|Bid||33.34 x 1400|
|Ask||33.90 x 4000|
|Day's Range||33.21 - 33.94|
|52 Week Range||29.06 - 42.04|
|Beta (3Y Monthly)||-0.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||0.56 (1.68%)|
|1y Target Est||40.17|
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The rate of decline is significant relative to the trend shown over the past year, and is accelerating.
The big shareholder groups in Newmont Mining Corporation (NYSE:NEM) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their Read More...
Newmont (NEM) expects production in 2019 to be driven by higher grade production from the Subika Underground project in Africa.
Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Newmont Mining Corp on Thursday updated its five-year production outlook and said it expects gold production for 2019 to be in the midpoint of its previous forecast. The gold miner said its 2019 North America production will be hurt by depletion of Silverstar ore at Carlin mine and lower gold production at Phoenix mine in Nevada. Newmont's all-in sustaining cost (AISC) of producing an ounce of gold in 2019, a closely-watched industry benchmark, is now projected at $935, compared with an earlier estimated range of $870 to $970 per ounce.
Newmont Mining Corporation announced its 2019 outlook1 with attributable gold production guidance of 5.2 million ounces at AISC2 of $935 per ounce.
Insider Monkey finished processing more than 700 13F filings made by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30th. What do these smart investors think about Newmont Mining Corp (NYSE:NEM)? Starting our analysis of the stock with the recent hedge funds sentiment – Newmont Mining Corp (NYSE:NEM) […]
Newmont Mining Corporation announced it has changed the release date of its 2019 guidance and updated longer term outlook to Thursday, December 6, 2018 in observance of the National Day of Mourning for President George H.
For the quarter ended September 30, 2018, the net asset value ("NAV") per Class A Share of The Gabelli Value 25 Fund increased 5.3% compared with increases of 7.7% and 9.6% for the Standard & Poor's ("S&P") 500 Index and the Dow Jones Industrial Average, respectively. Warning! GuruFocus has detected 3 Warning Signs with HPQ. This good news was enough to overlook continued trade tensions, Federal Reserve-driven rising interest rates, and uncertainty around the midterm congressional elections.
Newmont's (NEM) Subika Underground project adds an average gold production of 150,000-200,000 ounces per annum starting 2019.
Newmont Mining Corp. (NEM) has informed the market on Monday that the Subika underground project in Ghana has reached the production of salable gold. The high-grade mineral deposit, where Newmont Mining will produce the metal at one of the lowest costs of the company, is located near the Ahafo mine. The project has been delivered on time with the company's plan and represents the third profitable expansion achieved by Newmont Mining in 2018 after the completion of the Twin Creeks Underground and Northwest Exodus expansion projects in Nevada.
Newmont Mining Corporation (NEM) (Newmont or the Company) has achieved commercial production at the Subika Underground project, adding higher-grade, lower-cost gold production at the Ahafo mine in Ghana. Beginning in 2019, Subika Underground will add average annual gold production of between 150,000 and 200,000 ounces per year for the first five years and has an initial mine life of around 10 years. Combined with completion of the Ahafo Mill Expansion project expected in the second half of 2019, Ahafo’s average annual all-in sustaining costs (AISC)1 are projected to improve by between $250 and $350 per ounce compared to 2016.
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).
Kinross Gold (KGC) produced 586,260 gold equivalent ounces in the third quarter, a 10% fall YoY (year-over-year). Kinross’s quarterly production was its lowest in years in the quarter. Most of the above-listed factors were also responsible for the company’s 9% YoY fall in production in the first nine months of the year.
Kinross Gold (KGC) released its third-quarter earnings results after the market closed on November 7 and held its conference call the next day. It reported EPS of -$0.04, a $0.04 miss on analysts’ consensus estimate. Its revenue of $754 million also missed analysts’ expectation by 4.3%.
Newmont Mining’s (NEM) AISC (all-in sustaining costs) for the third quarter came in at $927 per ounce, implying a fall of 1% compared to the same quarter last year.
In the third quarter, Newmont Mining (NEM) produced 1.29 million ounces, marking a 4.0% fall YoY (year-over-year). The following factors led to this fall: lower throughput at Carlin lower leach production at Cripple Creek & Victor lower grades at KCGM
Ray Dalio, chair and chief investment officer of Bridgewater Associates, has maintained the fund’s stake in the SPDR Gold Shares ETF (GLD) and the second-largest physical gold-backed ETF, the iShares Gold Trust ETF (IAU). Bridgewater Associates kept its holdings at 3.91 million shares in GLD and 11.31 million shares in IAU in the third quarter, according to Fintel.
The COMEX gold futures contract has been trading around its "reversion to the mean" since the week of June 17, 2016, and this 200-week simple moving average is now $1,235.1 per troy ounce. Barrick Gold Corporation ( ABX), Yamana Gold Inc. ( AUY), Goldcorp Inc. ( GG) and Newmont Mining Corporation ( NEM) have been lagging gold futures, so investing in these stocks makes sense as an alternative asset allocation given the high probability that the stock market is forming a global bear market. Gold futures and Barrick Gold are in correction territory, while the other gold mining stocks Yamana Gold, Goldcorp and Newmont Mining are in bear market territory.
As Positive Catalysts for Gold Emerge, Which Miners May Benefit? Among senior gold miners (GDX), Newmont Mining (NEM) has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 7.6x. At a time when growth is difficult to come by in the gold mining space, Newmont Mining has a strong project pipeline with very low execution risk.