Newmont Corp (NEM) Is A Great Bargain Stock To Take A Look At – Marketing Sentinel (2024)

FAQs

Is Newmont Corp a good stock to buy? ›

Newmont Mining's analyst rating consensus is a Moderate Buy. This is based on the ratings of 9 Wall Streets Analysts.

According to analysts, NEM price target is 48.75 USD with a max estimate of 54.00 USD and a min estimate of 42.94 USD.

This outlook is expected to lead to consensus earnings upgrades, with UBS's estimated EBITDA for Newmont in 2025 being over 30% higher than the market consensus. The upgrade comes after a period of underperformance by Newmont Mining compared to both the gold price and its peers, which has been around 60% since 2019.

As of today (2024-06-14), Newmont's share price is $40.665. Newmont's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2024 was $1.74. Therefore, Newmont's PE Ratio without NRI for today is 23.37.

NEM boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Newmont Corporation has seen some interesting price action recently; the stock is up 7.8% over the past one week and up 10.5% over the past four weeks. And in the last one-year period, NEM has lost 15.4%.

NGT Stock 12 Month Forecast

Based on 9 Wall Street analysts offering 12 month price targets for Newmont Mining in the last 3 months. The average price target is C$66.45 with a high forecast of C$74.18 and a low forecast of C$61.82. The average price target represents a 18.53% change from the last price of C$56.06.

Newmont Corporation ( NEM ) pays dividends on a quarterly basis.

NEM pays a dividend of $0.25 per share. NEM's annual dividend yield is 3.55%. When is Newmont Mining ex-dividend date? Newmont Mining's upcoming ex-dividend date is on Jun 04, 2024.

Long-term NEM price prediction for 2025, 2026, 2027, 2028, 2029 and 2030. Based on the historical price movements of NEM and the BTC halving cycles, the yearly low NEM price prediction for 2025 is estimated at $ 0.018791. Meanwhile, the price of NEM is predicted to reach as high as $ 0.030419 next year.

Gold Prices Slide on Waning War Worries. Shares of Newmont were dropping after gold prices fell sharply Monday. War tensions have eased and investors are pivoting away from safe havens to riskier assets.

Does Newmont pay a dividend? ›

Newmont Corporation (NEM) pays its next dividend on 27 Jun 2024 and goes ex-dividend date on 3 Jun 2024. Newmont Corporation's (NEM) last dividend was $0.26, with franking of 0%, and was paid on 28 Mar 2024.

Newmont gross profit for the twelve months ending March 31, 2024 was $5.833B, a 15.37% increase year-over-year. Newmont annual gross profit for 2023 was $5.113B, a 6.13% decline from 2022. Newmont annual gross profit for 2022 was $5.447B, a 19.74% decline from 2021.

As of today (2024-05-30), Newmont's Intrinsic Value: Projected FCF is $32.62. The stock price of Newmont is $41.64. Therefore, Newmont's Price-to-Intrinsic-Value-Projected-FCF of today is 1.3. During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Newmont was 1.81.

With those two breadcrumbs, we see that Buffett has historically paid PE ratios of somewhere 11-15 times, which translates Ricky into earnings yields, earnings yields are just the inverse of the PE ratio of roughly 7-9 percent. These are low below market average valuations, that's the big takeaway so far, Ricky.

Typically, the average P/E ratio is around 20 to 25. Anything below that would be considered a good price-to-earnings ratio, whereas anything above that would be a worse P/E ratio.

While both Newmont and Barrick Gold demonstrated strong performance in their recent quarterly results and topped Wall Street forecasts, Barrick Gold is higher rated by analysts, evidenced by its consensus “Strong Buy” rating, with the consensus on Wall Street calling for more upside potential compared to Newmont.

In April of 2023, ten former employees working at Newmont's mine near Victor, Colorado, alleged Newmont engaged in religious discrimination and retaliated by denying their requests for accommodations and then terminating their employment when they did not receive the vaccine.

As of 2024-06-15, the Fair Value of Newmont Corporation (NEM) is -21.58 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 40.82 USD, the upside of Newmont Corporation is -152.9%.

The shares remain undervalued as we anticipate higher sales from lower-cost mines driving improved margins. Despite rising 43% from five-year lows in February 2024, we think shares in no-moat Newmont (ASX: NEM) remain materially undervalued, trading at a 17% discount to our unchanged $78 per share fair value estimate.