Key Details
Price
$38.30Last Dividend
$0.25Annual ROE
-10.23%Beta
0.67Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Oct 23, 2024Recent annual earnings:
Feb 22, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 27, 2024Next split:
N/ARecent split:
Apr 22, 1994Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Lately, users of Zacks.com have been focusing on Newmont (NEM). This interest prompts a closer look at what the stock might offer.
DENVER--(BUSINESS WIRE)--Newmont has submitted an Early Warning Report.
Newmont (NEM) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.
Newmont Corporation has dismissed almost ten managers as part of a significant restructuring, as reported by Bloomberg. This includes one member from its executive team.
NEM has a strong range of projects and is growing well, which looks encouraging. However, its high production costs should be taken into consideration.
NEM anticipates receiving total earnings of as much as $275 million, which includes a cash payment of $100 million that will be paid at the time of closing.
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has announced that it will sell its Cripple Creek & Victor (“CC&V”) operation in Colorado to SSR Mining Inc. for a total of up to $275 million in cash. After this deal is finalized, Newmont will have generated approximately $3.9 billion from selling non-essential assets and investments. The transaction is anticipated to be completed soon.
Newmont has not performed well because of some operational issues, but there is a big chance for investment by improving efficiency and selling off non-essential assets. Even though their All-in Sustaining Costs (AISC) were high at $1,600/oz in the third quarter of 2024, Newmont is working on boosting profits through important project developments. Barrick and AEM showed lower AISCs, which points out Newmont's current inefficiencies but also its ability to improve profit margins.
Newmont (NEM) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.
The drop in Newmont Corporation's stock price presents a chance to purchase a strong stock at a lower price. Although the company's earnings for Q3 2024 did not meet expectations, they are still solid, and the future looks bright for both the company and gold prices. NEM's market ratios suggest that its price could potentially double by 2025, but it's important to consider the risks associated with gold prices.
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