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Newmont (NEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company) announced today that it has commenced offers (each, a “Tender Offer” and, collectively, the “Tender Offers”) to purchase for cash up to $2,000 million aggregate principal amount (the “Aggregate Cap”) of its outstanding series of notes listed in the table below (collectively, the “Notes”). The Tender Offers are being made pursuant to the terms and subject to the conditions set forth i.
NEM posts record $1.7B Q2 free cash flow, but looming headwinds raise questions about sustaining the momentum.
Div idend stocks ha ve long been a mainstay for investors focused on reliable returns and consistent income.
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM) delivered a very strong quarter, according to analysts at Jefferies who raised their price target on the stock citing beats across production, earnings and free cash flow. The analysts raised their price target to $73 from $68, implying upside of 19% from current levels.
To gain an edge, this is what you need to know today.
Newmont (NEM) shares jumped Friday after the gold mining giant posted quarterly earnings that topped expectations, with a boost from soaring gold prices. It also announced a new share repurchase program.
NEM beats Q2 estimates with higher gold prices, driving a 21% revenue jump and nearly doubling adjusted EPS.
Top-ranked stocks Affirm (AFRM), Roku (ROKU), Amazon.com (AMZN), Robinhood Markets (HOOD) and Newmont (NEM) are likely to beat on the bottom line in their upcoming releases.
The outlook remains bullish as Newmont capitalizes on record gold prices and robust demand amid ongoing global uncertainty. Q2 earnings beat expectations with strong revenue and EPS growth, driven by high gold prices and disciplined cost management. Valuation remains attractive, with forward P/E ratios well below sector averages and consensus price targets offering solid upside.