Newmont (NGT) 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: C$54.47 to C$55.07
• 50-Day Range: C$53.24 to C$81.14
• 52-Week Range: C$39.96 to C$81.16
• Volume: 53,503 shs
• Average Volume: 211,853 shs
• Market Capitalization: C$63.16 billion
• P/E Ratio: N/A
• Dividend Yield: 2.46%
• Price Target: C$56.50
• Consensus Rating: Moderate Buy

Newmont Stock Analysis - MarketRank™

Newmont scored higher than 21% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Newmont has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Newmont has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Newmont is -14.49, 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 -14.49, 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 1.43. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Newmont has a P/B Ratio of 2.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for NGT.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Newmont pays a meaningful dividend of 1.76%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for NGT.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.07

News Sentiment

Newmont has a news sentiment score of -0.07. 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 lower news sentiment than the 0.48 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Newmont this week, compared to 2 articles on an average week.

Search Interest

8 people have searched for NGT on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.

MarketBeat Follows

3 people have added Newmont to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Newmont insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.09% of the stock of Newmont is held by insiders.

Percentage Held by Institutions

73.06% of the stock of Newmont is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

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 stock has increased by 0.1% and is now trading at C$54.92.
View the best growth stocks for 2024 here.

How were Newmont's earnings last quarter?

Newmont Co. (TSE:NGT) released its quarterly earnings data on Wednesday, October, 23rd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. The company earned $6.28 billion during the quarter, compared to the consensus estimate of $5.79 billion. Newmont had a negative net margin of 13.29% and a negative trailing twelve-month return on equity of 8.09%.

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), Wheaton Precious Metals (WPM), Cenovus Energy (CVE), Enbridge (ENB), Suncor Energy (SU), Agnico Eagle Mines (AEM) and Advanced Micro Devices (AMD).

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
• Dividend Payable: 12/23/2024
• Today: 12/26/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Gold
• Sub-Industry: N/A
• Current Symbol: TSE:NGT
• CUSIP: N/A
• CIK: N/A
• Web: www.newmontgoldcorp.com
• Phone: 303-863-7414
• Fax: N/A
• Employees: 21,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$56.50
• High Stock Price Target: C$68.00
• Low Stock Price Target: C$45.00
• Potential Upside/Downside: +2.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($3.79)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 9.97
• P/E Growth: 1.43
• Net Income: C$-2,010,000,000.00
• Net Margins: -13.29%
• Pretax Margin: N/A
• Return on Equity: -8.09%
• Return on Assets: 2.79%

Debt

• Debt-to-Equity Ratio: 31.20
• Current Ratio: 2.11
• Quick Ratio: 1.77

Sales & Book Value

• Annual Sales: C$14.87 billion
• Price / Sales: 4.25
• Cash Flow: C$4.10 per share
• Price / Cash Flow: 13.40
• Book Value: C$25.52 per share
• Price / Book: 2.15

Miscellaneous

• Outstanding Shares: 1,150,000,000
• Free Float: N/A
• Market Cap: C$63.16 billion
• Optionable: Not Optionable
• Beta: 0.51