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

44.96

Mkt cap

51B

Volume

7.6M

High

45.27

P/E Ratio

-20.57

52-wk high

58.72

Low

44.55

Div yield

0.03

52-wk low

29.42

Peter Schiff questioned the high market cap of MicroStrategy compared to gold mining companies, noting it surpasses all except Newmont. Despite not producing much, MicroStrategy's market cap is close to Newmont's, with significant stock gains this year. Technical indicators favor MicroStrategy, while Newmont shows bearish signals.

Portfolio Pulse from Aniket Verma

October 30, 2024 | 2:55 am

Unusual options activity has been observed for Newmont (NYSE:NEM), with significant interest from large investors. The activity includes both bullish and bearish sentiments, with a focus on a price range of $37.5 to $62.5. Analysts have mixed ratings, with price targets ranging from $53 to $67.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 3:15 pm

Several large-cap stocks experienced significant declines last week, with ICON plc, Genuine Parts Company, and Newmont Corporation among the top losers. These declines were primarily due to worse-than-expected financial results and subsequent analyst downgrades.

Portfolio Pulse from Lekha Gupta

October 26, 2024 | 3:00 pm

Raymond James analyst Brian MacArthur has maintained an 'Outperform' rating on Newmont (NYSE:NEM) and raised the price target from $65 to $66.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 5:53 pm

Newmont's stock is trading lower following a downgrade by Scotiabank from Sector Outperform to Sector Perform, with a reduced price target from $59 to $55.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 2:28 pm

Several top Wall Street analysts have downgraded major companies, including Newmont Corporation, The Kraft Heinz Company, Boot Barn Holdings, The Boston Beer Company, and Honeywell International. These downgrades reflect changes in analyst sentiment and price targets.

Portfolio Pulse from Avi Kapoor

October 25, 2024 | 1:32 pm

Scotiabank has downgraded Newmont (NYSE:NEM) from Sector Outperform to Sector Perform and reduced its price target from $59 to $55.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 12:36 pm

The article highlights three oversold stocks in the materials sector: Westlake Corp (WLK), Newmont Corporation (NEM), and Olin Corp (OLN). These stocks have RSI values indicating they are oversold, presenting potential buying opportunities. Westlake is set to release its Q3 2024 earnings soon, Newmont reported better-than-expected earnings, and Olin faced challenges due to Hurricane Beryl.

Portfolio Pulse from Avi Kapoor

October 25, 2024 | 12:14 pm

Analysts have provided mixed evaluations for Newmont (NYSE:NEM) over the past three months, with a recent increase in the average 12-month price target to $60.83. The company, the world's largest gold miner, has shown strong financial performance but faces challenges in debt management. Recent acquisitions and potential asset sales could impact future performance.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 8:00 pm

Tech stocks rebounded on Thursday, led by Tesla's 18% surge after strong quarterly results. Despite Tesla's rally, market sentiment remained cautious. The S&P 500 and Russell 2000 were flat, while the Dow Jones fell. The Consumer Discretionary sector, influenced by Tesla, led gains. Treasury yields eased, boosting gold prices. Several companies, including T-Mobile and IBM, saw significant stock movements following earnings reports.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 6:30 pm

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