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

41.05

Mkt cap

47B

Volume

12M

High

41.31

P/E Ratio

-18.69

52-wk high

58.72

Low

40.60

Div yield

0.03

52-wk low

29.42

Newmont Corporation announced the sale of all its shares in Azucar Minerals Ltd. to Almadex Minerals Ltd. and certain directors and officers of Azucar.

Portfolio Pulse from

November 07, 2024 | 11:15 pm

Wall Street analysts have suggested investing in Newmont (NEM), a recommendation that could influence investor decisions and potentially impact the stock's price.

Portfolio Pulse from

November 07, 2024 | 3:45 pm

The article discusses the potential value of two stocks in the Mining - Gold sector: Newmont Corporation (NEM) and Alamos Gold (AGI), focusing on which might be the better undervalued stock option.

Portfolio Pulse from

November 05, 2024 | 6:00 pm

Newmont seeks to extend the permit for its Cadia mine in Australia until 2050, which would provide significant regional economic benefits and align with sustainability goals. The extension is under review by the NSW Department of Planning.

Portfolio Pulse from Stjepan Kalinic

October 31, 2024 | 11:53 am

Several top Wall Street analysts have downgraded their ratings for major companies, including Boeing, Qorvo, Lear Corporation, Newmont Corporation, and Graphic Packaging Holding Company. These downgrades reflect a more cautious outlook on these stocks.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 5:54 pm

Newmont shares declined following a downgrade by UBS from Buy to Neutral, with a reduced price target from $67 to $54.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 3:04 pm

UBS analyst Daniel Major has downgraded Newmont (NYSE:NEM) from Buy to Neutral and reduced the price target from $67 to $54.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:36 am

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

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