NEM - Newmont Goldcorp Corporation
| Previous Close | 38.52 |
| Open | 38.15 |
| Bid | 38.15 x 1100 |
| Ask | 38.60 x 4000 |
| Day's Range | 38.10 - 38.65 |
| 52 Week Range | 29.06 - 40.33 |
| Volume | 6,727,465 |
| Avg. Volume | 9,019,988 |
| Market Cap | 31.632B |
| Beta (3Y Monthly) | -0.15 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.14 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 0.56 (1.45%) |
| Ex-Dividend Date | 2019-09-11 |
| 1y Target Est | 44.47 |
- Business Wire
Newmont Goldcorp Announces Consent Solicitation for its 5.875% Notes due 2035
Newmont Goldcorp Corporation (NEM) (NGT.TO) (formerly known as Newmont Mining Corporation) (Newmont Goldcorp or the Company) announced today that the Company is soliciting consents (the “Consent Solicitation”) from holders (the “Holders”) of its outstanding 5.875% Notes due 2035 (the “Notes”) to effect certain Proposed Amendments (as defined herein) to the indenture governing the Notes (the “Indenture”) upon the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated August 16, 2019 (as amended or supplemented from time to time, the “Consent Solicitation Statement”). The Notes are guaranteed by Newmont USA Limited, a Delaware corporation (“Newmont USA”), and Nevada Gold Mines LLC, a Delaware limited liability company (the “JV Entity”).
- Investopedia
Newmont Goldcorp Has Rallied to a Zone of Risky Levels
The gold miner missed earnings expectations on July 25, which was the first release that included the newly integrated Goldcorp.
- Barrons.com
Buy Newmont Goldcorp Stock Because It Won’t Lag Behind Much Longer, Analyst Says
Newmont Goldcorp’s underperformance this year could reverse course as investors gain faith in the company’s turnaround, Citibank analyst Alexander Hacking told clients.
- Barrons.com
Gold’s Rally Will Help Smaller Mining Stocks Too, JPMorgan Says
Large gold miners like Newmont Goldcorp aren’t the only ones that could benefit from the rising price of gold. JPMorgan says to look at the stocks of small mining companies as well.
- GuruFocus.com
Major US Indexes Fall on Wednesday
Huya advances on quarterly results Continue reading...
- MarketWatch
Only 8 stocks in the S&P 500 are gaining ground, led by gold producer Newmont Goldcorp
The S&P 500's 2.7% plunge isn't quite unanimous, as 8 of the index's 505 components are actually gaining ground. The biggest gainer is gold producer Newmont Goldcorp Corp.'s stock , which rose 1.8%, followed by Dominion Energy Inc. shares , which tacked on 0.6%. Meawhile, the 3 biggest losers were retailer stocks, with Macy's Inc. falling 13.0%, Kohl's Corp. shedding 11.0% and Nordstrom Inc. giving up 10.5%.
- GuruFocus.com
Barrick Gold Reports 2nd-Quarter Results
The miner misses earnings, revenue expectations Continue reading...
- Investor's Business Daily
Stock Market Pounds The Bears, As Trump Delays Tariff Date And Gold Hesitates
As the stock market faltered recently, gold thrived. But positions were reversed Tuesday morning as investors turned to less bearish vehicles.
- Bloomberg
Barrick Gold CEO Eyes Massive Retrofit Through M&A, Partnerships
(Bloomberg) -- Eight months into his job, Barrick Gold Corp. CEO Mark Bristow is shopping, selling and negotiating his way through a complex portfolio of assets in a massive retrofit of the global miner.The chief executive officer of the world’s second-largest gold producer is pushing ahead with plans to sell about $1.5 billion in assets by the end of next year, while looking to buy more top-tier gold projects, in Canada and elsewhere, and invest in copper assets.After reporting positive second-quarter earnings, Bristow also flagged the possibility Newmont Goldcorp Corp., its partner in the Kalgoorlie open-pit gold mine, may be swayed to join Barrick in selling the entire Australian asset.“KCGM is for sale, straight up, we put the sign out,” Bristow said of its 50% stake in Kalgoorlie after Barrick released its second-quarter earnings statement. “Gary said to me, depending on the price he’ll sell it, buy it or partner it,” Bristow said, referring to Newmont CEO Gary Goldberg.“We would consider transactions to consolidate or divest our interest in KCGM under the right valuation terms,” Omar Jabara, a spokesman for Newmont, said by email. “Beyond that we are not able to speculate.”‘No Shortage’Goldberg has said he’d be interested in buying Barrick’s half of Kalgoorlie at the right price. During Monday’s interview, Bristow said Northern Star Resources Ltd. is “one of the front-runners” among companies that have expressed interest in Barrick’s stake.“We’ve got no shortage of interest in that asset -- it’s an icon in the gold industry,” Bristow said in an interview Monday, referring to Kalgoorlie. Barrick has engaged with Goldberg and “he needs to decide,” Bristow said.Barrick shares climbed as much as 2.9% in New York trading Monday after reporting that second-quarter revenue climbed 21% and costs this year will be at the lower end of forecasts. The company’s shares later closed 0.9% lower, trimming this year’s gain to 33%, still almost double the pace of bullion.Among countries targeted for deals, Barrick is keen to buy more mines in Canada and is actively looking for opportunities. “We’re under-invested in Canada: watch this space,” he said. “We don’t want to buy companies; we’re after assets.”To contact the reporters on this story: Danielle Bochove in Toronto at dbochove1@bloomberg.net;Vinicy Chan in Hong Kong at vchan91@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Oilprice.comWhy Gold Prices Are About To Skyrocket Even Higher
The stars seem to be aligning for gold, with the precious metal about to catch another win as the world weans itself off the dollar
Motley FoolRoyal Gold Inc (RGLD) Q4 2019 Earnings Call Transcript
RGLD earnings call for the period ending June 30, 2019.
- Zacks
Top Research Reports: Bristol-Myers, CME Group, Chubb & More
Top Research Reports: Bristol-Myers, CME Group, Chubb & More
- Zacks
Low Volatility ETFs for Turbulent Times
Investors continue to pour money into low volatility ETFs as they outperform the broader market during high volatility
- Investor's Business Daily
Gold Stocks Explainer: Trump, Yuan Spur Gold Price Surge; The Gold Investing Outlook
Gold investing can be a hedge in uncertain times. Here are some keys when deciding whether, when and how to buy gold stocks or a gold ETF.
- GuruFocus.com
Dow Stocks Turn Negative on Wednesday
Weight Watchers shares advance on strong outlook Continue reading...
- Bloomberg
Gold Tops $1,500 as Investors Seek Shelter From Gathering Storm
(Bloomberg) -- Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy.The metal advanced as much as 2.6% an ounce on the Comex to the highest since 2013. The move extends this year’s climb to 19%, with gains underpinned by inflows into exchange-traded funds and central bank purchases. China’s central bank expanded its gold reserves for an eighth straight month in July.Gold has been one of the chief beneficiaries of the turmoil in global financial markets as Washington and Beijing spar over trade. In recent days, the Trump administration threatened fresh tariffs against Chinese goods, the yuan was allowed to sink, and the U.S. branded China a currency manipulator. The stand-off has boosted the odds of more easing from the Federal Reserve. Mounting “growth worries,” prompted Goldman Sachs Group Inc. to predict prices will climb to $1,600 an ounce over the next six months.“Gold is serving its traditional role as a safe-haven asset,” said Wayne Gordon, executive director for commodities and foreign exchange at UBS Group AG’s wealth management unit. Under the bank’s risk case, marked by a further escalation of the trade fight, prices could go as high as $1,600, he said.Futures for December delivery rose 2.4% to settle at $1,519.60 an ounce at 1:30 p.m. in New York, gaining for a fourth day. Silver also surged, with futures climbing above $17 for the first time since June 2018.Miners also benefited from the rally, with AngloGold Ashanti Ltd. rising 4.8% to its highest price in more than seven years. Kinross Gold Corp., Barrick Gold Corp. and Newmont Goldcorp Corp. also soared.Lower RatesLast month, the Fed reduced borrowing costs for the first time in more than a decade, responding in part to the impact of the trade war. Lower rates boost the appeal of non-interest-bearing bullion.On Wednesday, New Zealand’s Reserve Bank shocked markets with a half-percentage point interest-rate reduction, while India’s central bank also delivered a bigger-than-expected move. Those cuts were followed by the Bank of Thailand unexpectedly lowering its benchmark interest rate for the first time in more than four years.The latest ructions have sent investors rushing to havens, pushing the world’s stockpile of negative-yielding bonds to a record, with the market value of the Bloomberg Barclays Global Negative Yielding Debt Index closing at $15.01 trillion Monday. The yield on 10-year Treasuries has tumbled.Bullion has plenty of fans among veteran investors. Mark Mobius said in July prices were poised to top $1,500 as interest rates headed lower, declaring: “I love gold.” Billionaire hedge-fund manager Ray Dalio has suggested the market may just be at the start of a period that would be very positive for gold.In addition to the challenges thrown up by the trade war, there are other risks. In Europe, investors are tracking the chances of a no-deal Brexit later this year, while there are tensions in the Middle East between Iran and the U.S.Further support for the rally has come from central-bank buying, with authorities in China, Russia, Poland and Kazakhstan all boosting holdings. That trend shows no sign of slowing, with the People’s Bank of China adding almost 10 tons to reserves in July.“We see the ongoing steep rise in the gold price as an expression of the high risk aversion among market participants,” said Daniel Briesemann, an analyst at Commerzbank AG. “Gold is quite clearly still in demand as a safe haven in the current market environment, as reflected, among other things, in continuing ETF inflows. ”\--With assistance from Krystal Chia.To contact the reporters on this story: Ranjeetha Pakiam in Singapore at rpakiam@bloomberg.net;Rupert Rowling in London at rrowling@bloomberg.net;Justina Vasquez in New York at jvasquez57@bloomberg.netTo contact the editors responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.net, ;Luzi Ann Javier at ljavier@bloomberg.net, Jake Lloyd-Smith, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
The Zacks Analyst Blog Highlights: AngloGold, Kinross Gold, Newmont and Sandstorm
The Zacks Analyst Blog Highlights: AngloGold, Kinross Gold, Newmont and Sandstorm
- Zacks
Gold Firms on Service Sector Slowdown: 4 Solid Buys
Gold prices hit a six-year high as service sector expands at the slowest pace in three years. This adds to the lure of gold mining stocks.
- Motley Fool
The 10 Biggest Gold Mining Stocks
Digging for the yellow metal is big business -- and it can add some valuable diversification to your portfolio.
Motley FoolGoldcorp Inc (GG) Q2 2019 Earnings Call Transcript
GG earnings call for the period ending June 30, 2019.
- GuruFocus.com
Take Advantage of Next Gold Price Rally With Newmont Goldcorp
The miner has several catalysts Continue reading...
- Yahoo Finance Video
Solid growth for gold
The demand for gold rose 8% in the second quarter, according to the World Gold Council. Central banks and ETF buyers helped drive that demand, taking in $2.5 billion in net new inflows thus far this year. Matthew Bartolini of State Street Global Advisors joins Yahoo Finance’s Adam Shapiro and Julie Hyman to discuss.
