Should I buy or sell Newmont stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NGT shares. View NGT analyst ratings or view top-rated stocks .

What is Newmont's stock price target for 2024?

2 brokerages have issued 12 month price targets for Newmont's shares. Their NGT share price targets range from C$50.00 to C$69.00. On average, they expect the company's stock price to reach C$59.50 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price. View analysts price targets for NGT or view top-rated stocks among Wall Street analysts .

How have NGT shares performed in 2024?

Newmont's stock was trading at C$54.85 at the beginning of the year. Since then, NGT shares have decreased by 2.1% and is now trading at C$53.69. View the best growth stocks for 2024 here .

When is Newmont's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our NGT earnings forecast .

How were Newmont's earnings last quarter?

Newmont Co. (TSE:NGT) issued its quarterly earnings results on Thursday, February, 22nd. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by $0.02. The business earned $5.39 billion during the quarter, compared to analysts' expectations of $4.37 billion. Newmont had a negative trailing twelve-month return on equity of 10.23% and a negative net margin of 21.11%.

How often does Newmont pay dividends? What is the dividend yield for Newmont?

Newmont declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Tuesday, March 5th will be given a dividend of 0.336 per share on Thursday, March 28th. This represents a $1.34 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Monday, March 4th. Read our dividend analysis for NGT .

Is Newmont a good dividend stock?

Newmont (TSE:NGT) pays an annual dividend of C$1.36 per share and currently has a dividend yield of 2.55%. Read our dividend analysis for NGT .

What other stocks do shareholders of Newmont own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmont investors own include Barrick Gold (ABX) , Enbridge (ENB) , Bristol-Myers Squibb (BMY) , Cisco Systems (CSCO) , Home Depot (HD) , Kirkland Lake Gold (KL) , AT&T (T) , Verizon Communications (VZ) , AbbVie (ABBV) and Canadian Natural Resources (CNQ) .

How do I buy shares of Newmont?

Shares of NGT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:NGT

Newmont (NGT) Stock Price, News & Analysis

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Free NGT Stock Alerts

C$53.69

+0.63 (+1.19%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$52.78
▼
C$53.88
50-Day Range: C$40.44
▼
C$53.91
52-Week Range: C$39.96
▼
C$68.15

Volume: 156,150 shs
Average Volume: 243,941 shs
Market Capitalization: C$61.74 billion

P/E Ratio: N/A
Dividend Yield: 2.53%
Price Target: C$59.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Newmont alerts:

Newmont MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 10.8% Upside
C$59.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.45
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.06 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Newmont has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Newmont has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for NGT.

0.8

Dividend Strength

Dividend Yield
Newmont pays a meaningful dividend of 2.55%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Newmont does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NGT.

2.0

News and Social Media Coverage

News Sentiment
Newmont has a news sentiment score of -0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Newmont this week, compared to 1 article on an average week.
Search Interest
13 people have searched for NGT on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.
MarketBeat Follows
1 people have added Newmont to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Newmont insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.09% of the stock of Newmont is held by insiders.
Percentage Held by Institutions
71.58% of the stock of Newmont is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Newmont is -13.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Newmont is -13.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Newmont has a PEG Ratio of 0.78. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Newmont has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Newmont Stock (TSE:NGT)

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana. The company was founded in 1916 and is headquartered in Denver, Colorado.

NGT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NGT Stock News Headlines

April 20, 2024 | americanbankingnews.com

Newmont Co. to Post Q1 2024 Earnings of $0.48 Per Share, Raymond James Forecasts (TSE:NGT)

April 19, 2024 | seekingalpha.com

Newmont: Redemption Has Finally Arrived

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 19, 2024 | seekingalpha.com

Newmont: Limited Upside As Skyrocketing Costs Offset Rising Prices (Rating Downgrade)

April 19, 2024 | americanbankingnews.com

Raymond James Equities Analysts Lower Earnings Estimates for Newmont Co. (TSE:NGT)

April 18, 2024 | americanbankingnews.com

Newmont (NGT) to Release Earnings on Thursday

April 9, 2024 | baystreet.ca

Top Reasons Why Gold Could Rally to $2,500 this Year

March 22, 2024 | msn.com

Newmont's Akyem gold mine in Ghana draws Chinese interest - Bloomberg

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 11, 2024 | seekingalpha.com

Newmont Stock: A "Once-In-A-Generation" Buy

March 4, 2024 | finance.yahoo.com

Newmont Announces Offering of Notes to Repay Outstanding Borrowings Under Revolving Credit Facility

February 23, 2024 | ca.finance.yahoo.com

NEM Mar 2024 30.000 put

February 22, 2024 | ca.finance.yahoo.com

NEM Apr 2024 32.000 put

February 21, 2024 | ca.finance.yahoo.com

Is Newmont Mining Stock a Good Buy Right Now?

February 21, 2024 | seekingalpha.com

What Gold Mining Companies Are Telling Their Investors

February 14, 2024 | seekingalpha.com

Tracking Mario Gabelli's Gabelli Funds 13F Portfolio - Q4 2023 Update

February 14, 2024 | finance.yahoo.com

NEM Jun 2024 37.500 call

February 13, 2024 | finance.yahoo.com

NEM Jun 2024 22.500 put

February 13, 2024 | finance.yahoo.com

NEM Mar 2024 27.500 put

February 13, 2024 | finance.yahoo.com

NEM Feb 2024 44.000 call

February 13, 2024 | finance.yahoo.com

NEM Feb 2024 50.000 put

February 10, 2024 | seekingalpha.com

Newmont: Asymmetric Risk/Reward Makes It A Strong Buy Here

January 24, 2024 | businesswire.com

Newmont rafforza il team dirigente con la nomina dell'esperto del settore Peter Wexler a Chief Legal Officer

January 1, 2024 | benzinga.com

Newmont Stock (NYSE:NEM) Insider Trades

November 20, 2023 | msn.com

Finding Hidden Gems: Investing Wisely in a Bearish Climate

November 15, 2023 | msn.com

2 Top Mining Stocks to Buy on the TSX Today

November 7, 2023 | finance.yahoo.com

Newmont (NEM) Successfully Completes Acquisition of Newcrest

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Ex-Dividend for 3/28 Dividend: 3/04/2024
Dividend Payable: 3/28/2024
Today: 4/20/2024
Next Earnings (Confirmed): 4/25/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Gold
Sub-Industry: N/A
Current Symbol: TSE:NGT
CUSIP: N/A
CIK: N/A
Web: www.newmontgoldcorp.com
Phone: 303-863-7414
Fax: N/A
Employees: 21,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$59.50
High Stock Price Target: C$69.00
Low Stock Price Target: C$50.00
Potential Upside/Downside: +10.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($4.11)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 15.42
P/E Growth: 0.78
Net Income: C$-2,520,000,000.00
Net Margins: -21.11%
Pretax Margin: N/A
Return on Equity: -10.23%
Return on Assets: 0.94%

Debt

Debt-to-Equity Ratio: 32.67
Current Ratio: 1.25
Quick Ratio: 1.77

Sales & Book Value

Annual Sales: C$11.81 billion
Price / Sales: 5.23
Cash Flow: C$4.01 per share
Price / Cash Flow: 13.40
Book Value: C$25.18 per share
Price / Book: 2.13

Miscellaneous

Outstanding Shares: 1,150,000,000
Free Float: N/A
Market Cap: C$61.74 billion
Optionable: Not Optionable
Beta: 0.54

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Key Executives

Mr. Thomas Ronald Palmer (Age 56)
President, CEO & Director
Comp: $3.03M
Mr. Robert D. Atkinson (Age 53)
Executive VP & COO
Comp: $1.62M
Mr. Peter Ivan Toth BBus (IB) (Age 54)
MIB, Executive VP & Chief Development Officer
Comp: $1.35M
Mr. Joshua L. Cage (Age 49)
Acting VP, Chief Accounting Officer & Controller
Mr. Dean R. Gehring (Age 55)
Executive VP, Chief Integration Officer & CTO
Neil Backhouse
Group Head of Investor Relations
Mr. Peter Wexler J.D.
Executive VP & Chief Legal Officer
Ms. Jennifer Cmil (Age 53)
Executive VP & Chief People Officer
Mr. Alwyn Pretorius (Age 53)
Managing Director of Papua New Guinea
Ms. Suzanne Retallack (Age 47)
Executive VP, Chief Safety & Sustainability Officer and Executive of Australia

Key Competitors

View All Competitors

Should I Buy Newmont Stock? NGT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Newmont Co.:

Newmont Co. has a strong presence in multiple countries, providing geographic diversification which can help mitigate risks associated with operating in a single region.
The company engages in the production and exploration of gold, copper, silver, zinc, and lead, offering exposure to multiple valuable commodities.
Newmont Co. has a significant amount of proven and probable gold reserves, indicating a stable resource base for future production.
With a current dividend yield of 2.93%, investors can benefit from a steady income stream from Newmont Co.'s dividend payments.
Despite recent fluctuations, Newmont Co.'s stock price has shown resilience, making it an attractive option for investors seeking stability in their portfolio.

Cons

Investors should be bearish about investing in Newmont Co. for these reasons:

Newmont Co.'s payout ratio is currently negative, indicating that the company is paying out more in dividends than it is earning, which could raise concerns about sustainability.
The company's debt-to-equity ratio is quite high at 32.67, suggesting a significant reliance on debt financing which may pose risks during economic downturns or interest rate hikes.
Analysts have revised down earnings estimates for Newmont Co., signaling potential challenges in the company's financial performance in the near term.
Newmont Co.'s stock has experienced a decline in its 50-day and 200-day moving averages, indicating a downward trend that investors should consider before making investment decisions.
Recent comments from analysts have raised concerns about Newmont Co.'s earnings outlook, which could impact investor sentiment and stock performance.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Newmont pros and cons to contact@marketbeat.com.

NGT Stock Analysis - Frequently Asked Questions

Should I buy or sell Newmont stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NGT shares.
View NGT analyst ratings or view top-rated stocks.
What is Newmont's stock price target for 2024?: 2 brokerages have issued 12 month price targets for Newmont's shares. Their NGT share price targets range from C$50.00 to C$69.00. On average, they expect the company's stock price to reach C$59.50 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price.
View analysts price targets for NGT or view top-rated stocks among Wall Street analysts.
How have NGT shares performed in 2024?: Newmont's stock was trading at C$54.85 at the beginning of the year. Since then, NGT shares have decreased by 2.1% and is now trading at C$53.69.
View the best growth stocks for 2024 here.
When is Newmont's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our NGT earnings forecast.
How were Newmont's earnings last quarter?: Newmont Co. (TSE:NGT) issued its quarterly earnings results on Thursday, February, 22nd. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by $0.02. The business earned $5.39 billion during the quarter, compared to analysts' expectations of $4.37 billion. Newmont had a negative trailing twelve-month return on equity of 10.23% and a negative net margin of 21.11%.

How often does Newmont pay dividends? What is the dividend yield for Newmont?: Newmont declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Tuesday, March 5th will be given a dividend of 0.336 per share on Thursday, March 28th. This represents a $1.34 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Monday, March 4th.
Read our dividend analysis for NGT.
Is Newmont a good dividend stock?: Newmont (TSE:NGT) pays an annual dividend of C$1.36 per share and currently has a dividend yield of 2.55%.
Read our dividend analysis for NGT.
What other stocks do shareholders of Newmont own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Newmont investors own include Barrick Gold (ABX), Enbridge (ENB), Bristol-Myers Squibb (BMY), Cisco Systems (CSCO), Home Depot (HD), Kirkland Lake Gold (KL), AT&T (T), Verizon Communications (VZ), AbbVie (ABBV) and Canadian Natural Resources (CNQ).
How do I buy shares of Newmont?: Shares of NGT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:NGT) was last updated on 4/20/2024 by MarketBeat.com Staff

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Newmont (NGT) Stock Price, News & Analysis

Newmont MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Newmont Stock (TSE:NGT)

NGT Stock Price History

NGT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Should I Buy Newmont Stock? NGT Pros and Cons Explained

Pros

Cons

NGT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™