Market closedNon-fractional
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
Website
www.newmont.com
Newmont Metrics
BasicAdvanced
$53B
Market cap
-
P/E ratio
-$1.94
EPS
0.49
Beta
$1.15
Dividend rate
2.52%
Dividend yield
Price and volume
Market cap
$53B
Beta
0.49
Dividend rate
$1.15
Financial strength
Current ratio
2.106
Quick ratio
0.629
Long term debt to equity
30.853
Total debt to equity
31.205
Interest coverage (TTM)
6.43%
Management effectiveness
Return on assets (TTM)
2.78%
Return on equity (TTM)
-8.09%
Valuation
Price to revenue (TTM)
3.135
Price to book
1.79
Price to tangible book (TTM)
1.98
Price to free cash flow (TTM)
71.86
Dividend yield (TTM)
2.52%
Growth
Revenue change (TTM)
32.86%
Earnings per share change (TTM)
102.76%
3-year revenue growth (CAGR)
6.00%
3-year earnings per share growth (CAGR)
-18.47%
3-year dividend per share growth (CAGR)
-17.53%
What the Analysts think about Newmont
Analyst Ratings
Majority rating from 22 analysts.
Newmont Financial Performance
Income StatementBalance sheetCash Flow
Income Statement
Revenues and expenses
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
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%
-
Newmont News
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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
Market closedNon-fractional
Upcoming events
Sept
5
Newmont
Dividend·Ex-dividend
Sept
30
Newmont
Dividend·Payment
$0.25
Per share
FAQs
What’s the current market cap for Newmont stock?
Newmont (NEM) has a market cap of $53B as of July 27, 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 27, 2024.
Does Newmont stock pay dividends?
Yes, the Newmont (NEM) stock pays dividends to shareholders. As of July 27, 2024, the dividend rate is $1.15 and the yield is 2.52%. Newmont has a payout ratio of 0% on a trailing twelve-month basis.
When is the next Newmont dividend payment date?
The next Newmont (NEM) dividend payment is scheduled for September 30, 2024.
What is the beta indicator for Newmont?
Newmont (NEM) has a beta rating of 0.49. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.
Buy or sell Newmont stock
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