NEM - Newmont Mining Corporation
| Previous Close | 41.06 |
| Open | 41.23 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 40.86 - 41.49 |
| 52 Week Range | 31.42 - 42.04 |
| Volume | 4,052,396 |
| Avg. Volume | 5,710,903 |
| Market Cap | 21.909B |
| Beta | 0.61 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.18 |
| Earnings Date | Apr 26, 2018 |
| Forward Dividend & Yield | 0.56 (1.36%) |
| Ex-Dividend Date | 2018-03-07 |
| 1y Target Est | 44.44 |
- Business Wire•16 hours ago
Newmont Announces Quarterly Dividend of $0.14 per Share
Newmont Mining Corporation (NEM) (Newmont or the Company) announced that its Board of Directors declared a quarterly dividend of $0.14 per share of common stock, payable on June 21, 2018, to holders of record at the close of business on June 7, 2018. The dividend of $0.14 per share is nearly three times higher than the dividend declared in the prior year quarter. The declaration and payment of future quarterly dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash requirements, future prospects and other factors deemed relevant by the Board.
- Forbes•16 hours ago
Gold Stocks Not All The Same: Here Are 2 In Up Trends And 2 The Other Way
Precious metals stocks don't all trade together: here are 4 contrasting examples.
Market Realist•22 hours agoMining Shares’ Technicals and How They’re Moving
The recent unrest in the markets has had a significant effect on precious metals and mining companies. The US dollar has a prominent role in influencing dollar-denominated precious metals and mining stocks.
- Zacks•2 days ago
What's in the Cards for Newmont (NEM) This Earnings Season?
Newmont's (NEM) Q1 results are likely to benefit from investment in growth projects amid higher production costs.
- Market Realist•3 days ago
Will US Sanctions on Russia Keep Haunting Kinross Gold in 2018?
After significantly outperforming peers in 2017, Kinross Gold (KGC) has underperformed this year. Until As of 17, Kinross’s stock had given a negative return of 9.7%—the same as Barrick Gold (ABX). Kinross’s 4Q17 results came in below expectations.
Market Realist•3 days agoCould Goldcorp’s Strong Vision Keep Its Stock Buoyant after 1Q18?
After underperforming its peers in 2017, Goldcorp’s (GG) stock has outperformed YTD (year-to-date). It’s also one of the few major gold stocks to have recorded a positive return YTD performance of 12.5% as of April 17. In comparison, the VanEck Vectors Gold Miners ETF (GDX) has fallen 1.5% while the iShares Gold Trust (GLD) has gained 3.0%. Peers Barrick Gold (ABX), Kinross Gold (KGC), and Agnico Eagle Mines (AEM) have fallen.
Market Realist•4 days agoOutlook: Newmont Mining’s Stock Momentum after 1Q18 Results
Newmont Mining (NEM) is one of the very few gold mining stocks to have given a positive return year-to-date. As of April 17, it has returned 10.9%, compared to a loss of 1.5% for the VanEck Vectors Gold Miners ETF (GDX). Its strong project pipeline is the major driver behind its consistent-to-increasing production profile.
- Market Realist•4 days ago
What to Watch for on Barrick Gold’s 1Q18 Earnings Call
Barrick Gold (ABX) generated negative returns amounting to 9.7% year-to-date (or YTD) as of April 17. The stock has significantly underperformed its close peers Goldcorp (GG), Newmont Mining (NEM), and Agnico Eagle Mines (AEM), which returned 12.5%, 10.9%, and -1.9%, respectively. The VanEck Vectors Gold Miners ETF (GDX) returned -1.5%.
- Market Realist•4 days ago
Assessing Gold Miners’ Free Cash Flow in 2018 and Beyond
Investors are typically interested in gold mining companies’ (GDX)(GDXJ) ability to generate FCF (free cash flow) because FCF helps them invest in future growth—apart from the aim of returning cash to shareholders.
Market Realist•5 days agoHow Have Miners’ Correlations with Gold Been Moving in 2018?
In this part of our series, we’ll be looking at the correlation between gold and four mining stocks: New Gold (NGD), Newmont Mining (NEM), Franco-Nevada (FNV), and Randgold Resources (GOLD). Mining stocks mostly move with gold prices but not always. Mining stocks have high correlations with gold. The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners (SGDM) also tend to have strong correlations with gold.
- Market Realist•5 days ago
Could these Gold Miners Beat Earnings Estimates in 1Q18?
We discussed analysts’ revenue estimates for gold miners in the previous part of this series. In this part, we’ll discuss what analysts expect for these gold miners’ (RING) earnings.
Market Realist•5 days agoIMF Warns about Trade Conflict, Rising Debt, and Inflation
The International Monetary Fund (or IMF) issued an update to its world economic outlook on the eve of IMF and World Bank meetings in Washington this week. The IMF warned that a major trade rift between the US and China could threaten global economic growth, which otherwise should rise solidly this year. The agency still maintained its forecast of 3.9% for global economic growth, which would be the fastest rate of growth since 2011.
- Market Realist•6 days ago
Why Haven’t Miners Kept Up as Gold Remains Buoyant?
Gold prices rose ~3% year-to-date (or YTD) after rising ~13% in 2017. Gold prices are affected by a number of factors, including rate hike expectations, trade war fears, the US dollar, and increasing volatility.
- Market Realist•6 days ago
How Market Uncertainty Affected Precious Metals
Unrest in Syria played a role in precious metals rising on Friday, April 13. The day before, Donald Trump discussed how to address a recent Syrian poison gas attack. He threatened missile strikes, which were eventually carried out, on Saturday.
- Reuters•7 days ago
Peru will not 'impose' mining projects on communities -prime minister
The government of new Peruvian President Martin Vizcarra said on Wednesday it would not "impose" mining projects on nearby communities that object to them, but would seek to promote mining investments to take advantage of improved mineral prices. In the past decade, Southern Copper Corp and Newmont Mining Corp have shelved proposed mines in Peru because of opposition from communities worried about the environmental impact - one of the biggest hurdles to building mines in the world's No. 2 copper producer. Peruvian Prime Minister Cesar Villanueva said the government would encourage mining but only approve projects that respect the environment and have support from communities.
- Forbes•7 days ago
Here Is A Classic Pattern On The Gold Price Chart, Monthly
A classic technical analysis pattern is playing out on the gold ETF chart based on the monthly prices. From the standpoint of classic technical analysis – the kind that John J. Murphy elucidates in Technical Analysis of the Financial Markets – this indicates the potential for reversal. Gold ETF chart. Since this is the case, a decent technical analyst would check for other types of indications to look for confirmation or non-confirmation.
Market Realist•8 days agoA Look at Miners’ Volatility in April 2018
The recent unrest in the markets has had a significant effect on precious metals and mining companies. The US dollar has a prominent role in influencing dollar-denominated precious metals and mining stocks.
Market Realist•8 days agoWhy Oil Prices Could Pull Gold Higher amid Increased Risks
On April 13, US crude oil (USO) May futures settled at $67.39 per barrel—the highest closing level for US crude oil active futures in more than three years. Oil prices have been climbing lately due to geopolitical tensions, which have increased worries of disruptions to supply, especially in the Middle East. New sanctions on Russia could further lift oil prices.
- Market Realist•8 days ago
Will Gold Take Cues from the Fed’s Decisions?
Overall, gold has been rising in 2018, mainly due to the geopolitical tensions that keep increasing. First, we had fears of a US-China trade war, and now we have the Syrian chemical attack and subsequent air strikes. Another crucial element is the decline of the US dollar, which we’ll look at in the next part of this series.
- Market Realist•9 days ago
How Geopolitical Tensions Could Affect Safe-Haven Assets
Geopolitical risk has been one of the major drivers for equity markets and commodities lately. In the latest development, the US, France, and the United Kingdom launched military strikes on Syria over the weekend. Since the strikes were surgical and the pullback was prompt, risk assets haven’t seen much impact from the strikes yet. However, another round of strikes or Russian retaliation could put the markets in risk-off mode.
Market Realist•12 days agoWhich Gold Miners Have Upside Potential after 1Q18
Among the senior mining companies under review in this series (GDX), Newmont Mining (NEM) is currently trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple, of 8.3x. The company’s slower production growth added to its woes in 2017. Its follow-through on its long-term vision of improving reserves, production, and unit costs by 20% each by 2021 could go a long way in further re-rating its multiple. Barrick Gold’s (ABX) higher financial leverage is still a concern for investors, and the recent issues at its Tanzanian mines have added to its woes.
- Simply Wall St.•13 days ago
Does Newmont Mining Corporation’s (NYSE:NEM) Earnings Growth Make It An Outperformer?
Increase in profitability and industry-beating performance can be essential considerations in a stock for some investors. In this article, I will take a look at Newmont Mining Corporation’s (NYSE:NEM) trackRead More...
- Market Realist•13 days ago
How Analysts’ Recommendations for Gold Miners Changed in 1Q18
On March 12, 2018, RBC (Royal Bank of Canada) downgraded Newmont Mining (NEM) to “underperform” from “sector perform,” and cut NEM’s stock price by $1 to $43. On January 16, 2018, Deutsche Bank (DB) downgraded Newmont from “buy” to “hold.” DB analyst Chris Terry believes that whereas the outlook for commodity prices seems bright, Newmont has a rich valuation and catalysts for the stock have already played out.
- Market Realist•13 days ago
Uncertainties Surround Freeport’s Indonesia Operations
Freeport-McMoRan (FCX) operates the Grasberg mine in Indonesia (EIDO) with Rio Tinto (RIO) (TRQ) as a minority partner. While the mine is a crown jewel in Freeport’s portfolio due to its vast size and attractive unit cash costs, its operations have been surrounded by uncertainties. Let’s discuss these uncertainties in perspective.
- Market Realist•13 days ago
A Look at Top Performers as Gold Equities Multiply Gold’s Gains
As gold prices remained buoyant, gold equities also rose. The VanEck Vectors Gold Miners ETF (GDX) rose 2.2% against gold’s 1.0% gain. Among the major gold equities, Yamana Gold (AUY) rose the most by 6.4%, followed by IAMGOLD (IAG), which rose 4.6%. These two stocks are more leveraged to gold prices as compared to their peers. IAG, for example, rose 148% and 41% in 2016 and 2017, respectively, against gold price gains of 8% and 13% in 2016 and 2017. Year-to-date (or YTD), AUY and IAG have returned -9.4% and -11.3%, respectively.
