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Newmont Mining (NEM)
NYSE:NEM
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NEM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$29.42 - $58.72
Previous Close$42.99
Volume8.42M
Average Volume (3M)9.71M
Market Cap
$49.16B
Enterprise Value$54.83B
Total Cash (Recent Filing)$3.06B
Total Debt (Recent Filing)$8.55B
Price to Earnings (P/E)―
Beta0.98
Next Earnings
Feb 20, 2025EPS Estimate
$1.07Next Dividend Ex-Date
Nov 27, 2024Dividend Yield2.66%
Share Statistics
EPS (TTM)-1.53
Shares Outstanding1,138,450,479
10 Day Avg. Volume12,676,395
30 Day Avg. Volume9,706,417
Standard Deviation0.10
R-Squared0.07
Alpha0.00396
Financial Highlights & Ratios
Price to Book (P/B)1.65
Price to Sales (P/S)2.89
Price to Cash Flow (P/CF)7.50
P/FCF Ratio15.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.53
Enterprise Value/Gross Profit18.25
Enterprise Value/Ebitda10.13
Forecast
1Y Price Target
$59.94Price Target Upside38.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Newmont Mining News
Bulls Say, Bears Say
Bulls Say
Asset SalesThe sale of the Musselwhite mine exceeds its book value and aligns with Newmont's guidance for a mostly cash sale, demonstrating Newmont's ability to divest non-core assets for significant value.
Capital ReturnsProceeds from divestitures are being used for debt repayment and share repurchases, enhancing capital allocation priorities, which indicates confidence in delivering robust capital returns.
Financial PerformanceAchieving the target to reduce total debt by $1 billion strengthens the company's financial position, with updated estimates showing an increase in net asset value and boosting confidence in delivering robust capital returns.
Bears Say
Asset SalesIt is difficult to interpret this transaction as a benchmark for other asset sales due to unique circumstances like the buyer's right of first refusal.
Financial ImpactThe transaction is expected to close without having a material impact on NEM's financial outlook.
Operational ChallengesThe acquisition requires addressing significant challenges in the Telfer tailings storage facility to resume operations.
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Ownership Overview
0.11% Insiders
19.52% Mutual Funds
11.89% Other Institutional Investors
39.94% 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 $58.72 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 Feb 20, 2025 which is in 90 days.
How were Newmont Mining’s earnings last quarter?
Newmont Mining released its earnings results on Oct 23, 2024. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.863 by -$0.053.
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 2.66%. See more information on Newmont Mining dividends here
What is Newmont Mining’s EPS estimate?
Newmont Mining’s EPS estimate is $1.07.
How many shares outstanding does Newmont Mining have?
Newmont Mining has 1,138,450,400 shares outstanding.
What happened to Newmont Mining’s price movement after its last earnings report?
Newmont Mining reported an EPS of $0.81 in its last earnings report, missing expectations of $0.863. Following the earnings report the stock price went down -14.704%.
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 997M.
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Newmont Mining Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$59.94 (38.37% Upside)
$59.94 (38.37% Upside)
Blogger Sentiment
Bullish
NEM Sentiment 94%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days <0.1%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
21.00%
12-Months-Change
Fundamentals
Return on Equity
-5.22%
Trailing 12-Months
Asset Growth
47.50%
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
Q3 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
$59.94
▲(38.37% Upside)
Technical Analysis
Best Analysts Covering NEM
1 Year
1 Year Success Rate
13/16 ratings generated profit
1 Year Average Return
+34.27%
reiterated a buy rating last month
Copying Matt Murphy's trades and holding each position for 1 Year would result in 81.25% of your transactions generating a profit, with an average return of +34.27% per trade.
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