- Previous Close
45.26 - Open
45.39 - Bid 45.41 x 900
- Ask 45.50 x 1300
- Day's Range
45.14 - 45.89 - 52 Week Range
29.42 - 58.72 - Volume
7,043,438 - Avg. Volume
8,458,533 - Market Cap (intraday)
52.095B - Beta (5Y Monthly) 0.51
- PE Ratio (TTM)
-- - EPS (TTM)
-2.21 - Earnings Date Oct 23, 2024
- Forward Dividend & Yield 1.00 (2.21%)
- Ex-Dividend Date Nov 27, 2024
- 1y Target Est
59.56
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.
www.newmont.comRecent News: NEM
View MorePerformance Overview: NEM
Trailing total returns as of 11/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: NEM
View MoreValuation Measures
Market Cap
51.53B
Enterprise Value
57.57B
Trailing P/E
--
Forward P/E
7.87
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
2.95
Price/Book (mrq)
1.73
Enterprise Value/Revenue
3.39
Enterprise Value/EBITDA
24.48
Financial Highlights
Profitability and Income Statement
Profit Margin
-7.14%
Return on Assets (ttm)
4.13%
Return on Equity (ttm)
-5.16%
Revenue (ttm)
16.99B
Net Income Avi to Common (ttm)
-1.29B
Diluted EPS (ttm)
-2.21
Balance Sheet and Cash Flow
Total Cash (mrq)
3.06B
Total Debt/Equity (mrq)
30.44%
Levered Free Cash Flow (ttm)
-1.94B
Research Analysis: NEM
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Research Reports: NEM
View MoreNewmont Earnings: Benefiting From Strong Gold Prices, but Volumes Likely to Be Lower Than Expected
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
RatingPrice TargetThere are a lot of intermarket relationships that have blown up in 2024 -- and that makes the job of a technical analyst and intermarket analyst harder than normal We rely heavily on high probability intermarket correlations, both positive and negative.
There are a lot of intermarket relationships that have blown up in 2024 -- and that makes the job of a technical analyst and intermarket analyst harder than normal We rely heavily on high probability intermarket correlations, both positive and negative. But many that have worked consistently on an historical basis are breaking away from normality. There is a high negative correlation between the U.S. Dollar Index and bitcoin, gold, silver, and emerging markets. Yet since the beginning of 2023, these common relationships just aren't working. Gold took off in late 2022 as the USD was correcting. But as the greenback flattened in early 2023, gold kept rising. Even with the dollar pop over the last month, gold has continued to make all-time highs on a consistent basis. Silver traced out a bullish base from August 2020 until May 2024, a period when the dollar rose sharply, knocking silver down to $18. However, the greenback has been going sideways for almost two years, while silver busted its base and broke out on October 18. That was concurrent with dollar strength. Bitcoin has rallied since October 10, while EEM has been strong since September 10 -- and both include periods of dollar strength. Of note, the EEM (and especially Chinese ETFs and stocks) rally can be attributed to the monetary stimulus announcement by China. Finally, the usually reliable COT data has been extremely bearish for the metals, but that has fallen on its head as the smart money have missed this strength in gold and silver. Don't argue with price! (Mark Arbeter, CMT)
Global Miners: Value in Various Commodities, With Commodity Prices Supported by China Stimulus
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
RatingPrice TargetCommodity Price Update September 2024: Mineral Resources, Iluka, and Coal Miners the Cheapest
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
RatingPrice Target