Streetbeat News

NEM

Newmont Corporation

https://www.newmont.com

Industry

Gold

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, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.

Open

41.00

Mkt cap

46B

Volume

High

41.08

P/E Ratio

-18.37

52-wk high

58.72

Low

40.19

Div yield

0.02

52-wk low

29.42

Newmont Corporation (NEM) is currently a trending stock, attracting significant attention from Zacks.com users. Investors are keen to understand the future prospects of the stock.

Portfolio Pulse from

December 13, 2024 | 3:15 pm

Newmont Corporation is undergoing a major corporate restructuring, which includes the dismissal of nearly a dozen managers, including a member of its executive team.

Portfolio Pulse from

December 09, 2024 | 7:45 pm

Newmont is facing operational challenges with high All-in Sustaining Costs (AISC) but is working on improving efficiency and divesting non-core assets. This presents a potential investment opportunity as the company focuses on increasing margins through key project ramp-ups.

Portfolio Pulse from

December 05, 2024 | 3:45 pm

Newmont Corporation (NEM) is gaining significant attention from investors, as it is one of the most watched stocks on Zacks.com. This indicates a potential increase in interest and activity around the stock.

Portfolio Pulse from

December 02, 2024 | 7:45 pm

Newmont Corporation's stock has declined, presenting a buying opportunity. Despite Q3 2024 earnings falling short, the company's outlook and gold prices remain positive. Market multiples suggest potential price doubling by 2025, though gold price risks exist.

Portfolio Pulse from

November 29, 2024 | 3:15 pm

Newmont Corporation's recent asset divestitures, including the sale of the Eleonore mine, aim to optimize its portfolio and strengthen its capital position. Despite rising operational costs, strong cash flow and revenue growth driven by high gold prices make Newmont a compelling buy. Valuation metrics suggest the stock is undervalued, presenting a buying opportunity for value-oriented investors.

Portfolio Pulse from

November 28, 2024 | 9:30 am

Newmont Corporation has announced the sale of its Eleonore mine for $795 million in cash to Dhilmar, a company with extensive experience in gold and copper mining.

Portfolio Pulse from

November 27, 2024 | 1:00 pm

The article discusses the performance of Newmont Corporation (NEM) and Agnico Eagle Mines (AEM) in comparison to their peers in the basic materials sector for the current year.

Portfolio Pulse from

November 22, 2024 | 4:00 pm

The article compares Newmont Corporation (NEM) and Alamos Gold (AGI) to determine which stock offers a better value opportunity for investors interested in gold mining stocks.

Portfolio Pulse from

November 21, 2024 | 6:00 pm

Newmont Corporation is set to divest its Musselwhite operation for up to $850 million. The company plans to use the proceeds from this divestiture, along with free cash flow from operations, to enhance long-term shareholder value.

Portfolio Pulse from

November 20, 2024 | 1:15 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.