Newmont Corporation (NEM)
Materials9 articles
Price chart
Why is NEM moving today?
+1.6%NEM is +1.6% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of just now
Newmont Corporation (NEM) overview
Newmont is the world’s largest gold miner.
NEM is a member of the S&P 500. It sits in the Materials sector. That sector covers chemical, metal, mining and packaging companies that supply raw inputs.
Newmont Corporation trades on the NYSE under the ticker symbol NEM. The most recent market data puts the share price at about $117.69. That is up 1.64% on the session. At that price the company is worth roughly $124.01B.
Over the past 52 weeks, NEM has traded between $76.05 and $135.29. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 14.8. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. NEM also pays a dividend. It yields around 0.90% at the current price.
Key statistics
Source: Yahoo Finance - quote as of just now
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch NEM
NEM is one of the larger names in the Materials sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each NEM story as it breaks, and tags it bullish, bearish or neutral.
Size matters here as well. The S&P 500 is weighted by market value. NEM is large enough that its own share price nudges the whole index. So it is worth watching even for investors who only hold index funds.
What moves NEM
- Earnings. NEM reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from NEM.
- Sector news. Materials stocks often move together, so a rival's news can move NEM too.
- Index weight. NEM is big enough to move the S&P 500 on its own.
Market Mood
Latest NEM news
Moderna (MRNA) Leads August with 156% Gain Amid Market Recovery
In August, several S&P 500 stocks rebounded sharply after facing months of bearish pressures. Moderna (MRNA) saw the highest gain, rising 156% due to promising results for its melanoma vaccine. Other significant winners included Palantir (PLTR) with a 51.45% increase and Veeva Systems (VEEV) at 40.2%. This market recovery is crucial as it highlights the resilience and potential growth in key sectors like biotechnology and enterprise software amid prior investor skepticism.
Read More: Moderna (MRNA) Leads August with 156% Gain Amid Market Recovery
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, 2023
Micron, Sandisk, Newmont Lead Notable Premarket Stock Movements
Premarket trading showed significant movements in stocks including Micron, Sandisk, and Newmont. Specific trading volumes and percentage changes for these companies were observed but not detailed in the article. Micron's recent earnings report indicated a 10% decline in revenue compared to last year. The fluctuations in these stocks can affect technology and mining sectors, highlighting investor sentiment in the current market.
Read More: Micron, Sandisk, Newmont Lead Notable Premarket Stock Movements
Premarket Movers: Micron, Alibaba, Five Below, and Newmont Stocks Surge
In today's premarket trading, major stocks such as Micron Technology, Alibaba Group, Five Below, and Newmont Corporation are experiencing significant movements. These fluctuations reflect investor reactions to recent earnings reports, macroeconomic indicators, and sector performance. For instance, Micron is responding to changes in semiconductor demand forecasts, while Alibaba is influenced by ongoing regulatory developments. Observing these early trends can provide insights into broader market sentiment and potential stock volatility as the trading day unfolds.
Read More: Premarket Movers: Micron, Alibaba, Five Below, and Newmont Stocks Surge
Newmont Corporation Shares Decline Following Market Pressures
Newmont Corporation's stock experienced a notable drop today, primarily driven by concerns over fluctuating gold prices and broader market volatility. Analysts cited a decrease in gold demand as a contributing factor, alongside a strengthening U.S. dollar which typically inversely affects commodity prices. The company's recent quarterly earnings report added to investor apprehensions, showing underwhelming performance against expectations. This decline may influence the mining sector as investors recalibrate their positions in response to changing market dynamics.
Read More: Newmont Corporation Shares Decline Following Market PressuresMore Materials stocks
Frequently asked questions
Is Newmont Corporation in the S&P 500?
Yes. Newmont Corporation trades as NEM and is a member of the S&P 500. The index lists it in the Materials sector.
What sector is NEM in?
NEM sits in the Materials sector of the S&P 500.
Where can I find the latest NEM news?
Right here. This page collects recent NEM news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Newmont Corporation's stock price?
NEM last traded at about $117.69. Prices move all through the session, so this is the latest quote rather than a live one.
What is Newmont Corporation's market cap?
NEM is worth roughly $124.01B. Market cap is the share price times the number of shares outstanding.
What is NEM's P/E ratio?
NEM trades at a trailing P/E ratio of about 14.8. The ratio compares the share price with earnings per share over the past year.