NEM Stock Price Prediction 2024, 2025, 2030

nem stock price predictions
NEM Stock Price Predictions

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 NameNewmont Corporation
FormerlyNewmont Mining Corporation, Newmont Goldcorp Corporation
Company typePublic company
Traded asNYSE: NEM, S&P 500 component,
TSX: NGT,
ASX: NEM
ISINUS6516391066
IndustryMetals and Mining
Founded1921; 103 years ago
HeadquartersGreenwood Village, Colorado, U.S.
Key peopleThomas R. Palmer, President/CEO
ProductsGold, copper, silver, zinc, lead
RevenueUS$11.487 billion (2020)[1]
Operating income51,000,000 United States dollar (2022)
Net income429,000,000 United States dollar (2022)
Number of employeesDecrease 14,3002
SubsidiariesGoldcorp, Oroplata S.A., Newmont Nusa Tenggara, South Kalgoorlie Gold Mine
Websitenewmont.com

Newmont Corporation Fundamental Analysis

FundamentalsValue
Market Cap$38.67B
P/B Ratio1.3
P/E Ratio-15.5
Enterprise Value$45.11B
Div. Yield2.98%
Book Value23.99
ROE0.20
EPS(TTM)NA

Newmont Corporation Share Price Growth Chart

NEM Stock Price Prediction 2024, 2025, 2030, 2040, 2050

NEM Stock Price Prediction 2024

YearNEM 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.

Also Read: Amazon stock forecast 2024, 2025, 2030, 2040, 2050

NEM Stock Price Prediction 2025

YearNEM 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.

Also Read: MULN Stock Forecast 2024, 2025, 2030: Is Muln Dead?

NEM Stock Price Prediction 2030

YearNEM 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.

Also Read: JNJ Stock Price Prediction 2024, 2025, 2030, 2040, 2050

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.

5/5 - (3 votes)
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Article
ril share price targets

RIL Share Price Target 2024, 2025 to 2030

Next Article
rivian stock price predictions

Rivian Stock Price Prediction 2024, 2025, 2030, 2040, 2050

Related Posts