Shares of Basic Materials sector company Newmont moved 2.5% today, and are now trading at a price of $37.7. The large-cap stock's daily volume was 20,425,507 compared to its average volume of 8,827,237. The S&P 500 index returned a -1.0% performance.
Newmont Corporation engages in the production and exploration of gold. The company is based in Denver and has 14,600 full time employees. Its market capitalization is $29,959,835,648. Newmont currently offers its equity investors a dividend that yields 4.8% per year.
3 analysts are following Newmont and have set target prices ranging from $51.15 to $94.09 per share. On average, they have given the company a rating of hold. At today's prices, NEM is trading -50.34% away from its average analyst target price of $75.9 per share.
Over the last year, NEM shares have gone down by -11.0%, which represents a difference of -21.0% when compared to the S&P 500. The stock's 52 week high is $55.41 per share and its 52 week low is $34.81. Although Newmont's average free cash flow over the last 6 years has been $1.64 Billion, they have been decreasing at an average rate of -14.7%. For this reason, investors may continue to shun the stock.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 2,627,000 | 2,317,000 | 310,000 | -71.53 |
| 2022 | 3,220,000 | 2,131,000 | 1,089,000 | -58.53 |
| 2021 | 4,279,000 | 1,653,000 | 2,626,000 | -26.81 |
| 2020 | 4,890,000 | 1,302,000 | 3,588,000 | 153.93 |
| 2019 | 2,876,000 | 1,463,000 | 1,413,000 | 75.53 |
| 2018 | 1,837,000 | 1,032,000 | 805,000 |
