NEM - Newmont Goldcorp Corporation

NYSE - NYSE Delayed Price. Currency in USD
36.90
+0.19 (+0.52%)
At close: 4:01PM EST
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Previous Close36.71
Open36.80
Bid0.00 x 1000
Ask0.00 x 3100
Day's Range36.48 - 37.12
52 Week Range29.77 - 41.23
Volume4,168,175
Avg. Volume6,802,452
Market Cap30.252B
Beta (3Y Monthly)-0.04
PE Ratio (TTM)10.94
EPS (TTM)3.37
Earnings DateNov 5, 2019
Forward Dividend & Yield0.56 (1.53%)
Ex-Dividend Date2019-12-04
1y Target Est48.84
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    Gold ETFs Approach Support After Sell-Off

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  • Business Wire

    Newmont Goldcorp Announces 2020 Guidance Webcast

    Newmont Goldcorp Corporation today announced it will release its 2020 guidance and updated longer-term outlook before the market opens on Monday, December 2, 2019 and will hold a conference call at 10:00 a.m.

  • 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.

  • Barrick's Dividend Boost Looks Like a Harbinger for the Gold Industry
    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.

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    Wall Street Relatively Stable Tuesday

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  • Newmont Sags Most in 9 Months After Cutting Gold-Output Forecast
    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.

  • Newmont Goldcorp (NEM) Earnings & Sales Lag Estimates in Q3
    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.

  • Newmont Goldcorp (NEM) Q3 Earnings and Revenues Miss Estimates
    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.

  • Business Wire

    Newmont Goldcorp Announces Third Quarter 2019 Results

    Newmont Goldcorp Corporation today announced third quarter 2019 results.

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    The 5 Most Promising Gold Companies For 2020

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  • Mining Stock Earnings Slated on Nov 5: NEM, ARNC, BTG, SSRM
    Zacks

    Mining Stock Earnings Slated on Nov 5: NEM, ARNC, BTG, SSRM

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  • Newmont Goldcorp (NEM) to Post Q3 Earnings: What's in Store?
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    Newmont Goldcorp (NEM) to Post Q3 Earnings: What's in Store?

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  • Newmont Goldcorp’s Quecher Main Project in Peru Achieves Commercial Production
    Business Wire

    Newmont Goldcorp’s Quecher Main Project in Peru Achieves Commercial Production

    Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) today announced that the Quecher Main project at Yanacocha in Peru achieved commercial production safely, ahead of schedule and under budget. Quecher Main extends the life of the Yanacocha operation to 2027, contributing average annual gold production of approximately 200,000 ounces from 2020 through 2024 at all-in sustaining costsii between $900 and $1,000. The project is expected to generate an internal rate of return of approximately 15 percent at a $1,200 gold price.

  • Newmont Goldcorp (NEM) Reports Next Week: Wall Street Expects Earnings Growth
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    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.

  • GlobeNewswire

    Loncor Announces Appointment of Peter Cowley as President and MINECON as Geological Consultants to Advance Ngayu Gold Project

    TSX: "ABX") as joint venture partner and a second major gold producer, Resolute Mining Limited (ASX/LSE: "RSG"), as a 27% shareholder, is pleased to announce the appointment of Peter Cowley as President of the Company and Minecon Resources and Services Limited as geological consultants. Mr. Cowley is a geologist with over 40 years’ experience in the minerals industry and a history of major exploration successes in Africa, including the DRC.

  • Ready for Launch
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    Stocks closed at their old highs as bonds continue to lag, while gold is on the rise, lifting gold miners along the way.

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  • Newmont Goldcorp to Add Profitable Gold Production through Second Expansion at Tanami in Australia
    Business Wire

    Newmont Goldcorp to Add Profitable Gold Production through Second Expansion at Tanami in Australia

    Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) announced today that its Board of Directors unanimously approved advancing the Tanami Expansion 2 project into the execution phase. The project is expected to exceed the Company’s required internal rate of return with profitable production and mine life extending beyond 2040. “The approval of our second expansion project at Tanami in Australia will further improve costs and extend the life of this world class mine in a core Newmont Goldcorp jurisdiction,” said Tom Palmer, President and Chief Executive Officer.