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 (NYSE:NEM) has seen a surge in options activity, with 18 uncommon trades spotted by Benzinga's options scanner. The sentiment is split, with 55% bullish and 33% bearish. The stock is currently trading at $48.41, up by 2.25%. Analysts have given positive ratings, with price targets ranging from $50 to $61.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 4:31 pm

Shares of precious metals stocks are trading higher as gold and silver rise following US jobs data.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:31 pm

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the dollar following key US economic data.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:58 pm

B of A Securities analyst Michael Jalonen maintains a Buy rating on Newmont (NYSE:NEM) and raises the price target from $49 to $50.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:20 pm

Whales have shown a bullish stance on Newmont (NYSE:NEM) with significant options trading activity. The trading volume and open interest suggest a focus on a price band between $25.0 and $42.5. Analysts have a positive outlook with an average target price of $50.0, and UBS has upgraded the stock to Buy.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 8:45 pm

Wealthy investors have taken a bearish stance on Newmont (NYSE:NEM), as observed through recent options trades. The sentiment is predominantly bearish, with 62% of the trades reflecting this outlook. Analysts have mixed ratings, with a price target range of $48 to $50.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:15 pm

Analysts have provided mixed ratings for Newmont (NYSE:NEM) over the past three months, with a recent trend towards more bullish perspectives. The average 12-month price target has increased slightly to $48.29. Key analysts have adjusted their ratings and price targets, reflecting their evolving views on Newmont's market position and financial performance.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 8:01 pm

UBS analyst Daniel Major has upgraded Newmont (NYSE:NEM) from Neutral to Buy and raised the price target from $40 to $50.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:30 pm

Wall Street hit record highs on Friday following a stronger-than-expected jobs report. Non-farm payrolls increased by 272,000 in May, surpassing expectations. This led to a reassessment of rate-cut hopes, causing bond yields to rise and fixed-income markets to drop. The S&P 500 and Nasdaq 100 reached new highs, while small caps fell. The U.S. dollar index rallied, pressuring commodities like gold and silver. Major ETFs and stocks had mixed performances, with notable declines in GameStop, AMC, and mining stocks.

Portfolio Pulse from Piero Cingari

June 07, 2024 | 5:54 pm

The May labor market report showed stronger-than-expected job gains and wage growth, leading to a decline in hopes for a July rate cut. Major indices experienced slight declines, with sector-specific reactions varying. Financials and health care outperformed, while real estate and materials underperformed.

Portfolio Pulse from Piero Cingari

June 07, 2024 | 2:50 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.