Newmont Corporation (NEM)
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Newmont Corporation (NEM) overview
Newmont is the world’s largest gold miner. It is a member of the S&P 500 and is classified in the Materials sector — chemical, metal, mining and packaging companies that supply raw inputs.
Newmont Corporation trades on the NYSE under the ticker symbol NEM. As of the most recent market data, the stock was priced around $89.70, down 1.24% on the session, giving Newmont Corporation a market capitalization of roughly $95.76B.
Over the past 52 weeks, NEM has traded between $57.86 and $134.88. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 11.8, a common gauge of how richly the market prices the company's earnings. Newmont Corporation also pays a dividend, currently yielding around 1.16%.
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Why investors watch NEM
As one of the larger companies in the Materials sector, Newmont Corporation is closely followed by investors and often moves with broader trends across chemical, metal, mining and packaging companies that supply raw inputs. Traders watch NEM for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
Market Mood
Latest NEM news
Neo Energy Metals (NEM) Changes Registered Office to London
Neo Energy Metals (NEM) has officially changed its registered office address to London. This relocation is part of the company's strategy to enhance its operational efficiencies and align with market opportunities. Although specific financial implications of this move have not been detailed, such changes often aim to better position a company within significant financial hubs. The market will be observing whether this change impacts NEM's business operations positively over time.
Read More: Neo Energy Metals (NEM) Changes Registered Office to London
Investing in Gold: Newmont Mining (NEM) $3.1B Free Cash Flow
Newmont Mining (NEM) produced a record $3.1 billion in free cash flow in Q1 2026, benefiting from high gold prices. Investors are considering alternatives to direct gold purchases, such as ETFs or mining stocks. Streaming and royalty companies like Franco-Nevada (FNV), Royal Gold (RGLD), and Wheaton Precious Metals (WPM) are highlighted for offering exposure to gold without the operational risks of mining. This strategic shift may provide better long-term growth and stability for investors in the gold sector.
Read More: Investing in Gold: Newmont Mining (NEM) $3.1B Free Cash Flow
Newmont (NEM) Raises Price Target to $145 on Strong Q1 Performance
Newmont Corporation (NEM) received an analyst target increase from BMO Capital on April 24, with the price objective raised to $145 from $140. For Q1, Newmont reported revenue of $7.31 billion, exceeding estimates of $6.44 billion, alongside a free cash flow record of $3.1 billion. The company produced approximately 1.3 million gold ounces, 9 million silver ounces, and 30,000 tons of copper. Newmont also expanded its share repurchase program, authorizing an additional $6 billion, which reflects its commitment to returning value to shareholders amidst a volatile market.
Read More: Newmont (NEM) Raises Price Target to $145 on Strong Q1 Performance
VanEck Gold Miners (GDX) Surges 95% Amid Ongoing Iran Conflict
The VanEck Gold Miners ETF (GDX) has gained approximately 95% over the past year, driven by geopolitical tensions linked to the ongoing Iran conflict. The fund, which holds around $28.2 billion in net assets, has benefited from operational leverage as rising gold prices expand margins for mining companies. However, higher oil prices, currently around $95 per barrel, may compress those margins. GDX's significant concentration risk lies in its top three holdings—Newmont (NEM) at 12%, Agnico Eagle (AEM) at 10.8%, and Barrick Mining (B) at 7.6%—which together represent nearly a third of the portfolio.
Read More: VanEck Gold Miners (GDX) Surges 95% Amid Ongoing Iran Conflict
NEWMONT Corp (NEM) Form 144 Filing on April 1, 2023
Newmont Corp (NEM) filed Form 144 on April 1, allowing the sale of shares under certain conditions set by the SEC. This filing indicates that current shareholders can sell up to a specified number of their shares. While the document doesn't disclose specific figures or intentions behind the sales, it is essential for market participants to monitor such filings as they can affect stock price dynamics. The selling pattern could indicate shareholder sentiment and liquidity in the market.
Read More: NEWMONT Corp (NEM) Form 144 Filing on April 1, 2023More Materials stocks
Frequently asked questions
Is Newmont Corporation in the S&P 500?
Yes. Newmont Corporation (NEM) is a member of the S&P 500 index, classified in the Materials sector.
What sector is NEM in?
Newmont Corporation is classified in the Materials sector of the S&P 500 — chemical, metal, mining and packaging companies that supply raw inputs.
Where can I find the latest NEM news?
This page collects recent Newmont Corporation (NEM) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is Newmont Corporation's stock price?
As of the most recent market data, Newmont Corporation (NEM) traded at approximately $89.70. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is Newmont Corporation's market cap?
Newmont Corporation has a market capitalization of roughly $95.76B, based on its most recent share price and shares outstanding.
What is NEM's P/E ratio?
NEM trades at a trailing price-to-earnings ratio of about 11.8. The P/E ratio compares a company's share price to its earnings per share.