Profile
Sector:
Basic MaterialsIndustry:
GoldCountry:
United StatesIPO:
17 March 1980Website:
http://www.newmont.comNext earnings report:
21 February 2025Last dividends:
05 September 2024Next dividends:
27 November 2024Price
after hours | Sat, 23 Nov 2024 00:53:21 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
NEM Latest News
Investors interested in gold mining stocks may have come across Newmont Corporation (NEM) and Alamos Gold (AGI). The question is, which of these two stocks offers a better value for investors at this moment?
Recently, Newmont (NEM) has attracted a lot of interest from users on Zacks.com. As a result, it's important to understand the factors that could influence the stock's future performance.
Newmont (NEM) is now considered technically oversold, suggesting that the intense selling pressure may be coming to an end. Additionally, there is a strong consensus among Wall Street analysts to raise their earnings estimates, which points to a possible change in the stock's trend soon.
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) is excited to announce that it is planning a winter 2025 drilling program at the Deux Orignaux prospect. Additionally, Newmont Corporation has given notice to proceed to Phase 2 of their earn-in agreement, which could allow them to gain an extra 29% interest in the Chebistuan project in Quebec.
NEM has a strong collection of projects and is experiencing good growth, making it a strong option for investors wanting to benefit from the rise in gold prices.
Users of Zacks.com have been paying a lot of attention to Newmont (NEM) lately. Therefore, it's important to understand the key factors that could influence the stock's future.
Newmont Corporation (NYSE: NEM), the biggest gold mining company in the world, has experienced a 13% drop in its stock over the past month, while the S&P 500 has increased by 1.5%. This decrease in stock value is mainly because investors anticipated strong performance due to higher gold demand, especially with uncertainties related to the U.S. Presidential elections.
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) announced today that its subsidiary, Newcrest Canada Holdings Inc., has sold all 14,674,056 common shares of Azucar Minerals Ltd. to Almadex Minerals Ltd. and some directors and officers of Azucar. The sale was made for a total purchase price.
Investors interested in the Mining - Gold sector may want to look at Newmont Corporation (NEM) or Alamos Gold (AGI). However, which of these companies is the better choice for those seeking undervalued stocks?
Newmont (NEM) is now considered technically oversold, suggesting that the intense selling pressure may be coming to an end. Additionally, there is a strong consensus among Wall Street analysts to raise their earnings forecasts, which points to a possible change in the stock's trend soon.
What type of business is Newmont?
Newmont Corporation is an American mining company, the second largest gold producer in the world with assets in the USA, Australia, Peru, Ghana, and Suriname. Founded in 1921 with headquarters in Greenwood Village, Colorado. Newmont also produces copper at facilities in Australia and the USA. In January 2019, a merger deal between Newmont and Canadian Goldcorp, the fourth largest gold producer in the world, began. Goldcorp is involved in developing gold mines in Canada, Mexico, Chile, Argentina, and the Dominican Republic. As a result of this merger, Newmont Mining Corporation will become the largest gold producer in the world with a production volume of 6-7 million ounces of gold per year for the next 10 years, and the deal itself is the largest in the history of the industry.
What sector is Newmont in?
Newmont is in the Basic Materials sector
What industry is Newmont in?
Newmont is in the Gold industry
What country is Newmont from?
Newmont is headquartered in United States
When did Newmont go public?
Newmont initial public offering (IPO) was on 17 March 1980
What is Newmont website?
https://www.newmont.com
Is Newmont in the S&P 500?
Yes, Newmont is included in the S&P 500 index
Is Newmont in the NASDAQ 100?
No, Newmont is not included in the NASDAQ 100 index
Is Newmont in the Dow Jones?
No, Newmont is not included in the Dow Jones index
When was Newmont the previous earnings report?
No data
When does Newmont earnings report?
The next expected earnings date for Newmont is 21 February 2025