44.84 USD
-0.04
0.09%
At close Feb 7, 4:00 PM EST
After hours
44.90
+0.06
0.13%
1 day
-0.09%
5 days
4.52%
1 month
17.51%
3 months
-0.71%
6 months
-3.36%
Year to date
16.86%
1 year
33.25%
5 years
1.86%
10 years
82.20%
 

About: Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

Employees: 21,700

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

158% more first-time investments, than exits

New positions opened: 199 | Existing positions closed: 77

65% more funds holding in top 10

Funds holding in top 10: 26 [Q2] → 43 (+17) [Q3]

24% more capital invested

Capital invested by funds: $34.2B [Q2] → $42.5B (+$8.31B) [Q3]

10% more funds holding

Funds holding: 1,106 [Q2] → 1,217 (+111) [Q3]

2% less repeat investments, than reductions

Existing positions increased: 427 | Existing positions reduced: 434

1.66% less ownership

Funds ownership: 70.84% [Q2] → 69.18% (-1.66%) [Q3]

17% less call options, than puts

Call options by funds: $1.6B | Put options by funds: $1.93B

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$50
12%
upside
Avg. target
$55
22%
upside
High target
$59
32%
upside

2 analyst ratings

positive
50%
neutral
50%
negative
0%
Scotiabank
Tanya Jakusconek
71% 1-year accuracy
15 / 21 met price target
12%upside
$50
Sector Perform
Maintained
21 Jan 2025
Raymond James
Brian MacArthur
23% 1-year accuracy
3 / 13 met price target
32%upside
$59
Outperform
Maintained
25 Nov 2024

Financial journalist opinion

Based on 96 articles about NEM published over the past 30 days

Neutral
Business Wire
3 hours ago
NEM INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Newmont Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK--(BUSINESS WIRE)---- $NEM #ClassAction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Newmont Corporation (“Newmont” or “the Company”) (NYSE: NEM) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Newmont secur.
NEM INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Newmont Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Neutral
GlobeNewsWire
6 hours ago
Levi & Korsinsky Notifies Shareholders of Newmont Corporation(NEM) of a Class Action Lawsuit and an Upcoming Deadline
NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM) of a class action securities lawsuit.
Levi & Korsinsky Notifies Shareholders of Newmont Corporation(NEM) of a Class Action Lawsuit and an Upcoming Deadline
Neutral
Accesswire
7 hours ago
Newmont Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - NEM
NEW YORK, NY / ACCESS Newswire / February 7, 2025 / If you suffered a loss on your Newmont Corporation (NYSE:NEM) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/newmont-corporation-lawsuit-submission-form?prid=127989&wire=1 or contact Joseph E. Levi, Esq.
Newmont Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - NEM
Neutral
PRNewsWire
8 hours ago
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Newmont
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Newmont To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Newmont between February 22, 2024 and October 23, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext. 1310). [You may also click here for additional information] NEW YORK  , Feb. 7, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM) and reminds investors of the April 1, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Newmont
Neutral
Accesswire
8 hours ago
Levi & Korsinsky Reminds Newmont Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 1, 2025 - NEM
NEW YORK, NY / ACCESS Newswire / February 7, 2025 / If you suffered a loss on your Newmont Corporation (NYSE:NEM) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/newmont-corporation-lawsuit-submission-form?prid=127961&wire=1 or contact Joseph E. Levi, Esq.
Levi & Korsinsky Reminds Newmont Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 1, 2025 - NEM
Neutral
Accesswire
8 hours ago
Newmont Corporation Is Being Sued For Securities Law Violations And Investors With Losses Are Urged To Contact The Schall Law Firm
LOS ANGELES, CA / ACCESS Newswire / February 7, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Newmont Corporation ("Newmont" or "the Company") (NYSE:NEM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 22, 2024 and October 23, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before April 1, 2025.
Newmont Corporation Is Being Sued For Securities Law Violations And Investors With Losses Are Urged To Contact The Schall Law Firm
Neutral
Accesswire
9 hours ago
Class Action Filed Against Newmont Corporation (NEM) - April 1, 2025 Deadline to Join - Contact Levi & Korsinsky
NEW YORK, NY / ACCESS Newswire / February 7, 2025 / If you suffered a loss on your Newmont Corporation (NYSE:NEM) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/newmont-corporation-lawsuit-submission-form?prid=127922&wire=1 or contact Joseph E. Levi, Esq.
Class Action Filed Against Newmont Corporation (NEM) - April 1, 2025 Deadline to Join - Contact Levi & Korsinsky
Neutral
Seeking Alpha
9 hours ago
Newmont: Gold's All-Time High Helps, But Costs In Focus Ahead Of Earnings
Gold prices surged in early 2025, boosting gold mining stocks; VanEck Gold Miners ETF outperformed the S&P 500 since early 2024. Despite gold's rally, Newmont struggled, down 13% since August 2024 due to cost pressures, but I maintain a buy rating. Newmont's Q3 2024 results missed expectations, but management reiterated strong production guidance and increased its stock buyback program to $3 billion.
Newmont: Gold's All-Time High Helps, But Costs In Focus Ahead Of Earnings
Neutral
Accesswire
9 hours ago
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Newmont Corporation of Class Action Lawsuit and Upcoming Deadlines - NEM
NEW YORK, NY / ACCESS Newswire / February 7, 2025 / Pomerantz LLP announces that a class action lawsuit has been filed against Newmont Corporation ("Newmont" or the "Company") (NYSE:NEM). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Newmont Corporation of Class Action Lawsuit and Upcoming Deadlines - NEM
Neutral
Accesswire
10 hours ago
Levi & Korsinsky Notifies Newmont Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - NEM
NEW YORK, NY / ACCESS Newswire / February 7, 2025 / If you suffered a loss on your Newmont Corporation (NYSE:NEM) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/newmont-corporation-lawsuit-submission-form?prid=127831&wire=1 or contact Joseph E. Levi, Esq.
Levi & Korsinsky Notifies Newmont Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - NEM
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