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Newmont Mining (NEM)
NYSE:NEM
Newmont Mining (NEM) Stock Price & Analysis
4,026 Followers
NEM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$29.19 - $44.65
Previous Close$43.74
Volume4.14M
Average Volume (3M)14.49M
Market Cap
$51.14B
Enterprise Value$57.20B
Total Cash (Recent Filing)$2.36B
Total Debt (Recent Filing)$8.93B
Price to Earnings (P/E)-16.3
Beta0.61
Next Earnings
Jul 24, 2024EPS Estimate
$0.54Next Dividend Ex-Date
Jun 04, 2024Dividend Yield3.31%
Share Statistics
EPS (TTM)-2.68
Shares Outstanding1,153,140,195
10 Day Avg. Volume7,963,024
30 Day Avg. Volume14,488,409
Standard Deviation0.10
R-Squared0.06
Alpha0.00721
Financial Highlights & Ratios
Price to Book (P/B)1.93
Price to Sales (P/S)15.76
Price to Cash Flow (P/CF)16.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.82
Enterprise Value/Gross Profit10.50
Enterprise Value/Ebitda15.98
Forecast
1Y Price Target
$44.64Price Target Upside0.65% Upside
Rating ConsensusHold
Number of Analyst Covering12
Newmont Mining News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceNewmont beat expectations for Q1 production, cost, and earnings which should support stronger confidence in the gold sector and its ability to generate strong free cash flows at current high gold prices.
Operational EfficiencyProduction and grades at Nevada Gold Mines are expected to increase, which should decrease costs throughout the year.
Strategic DevelopmentsThe company's strategy to integrate Newcrest assets into its portfolio shows clear confidence in achieving 'full potential' successes.
Bears Say
Dividend ConcernsNewmont's fixed base dividend of US$1.00/share per year is below market expectations.
Financial PerformanceCosts per ounce at Nevada Gold Mines are slightly above the mid-point of full-year guidance, affecting the target price.
Operational IssuesThe 120 day strike has resulted in missed production, deferring access to higher gold grades.
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Ownership Overview
0.48% Insiders
18.55% Mutual Funds
38.48% Other Institutional Investors
42.50% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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NEM FAQ
What was Newmont Mining’s price range in the past 12 months?
Newmont Mining lowest stock price was $29.19 and its highest was $44.65 in the past 12 months.
What is Newmont Mining’s market cap?
Currently, no data Available
When is Newmont Mining’s upcoming earnings report date?
Newmont Mining’s upcoming earnings report date is Jul 24, 2024 which is in 65 days.
How were Newmont Mining’s earnings last quarter?
Newmont Mining released its earnings results on Apr 25, 2024. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.359 by $0.191.
Is Newmont Mining overvalued?
According to Wall Street analysts Newmont Mining’s price is currently Undervalued.
Does Newmont Mining pay dividends?
Newmont Mining pays a Quarterly dividend of $0.25 which represents an annual dividend yield of 3.31%. See more information on Newmont Mining dividends here
What is Newmont Mining’s EPS estimate?
Newmont Mining’s EPS estimate is $0.54.
How many shares outstanding does Newmont Mining have?
Newmont Mining has 1,153,140,100 shares outstanding.
What happened to Newmont Mining’s price movement after its last earnings report?
Newmont Mining reported an EPS of $0.55 in its last earnings report, beating expectations of $0.359. Following the earnings report the stock price went up 12.461%.
Which hedge fund is a major shareholder of Newmont Mining?
Among the largest hedge funds holding Newmont Mining’s share is First Eagle Investment Management LLC. It holds Newmont Mining’s shares valued at 627M.
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Newmont Mining Stock Smart Score
Underperform
1
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10
Analyst Consensus
Hold
Average Price Target:
$44.64 (0.65% Upside)
$44.64 (0.65% Upside)
Blogger Sentiment
Bullish
NEM Sentiment 89%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 5.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 0.2%
Last 30 Days ▼ 0.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
1.53%
12-Months-Change
Fundamentals
Return on Equity
-11.08%
Trailing 12-Months
Asset Growth
44.20%
Trailing 12-Months
Company Description
Newmont Mining
Newmont Corporation is a mining company and has the world’s largest gold reserve base in the industry. It engages in the exploration and production of gold, copper, silver, zinc, and lead.
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NEM Company Deck
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NEM Earnings Call
Q1 2024
0:00 / 0:00
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NEM Revenue Breakdown
89.68% Gold
4.87% Copper
2.84% Silver
1.80% Zinc
0.81% Lead
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NEM Stock 12 Month Forecast
Average Price Target
$44.64
▲(0.65% Upside)
Technical Analysis
Best Analysts Covering NEM
1 Year
1 Year Success Rate
13/13 ratings generated profit
1 Year Average Return
+46.38%
initiated a buy rating 3 months ago
Copying Matt Murphy's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +46.38% per trade.
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