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Is Most-Watched Stock Newmont Corporation (NEM) Worth Betting on Now?
Zacks Investment Research· 2024-02-28 15:01
Newmont Corporation (NEM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this gold and copper miner have returned -13.5% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Mining - Miscellaneous industry, to which Newmont belongs, has lost 7.3% over this period. Now the key question is: Where could the stock be headed in the n ...
Newmont: Dividend Cut Is Likely Just Noise
Seeking Alpha· 2024-02-23 02:21
Hello my names is james,I'm photographer. Investment thesis Gold has demonstrated a notable bullish run in 2023 due to the intensifying global macroeconomic uncertainty coupled with geopolitical issues. Such an environment is very favorable for the world's largest gold mining company, Newmont Corporation (NYSE:NEM). My analysis suggests that gold prices are likely to stay higher for longer as the level of macroeconomic and geopolitical uncertainties escalate. Newmont has a firm track record of success, ...
Newmont(NEM) - 2023 Q4 - Earnings Call Transcript
2024-02-22 20:07
Newmont Corporation (NYSE:NEM) Q4 2023 Earnings Conference Call February 22, 2024 10:00 AM ET Company Participants Thomas Palmer - President, CEO & Director Natascha Viljoen - EVP & COO Karyn Ovelmen - EVP & CFO Conference Call Participants Joshua Wolfson - RBC Capital Markets Lawson Winder - Bank of America Merrill Lynch Anita Soni - CIBC Tanya Jakusconek - Scotiabank Carey MacRury - Canaccord Genuity Daniel Major - UBS Greg Barnes - TD Securities Operator Good morning, and welcome to Newmont's Fourth Quar ...
Newmont Completes COO Transition
Businesswire· 2024-02-22 16:00
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) announces today the completion of its Chief Operating Officer (COO) transition following a five-month handover period. Beginning next week, Rob Atkinson will transition all of his remaining responsibilities to Newmont’s new COO, Natascha Viljoen. He will then officially step down from the Newmont Executive Leadership Team, effective May 2, 2024. “Rob Atkinson has played a pivotal leadership role in Newmont in recent y ...
Newmont Corporation (NEM) Q4 Earnings Miss Estimates
Zacks Investment Research· 2024-02-22 14:15
Newmont Corporation (NEM) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.96%. A quarter ago, it was expected that this gold and copper miner would post earnings of $0.42 per share when it actually produced earnings of $0.36, delivering a surprise of -14.29%.Over the last four quar ...
Newmont Announces 2023 Mineral Reserves for Integrated Company of 136 Million Gold Ounces with Robust Copper Optionality of 30 Billion Pounds
Businesswire· 2024-02-22 12:10
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) reported higher gold Mineral Reserves ("reserves") of 135.9 million attributable ounces for 2023 compared to the Company’s 96.1 million ounces at the end of 2022. Newmont has significant upside to other metals, including more than 30 billion pounds of copper reserves and nearly 600 million ounces of silver reserves. "Newmont has strengthened its position as the responsible gold leader with the industry's highest conce ...
Newmont Reports Fourth Quarter and Full Year 2023 Results; Provides 2024 Outlook for Integrated Company
Businesswire· 2024-02-22 12:05
DENVER--(BUSINESS WIRE)--`Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced fourth quarter and full year 2023 results, as well as its 2024 outlook. "2023 was a transformational year for Newmont, and for all of our stakeholders," said Tom Palmer, Newmont's President and Chief Executive Officer. "With the acquisition of Newcrest now complete, our principal focus for 2024 is to integrate and transform our leading portfolio of Tier 1 assets into a unique ...
Newmont Announces Balanced Capital Allocation Strategy and Return of Capital Framework Supported by Portfolio of Tier 1 Operations and Projects*
Businesswire· 2024-02-22 12:00
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced key actions that together will deliver on its clear and consistent strategy. "Newmont's go-forward portfolio is the new standard for gold and copper mining," said Tom Palmer, Newmont's President and Chief Executive Officer. "This portfolio provides our shareholders with exposure to the highest concentration of Tier 1 assets in the sector, each with the scale and mine life to ge ...
Newmont(NEM) - 2023 Q4 - Annual Results
2024-02-21 16:00
NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM Exhibit 99.1 Newmont Reports Fourth Quarter and Full Year 2023 Results; Provides 2024 Outlook for Integrated Company DENVER, February 22, 2024 – Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced fourth quarter and full year 2023 results, as well as its 2024 outlook. "2023 was a transformational year for Newmont, and for all of our stakeholders," said Tom Palmer, Newmont's President and Chief Executive Officer. "Wi ...
Newmont Corporation (NEM) Increases Yet Falls Behind Market: What Investors Need to Know
Zacks Investment Research· 2024-02-14 23:56
Newmont Corporation (NEM) closed the most recent trading day at $32.12, moving +0.25% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.96%. Elsewhere, the Dow saw an upswing of 0.4%, while the tech-heavy Nasdaq appreciated by 1.3%.Heading into today, shares of the gold and copper miner had lost 11.03% over the past month, lagging the Basic Materials sector's loss of 4.97% and the S&P 500's gain of 3.69% in that time.The investment community will be paying clo ...