Today, we explore the NEM Stock Price Predictions for 2024, 2025, 2030 and so on. To know how the stock will perform in the upcoming years, read the complete technical and fundamental analysis report.
What is Newmont Corporation?
Newmont Corporation, headquartered in Greenwood Village, Colorado, is renowned as the world’s largest gold mining company. Since its establishment in 1921, it has expanded its operations significantly, boasting gold mines across various regions including Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. Beyond gold, Newmont also engages in the extraction of copper, silver, zinc, and lead.
In a notable move in 2019, Newmont Corporation acquired the Canadian mining firm Goldcorp for a staggering $10 billion. With a workforce comprising approximately 31,600 employees and contractors spread globally, Newmont holds the distinction of being the sole gold company listed in the Standard & Poor’s 500 stock market index.
Company Profile
| Company Name | Newmont Corporation |
|---|---|
| Formerly | Newmont Mining Corporation, Newmont Goldcorp Corporation |
| Company type | Public company |
| Traded as | NYSE: NEM, S&P 500 component, TSX: NGT, ASX: NEM |
| ISIN | US6516391066 |
| Industry | Metals and Mining |
| Founded | 1921; 103 years ago |
| Headquarters | Greenwood Village, Colorado, U.S. |
| Key people | Thomas R. Palmer, President/CEO |
| Products | Gold, copper, silver, zinc, lead |
| Revenue | US$11.487 billion (2020)[1] |
| Operating income | 51,000,000 United States dollar (2022) |
| Net income | 429,000,000 United States dollar (2022) |
| Number of employees | Decrease 14,3002 |
| Subsidiaries | Goldcorp, Oroplata S.A., Newmont Nusa Tenggara, South Kalgoorlie Gold Mine |
| Website | newmont.com |
Newmont Corporation Fundamental Analysis
| Fundamentals | Value |
|---|---|
| Market Cap | $38.67B |
| P/B Ratio | 1.3 |
| P/E Ratio | -15.5 |
| Enterprise Value | $45.11B |
| Div. Yield | 2.98% |
| Book Value | 23.99 |
| ROE | 0.20 |
| EPS(TTM) | NA |
NEM Stock Price Prediction 2024, 2025, 2030, 2040, 2050
NEM Stock Price Prediction 2024
| Year | NEM Stock Price Prediction 2024 |
|---|---|
| 2024 | $58.90 |
Analysts predict a moderate increase in NEM’s price by the end of 2024, with estimates ranging from reaching its current price to a slight increase to $58.90.
Positive Indicators:
- The current forecast predicts a price increase of 13.41% to $58.90 by March 25, 2024.
- The stock is currently trading below the predicted price, potentially indicating a buying opportunity.
- 18 out of the last 30 days were green days for NEM stock.
Neutral or Negative Indicators:
- The Fear & Greed Index suggests some market fear, and the overall sentiment is neutral.
- The stock price has fallen over the past year.
- Technical analysis indicators are mixed, with some suggesting buy and some suggesting sell.
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NEM Stock Price Prediction 2025
| Year | NEM Stock Price Prediction 2025 |
|---|---|
| 2025 | $59-109 |
The Newmont stock price prediction for 2025 is currently estimated to be $109 per share. This forecast assumes that Newmont shares will continue growing at the average yearly rate observed over the last 10 years. This projected price represents an anticipated increase of 38.73% compared to the current value of the stock.
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NEM Stock Price Prediction 2030
| Year | NEM Stock Price Prediction 2030 |
|---|---|
| 2030 | $300-450 |
The Newmont stock price prediction for 2030, based on the average yearly growth rate observed over the past decade, suggests that Newmont shares could reach $300 to $450 per share by that year. This forecast implies a substantial growth of 258.26% from the current price of the stock.
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Does Newmont Corporation Pay Dividends?
Yes, Newmont Corporation pays dividends. Newmont Corporation’s dividend policy entails quarterly payouts, with the most recent dividend per share amounting to 0.25 USD. According to the Company’s data, the trailing twelve months (TTM) dividend yield stands at 4.65%.
Key dividend metrics for FY (fiscal year) include:
- Dividends per share (FY):
- 2017: 0.56 USD
- 2018: 1.04 USD
- 2019: 2.20 USD
- 2020: 2.20 USD
- 2021: 1.60 USD
- Dividend yield (FY)%:
- 2017: 1.29%
- 2018: 1.74%
- 2019: 3.55%
- 2020: 4.66%
- 2021: 3.87%
- Payout ratio (FY)%:
- 2017: 14.71%
- 2018: 29.63%
- 2019: 151.13% (Note: This value appears unusually high and might warrant further investigation.)
Dividend payout history highlights consistent quarterly payouts, with occasional special dividends. The latest ex-date was March 4, 2024, with the last pay date recorded on March 28, 2024.
Who has majority stocks of NEM (Newmont Corporation)?
Newmont Corporation (NEM) does not have a single majority shareholder. Instead, the ownership of NEM is spread across a variety of institutional investors. Here’s a breakdown of the ownership structure:
- Institutional Investors: These are large financial institutions like investment firms, mutual funds, pension funds, and hedge funds. According to the information you provided, institutional investors hold a significant portion of NEM’s stock, exceeding 90%.
- Retail Investors: These are individual investors who buy and sell stocks on their own behalf. While the exact percentage isn’t readily available, retail investors likely hold a smaller portion of NEM’s shares compared to institutional investors.
FAQs
Disclaimer: Dear Readers, Please note, These stock price projections are based on factors like past performance and market trends. These projections are for informational purposes only and aren’t financial advice or guarantees.
