NEM on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.

MarketBeat Follows

24 people have added Newmont to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Newmont insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,434,640.00 in company stock.

Percentage Held by Insiders

Only 0.06% of the stock of Newmont is held by insiders.

Percentage Held by Institutions

68.85% of the stock of Newmont is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NEM Stock Analysis - Frequently Asked Questions

How have NEM shares performed this year?

Newmont's stock was trading at $41.39 at the start of the year. Since then, NEM shares have increased by 28.9% and is now trading at $53.34.
View the best growth stocks for 2024 here.

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) posted its quarterly earnings results on Wednesday, July, 24th. The basic materials company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.10. The company's revenue for the quarter was up 64.1% on a year-over-year basis.
Read the conference call transcript.

Does Newmont have any subsidiaries?

Newmont subsidiaries include AC40689 Limited, Administradora de Negocios Mineros S.A. de C.V., Australian Capital Territory, Battle Mountain Resources Inc., Cayman Pampas Ltd., Con Exploration Ltd., Datawave Sciences Inc., and more.

Who are Newmont's major shareholders?

Top institutional investors of Newmont include SG Americas Securities LLC (0.07%), Handelsbanken Fonder AB (0.04%), Czech National Bank (0.02%) and Farmers Trust Co. (0.01%). Insiders that own company stock include Thomas Ronald Palmer, Peter Toth, Stephen P Gottesfeld, Robert D Atkinson, Nancy Buese, Mark David Ebel, Mark Casper, Dean Gehring, Blake Rhodes and Nancy Lipson.
View institutional ownership trends.

How do I buy shares of Newmont?

Shares of NEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 NVIDIA (NVDA), Cisco Systems (CSCO), Barrick Gold (GOLD), Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD) and AT&T (T).

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 9/30 Dividend: 9/05/2024
• Dividend Payable: 9/30/2024
• Today: 10/05/2024
• Next Earnings (Confirmed): 10/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: Gold
• Current Symbol: NYSE:NEM
• CUSIP: 65163910
• CIK: 1164727
• Web: www.newmontgoldcorp.com
• Phone: (303) 863-7414
• Fax: 303-837-5837
• Employees: 21,700
• Year Founded: 1921

Price Target and Rating

• Average Stock Price Target: $53.31
• High Stock Price Target: $65.00
• Low Stock Price Target: $40.00
• Potential Upside/Downside: -0.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.94
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.67)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 18.52
• P/E Growth: 0.47
• Net Income: $-2,494,000,000.00
• Net Margins: -13.16%
• Pretax Margin: -9.45%
• Return on Equity: 8.35%
• Return on Assets: 4.37%

Debt

• Debt-to-Equity Ratio: 0.31
• Current Ratio: 2.11
• Quick Ratio: 1.85

Sales & Book Value

• Annual Sales: $14.88 billion
• Price / Sales: 4.14
• Cash Flow: $2.95 per share
• Price / Cash Flow: 18.11
• Book Value: $25.35 per share
• Price / Book: 2.10

Miscellaneous

• Outstanding Shares: 1,153,140,000
• Free Float: 1,152,448,000
• Market Cap: $61.51 billion
• Optionable: Optionable
• Beta: 0.50