NEM announced a cash dividend of 0.40 with an ex-date of May. 31, 2023
|Bid||40.72 x 1400|
|Ask||40.85 x 1800|
|Day's Range||40.33 - 41.27|
|52 Week Range||37.45 - 69.88|
|Beta (5Y Monthly)||0.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2023 - Jul 28, 2023|
|Forward Dividend & Yield||1.60 (3.94%)|
|Ex-Dividend Date||May 31, 2023|
|1y Target Est||77.11|
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Key Insights Newmont's estimated fair value is US$53.88 based on 2 Stage Free Cash Flow to Equity Newmont's US$40.68...
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DENVER, May 25, 2023--Today, Newmont Corporation (NYSE: NEM, TSX: NGT) published its 2022 Climate Report, prepared in alignment with the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The report outlines how Newmont understands and is addressing climate change — from managing physical and transition climate risks and enhancing resiliency within our business, to climate impacts and reducing our greenhouse gas emissions.
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DENVER, May 19, 2023--Newmont Corporation (NYSE: NEM, TSX: NGT) today announced the appointment of Karyn Ovelmen as Executive Vice President and Chief Financial Officer.
Newmont said Karyn Ovelmen would join the gold mining company as chief financial officer in the current quarter. Ovelmen is expected to focus on financial discipline and maintain a flexible balance sheet, the company said. “Karyn is uniquely qualified to ensure our financial approach underpins the safe delivery of long term value,” Chief Executive Tom Palmer said.
Gold miner Newmont Corp said on Thursday it had appointed Karyn Ovelmen, lead independent director at steelmaker ArcelorMittal, as its chief financial officer. Ovelmen will take over a position that has been vacant for nearly seven months after Baker Hughes Co tapped Newmont's Nancy Buese as its finance chief last year. The appointment also comes at a time when Newmont prepares to complete the acquisition of Australian gold miner Newcrest Mining Ltd in a deal valued at A$26.2 billion ($17.77 billion), one of the world's largest buyouts so far this year.
Gold mining ETFs reported a decline in the past one month following mixed-to-downbeat Q1 earnings results.
Newcrest shareholders will get 0.400 Newmont (NEM) shares for each Newcrest share, as well as a special dividend of up to $1.10 per share paid by Newcrest, representing a 30.4% premium.
Oneok will be buying Magellan Midstream Partners in a cash-and-stock deal with a value of about $18.8 billion including debt, Sarepta stock surged after a FDA panel recommended approval of a gene therapy for muscular dystrophy, and SoFi stock was downgraded.
Canada's main stock index rose 0.59% on Monday, helped by gains in energy and materials as wildfires hit tightening oil supplies and Newmont Corp's A$26.2 billion ($17.8 billion) buyout of Newcrest Mining Ltd edged closer to the finish line. At the close on Monday, the Toronto Stock Exchange's S&P/TSX composite index was up 120.35 points at 20,539.97. The energy sector rose 1.4% as oil prices hit a dollar a barrel on Monday as the prospect of tightening supplies and Canada and elsewhere rose.
B.C.’s Golden Triangle will be key for world's largest gold producer
[**Newmont (NEM)**](https://www.wsj.com/market-data/quotes/NEM): Stock in the gold miner rose 2.7% in afternoon trading after it [agreed to buy](https://www.wsj.com/articles/newmont-agrees-to-acquire-australias-newcrest-for-17-5-billion-30fe3300) Australia's Newcrest Mining, concluding weeks of talks and marking a move into copper.
Oneok will be buying Magellan Midstream Partners in a cash-and-stock deal with a value of about $18.8 billion including debt, Sarepta stock surges after a FDA panel recommends approval of a gene therapy for muscular dystrophy, and SoFi stock is downgraded.
Newmont (NEM) has agreed to buy Australian gold and copper miner Newcrest for $17.5 billion. If completed, the acquisition would be the largest-ever gold-mining deal.
Newmont, the world’s largest gold mining company, acquired Australian rival Newcrest Mining Ltd. for $19.2 billion in the industry’s biggest deal to date.
The Yahoo Finance Live team breaks down the $19.2 billion deal from gold miner Newmont to acquire Newcrest Mining.
The takeover would cement Newmont’s position as the world’s largest producer of gold, while also increasing its exposure to copper, a metal key to the global transition to cleaner energy.
(Bloomberg) -- Gold giant Newmont Corp. secured a A$28.8 billion ($19.2 billion) deal to buy Australian rival Newcrest Mining Ltd., consolidating its position as the world’s biggest bullion producer with mines across the Americas, Africa, Australia and Papua New Guinea. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapRemote Work Comes Wit
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The stock market appeared poised for a positive opening to the week Monday morning. Hopes that officials in Washington might reach resolution on a debt ceiling increase before the U.S. defaults on its sovereign debt helped lift stock market futures by around a quarter percent in premarket trading. Many investors on Wall Street often refer to the concept of Merger Monday, as a high number of deals between companies get finalized over weekends.
President Biden looks to meet Tuesday with congressional leaders on the debt ceiling and Newmont agrees to buy Newcrest in the largest gold-mining deal ever. Here’s what investors need to know today.