NEM - Newmont Mining Corporation
| Previous Close | 34.65 |
| Open | 34.78 |
| Bid | 30.45 x 1400 |
| Ask | 34.34 x 800 |
| Day's Range | 33.87 - 34.81 |
| 52 Week Range | 33.87 - 42.04 |
| Volume | 5,080,979 |
| Avg. Volume | 4,260,873 |
| Market Cap | 18.104B |
| Beta | 0.50 |
| PE Ratio (TTM) | 111.28 |
| EPS (TTM) | 0.31 |
| Earnings Date | Oct 24, 2018 - Oct 29, 2018 |
| Forward Dividend & Yield | 0.56 (1.55%) |
| Ex-Dividend Date | 2018-09-12 |
| 1y Target Est | 44.16 |
Market Realist•19 hours agoWhat Could Help Goldcorp’s Valuation Multiple Going Forward?
In the senior gold miner space, Newmont Mining (NEM) has the highest forward EV-to-EBITDA (earnings before interest, tax, depreciation, and amortization) multiple of 8.1x. Goldcorp (GG) follows it with a multiple of 6.8x. While the premiums of all the gold miners have waned relative to their historical averages due to weaker precious metal prices, GG’s production growth has remained muted for the last two years, and its costs have trended higher.
Market Realist•21 hours agoHow Does Goldcorp’s Financial Leverage Look?
At the end of Q2 2018, Goldcorp’s net debt and adjusted net debt totaled $2.4 billion and $2.3 billion, respectively. Thus, the net debt to EBITDA (earnings before interest, tax, depreciation, and amortization) for the company was closer to 1.7x during the second quarter. Now it’s focusing on the deleveraging and strengthening its balance sheet further to prepare the company for the next phase of the capital investment cycle, which is expected to start after 2020 with the buildup of the next generation of mines.
Market Realist•22 hours agoHow Will Goldcorp Push Costs below $700?
Goldcorp (GG) achieved AISC (all-in sustaining costs) of $850.00 per ounce in Q2 2018, which was 6.3% higher YoY (year-over-year) and 5.0% higher sequentially. Its AISC was also higher than its fiscal 2018 guidance of $800.00 per ounce, plus or minus 5.0%.
- Thomson Reuters StreetEvents•2 days ago
Edited Transcript of NEM earnings conference call or presentation 26-Jul-18 2:00pm GMT
Q2 2018 Newmont Mining Corp Earnings Call
Market Realist•2 days agoThese Factors Could Support Goldcorp’s Production Growth Target
Goldcorp (GG) has one of the strongest project pipelines in the industry. Goldcorp provided an update on the progress of these projects in its Q2 2018 earnings call. At Penasquito, the Pyrite Leach Project (or PLP) is 98.0% complete.
Market Realist•2 days agoWill Goldcorp’s Production Growth Take Off after Q3?
Goldcorp (GG) produced 571,000 ounces of gold in Q2 2018, a decline of ~10.0% year-over-year (or YoY). On the other hand, its Cerro Negro and Eleonore mine ramp-up partially offset the decline from the above-mentioned factors. The company should see weak production growth in the third quarter as well, as it has modified the production plan for lower mill throughput and mill acreage.
Market Realist•2 days agoWhy Goldcorp’s Strong Long-Term Outlook Is Intact despite Weak Q2
Goldcorp (GG) reported its Q2 2018 earnings on July 25, 2018, after the market closed and held its earnings conference call on July 26. It reported adjusted EPS of $0.02, which missed the consensus estimate by $0.05. Its revenues of $793 million missed the analyst estimate by ~9%. Lower production and foreign exchange currency costs were mainly responsible for the miss. The company reported that it lost $0.20 per share due to deferred tax balances. Goldcorp also missed analysts’ expectations for its Q1 2018 earnings.
- Market Realist•2 days ago
What Could Improve Costs at Iamgold’s Essakane Mine?
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? After achieving record production of 109,000 ounces in the first quarter of 2018, Iamgold’s (IAG) Essakane mine reported weaker production in the second quarter. IAG maintained its guidance for Essakane to produce 380,000–395,000 ounces of gold in 2018.
- Investopedia•2 days ago
3 Stocks That May Be Crushed by a Strong Dollar
A surging U.S. dollar is the last thing commodities such as copper and gold need, along with the companies that mine them. An analysis of the technical chart for the dollar index (DXY)—a basket to measure the value of the dollar versus other currencies, has broken out—and that could spell bad news for companies such as Vale S.A. ( VALE), Newmont Mining Corp. ( NEM) and Buenaventura Mining Co. ( BVN), causing them to plunge by as much as 20%.
Markit•4 days agoSee what the IHS Markit Score report has to say about Newmont Mining Corp.
Newmont Mining Corp NYSE:NEM
Market Realist•4 days agoWhy Iamgold’s Rosebel Mine Should Do Better in H2 2018
Iamgold’s (IAG) Rosebel mine is located in northeastern Suriname in South America. IAG owns 95% of Rosebel. In the second quarter, Rosebel’s attributable production fell 5% YoY (year-over-year) to 70,000 ounces. Lower production at the mine was mainly due to planned maintenance and an increase in hard rock blend.
Market Realist•5 days agoKey Highlights of Iamgold’s Q2 2018 Earnings
Iamgold (IAG) generated revenues of $277.4 million in Q2 2018, which represents a YoY (year-over-year) growth of 1.1%. Its higher realized prices and higher sales at its Rosebel mine were offset by lower sales volumes at its Essakane and Westwood mines. Its attributable gold production was 214,000 ounces, which was 4% lower than Q2 2017.
- Reuters•5 days ago
Peru president expects lithium, uranium mining laws passed in 6 months
Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine. Plateau said last month it had found 2.5 million tonnes of high-grade lithium resources and 124 million pounds of uranium resources at its Falchani deposit in southern Peru, and was looking for a partner in what it said could become the world's biggest lithium mine.
Market Realist•5 days agoWhy Speculative Money Positioning Hints at a Gold Rally
The CFTC (Commodity Futures Trading Commission) reports the position of major players in the futures market through its COT (Commitment of Traders) report. This report specifies the positioning of various players in the market. The report is released every Friday and shows the open interest recorded on the previous Tuesday.
- Simply Wall St.•5 days ago
Why Netmedia Spólka Akcyjna (WSE:NEM) Delivered An Inferior ROE Compared To The Industry
I am writing today to help inform people who are new to the stock market and want to begin learning the link between company’s fundamentals and stock market performance. NetmediaRead More...
- GlobeNewswire•6 days ago
New Research: Key Drivers of Growth for Tenet Healthcare, DDR, Newmont Mining, Tahoe Resources, PRA Health Sciences, and Arch Coal — Factors of Influence, Major Initiatives and Sustained Production
NEW YORK, Aug. 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Tenet ...
Market Realist•9 days agoKinross Gold’s Balance Sheet at the End of Q2 2018
Kinross Gold’s (KGC) liquidity position at the end of the second quarter wasn’t much different than it was at the end of the first quarter. It ended the second quarter with cash and cash equivalents of $918.7 million. Investors should note that this liquidity position is more significant since the company doesn’t have any debt maturity until 2021.
Market Realist•9 days agoWhat Led to Kinross Gold’s Higher Costs in the Second Quarter?
Compared to its closest peers, Kinross Gold (KGC) has been a high-cost gold producer. Higher costs make its cash flows more leveraged against changes in revenue. As a result, Kinross is highly leveraged to gold prices compared to its peers (GDX) Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining (NEM).
Market Realist•12 days agoKinross Gold’s Tasiast Expansion on Hold: What’s in the Future?
Along with its Q2 2018 results, Kinross Gold (KGC) provided an update on its organic development projects. The construction of Kinross Gold’s Tasiast Phase One expansion is complete, and its first ore has gone through a Semi-Autogenous Grinding (or SAG) mill. The company also stated that during the past month, throughput has continued to ramp up and has peaked at 12,000 tons per day. As we highlighted in Geopolitical Concerns Overwhelm Kinross Gold, Stock Plunges 11%, the company received a letter in May from the government of Mauritania about its desire to participate more in the company’s activities in the country.
Market Realist•12 days agoHere’s What Led to Weaker Production for Kinross Gold in Q2 2018
Kinross Gold (KGC) produced 602,049 gold equivalent ounces in Q2 2018, a 13% fall YoY (year-over-year). Higher production at Bald Mountain was partially offset by decline resulting from the above factors. In the Americas region, Bald Mountain’s production declined sequentially due to the timing of the ounces recovered from the heap leach pads.
Market Realist•12 days agoWhy Kinross Gold Stock Plunged despite In-Line Earnings
Kinross Gold (KGC) released its Q2 2018 results after the market closed on August 1 and held the conference call the next day. Most of Kinross’s peers have already reported their Q2 2018 results. Barrick Gold (ABX), Goldcorp (GG), and Agnico Eagle Mines (AEM) missed their earnings estimates. Agnico Eagle Mines missed its earnings estimate by a wide margin and reported EPS of $0.01.
- Reuters•12 days ago
Rising oil prices threaten to erode mining sector's profitability
Brent crude prices are up 40 percent in the past year, cheering oil industry executives but causing concern among their customers in the mining sector. The concern is especially acute for underground miners, with power and labour costs about two-thirds of their expenses. "Let's be clear: Inflation is going to hit – is hitting all communities and all players across the industry," Rio Tinto Chief Executive Jean-Sébastien Jacques told investors earlier this week after the company's profit for the first half of the year missed estimates.
- Business Wire•13 days ago
Newmont Partners with Project WET to Provide Water Education in South America and Beyond
Newmont Mining Corporation (NEM) today announced a partnership with the Project WET Foundation – a global leader in water education – to advance responsible use of water resources through community-based teacher training. This includes developing a customized curriculum for teacher training workshops beginning in Peru and Suriname where Newmont has mining operations. “We are excited to work with Newmont and our local partners to build a water education program that is relevant and meaningful for these communities,” said Dennis Nelson, Project WET Foundation President and CEO.
Market Realist•14 days agoBarrick Gold Reports Negative Free Cash Flow in Q2 2018
Free cash flow (or FCF) generation helps a business’s long-term prospects and helps generate shareholder value. Barrick Gold (ABX) has a strategy of value over volume, which prioritizes profitable production. The company defines value creation for shareholders in terms of FCF per share. Barrick Gold (ABX) generated FCF of -$172.0 million in the second quarter, which broke its streak of 12 consecutive quarters of positive FCF.
Market Realist•15 days agoBarrick Gold’s Balance Sheet Looks Strong after Q2 2018
When precious metal prices (GLD)(SLV) started sliding, stocks with high financial leverage such as Barrick Gold (ABX), Newmont Mining (NEM), and Kinross Gold (KGC) declined. Most of those assets were subsequently written off due to poor economics, infrastructure issues, and weaker precious metal prices. Barrick Gold has been focusing on reducing its debt.
