NEM - Newmont Corporation

NYSE - NYSE Delayed Price. Currency in USD
49.44
+1.34 (+2.79%)
At close: 4:01PM EST
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Previous Close48.10
Open48.96
Bid49.84 x 2200
Ask49.95 x 900
Day's Range48.34 - 49.59
52 Week Range29.77 - 49.59
Volume9,432,539
Avg. Volume6,907,513
Market Cap40.533B
Beta (5Y Monthly)0.14
PE Ratio (TTM)12.97
EPS (TTM)3.81
Earnings DateApr 22, 2020 - Apr 26, 2020
Forward Dividend & Yield0.56 (1.16%)
Ex-Dividend DateMar 03, 2020
1y Target Est48.66
  • Why Newmont Can Outperform
    GuruFocus.com

    Why Newmont Can Outperform

    The US gold giant has several catalysts Continue reading...

  • Business Wire

    Newmont to Present at BMO Global Metals & Mining Conference

    Newmont to Present at BMO Global Metals & Mining Conference

  • Thomson Reuters StreetEvents

    Edited Transcript of NEM earnings conference call or presentation 20-Feb-20 3:00pm GMT

    Q4 2019 Newmont Goldcorp Corp Earnings Call

  • Reuters

    WRAPUP 2-Surging gold prices propel earnings at miners Newmont, Kirkland

    Surging gold prices propelled miners Newmont Corp and Kirkland Lake Gold Ltd to beat estimates for quarterly profit on Thursday as industry consolidation began to bear fruit for long-suffering shareholders. Gold prices marked their best annual increase since 2010 last year and are currently above $1,600 per ounce, as concerns over global economic health, low interest rates and geopolitical tensions triggered investor interest in safer assets. Newmont, Kirkland and others have snapped up rivals in a flurry of deals to replace reserves and lower costs, and are now rewarding investors by hiking payouts and buying back shares.

  • Gold Buyers Should Own Newmont - Here's Why
    TheStreet.com

    Gold Buyers Should Own Newmont - Here's Why

    If Newmont holds its monthly pivot at $47.91, the upside target is its semiannual risky level at $57.02.

  • Bloomberg

    Newmont Soars on Profit Beat With Rising Gold Providing Tailwind

    (Bloomberg) -- Newmont Corp. climbed after the world’s largest gold miner reported earnings that beat analysts’ expectations, helped by a tailwind from higher bullion prices.Miners have been sharing the windfall from stronger prices with investors in the form of higher dividends. Newmont led the pack in January with its promise of a 79% hike to $1 per share annually. The increase will take effect later in the year.Newmont is considering “other shareholder friendly actions” it might take in the future, Chief Financial Officer Nancy Buese said Thursday on the fourth-quarter earnings call. A key such action “will be to determine our appropriate level of dividend on a go forward and sustainable basis,” she said.Newmont rose as much as 6.1%, the most intraday in almost a year, while an index of senior gold miners gained as much as 1.1%. Newmont was trading up 4.2% as of 10:58 a.m. in New York, increasing its gains in the past 12 months to 36%.Adjusted fourth-quarter earnings were 50 cents a share on revenue of $2.97 billion, the Greenwood Village, Colorado-based miner said in its earnings statement. That beat analysts’ estimates for 46 cents and sales of $2.93 billion.The company’s production and cost guidance over the next five years was unchanged, solidifying its lead over rival Barrick Gold Corp.Spot gold averaged about $1,483 an ounce in the fourth quarter, 21% more than a year earlier. The metal has extended gains this year to trade above $1,600 as the coronavirus weighs on expectations for economic growth, fueling investor demand for haven assets.The rise in gold prices helped mitigate higher cost of sales at the assets it acquired through its $10 billion merger with Goldcorp Inc. last year.(An earlier version corrected revenue and the revenue estimate in sixth paragraph)To contact the reporter on this story: Danielle Bochove in Toronto at dbochove1@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Steven Frank, Reg GaleFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Newmont's (NEM) Q4 Earnings Surpass Estimates, Sales Miss
    Zacks

    Newmont's (NEM) Q4 Earnings Surpass Estimates, Sales Miss

    Newmont's (NEM) fourth-quarter results gain from increased production from the acquired Goldcorp assets and higher realized gold prices.

  • Colorado mining giant to spend $150M to roll out autonomous vehicles in 2021
    American City Business Journals

    Colorado mining giant to spend $150M to roll out autonomous vehicles in 2021

    Gold-mining giant Newmont Corp. will replace its human-driven dump trucks with self-driving haulers at a massive mine in Australia next year. The Greenwood Village-based company (NYSE: NEM) projects spending $150 million to introduce more than two dozen massive, self-driving haulers made by Peoria, Illinois-based Caterpillar Inc. at Newmont's Boddington gold mine in 2021. It will be the first use of autonomous haulers at an open pit gold mine the world, the company said Wednesday.

  • Newmont Corporation (NEM) Q4 Earnings Top Estimates
    Zacks

    Newmont Corporation (NEM) Q4 Earnings Top Estimates

    Newmont (NEM) delivered earnings and revenue surprises of 4.17% and -4.46%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Pan American Silver Earnings Mixed After PAAS Stock Breaks Out As Silver, Gold Prices Surge
    Investor's Business Daily

    Pan American Silver Earnings Mixed After PAAS Stock Breaks Out As Silver, Gold Prices Surge

    Pan American Silver, Iamgold, Newmont Mining and Kirkland Lake reported earnings. PAAS stock broke out Wednesday as silver and gold prices jump on coronavirus fears.

  • Business Wire

    Newmont Announces Full Year and Fourth Quarter 2019 Results

    Newmont Announces Full Year and Fourth Quarter 2019 Results

  • Business Wire

    Newmont Brings First Autonomous Haulage Fleet to Gold Mining Industry

    Newmont Brings First Autonomous Haulage Fleet to Gold Mining Industry

  • Newmont (NEM) to Post Q4 Earnings: What's in the Offing?
    Zacks

    Newmont (NEM) to Post Q4 Earnings: What's in the Offing?

    Benefits from higher grades and increased gold prices are likely to get reflected in Newmont's (NEM) Q4 performance.

  • GlobeNewswire

    Loncor Provides Update on Exploration Activities at Its Ngayu Project

    Loncor Resources Inc. ("Loncor" or the "Company") (TSX: "LN"; OTCQB: "LONCF") is pleased is pleased to provide an update on its activities within the Ngayu Greenstone Belt, where the Company has a dominant foot-print through its joint venture with Barrick Gold (Congo) SARL (“Barrick”) and on its own majority-owned exploration licences and exploitation concessions including the Imbo exploitation concession. The Ngayu Archean Greenstone Belt of northeastern Democratic Republic of the Congo (the “DRC”) is geologically similar to the belts which host the world class gold mines of AngloGold Ashanti/Barrick’s Kibali mine in the DRC and AngloGold Ashanti’s Geita mine in Tanzania.

  • Business Wire

    Newmont Declares Fourth Quarter 2019 Dividend of $0.14 per Share

    Newmont Declares Fourth Quarter 2019 Dividend of $0.14 per Share

  • Benzinga

    7 Ways To Invest In Gold Amid Coronavirus Fears

    The COVID-19 virus outbreak has certainly made investors uneasy, and the idea of a deadly global pandemic is cause for concern. One traditional safety trade for investors is to buy gold or gold mining ...

  • Newmont Corporation (NEM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Newmont Corporation (NEM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    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.

  • Why You Should Buy Barrick Gold Corp
    GuruFocus.com

    Why You Should Buy Barrick Gold Corp

    The North American gold giant holds great potential for future growth Continue reading...

  • Business Wire

    Newmont Reports 2019 Gold Mineral Reserves of 100 Million Ounces, Largest in Company History

    Newmont Reports 2019 Gold Mineral Reserves of 100 Million Ounces, Largest in Company History

  • Why Alacer Gold Is a Buy
    GuruFocus.com

    Why Alacer Gold Is a Buy

    The stock has shown strong performance recently Continue reading...

  • Zacks

    NASDAQ Reaches New Closing High as Rebound Continues

    NASDAQ Reaches New Closing High as Rebound Continues

  • GuruFocus.com

    US Stocks Rally on Tuesday

    Clorox jumps on second-quarter results Continue reading...

  • Top Gold Stocks for February 2020
    Investopedia

    Top Gold Stocks for February 2020

    Gold has long been regarded as a safe haven in times of market turmoil. Many investors have gained exposure to the gold industry by buying stocks of companies engaged in the exploration and mining of the precious metal.