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: $37.18 to $38.44
• 50-Day Range: $37.02 to $58.68
• 52-Week Range: $29.42 to $58.72
• Volume: 23.75 million shs
• Average Volume: 10.56 million shs
• Market Capitalization: $43.58 billion
• P/E Ratio: N/A
• Dividend Yield: 2.61%
• Price Target: $54.31
• Consensus Rating: Moderate Buy

Newmont Stock Analysis - MarketRank™

Newmont scored higher than 97% of companies evaluated by MarketBeat, and ranked 12th 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: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Newmont has received a consensus rating of Moderate Buy. The company's average rating score is 2.59, and is based on 7 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Newmont has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.31%

Earnings Growth

Earnings for Newmont are expected to grow by 13.31% in the coming year, from $3.08 to $3.49 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Newmont is -25.18, 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 -25.18, 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 0.35. 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 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.47% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Newmont has recently decreased by 1.76%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Newmont pays a meaningful dividend of 2.51%, 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 28.65% 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

1.47% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Newmont has recently decreased by 1.76%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.13

News Sentiment

Newmont has a news sentiment score of 1.13. 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 0.47 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Newmont this week, compared to 14 articles on an average week.

Search Interest

Only 42 people have searched for NEM on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.

MarketBeat Follows

Only 26 people have added Newmont to their MarketBeat watchlist in the last 30 days. This is a decrease of -28% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Newmont insiders have sold 209.14% more of their company's stock than they have bought. Specifically, they have bought $400,341.00 in company stock and sold $1,237,630.00 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 beginning of the year. Since then, NEM shares have decreased by 7.5% and is now trading at $38.28.
View the best growth stocks for 2024 here.

How were Newmont's earnings last quarter?

Newmont Co. (NYSE:NEM) announced its quarterly earnings data on Wednesday, October, 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by $0.05. Newmont's revenue was up 84.7% on a year-over-year basis.
Read the conference call transcript.

Does Newmont have any subsidiaries?

The following companies are subsidiaries of Newmont: 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 others.

Who are Newmont's major shareholders?

Top institutional shareholders of Newmont include Van ECK Associates Corp (4.30%), State Street Corp (4.29%), Geode Capital Management LLC (2.06%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.71%). Insiders that own company stock include Thomas Ronald Palmer, Peter Toth, Stephen P Gottesfeld, Robert D Atkinson, Nancy Buese, Mark David Ebel, Mark Casper, Harry M Iv Conger, 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 Humana (HUM), Verizon Communications (VZ), American Water Works (AWK), NVIDIA (NVDA), Waste Connections (WCN), Voyager Therapeutics (VYGR) and Meta Platforms (META).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/05/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/23/2024
• Ex-Dividend for 12/23 Dividend: 11/27/2024
• Today: 12/22/2024
• Dividend Payable: 12/23/2024
• 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: $54.31
• High Stock Price Target: $63.00
• Low Stock Price Target: $45.00
• Potential Upside/Downside: +41.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.59
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.52)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 12.43
• P/E Growth: 0.35
• Net Income: $-2,494,000,000.00
• Net Margins: -7.03%
• Pretax Margin: -3.41%
• Return on Equity: 9.80%
• Return on Assets: 5.18%

Debt

• Debt-to-Equity Ratio: 0.30
• Current Ratio: 1.96
• Quick Ratio: 1.73

Sales & Book Value

• Annual Sales: $16.99 billion
• Price / Sales: 2.57
• Cash Flow: $2.86 per share
• Price / Cash Flow: 13.37
• Book Value: $25.35 per share
• Price / Book: 1.51

Miscellaneous

• Outstanding Shares: 1,138,450,000
• Free Float: 1,137,767,000
• Market Cap: $43.58 billion
• Optionable: Optionable
• Beta: 0.49