NEM - Newmont Goldcorp Corporation
37.49 +0.12 (0.32%)
Pre-Market: 9:16AM EST
| Previous Close | 36.90 |
| Open | 37.03 |
| Bid | 37.49 x 800 |
| Ask | 37.70 x 2200 |
| Day's Range | 37.03 - 37.63 |
| 52 Week Range | 29.77 - 41.23 |
| Volume | 4,214,293 |
| Avg. Volume | 6,687,303 |
| Market Cap | 30.637B |
| Beta (3Y Monthly) | -0.04 |
| PE Ratio (TTM) | 11.08 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.56 (1.52%) |
| Ex-Dividend Date | 2019-12-04 |
| 1y Target Est | N/A |
- MarketWatch
Sales winners in the third quarter include Netflix, Autodesk and PayPal
Plenty of companies have produced double-digit sales increases and wider margins during an otherwise dismal earnings season.
- Investopedia
Top Materials Stocks for November 2019
The materials sector includes companies that manufacture of raw materials which are used across many other sectors and industries. Materials stocks include manufacturers of products as varied as plastic, fertilizer, paper, concrete, metals, and more. Some prominent names in the materials sector include fertilizer producer Mosaic Company (MOS) and paper product maker Mercer International Inc. (MERC).
- Zacks
Franco-Nevada (FNV) Q3 Earnings & Revenues Surpass Estimates
Franco-Nevada Corporation (FNV) reports stellar third-quarter revenues and earnings on record Gold Equivalent Ounces sold, higher gold prices and Cobre Panama starting commercial production.
- Investopedia
Gold ETFs Approach Support After Sell-Off
Here's why gold prices may regain their luster this week. Explore these three gold ETF trading ideas.
- Thomson Reuters StreetEvents
Edited Transcript of NEM earnings conference call or presentation 5-Nov-19 4:00pm GMT
Q3 2019 Newmont Goldcorp Corp Earnings Call
- Barrons.com
Gold Prices Fall to Their Lowest in Three Months. Here’s Why.
Gold prices have fallen to their lowest level in three months, hurt by rising global interest rates and the recent strength in the U.S. dollar. Gold was down $9.45, to $1,459 an ounce Friday, leaving it almost $100, or 6%, below its high in early September of $1,552. The drop in gold prices has hit gold mining shares with the exchange-traded fund (GDX) down 15 cents to $26.34 Friday.
- Bloomberg
Barrick's Dividend Boost Looks Like a Harbinger for the Gold Industry
(Bloomberg) -- Bullion giant Barrick Gold Corp. pleasantly surprised the market by raising its dividend 25%. Will the move portend a new era of largess from the normally tightfisted gold miners?There are certainly reasons for investors to be hopeful. Producers have been striving to cut costs and consolidate operations, while the price of gold has climbed over 20% in the past year to hover around $1,500 an ounce. Barrick’s move Wednesday was echoed a few hours later when Canadian rival Kirkland Lake Gold Ltd. raised its quarterly payout 50%. B2Gold Corp. preceded both by announcing its first-ever dividend a day earlier.“The companies are positioned to start to pay dividends and give more back to shareholders,” Joe Foster, a portfolio manager and strategist at VanEck, said by phone Wednesday. “It happens to coincide with the rising gold price, so you’re getting to see more aggressive moves on the dividends front than we would have seen if gold was $100 or $200 lower.”Gold miners trimmed costs following the sharp decline of the metal’s price toward the start of the decade. Barrick and B2Gold are both expecting costs this year to come in at or below the lower end of company guidance.Barrick rose Wednesday in New York trading, ending the day up 2.2%. The shares were down 0.4% at 9:24 a.m. pre-market on Thursday as gold prices fell. Kirkland Lake gained 2.8% in Toronto Wednesday, while B2Gold climbed 4%.Not all producers have embraced increased payouts this earnings season. On Tuesday Newmont Goldcorp Corp., the world’s largest gold producer, held its dividend steady as it grapples with integrating problematic assets acquired in its mega-merger with Goldcorp Inc.In an interview after assuming the role of chief executive officer Oct. 1, Newmont’s Tom Palmer used a common phrase in the gold industry: capital allocation discipline. For Palmer, that means the first focus will be paying down debt, then funding projects, and finally increasing dividends.A disciplined approach should continue to translate to shareholder returns, says Stephen Walker, RBC Capital Markets’ head of global mining research.“Shareholders have been asking companies to be more disciplined,” Walker said by phone Wednesday. “The ability to return a portion of excess capital to shareholders” is evidence of their improved cost performance, he said.(Updates with shares in fifth paragraph.)To contact the reporter on this story: Justina Vasquez in New York at jvasquez57@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Steven Frank, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- GuruFocus.com
Wall Street Relatively Stable Tuesday
Shake Shack sinks 19% after reporting 3rd-quarter results Continue reading...
- Bloomberg
Newmont Sags Most in 9 Months After Cutting Gold-Output Forecast
(Bloomberg) -- Newmont Goldcorp Corp. fell the most since January as prices of the metal slid and the miner reduced its full-year production forecast amid glitches at assets acquired in its merger with Goldcorp Inc.Shares of the world’s largest gold-mining company fell 4.7% to $37.06 at 11:28 a.m. in New York. The stock dropped as much as 5.8%, the most intraday since Jan. 14. Bullion prices also weighed on shares, with the metal heading for its biggest loss in more than a month.Production is expected to be 6.3 million ounces in 2019, Newmont said in its third-quarter earnings statement on Tuesday. The miner had said last month it expects output of 6.5 million ounces. The outlook was affected by snags at Goldcorp assets, including blockades at the Penasquito mine in Mexico and a conveyor fire at Musselwhite in Canada.The projection may fuel investor concerns over the mega-merger. Chief Executive Officer Tom Palmer took the helm last month, inheriting a company saddled by growing pains as it integrates Goldcorp assets. Those challenges dragged Newmont’s adjusted second-quarter profit to just about half of what analysts were expecting.For the third quarter, the company reported adjusted earnings of 36 cents a share, missing the average analyst estimate of 37 cents.“We are cautious on Newmont due to headwinds from asset integration of the underperforming Goldcorp assets, which we believe will outweigh positive news flow from potential synergies,” CIBC analysts including Anita Soni said in a note.\--With assistance from Vinicy Chan.To contact the reporters on this story: Laura Millan Lombrana in Santiago at lmillan4@bloomberg.net;Aoyon Ashraf in Toronto at aashraf7@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Newmont Goldcorp (NEM) Earnings & Sales Lag Estimates in Q3
Newmont Goldcorp's (NEM) gold production in North America surges 296% in Q3. The company expects attributable gold production for 2019 to be 6.3 million ounces.
- TheStreet.com
Newmont Goldcorp Shares Fall After Weaker-Than-Expected Earnings
Shares of Newmont Goldcorp fell Tuesday after third-quarter earnings for the world's largest goldminer missed analysts' expectations. Earnings adjustments included a gain on the formation of Nevada Gold Mines, transaction costs associated with the Newmont Goldcorp transaction, tax and valuation allowance adjustments, changes in the fair value of investments, and reclamation and remediation charges, Newmont Goldcorp said. Nevada Gold Mines is a joint venture between Newmont Goldcorp and Barrick Gold, which officially began July 1.
- Zacks
Newmont Goldcorp (NEM) Q3 Earnings and Revenues Miss Estimates
Newmont (NEM) delivered earnings and revenue surprises of -10.00% and -10.07%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Reuters
UPDATE 1-Newmont Goldcorp profit misses on higher costs, cuts production target
Newmont Goldcorp missed Wall Street estimates for quarterly profit due to higher costs and the world's biggest gold miner cut its annual output target on Tuesday as production remained suspended at one of its largest mines in Mexico. The company said it expects attributable production for the year to be 6.3 million ounces, down from a prior forecast of 6.5 million ounces. The gold miner had said in October a blockade that had restricted production and exports of lead and zinc concentrates from its Penasquito mine in Mexico has been lifted, though operations still remained suspended.
- Oilprice.com
The 5 Most Promising Gold Companies For 2020
After a difficult 2018, gold stocks are poised to rebound this year and as the ‘peak gold’ narrative grows stronger, there are 5 gold stocks that every investor should keep an eye on
- Zacks
Mining Stock Earnings Slated on Nov 5: NEM, ARNC, BTG, SSRM
Let's take a look at how these mining companies are poised ahead of their earnings release.
- Zacks
Newmont Goldcorp (NEM) to Post Q3 Earnings: What's in Store?
Our proven model doesn't conclusively predict an earnings beat for Newmont Goldcorp (NEM) this time around.
- Zacks
Newmont Goldcorp (NEM) Reports Next Week: Wall Street Expects Earnings Growth
Newmont (NEM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Investopedia
Ready for Launch
Stocks closed at their old highs as bonds continue to lag, while gold is on the rise, lifting gold miners along the way.
- American City Business Journals
See where the 25 highest-paid Colorado CEOs went to college (Photos)
Some of the highest-earning CEOs of Colorado public companies hold degrees from Ivy League schools. But they're far from the norm.
- Zacks
Dow (DOW) Warms Up to Q3 Earnings: What's in the Offing?
Our proven model does not conclusively predict that Dow (DOW) is likely to beat the Zacks Consensus Estimate this quarter.
- Zacks
Eastman Chemical (EMN) to Post Q3 Earnings: What's in Store?
Our proven model does not conclusively predict that Eastman Chemical (EMN) is likely to beat the Zacks Consensus Estimate in Q3.
- Zacks
Cabot's New TECHBLAK 85 Series to Meet Sustainability Needs
Cabot (CBT) unveils new black masterbatch series, designed to minimize industry's carbon footprint and advance circular economy of plastic raw materials.
- Zacks
Will Lower Steel Prices Hurt Nucor's (NUE) Earnings in Q3?
Weaker U.S. steel prices are likely to have hurt Nucor's (NUE) profitability in Q3.
- Zacks
Is Newmont Mining (NEM) Outperforming Other Basic Materials Stocks This Year?
Is (NEM) Outperforming Other Basic Materials Stocks This Year?
