Newmont Goldcorp Corp Stock Today

NEM Stock  USD 34.42  0.54  1.59%   

Performance

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Odds Of Distress

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Newmont Goldcorp is selling at 34.42 as of the 19th of March 2024; that is 1.59 percent increase since the beginning of the trading day. The stock's lowest day price was 33.59. Newmont Goldcorp has about a 24 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Newmont Goldcorp Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
13th of January 1978
Category
Basic Materials
Newmont Corporation engages in the production and exploration of gold. The company was founded in 1916 and is headquartered in Denver, Colorado. Newmont operates under Gold classification in the United States and is traded on New York Stock Exchange. It employs 14400 people. The company has 1.15 B outstanding shares of which 19.54 M shares are now shorted by investors with about 1.46 days to cover. More on Newmont Goldcorp Corp

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Newmont Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Newmont Goldcorp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Newmont Goldcorp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Newmont Goldcorp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Newmont Goldcorp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOGary Goldberg
Thematic Ideas
Showing 3 out of 4 themes
Old Names[Hylands International Holdings Inc, Netmedia S.A.]
Business ConcentrationMetals & Mining, Materials, Basic Materials, NYSE Composite, SP 500 Index, Philadelphia GoldSilver, ARCA Gold BUGS, NYSE US 100, Stlmt ID PHLX, SPASX 100, DAX Midcap Price, SPASX 50, SPASX 300, HDAX Performance, TecDAX, HDAX Price, DAX Midcap, Gold and Gold Mining, Macroaxis Picks, Compulsion, Precious Metals, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering Newmont Goldcorp report their recommendations after researching Newmont Goldcorp's financial statements, talking to executives and customers, or listening in on Newmont Goldcorp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Newmont Goldcorp Corp. The Newmont consensus assessment is calculated by taking the average forecast from all of the analysts covering Newmont Goldcorp.
Financial Strength
Based on the analysis of Newmont Goldcorp's profitability, liquidity, and operating efficiency, Newmont Goldcorp Corp may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. Financial strength of Newmont Goldcorp Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.410.2121
Way Up
Pretty Stable
Gross Profit Margin0.09440.0994
Notably Down
Slightly volatile
Net Debt6.9 B6.5 B
Sufficiently Up
Pretty Stable
Total Current Liabilities6.3 BB
Sufficiently Up
Slightly volatile
Non Current Liabilities Total21.3 B20.3 B
Sufficiently Up
Slightly volatile
Total Assets58.3 B55.5 B
Sufficiently Up
Slightly volatile
Total Current Assets7.9 B7.5 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities1.6 B2.8 B
Way Down
Slightly volatile
Newmont Goldcorp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Newmont Goldcorp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Newmont Goldcorp's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Newmont Goldcorp's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Newmont Goldcorp's financial leverage. It provides some insight into what part of Newmont Goldcorp's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Newmont Goldcorp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Newmont Goldcorp deploys its capital and how much of that capital is borrowed.
Liquidity
Newmont Goldcorp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 9.56 B in debt with debt to equity (D/E) ratio of 0.29, which may show that the company is not taking advantage of profits from borrowing. Newmont Goldcorp Corp has a current ratio of 2.67, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Newmont Goldcorp until it has trouble settling it off, either with new capital or with free cash flow. So, Newmont Goldcorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Newmont Goldcorp Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Newmont to invest in growth at high rates of return. When we think about Newmont Goldcorp's use of debt, we should always consider it together with cash and equity.

Other Cashflows From Financing Activities

(246.05 Million)
Newmont Goldcorp Corp (NEM) is traded on New York Stock Exchange in USA. It is located in 6900 E Layton Avenue, Denver, CO, United States, 80237 and employs 21,700 people. Newmont Goldcorp is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 39.68 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Newmont Goldcorp's market, we take the total number of its shares issued and multiply it by Newmont Goldcorp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Newmont Goldcorp Corp runs under Metals & Mining sector within Materials industry. The entity has 1.15 B outstanding shares of which 19.54 M shares are now shorted by investors with about 1.46 days to cover. Newmont Goldcorp Corp has about 2.88 B in cash with 2.76 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.8.
Check Newmont Goldcorp Probability Of Bankruptcy
Ownership Allocation
Newmont Goldcorp Corp holds a total of 1.15 Billion outstanding shares. The majority of Newmont Goldcorp outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Newmont Goldcorp Corp to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Newmont Goldcorp Corp. Please pay attention to any change in the institutional holdings of Newmont Goldcorp as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Newmont Ownership Details

Newmont Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Newmont Goldcorp jumping above the current price in 90 days from now is about 62.66%. The Newmont Goldcorp Corp probability density function shows the probability of Newmont Goldcorp stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.7445. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Newmont Goldcorp will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Newmont Goldcorp Corp is significantly underperforming NYSE Composite.
  Odds Below 34.42HorizonTargetOdds Above 34.42
37.20%90 days
 34.42 
62.66%
Based on a normal probability distribution, the odds of Newmont Goldcorp to move above the current price in 90 days from now is about 62.66 (This Newmont Goldcorp Corp probability density function shows the probability of Newmont Stock to fall within a particular range of prices over 90 days) .

Newmont Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Newmont Goldcorp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Newmont Goldcorp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Newmont Goldcorp's value.
InstituionRecorded OnShares
Amundi2023-12-31
10.7 M
Morgan Stanley - Brokerage Accounts2023-12-31
10.3 M
Fmr Inc2023-12-31
9.1 M
Ubs Asset Mgmt Americas Inc2023-12-31
8.6 M
Amvescap Plc.2023-12-31
8.3 M
Legal & General Group Plc2023-12-31
8.2 M
Neuberger Berman Group Llc2023-12-31
7.9 M
Barclays Plc2023-12-31
7.8 M
Goldman Sachs Group Inc2023-12-31
6.8 M
Blackrock Inc2023-12-31
119.1 M
Vanguard Group Inc2023-12-31
118.7 M
View Newmont Goldcorp Diagnostics

Newmont Goldcorp Historical Income Statement

Newmont Goldcorp Corp Income Statement is one of the three primary financial statements used for reporting Newmont's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Newmont Goldcorp Corp revenue and expense. Newmont Goldcorp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Newmont Goldcorp's EBIT is very stable compared to the past year. As of the 19th of March 2024, EBITDA is likely to grow to about 4.5 B, though Total Other Income Expense Net is likely to grow to (2.5 B). View More Fundamentals

Newmont Stock Against Markets

Picking the right benchmark for Newmont Goldcorp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Newmont Goldcorp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Newmont Goldcorp is critical whether you are bullish or bearish towards Newmont Goldcorp Corp at a given time. Please also check how Newmont Goldcorp's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Newmont Goldcorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Newmont Goldcorp Corporate Directors

Newmont Goldcorp corporate directors refer to members of a Newmont Goldcorp board of directors. The board of directors generally takes responsibility for the Newmont Goldcorp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Newmont Goldcorp's board members must vote for the resolution. The Newmont Goldcorp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Joseph CarrabbaIndependent DirectorProfile
Julio QuintanaIndependent DirectorProfile
Charles SartainIndependent DirectorProfile
Cristina BitarIndependent DirectorProfile

How to buy Newmont Stock?

Before investing in Newmont Goldcorp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Newmont Goldcorp. To buy Newmont Goldcorp stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Newmont Goldcorp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Newmont Goldcorp stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Newmont Goldcorp Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Newmont Goldcorp Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Newmont Goldcorp Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Newmont Stock please use our How to Invest in Newmont Goldcorp guide.

Already Invested in Newmont Goldcorp Corp?

The danger of trading Newmont Goldcorp Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Newmont Goldcorp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Newmont Goldcorp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Newmont Goldcorp Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Newmont Goldcorp Corp is a strong investment it is important to analyze Newmont Goldcorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Newmont Goldcorp's future performance. For an informed investment choice regarding Newmont Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Newmont Goldcorp Corp information on this page should be used as a complementary analysis to other Newmont Goldcorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Newmont Goldcorp's price analysis, check to measure Newmont Goldcorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newmont Goldcorp is operating at the current time. Most of Newmont Goldcorp's value examination focuses on studying past and present price action to predict the probability of Newmont Goldcorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newmont Goldcorp's price. Additionally, you may evaluate how the addition of Newmont Goldcorp to your portfolios can decrease your overall portfolio volatility.
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Is Newmont Goldcorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Newmont Goldcorp. If investors know Newmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Newmont Goldcorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Dividend Share
1.45
Earnings Share
(3.00)
Revenue Per Share
14.045
Quarterly Revenue Growth
0.237
The market value of Newmont Goldcorp Corp is measured differently than its book value, which is the value of Newmont that is recorded on the company's balance sheet. Investors also form their own opinion of Newmont Goldcorp's value that differs from its market value or its book value, called intrinsic value, which is Newmont Goldcorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Newmont Goldcorp's market value can be influenced by many factors that don't directly affect Newmont Goldcorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Newmont Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Goldcorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.