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Newmont Mining (NEM)
NYSE:NEM
Holding NEM?
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NEM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$29.42 - $54.25
Previous Close$53.13
Volume6.18M
Average Volume (3M)7.29M
Market Cap
$60.96B
Enterprise Value$67.19B
Total Cash (Recent Filing)$2.65B
Total Debt (Recent Filing)$8.69B
Price to Earnings (P/E)―
Beta0.92
Next Earnings
Oct 30, 2024EPS Estimate
$0.81Last Dividend Ex-Date
Sep 05, 2024Dividend Yield2.42%
Share Statistics
EPS (TTM)-2.14
Shares Outstanding1,147,429,288
10 Day Avg. Volume6,772,214
30 Day Avg. Volume7,291,303
Standard Deviation0.10
R-Squared0.06
Alpha0.00640
Financial Highlights & Ratios
Price to Book (P/B)1.98
Price to Sales (P/S)4.14
Price to Cash Flow (P/CF)10.80
P/FCF Ratio24.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.94
Enterprise Value/Gross Profit22.36
Enterprise Value/Ebitda15.59
Forecast
1Y Price Target
$54.61Price Target Upside2.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Newmont Mining News
Bulls Say, Bears Say
Bulls Say
Asset SalesThe Akyem sale process is progressing well; 20 parties initially bid and seven parties are in the Phase 2 process.
EarningsNewmont surprised the market with its announced monetization of Batu Hijau contingent payments for total US$197M, in addition to the US$330M received from sale of the Fruta del Norte stream credit facility.
Portfolio OptimizationBroader portfolio optimization rationalization process is firmly on track and Newmont continues to follow a very rigorous process to ensure the company gets full and fair value for these assets.
Bears Say
CostsCosts per ounce at Nevada Gold Mines are slightly above the mid-point of full-year guidance, but are expected to decrease throughout the year as production and grades increase.
Financial PerformanceEstimated costs at Turquoise Ridge have been raised above the guidance range, negatively impacting the Newmont target.
ProductionPueblo Viejo production was light and costs were high as compared to full-year guidance.
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Ownership Overview
0.47% Insiders
20.55% Mutual Funds
39.13% Other Institutional Investors
39.85% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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NEM FAQ
What was Newmont Mining’s price range in the past 12 months?
Newmont Mining lowest stock price was $29.42 and its highest was $54.25 in the past 12 months.
What is Newmont Mining’s market cap?
Currently, no data Available
When is Newmont Mining’s upcoming earnings report date?
Newmont Mining’s upcoming earnings report date is Oct 30, 2024 which is in 42 days.
How were Newmont Mining’s earnings last quarter?
Newmont Mining released its earnings results on Jul 24, 2024. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.617 by $0.103.
Is Newmont Mining overvalued?
According to Wall Street analysts Newmont Mining’s price is currently Undervalued.
Does Newmont Mining pay dividends?
Newmont Mining pays a Quarterly dividend of $0.25 which represents an annual dividend yield of 2.42%. See more information on Newmont Mining dividends here
What is Newmont Mining’s EPS estimate?
Newmont Mining’s EPS estimate is $0.81.
How many shares outstanding does Newmont Mining have?
Newmont Mining has 1,147,429,300 shares outstanding.
What happened to Newmont Mining’s price movement after its last earnings report?
Newmont Mining reported an EPS of $0.72 in its last earnings report, beating expectations of $0.617. Following the earnings report the stock price went down -4.192%.
Which hedge fund is a major shareholder of Newmont Mining?
Among the largest hedge funds holding Newmont Mining’s share is First Eagle Investment Management LLC. It holds Newmont Mining’s shares valued at 716M.
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Newmont Mining Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$54.61 (2.82% Upside)
$54.61 (2.82% Upside)
Blogger Sentiment
Bullish
NEM Sentiment 92%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 418.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $49.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▲ 0.2%
Last 30 Days ▲ 0.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
35.56%
12-Months-Change
Fundamentals
Return on Equity
-8.18%
Trailing 12-Months
Asset Growth
46.01%
Trailing 12-Months
Company Description
Newmont Mining
Newmont Corporation is a mining company and has the world’s largest gold reserve base in the industry. It engages in the exploration and production of gold, copper, silver, zinc, and lead.
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NEM Company Deck
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NEM Earnings Call
Q2 2024
0:00 / 0:00
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NEM Revenue Breakdown
89.68% Gold
4.87% Copper
2.84% Silver
1.80% Zinc
0.81% Lead
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NEM Stock 12 Month Forecast
Average Price Target
$54.61
▲(2.82% Upside)
Technical Analysis
Best Analysts Covering NEM
1 Year
1 Year Success Rate
15/15 ratings generated profit
1 Year Average Return
+44.09%
assigned a buy rating 7 days ago
Copying Matt Murphy's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +44.09% per trade.
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