Newmont Corporation Shares Drop Significantly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: NASDAQ.COM
- Poor Stock Performance: Newmont Corporation (NEM) closed at $99.71, down 7.96% from the previous session, significantly underperforming the S&P 500's 2.65% loss, indicating weakness in the company's market position.
- Monthly Underperformance: Over the past month, NEM shares have depreciated by 4.55%, while the Basic Materials sector gained 4.79%, suggesting a lack of competitiveness that could undermine investor confidence.
- Optimistic Earnings Outlook: The upcoming earnings report is expected to show an EPS of $2.25, up 57.34% year-over-year, with quarterly revenue projected at $6.19 billion, a 16.38% increase, which may help boost market sentiment.
- Valuation Analysis: Newmont's current forward P/E ratio stands at 10.94, slightly above the industry average of 9.45, while its PEG ratio of 1.8 indicates potential for future earnings growth, which may attract long-term investors' interest.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to rise
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 99.710
Low
89.00
Averages
110.85
High
125.00
Current: 99.710
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Employment Data: US nonfarm payrolls rose by 172,000 in May, significantly exceeding expectations of 88,000, while the unemployment rate held steady at 4.3%, potentially prompting the Fed to consider a rate hike at the upcoming meeting, thereby affecting market liquidity and investor sentiment.
- Rising Bond Yields: The 10-year Treasury yield climbed to 4.55%, a two-week high, reflecting heightened expectations for future rate hikes, which may lead to capital outflows from the stock market, further exacerbating market volatility.
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- Monthly Underperformance: Over the past month, NEM shares have depreciated by 4.55%, while the Basic Materials sector gained 4.79%, suggesting a lack of competitiveness that could undermine investor confidence.
- Optimistic Earnings Outlook: The upcoming earnings report is expected to show an EPS of $2.25, up 57.34% year-over-year, with quarterly revenue projected at $6.19 billion, a 16.38% increase, which may help boost market sentiment.
- Valuation Analysis: Newmont's current forward P/E ratio stands at 10.94, slightly above the industry average of 9.45, while its PEG ratio of 1.8 indicates potential for future earnings growth, which may attract long-term investors' interest.
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- Technical Indicator Observation: Data from TechnicalAnalysisChannel.com highlights that NEM's performance in relation to its 200-day moving average is noteworthy, as several metals stocks have recently crossed below this average, potentially signaling a shift in market trends that investors should carefully assess.
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- Investor Focus: As NEM's stock price approaches its 52-week low, investors may reassess their strategies, considering whether to buy or hold at current levels to navigate future market uncertainties.
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- Strong Employment Data: US nonfarm payrolls rose by 172,000 in May, significantly exceeding expectations of 88,000, while the unemployment rate held steady at 4.3%, potentially prompting the Fed to consider a rate hike at the upcoming meeting, thereby affecting market liquidity and investor sentiment.
- Rising Bond Yields: The 10-year Treasury yield climbed to 4.55%, a two-week high, reflecting heightened expectations for future rate hikes, which may lead to capital outflows from the stock market, further exacerbating market volatility.
- Tech Stock Retreat: Following Broadcom's disappointing chip sales outlook, Marvell and Micron stocks plummeted over 16% and 13%, respectively, suggesting that the market's overly optimistic sentiment towards tech stocks may be correcting, impacting investor confidence.
See More
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- Poor Stock Performance: Newmont Corporation (NEM) closed at $99.71, down 7.96% from the previous session, significantly underperforming the S&P 500's 2.65% loss, indicating weakness in the company's market position.
- Monthly Underperformance: Over the past month, NEM shares have depreciated by 4.55%, while the Basic Materials sector gained 4.79%, suggesting a lack of competitiveness that could undermine investor confidence.
- Optimistic Earnings Outlook: The upcoming earnings report is expected to show an EPS of $2.25, up 57.34% year-over-year, with quarterly revenue projected at $6.19 billion, a 16.38% increase, which may help boost market sentiment.
- Valuation Analysis: Newmont's current forward P/E ratio stands at 10.94, slightly above the industry average of 9.45, while its PEG ratio of 1.8 indicates potential for future earnings growth, which may attract long-term investors' interest.
See More
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- Price Fluctuation Analysis: NEM's stock has a 52-week low of $52.08 and a high of $134.88, with the last trade at $100.40, indicating significant volatility between these points, reflecting varying market expectations and sentiment towards the stock.
- Technical Indicator Observation: Data from TechnicalAnalysisChannel.com highlights that NEM's performance in relation to its 200-day moving average is noteworthy, as several metals stocks have recently crossed below this average, potentially signaling a shift in market trends that investors should carefully assess.
- Market Sentiment Impact: The current stock price of $100.40, compared to the 52-week high of $134.88, suggests a gap that may affect investor confidence and buying decisions, particularly in a climate of increased market volatility.
- Investor Focus: As NEM's stock price approaches its 52-week low, investors may reassess their strategies, considering whether to buy or hold at current levels to navigate future market uncertainties.
See More
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- Market Weakness: The S&P 500 index fell by 1.00% and the Nasdaq 100 dropped by 2.08%, both reaching two-week lows, indicating a significant investor rotation out of AI infrastructure and semiconductor stocks, which could impact future investment strategies.
- Strong Employment Data: US nonfarm payrolls rose by 172,000 in May, significantly exceeding expectations of 88,000, with April's figures revised up to 179,000, demonstrating economic resilience that may prompt the Fed to consider a rate hike in the upcoming meeting.
- Rising Bond Yields: The 10-year Treasury note yield reached a two-week high of 4.54%, reflecting heightened market expectations for a Fed interest rate increase, which may lead investors to reassess risks in the stock market.
- International Market Declines: European and Asian stock markets are generally lower, with China's Shanghai Composite falling to a seven-week low, indicating that global economic uncertainties could have a ripple effect on the US market.
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- Technical Analysis Tool: Comparing the current stock price to the 200-day moving average can provide valuable insights for investors, helping to assess market trends and potential buying opportunities.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the underlying holdings of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs helps identify those experiencing significant inflows or outflows, providing timely insights into market dynamics and potential impacts on individual stocks.
See More
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- Executive Appointment: Thesis Gold & Silver Inc. has appointed Dimitry Demianyuk as Executive Vice President of Project Development, effective June 21, 2026, leveraging his over 20 years of mining project development experience to drive progress on the Lawyers-Ranch project.
- Rich Project Experience: Demianyuk previously served as Vice President of Project Development at Discovery Silver, where he successfully advanced the Cordero Project's PEA, PFS, and feasibility studies, establishing it as one of Mexico's largest next-generation greenfield silver development projects, showcasing his capability in advancing large-scale projects.
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