Newmont
NEM
Market cap $46.6B

40.93 USD

+0.25

0.61%

At close Nov 15, 4:00 PM EST

After hours

40.94

+0.01

0.02%

1 day

0.61%

5 days

-5.52%

1 month

-26.49%

3 months

-16.99%

6 months

-5.23%

Year to date

0.05%

1 year

12.54%

5 years

8.83%

10 years

112.73%

About: Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

Employees: 21,700

Materials Gold & Silver Mining

0

Funds holding %

of 6,704 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

86% more first-time investments, than exits

New positions opened: 195 | Existing positions closed: 105

62% more funds holding in top 10

Funds holding in top 10: 26 [Q2] → 42 (+16) [Q3]

24% more capital invested

Capital invested by funds: $33.9B [Q2] → $42.1B (+$8.11B) [Q3]

8% more funds holding

Funds holding: 1,101 [Q2] → 1,191 (+90) [Q3]

1% less repeat investments, than reductions

Existing positions increased: 416 | Existing positions reduced: 422

1.87% less ownership

Funds ownership: 70.28% [Q2] → 68.41% (-1.87%) [Q3]

18% less call options, than puts

Call options by funds: $1.56B | Put options by funds: $1.92B

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$53

29%

upside

Avg. target

$60

47%

upside

High target

$67

64%

upside

9 analyst ratings

6 positive

67%

3 neutral

33%

0 negative

0%

UBS Daniel Major 33% 1-year accuracy 2 / 6 met price target	32%upside $54	Neutral Downgraded	30 Oct 2024
Raymond James Brian MacArthur 27% 1-year accuracy 3 / 11 met price target	61%upside $66	Outperform Maintained	25 Oct 2024
Scotiabank Tanya Jakusconek 63% 1-year accuracy 12 / 19 met price target	34%upside $55	Sector Perform Downgraded	25 Oct 2024
RBC Capital Josh Wolfson 67% 1-year accuracy 2 / 3 met price target	29%upside $53	Sector Perform Maintained	24 Oct 2024
UBS Daniel Major 33% 1-year accuracy 2 / 6 met price target	64%upside $67	Buy Maintained	15 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 35 articles about NEM published over the past 30 days

Zacks Investment Research

Newmont (NEM) Loses -28% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Newmont (NEM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Newmont (NEM) Loses -28% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Zacks Investment Research

The Zacks Analyst Blog Amazon, KLA, Newmont, Uber Technologies and S&P Global

Amazon, KLA, Newmont, Uber Technologies and S&P Global are included in this Analyst Blog.

The Zacks Analyst Blog Amazon, KLA, Newmont, Uber Technologies and S&P Global

Zacks Investment Research

5 U.S. Corporate Behemoths to Buy as Short-Term Momentum Plays

We have narrowed our search to five large-cap momentum stocks. These are: AMZN, NEM, KLAC, UBER, SPGI.

5 U.S. Corporate Behemoths to Buy as Short-Term Momentum Plays

Newmont: The Top Risk-Adjusted Gold Miner To Buy Today

Newmont is significantly undervalued, on the latest selloff to $45 per share, given the logic of substantial 2025 gold gains on a looming dollar devaluation. Extensive gold reserves, low production costs, a strong balance sheet and high dividend yield are well worth the price of admission. The company's forward P/E ratio is historically very low, suggesting a 50% discount to its potential long-term value, with a target price range of $90-$100 per share in 18 to 24 months.

Newmont: The Top Risk-Adjusted Gold Miner To Buy Today

Zacks Investment Research

Newmont Stock Trading Cheaper Than Industry: Buy or Hold?

With a robust portfolio of projects and a healthy growth trajectory, NEM presents a solid investment case for those looking to capitalize on the gold rally.

Newmont Stock Trading Cheaper Than Industry: Buy or Hold?

Zacks Investment Research

Investors Heavily Search Newmont Corporation (NEM): Here is What You Need to Know

Zacks.com users have recently been watching Newmont (NEM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Investors Heavily Search Newmont Corporation (NEM): Here is What You Need to Know

Is Newmont Undervalued?

Newmont Corporation (NYSE: NEM), the world's largest gold miner, has seen its stock underperform over the last month, falling by 13% compared to the S&P 500 which was up 1.5%. The decline in stock prices has been primarily due to the stellar performance being expected due to rising demand of gold, amidst uncertainties surrounding the U.S. Presidential elections.

Is Newmont Undervalued?

Newmont Files Early Warning Report

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (together with its affiliates, “Newmont” or the “Company”) announced today that Newcrest Canada Holdings Inc. (the “Vendor”), a wholly-owned subsidiary of Newmont, sold all 14,674,056 common shares of Azucar Minerals Ltd. (“Azucar”) held by the Vendor to Almadex Minerals Ltd. (“Almadex”) and certain directors and officers of Azucar (collectively with Almadex, the “Purchasers”), for an aggregate purchase pric.

Newmont Files Early Warning Report

The Motley Fool

Here's Why Newmont Corporation Stock Fell 15% in October

Rising costs are preventing this mining company from cashing in on rising gold prices.

Here's Why Newmont Corporation Stock Fell 15% in October

Zacks Investment Research

Brokers Suggest Investing in Newmont (NEM): Read This Before Placing a Bet

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Brokers Suggest Investing in Newmont (NEM): Read This Before Placing a Bet

See News Rankings

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