Newmont/NEM

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About Newmont

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 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont 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 end December 2023.

Ticker

NEM

Sector

Basic Materials

Trading on

NYSE

Industry

Metals and Mining

Headquarters

Denver, United States

Employees

21,700

Newmont Metrics

BasicAdvanced
$48B
Market cap
-
P/E ratio
-$2.87
EPS
-
Beta
$1.30
Dividend rate
3.12%
Dividend yield
$48B
$1.30
2.154
0.573
32.224
32.564
-51.78%
4.25%
1.54%
-10.98%
2.95
1.66
1.84
570.09
3.12%
13.70%
330.73%
3.73%
-3.38%
-9.43%

What the Analysts think about Newmont

Analyst Ratings

Majority rating from 22 analysts.
Buy

Newmont Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
4.22% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$4B
1.67%
Net income
$170M
-105.38%
Profit margin
4.22%
-105.29%

Newmont Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 54.29%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.33
$0.36
$0.50
$0.55
-
Expected
$0.44
$0.43
$0.46
$0.36
$0.57
Surprise
-24.80%
-17.12%
8.90%
54.29%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
Market closedNon-fractional

Upcoming events

No upcoming events

FAQs

What’s the current market cap for Newmont stock?

Newmont (NEM) has a market cap of $48B as of July 03, 2024.

What is the P/E ratio for Newmont stock?

The price to earnings (P/E) ratio for Newmont (NEM) stock is 0 as of July 03, 2024.

Does Newmont stock pay dividends?

Yes, the Newmont (NEM) stock pays dividends to shareholders. As of July 03, 2024, the dividend rate is $1.3 and the yield is 3.12%. Newmont has a payout ratio of -51.78% on a trailing twelve-month basis.

When is the next Newmont dividend payment date?

The next Newmont (NEM) dividend payment date is unconfirmed.

What is the beta indicator for Newmont?

Newmont (NEM) does not currently have a Beta indicator.

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