Shares of Basic Materials sector company Newmont moved 1.8% today, and are now trading at a price of $54.47. The Large-Cap stock's daily volume was 8,733,892 compared to its average volume of 7,363,868. The S&P 500 index returned a -0.0% performance.
Newmont Corporation engages in the production and exploration of gold. The company is based in Denver and has 21,700 full time employees. Its market capitalization is $62,500,515,840. Newmont currently offers its equity investors a dividend that yields 2.1% per year.
19 analysts are following Newmont and have set target prices ranging from $47.0 to $80.0 per share. On average, they have given the company a rating of buy. At today's prices, NEM is trading -4.42% away from its average analyst target price of $56.99 per share.
Over the last year, NEM's share price has increased by 34.6%, which represents a difference of 3.1% when compared to the S&P 500. The stock's 52 week high is $54.93 per share whereas its 52 week low is $29.42. Newmont's average free cash flow over the last 5 years has been $1.6 Billion, but they have been decreasing at an average rate of -38.5%. This may prove a challenge to the long term sustainability of the stock's upwards trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 2,763,000 | 2,666,000 | 97,000 | -91.09 |
| 2022 | 3,220,000 | 2,131,000 | 1,089,000 | -58.53 |
| 2021 | 4,279,000 | 1,653,000 | 2,626,000 | -26.65 |
| 2020 | 4,882,000 | 1,302,000 | 3,580,000 | 155.17 |
| 2019 | 2,866,000 | 1,463,000 | 1,403,000 | 76.48 |
| 2018 | 1,827,000 | 1,032,000 | 795,000 |
