Macquarie initiated coverage on Newmont Goldcorp with a new price target
$NEM
Precious Metals
Basic Materials
Macquarie initiated coverage of Newmont Goldcorp with a rating of Outperform and set a new price target of $45.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $67.00 → $54.00 | Buy → Neutral | UBS |
| 10/28/2024 | Sector Outperform → Neutral | CIBC | |
| 10/25/2024 | Sector Outperform → Sector Perform | Scotiabank | |
| 8/29/2024 | Hold → Buy | Argus | |
| 8/19/2024 | $48.00 → $59.00 | Sector Perform → Sector Outperform | Scotiabank |
| 7/10/2024 | $61.00 | Neutral → Sector Outperform | CIBC |
| 7/8/2024 | Overweight → Neutral | JP Morgan | |
| 6/17/2024 | $40.00 → $50.00 | Neutral → Buy | UBS |
4 - NEWMONT Corp /DE/ (0001164727) (Issuer)
4 - NEWMONT Corp /DE/ (0001164727) (Issuer)
4 - NEWMONT Corp /DE/ (0001164727) (Issuer)
UBS downgraded Newmont Corporation from Buy to Neutral and set a new price target of $54.00 from $67.00 previously
CIBC downgraded Newmont Corporation from Sector Outperform to Neutral
Scotiabank downgraded Newmont Corporation from Sector Outperform to Sector Perform
10-Q - NEWMONT Corp /DE/ (0001164727) (Filer)
8-K - NEWMONT Corp /DE/ (0001164727) (Filer)
SD - NEWMONT Corp /DE/ (0001164727) (Filer)
Newmont Corporation (NYSE:NEM, ASX: NEM, TSX:NGT, PNGX: NEM))) (Newmont or the Company) today announced third quarter 2024 results and declared a third quarter dividend of $0.25 per share. "In the third quarter, Newmont delivered 2.1 million gold equivalent ounces and generated $760 million in free cash flow from our world-class portfolio," said Tom Palmer, Newmont's President and Chief Executive Officer. "We continue to make meaningful progress on our non-core divestment program with the two transactions announced in the quarter, which are expected to deliver up to $1.5 billion in combined gross proceeds. Our divestiture progress and strong free cash flow generation have positioned us to
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX: NEM, PNGX: NEM))) will release its third quarter 2024 operations and financial results after market close on Wednesday, October 23, 2024, and will hold a conference call to discuss results on Thursday, October 24, 2024 at 11:00 a.m. Eastern Daylight Time (9:00 a.m. Mountain Daylight Time). Conference Call Details Dial-In Number 833.470.1428 Intl Dial-In Number 404.975.48391 Dial-in Access Code 037611 Conference Name Newmont Replay Number 866.813.9403 Intl Replay Number 929.458.6194 Replay Access Code 197186 Webcast Details Title: Newmont Third Quarter 2024 Earnings Confer
Newmont Corporation (NYSE:NEM, ASX: NEM, TSX:NGT, PNGX: NEM))) (Newmont or the Company) today announced second quarter 2024 results and declared a second quarter dividend of $0.25 per share. "Newmont delivered a solid second quarter, producing 2.1 million gold equivalent ounces and generating $594 million in free cash flow," said Tom Palmer, Newmont's President and Chief Executive Officer. "We continued to advance our divestiture program and, to date, have announced $527 million in proceeds this year. With this momentum, we completed $250 million in share repurchases and repaid $250 million in debt. As we head into the second half of the year, we remain confident in our ability to continu
The addition of the Cat truck to Newmont's fleet reflects commitment to implementing more sustainable mining practices Newmont Corporation (NYSE:NEM, TSX:NGT, ASX: NEM, PNGX: NEM)) ("Newmont") today announces the commissioning of its first battery-electric large mining truck at the Cripple Creek and Victor (CC&V) mine in Teller County, Colorado, U.S. The vehicle, dubbed the Early Learner Cat® 793 XE, is an important milestone for Newmont, made possible through its strategic alliance with Caterpillar Inc. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029254346/en/ "The arrival of the Early Learner Cat 793 XE underscores our o
Transaction marks K1's seventh exit of 2024 and will contribute to over $2.9 billion in enterprise value realized YTD MANHATTAN BEACH, Calif., Oct. 28, 2024 /PRNewswire/ -- K1 Investment Management, LLC ("K1"), one of the largest investors in small-cap enterprise software companies, today announced that its portfolio company Irwin, a leading provider of investor relations (IR) and capital markets software, has entered into a definitive agreement to be acquired by FactSet (NYSE:FDS, NASDAQ:FDS), a global financial digital platform and enterprise solutions provider. The transaction is expected to close in the coming weeks and marks K1's second exit to a publicly traded strategic buyer since th
The award is a competitive process with U.S. companies nominated by ambassadors from around the world Newmont Corporation (NYSE:NEM, TSX:NGT, ASX: NEM, PNGX: NEM))) today announces its operations in Suriname has been awarded with the United States of America Secretary of State's Award for Corporate Excellence in the Climate Resilience category. This recognition, highlights Newmont's pivotal role in advancing Suriname's economic development and the company's commitment to sustainability and corporate responsibility. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028794086/en/ "Newmont is honored to receive this prestigious awa
SC 13G/A - NEWMONT Corp /DE/ (0001164727) (Subject)
SC 13G/A - NEWMONT Corp /DE/ (0001164727) (Subject)
SC 13G/A - NEWMONT Corp /DE/ (0001164727) (Subject)
Newmont (NYSE:NEM) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.62 by 16.13 percent. The company reported quarterly sales of $4.402 billion which beat the analyst consensus estimate of $4.116 billion by 6.95 percent. This is a 64.07 percent increase over sales of $2.683 billion the same period last year.
Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:MAGS) fell 4.9%, marking the worst daily performance since the fund’s inception last year. Tesla shares plummeted over 11% after missing earnings exp
Whales with a lot of money to spend have taken a noticeably bullish stance on Newmont. Looking at options history for Newmont (NYSE:NEM) we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 25% with bearish. From the overall spotted trades, 3 are puts, for a total amount of $348,470 and 5, calls, for a total amount of $350,921. Predicted Price Range Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $60.0 for Newmont over the last 3 months. Insights into Volume & Open Interest In today's trading co
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX: NEM, PNGX: NEM))) today announced the appointment of Harry M. (Red) Conger to its Board of Directors, who will also serve on the Safety and Sustainability Committee. Red brings over 46 years of extensive mining and leadership experience to Newmont's Board of Directors, having recently retired from Teck Resources, where he served as President and Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240627078254/en/Newmont Welcomes Industry Veteran Red Conger to Board of Directors (Photo: Business Wire) "We are pleased to welcome Red Conger to Newmont's Board of Direc
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX: NEM, PNGX: NEM))) today announced the appointment of Francois Hardy as Chief Technology Officer (CTO). Francois will join Newmont's Executive Leadership Team and lead the technical work across the business to improve operational performance and drive growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419973025/en/Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer (Photo: Business Wire) Francois will take over from interim CTO, Dean Gehring, who also served in a dual role as Newmont's Chief Integration Officer. After a period of transition, Dean
Peter brings vast international experience in managing legal, risk, compliance, M&A, antitrust and corporate governance affairs Newmont Corporation (NYSE:NEM, TSX:NGT, ASX: NEM, PNGX: NEM))) today announced the appointment of Peter Wexler as Chief Legal Officer. Peter will join Newmont's Executive Leadership Team and be responsible for leading the company's legal, compliance and regulatory affairs globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240123636145/en/Newmont Strengthens Leadership Team with Appointment of Industry Leader Peter Wexler as Chief Legal Officer (Photo: Business Wire) Peter is an experienced legal