NYSE:NEM Newmont (NEM) Stock Price, News & Analysis $53.52 +0.46 (+0.87%) (As of 09/19/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Newmont Stock (NYSE:NEM) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$52.62▼$54.3550-Day Range$45.70▼$53.7152-Week Range$29.42▼$54.93Volume10.28 million shsAverage Volume10.41 million shsMarket Capitalization$61.72 billionP/E RatioN/ADividend Yield1.87%Price Target$52.62Consensus RatingModerate Buy Company OverviewNewmont 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.Read More… Trump’s weapon lurks in abandoned America (Ad)Unemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…Go here now to watch my new documentary Newmont Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 93rd PercentileNewmont scored higher than 93% of companies evaluated by MarketBeat, and ranked 32nd out of 197 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.4 / 5Analyst RatingModerate Buy Consensus RatingNewmont has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageNewmont has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Newmont's stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth20.57% Earnings GrowthEarnings for Newmont are expected to grow by 20.57% in the coming year, from $2.82 to $3.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Newmont is -20.04, 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. SectorThe P/E ratio of Newmont is -20.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioNewmont has a PEG Ratio of 0.37. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioNewmont has a P/B Ratio of 2.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Newmont's valuation and earnings. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.48% of the float of Newmont has been sold short.Short Interest Ratio / Days to CoverNewmont has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Newmont has recently decreased by 5.80%, indicating that investor sentiment is improving significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend YieldNewmont pays a meaningful dividend of 1.89%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthNewmont does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Newmont will have a dividend payout ratio of 29.41% next year. This indicates that Newmont will be able to sustain or increase its dividend.Read more about Newmont's dividend. Sustainability and ESG0.0 / 5Environmental Score-6.71 Percentage of Shares Shorted1.48% of the float of Newmont has been sold short.Short Interest Ratio / Days to CoverNewmont has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Newmont has recently decreased by 5.80%, indicating that investor sentiment is improving significantly. News and Social Media2.7 / 5News Sentiment0.79 News SentimentNewmont has a news sentiment score of 0.79. 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 0.37 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 22 news articles for Newmont this week, compared to 13 articles on an average week.Search InterestOnly 36 people have searched for NEM on MarketBeat in the last 30 days. This is a decrease of -16% compared to the previous 30 days.MarketBeat FollowsOnly 16 people have added Newmont to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn 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 $2,744,700.00 in company stock.Percentage Held by InsidersOnly 0.06% of the stock of Newmont is held by insiders.Percentage Held by Institutions68.85% of the stock of Newmont is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Newmont's insider trading history. NEM Stock News HeadlinesStocks to Take Advantage of Rising Gold PricesFreeport-McMoRan and Newmont Gold are two firms well-positioned to benefit from a continued surge in gold prices into new record territory.September 18 at 9:12 AM | marketbeat.comGold Hits New All-Time Highs: 3 Stocks to Ride the Surge (NEM)Gold has surged 33.5% over the past year, hitting a new all-time high of $2,583.64/oz, driven recently by expectations of a Federal Reserve interest rate cut.September 17 at 10:20 AM | marketbeat.comWhy You Should NOT Trade This MarketYou'll be interested in our 5-Day Options Trading Challenge, starting September 23. So, what makes this different from every other options research you may have seen? Well, for starters... most of them want you to first BUY their service... which is usually thousands of dollars...September 19, 2024 | InvestorPlace (Ad)Peter Toth Sells 3,000 Shares of Newmont Co. (NYSE:NEM) StockSeptember 6, 2024 | insidertrades.comNewmont Corp. stock rises Thursday, still underperforms marketSeptember 19 at 8:19 PM | marketwatch.comFY2024 Earnings Estimate for Newmont Co. Issued By Raymond James (NYSE:NEM)September 14, 2024 | americanbankingnews.comAnalysts Offer Predictions for Newmont Co.'s Q3 2024 Earnings (NYSE:NEM)September 14, 2024 | americanbankingnews.comTop Stock Movers Now: Kroger, Moderna, Newmont, and MoreSeptember 13, 2024 | msn.comSee More Headlines 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 stock has increased by 29.3% and is now trading at $53.52. View the best growth stocks for 2024 here. How were Newmont's earnings last quarter? Newmont Co. (NYSE:NEM) announced its earnings results on Wednesday, July, 24th. The basic materials company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.10. The company's quarterly revenue 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 shareholders of Newmont include Van ECK Associates Corp (4.44%), Bank of New York Mellon Corp (2.01%), First Eagle Investment Management LLC (1.48%) and Legal & General Group Plc (0.70%). 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 Ex-Dividend for 6/27 Dividend6/04/2024Dividend Payable6/27/2024Last Earnings7/24/2024Ex-Dividend for 9/30 Dividend9/05/2024Today9/19/2024Dividend Payable9/30/2024Next Earnings (Estimated)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBasic Materials Industry Gold & silver ores Sub-IndustryGold Current SymbolNYSE:NEM CUSIP65163910 CIK1164727 Webwww.newmontgoldcorp.com Phone(303) 863-7414Fax303-837-5837Employees21,700Year Founded1921Price Target and Rating Average Stock Price Target$52.62 High Stock Price Target$65.00 Low Stock Price Target$40.00 Potential Upside/Downside-1.7%Consensus RatingModerate Buy Rating Score (0-4)2.88 Research Coverage16 Analysts Profitability EPS (Most Recent Fiscal Year)($2.67) Trailing P/E RatioN/A Forward P/E Ratio18.98 P/E Growth0.37Net Income$-2,494,000,000.00 Net Margins-13.16% Pretax Margin-9.45% Return on Equity8.35% Return on Assets4.37% Debt Debt-to-Equity Ratio0.31 Current Ratio2.11 Quick Ratio1.85 Sales & Book Value Annual Sales$14.88 billion Price / Sales4.15 Cash Flow$3.17 per share Price / Cash Flow16.86 Book Value$25.35 per share Price / Book2.11Miscellaneous Outstanding Shares1,153,140,000Free Float1,152,448,000Market Cap$61.72 billion OptionableOptionable Beta0.49 Social Links Should I Buy Newmont Stock? NEM Pros and Cons Explained 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 Sunday, September 8, 2024. Please send any questions or comments about these Newmont pros and cons to contact@marketbeat.com. Newmont Bull Case Here are some ways that investors could benefit from investing in Newmont Co.: Newmont Co. has shown consistent growth in its EPS, with sell-side analysts forecasting 2.82 EPS for the current fiscal year, indicating a positive earnings trend. Newmont Co. recently announced a quarterly dividend of $0.25 per share, representing a 1.93% yield, providing investors with a steady income stream. Wall Street analysts have given Newmont Co. positive ratings, with multiple analysts upgrading the stock to "buy" or "outperform," indicating confidence in the company's performance. Newmont Co.'s stock price has been trading up, showing a 2.6% increase, reflecting positive market sentiment and potential for further growth. Newmont Co. engages in the production and exploration of gold, copper, silver, zinc, and lead, offering investors exposure to a diversified portfolio of valuable metals. Newmont Bear Case Investors should be bearish about investing in Newmont Co. for these reasons: While Newmont Co. has a positive dividend yield, the dividend payout ratio is currently -37.45%, indicating that the company may be paying out more in dividends than it is earning. Market volatility and fluctuations in commodity prices, especially in the gold and metals market, can impact Newmont Co.'s stock performance, leading to potential risks for investors. Investing in mining companies like Newmont Co. carries inherent risks related to operational challenges, regulatory changes, and environmental concerns that could affect the company's profitability. Despite positive analyst ratings, the stock market is subject to uncertainties and external factors that could impact Newmont Co.'s stock price unpredictably, leading to potential losses for investors. Investors should consider the cyclical nature of the mining industry, as economic downturns or shifts in global demand for metals could impact Newmont Co.'s revenue and stock performance. This page (NYSE:NEM) was last updated on 9/19/2024 by MarketBeat.com Staff From Our PartnersSell NVDA Now?Guess who's selling NVDA next The most successful hedge fund in history quietly sold 500,000 shares. 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