Large-cap Basic Materials company Newmont has logged a 2.2% change today on a trading volume of 6,885,581. The average volume for the stock is 10,802,814.
Newmont Corporation engages in the production and exploration of gold. Based in Denver, United States the company has 21,700 full time employees and a market cap of $48,189,718,528. Newmont currently offers its equity investors a dividend that yields 3.2% per year.
The company is now trading -34.25% away from its average analyst target price of $63.56 per share. The 2 analysts following the stock have set target prices ranging from $59.05 to $68.06, and on average give Newmont a rating of buy.
Over the last 12 months NEM shares have declined by -5.1%, which represents a difference of -29.8% when compared to the S&P 500. The stock's 52 week high is $45.92 per share and its 52 week low is $29.42. With its net margins declining an average -12.6% over the last 6 years, Newmont declining profitability gives us reason to believe its stock price will continue to underwhelm.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 11,812,000 | -2,494,000 | -21 | -425.0 |
| 2022 | 11,915,000 | -429,000 | -4 | -140.0 |
| 2021 | 12,222,000 | 1,166,000 | 10 | -60.0 |
| 2020 | 11,497,000 | 2,829,000 | 25 | -10.71 |
| 2019 | 9,740,000 | 2,805,000 | 28 | 460.0 |
| 2018 | 7,253,000 | 341,000 | 5 |
