NEM - Newmont Goldcorp Corporation

NYSE - NYSE Delayed Price. Currency in USD
38.44
+0.13 (+0.34%)
At close: 4:01PM EDT

38.40 -0.04 (-0.10%)
After hours: 5:07PM EDT

Stock chart is not supported by your current browser
Previous Close38.31
Open38.29
Bid38.15 x 1800
Ask38.52 x 1100
Day's Range38.08 - 38.60
52 Week Range29.06 - 41.23
Volume4,395,289
Avg. Volume7,558,843
Market Cap31.517B
Beta (3Y Monthly)-0.22
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.56 (1.49%)
Ex-Dividend Date2019-09-11
1y Target EstN/A
Trade prices are not sourced from all markets
  • Cabot's New TECHBLAK 85 Series to Meet Sustainability Needs
    Zacks

    Cabot's New TECHBLAK 85 Series to Meet Sustainability Needs

    Cabot (CBT) unveils new black masterbatch series, designed to minimize industry's carbon footprint and advance circular economy of plastic raw materials.

  • Will Lower Steel Prices Hurt Nucor's (NUE) Earnings in Q3?
    Zacks

    Will Lower Steel Prices Hurt Nucor's (NUE) Earnings in Q3?

    Weaker U.S. steel prices are likely to have hurt Nucor's (NUE) profitability in Q3.

  • Sherwin-Williams (SHW) to Post Q3 Earnings: What's in Store?
    Zacks

    Sherwin-Williams (SHW) to Post Q3 Earnings: What's in Store?

    Our proven model does not show that Sherwin-Williams (SHW) is likely to beat the Zacks Consensus Estimate in Q3.

  • Is Newmont Mining (NEM) Outperforming Other Basic Materials Stocks This Year?
    Zacks

    Is Newmont Mining (NEM) Outperforming Other Basic Materials Stocks This Year?

    Is (NEM) Outperforming Other Basic Materials Stocks This Year?

  • LyondellBasell to Construct Molecular Recycling Facility
    Zacks

    LyondellBasell to Construct Molecular Recycling Facility

    LyondellBasell (LYB) announces the construction of a small-scale pilot facility for the conversion of post-consumer plastic waste into new plastics.

  • Newmont Goldcorp's Ahafo Mill Expansion Attains Production
    Zacks

    Newmont Goldcorp's Ahafo Mill Expansion Attains Production

    Newmont Goldcorp (NEM) expects the expansion to generate an IRR of more than 20% at a gold price of $1,200 per ounce.

  • Cabot (CBT) Boosts Advanced Carbon Portfolio With ATHLOS CNS
    Zacks

    Cabot (CBT) Boosts Advanced Carbon Portfolio With ATHLOS CNS

    Cabot's (CBT) latest conductive carbon additive, ATHLOS CNS, aims at facilitating easier processing of high-performance plastic applications.

  • Newmont Goldcorp's Penasquito Mine Illegal Blockade Lifted
    Zacks

    Newmont Goldcorp's Penasquito Mine Illegal Blockade Lifted

    The blockade that affected the mine's production output in Q3 will likely hurt Newmont Goldcorp's (NEM) 2019 results.

  • Why Newmont Goldcorp (NEM) Stock Might be a Great Pick
    Zacks

    Why Newmont Goldcorp (NEM) Stock Might be a Great Pick

    Newmont Goldcorp (NEM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

  • Newmont’s New CEO Plans to Dispense More Discipline Than Cash
    Bloomberg

    Newmont’s New CEO Plans to Dispense More Discipline Than Cash

    (Bloomberg) -- Tom Palmer took the helm at the world’s largest gold miner shortly after bullion had its longest streak of quarterly gains since 2011. Now investors are looking to partake of that windfall.But before shareholders get their piece of the pie, the new chief executive officer at Newmont Goldcorp Corp. will have to face the challenge of melding the assets from the recently completed mega-merger with Goldcorp Inc.Newmont’s shares have trailed its peers, even with gold’s meteoric rise that took the metal to a six-year high of $1,557.11 an ounce last month. The stock’s rally this year is just less than a third of the pace of gains posted by its closest rival Barrick Gold Corp., which also sealed a massive merger deal.“Tom has to bring in the Goldcorp assets and get them up operating to a level that they expected,” Joe Foster, a portfolio manager and strategist at VanEck, said in a telephone interview. With “gold prices at $1,500, this company is going to be generating a lot of cash. I hope shareholders would see the benefits of that, with higher share prices and increasing dividends.”Palmer, 52, inherited the baton from Gary Goldberg for a company saddled by growing pains as it integrates Goldcorp assets, including Red Lake -- the project with the highest production cost in Newmont’s portfolio. Those challenges dragged Newmont’s adjusted second-quarter profit to just about half of what analysts were expecting.“Our focus is to deliver value from our Goldcorp assets through proven methodologies,” Palmer said in a phone interview on Tuesday, his first day on the job. “Newmont has proved itself to be a successful turnaround story, so we’re going to extract value from our existing portfolio based upon that track record.”Newmont has cut costs by more than a third from their peak in 2013 through early 2016, helping the company navigate through the bear market in gold and putting it in a better position to reap the gains from the ensuing rally in bullion prices.“Essentially the portfolio is ready,” John Bridges, a New York-based research analyst at JPMorgan Chase & Co., said by phone. “All he has to do is to work through the cost-cutting at their existing operations and use the release of that cash to advance their various projects,” he said of Palmer, who spent two decades at Rio Tinto Group, the world’s second-largest mining company, before joining Newmont.Foster of VanEck, the fourth-largest Newmont shareholder, is confident Palmer will be a good CEO. “It’s going to be a smooth transition,” Foster said. The portfolio manager is hopeful the company will deliver “not just a token dividend but something substantial with a yield of 2% to 4%.”In his first interview since assuming the role of CEO, Palmer said the priority for excess cash will be to maintain capital allocation discipline. That means the first focus will be paying down debt, then funding projects, and finally increasing dividends.Palmer has also been easing back from a plan to sell off assets any time soon. While the company said it would try to sell Red Lake, a mine in Canada, the new CEO has previously said he’s in “no rush” to proceed with the divestment of as much $1.5 billion in assets announced earlier in the year. On Tuesday, he said he plans to maintain flexibility in future M&A.Palmer may pursue tag-on acquisitions to optimize the portfolio or acquisitions adjacent to land they want to develop, JPMorgan’s Bridges said.The new CEO has seen the cycles turn. Born in Broken Hill, an inland mining city in New South Wales, Australia, Palmer’s parents, grandparents and great grandparents all worked in the mining industry, according to a Newmont presentation. His daughter, a mining engineer, is set to join the industry next year.Palmer was named Newmont’s chief operating officer in May 2016. Since the Goldcorp merger, he has played a central role in leading the Goldcorp integration, Newmont said last month, as well as the establishment of a joint venture with Barrick in Nevada.“Global uncertainty has made even the generalist investors wanting to have some gold exposure,” Bridges said. “They’re not gold specialists, they just want companies that give them gold exposure and don’t keep them up at night.”\--With assistance from Aoyon Ashraf.To contact the reporters on this story: Vinicy Chan in New York at vchan91@bloomberg.net;Steven Frank in Toronto at sfrank9@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Delta, Newmont, FirstEnergy, Amazon and Amphenol
    Zacks

    The Zacks Analyst Blog Highlights: Delta, Newmont, FirstEnergy, Amazon and Amphenol

    The Zacks Analyst Blog Highlights: Delta, Newmont, FirstEnergy, Amazon and Amphenol

  • Top Research Reports for Delta, Newmont & FirstEnergy
    Zacks

    Top Research Reports for Delta, Newmont & FirstEnergy

    Top Research Reports for Delta, Newmont & FirstEnergy

  • 2 Ways to Play the TSX If Oil Trends Higher
    The Motley Fool

    2 Ways to Play the TSX If Oil Trends Higher

    Vermilion Energy Inc. (TSX:VET)(NYSE:VET) and Newmont Goldcorp Corp. (TSX:NGT)(NYSE:NEM) could be solid investments if higher oil persists.

  • Newmont Goldcorp Closes Offering of Senior Notes Due 2029
    Zacks

    Newmont Goldcorp Closes Offering of Senior Notes Due 2029

    Newmont Goldcorp (NEM) plans to utilize the net proceeds from the offering to clear debt.

  • Why Gold Is Headed Higher Next Year
    The Motley Fool

    Why Gold Is Headed Higher Next Year

    Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) and other senior gold producers are the best bet for investors looking to go long on the yellow metal.

  • 2 Top Stocks to Consider Ahead of the Fourth Quarter
    The Motley Fool

    2 Top Stocks to Consider Ahead of the Fourth Quarter

    Canadian Utilities Ltd (TSX:CU) and Newmont Goldcorp Corp (TSX:NGT)(NYSE:NEM) are two stocks investors may want to add to their portfolio in order to stabilize it.

  • 4 Great Gold Stocks to Buy Right Now
    The Motley Fool

    4 Great Gold Stocks to Buy Right Now

    Kirkland Lake Gold Ltd. (TSX:KL)(NYSE:KL) and three other excellent gold stocks are looking like solid investments today.

  • Forget Recession: 2 Top Stocks to Buy and Hold
    The Motley Fool

    Forget Recession: 2 Top Stocks to Buy and Hold

    Newmont Goldcorp Corp. (TSX:NGT)(NYSE:NEM) and one other top TSX stock could satisfy a long-term, low-risk investor.

  • Why Every Investor Should Consider These 2 Gold Mining Stocks
    Motley Fool

    Why Every Investor Should Consider These 2 Gold Mining Stocks

    These gold stocks are among the best investments in the sector.