最新ニュース Newmont (NYSE:NEM) 株価情報

Newmont

Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

Newmont Corp

New Energy Metals Corp Ordinary Shares

Nemetschek SE

NEMETSCHEK ORD

NEWMONT ORD

Whales with a lot of money to spend have taken a noticeably bearish stance on Newmont.
Looking at options history for Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 16% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $713,310 and 5, calls, for a total amount of $463,240.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $60.0 for Newmont, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Newmont options trades today is 5097.0 with a total volume of 2,750.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Newmont's big money trades within a strike price range of $30.0 to $60.0 over the last 30 days.
<h3>Newmont Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730823356_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$12.5</td>
<td>$12.4</td>
<td>$12.5</td>
<td>$57.50</td>
<td>$352.5K</td>
<td>374</td>
<td style="text-align: right;">283</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$13.5</td>
<td>$13.3</td>
<td>$13.44</td>
<td>$35.00</td>
<td>$295.6K</td>
<td>5.0K</td>
<td style="text-align: right;">220</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$14.85</td>
<td>$14.75</td>
<td>$14.85</td>
<td>$60.00</td>
<td>$142.5K</td>
<td>2</td>
<td style="text-align: right;">97</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$18.85</td>
<td>$18.45</td>
<td>$18.7</td>
<td>$30.00</td>
<td>$56.1K</td>
<td>38</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$12.5</td>
<td>$12.4</td>
<td>$12.5</td>
<td>$57.50</td>
<td>$55.0K</td>
<td>374</td>
<td style="text-align: right;">328</td>
</tr>
</tbody>
</table>

<h3>About Newmont</h3>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
Following our analysis of the options activities associated with Newmont, we pivot to a closer look at the company's own performance.
<h3>Newmont's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,499,891, with NEM's price up by 0.2%, positioned at $45.85.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 107 days.</li>
</ul>
<h3>Expert Opinions on Newmont</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $59.0.
Turn $1000 into $1270 in just 20 days?
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&#x2A; In a cautious move, an analyst from UBS downgraded its rating to Neutral, setting a price target of $54. 
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on Newmont, which currently sits at a price target of $66. 
&#x2A; Reflecting concerns, an analyst from Scotiabank lowers its rating to Sector Perform with a new price target of $55. 
&#x2A; An analyst from RBC Capital persists with their Sector Perform rating on Newmont, maintaining a target price of $53. 
&#x2A; An analyst from UBS persists with their Buy rating on Newmont, maintaining a target price of $67. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Newmont options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Newmont Unusual Options Activity For November 05

Leading gold miner Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) has applied to extend the permit for its Cadia operation, Australia's <a target="_blank" href="https://www.benzinga.com/topic/mining" rel="noreferrer noopener">largest underground mine</a>, until 2050.
Located near Orange in New South Wales (NSW), Cadia plays a significant role in Newmont's portfolio and the Australian mining sector. It produces nearly 600,000 ounces of gold and a large share of the country's copper.
Per <a target="_blank" href="https://www.centralwesterndaily.com.au/story/8806996/newmonts-cadia-mine-expansion-plans-to-2050/" rel="noreferrer noopener">Central Western Daily</a>, extending Cadia's operations would generate significant regional benefits, providing over 2,100 full-time jobs and helping hundreds of regional suppliers. The mine's economic contribution is substantial, as the company spends around $135 million annually on employee salaries.
"The extension of Cadia's operations would be a tangible boost for responsible mining that contributes to global net zero goals, local jobs, and economic growth," said Suzy Retallack, Newmont's Chief Sustainability Officer.
Now Read:<a target="_blank" href="https://www.benzinga.com/markets/esg/24/10/41621596/net-zero-by-2050-might-cost-the-world-78-trillion-wood-mackenzie-estimates" rel="noreferrer noopener"> </a><a target="_blank" href="https://www.benzinga.com/markets/esg/24/10/41621596/net-zero-by-2050-might-cost-the-world-78-trillion-wood-mackenzie-estimates" rel="noreferrer noopener">Net Zero By 2050 Might Cost The World $78 Trillion, Wood Mackenzie Estimates</a>
The NSW Department of Planning, Housing, and Infrastructure will assess the application submitted under the federal Environment Protection and Biodiversity Conservation Act on behalf of the federal government.
Already deemed a state-significant project, Cadia's extension aligns with state and federal priorities for regional economic stability.
The mine recently earned recognition for sustainable production, receiving the Copper Mark and the Molybdenum Mark.
"Our global customers can now choose to source copper concentrate from an independently evaluated mine that meets the highest standards in environmental, social, and governance practices, responding to the increasing demand for sustainable supply chains," Retallack <a target="_blank" href="https://newmont.com/investors/news-release/news-details/2024/Newmont-Cadia-Awarded-The-Copper-Mark-and-The-Molybdenum-Mark/default.aspx" rel="noreferrer noopener">said</a> in an announcement.
Cadia is currently Australia's only operating source of molybdenum, a critical mineral used to strengthen steel without adding excessive weight. The $85 million processing plant can produce around 4.1 million pounds annually.
Newmont's commitment to Cadia reflects its strategic focus on Tier 1 assets. After the industry-shaking merger with Newcrest (whose flagship asset was Cadia), CEO Tom Palmer announced the company would <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/02/37287732/gold-miner-newmont-looks-to-sell-assets-reduce-8b-debt-load" rel="noreferrer noopener">divest from non-strategic operations</a>.
A recent sale of the Akyem operation in Ghana to Zijin Mining is expected to <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41246715/newmont-strikes-1b-deal-for-akyem-sale-focus-sharpens-on-tier-1-assets" rel="noreferrer noopener">generate approximately $1 billion</a>, helping reduce debt and support core asset capital expenditures.
Newmont's stock is 14.74% up year-to-date, significantly lagging gold &#8211; one of the best assets of the year. SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) is up 34% year-to-date.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41605605/gold-hits-record-highs-defies-market-gravity-why-the-precious-metal-is-decoupling-f" target="_blank" rel="noreferrer noopener">Gold Hits Record Highs, Defies Market Gravity: Why The Precious Metal Is Decoupling From Treasury Yields</a></li>
</ul>
Image via Shutterstock

Large Cap

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Newmont Seeks To Extend Largest Australian Mine Until 2050

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5911f1be290fa7000105e630/douglas-harned">Bernstein analyst Douglas Harned</a> downgraded the rating for The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) from Outperform to Market Perform and lowered the price target from $195 to $169. Boeing shares closed at $152.98 on Tuesday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Exane BNP Paribas analyst Karl Ackerman downgraded Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) from Outperform to Neutral and announced a price target of $80. Qorvo shares closed at $100.48 on Tuesday. <a href="https://www.benzinga.com/quote/QRVO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59f9f1ddefacff0001008f5b/dan-levy">Barclays analyst Dan Levy</a> downgraded Lear Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEA#NYSE">LEA</a>) from Overweight to Equal-Weight and lowered the price target from $140 to $120. Lear shares closed at $99.58 on Tuesday. <a href="https://www.benzinga.com/quote/LEA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Daniel Major downgraded the rating for Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) from Buy to Neutral and slashed the price target from $67 to $54. Newmont shares closed at $47.80 on Tuesday. <a href="https://www.benzinga.com/quote/NEM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Michael Roxland downgraded Graphic Packaging Holding Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPK#NYSE">GPK</a>) from Buy to Hold and lowered the price target from $32 to $30. Graphic Packaging shares closed at $28.66 on Tuesday. <a href="https://www.benzinga.com/quote/GPK/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BA stock? Here&#8217;s what analysts think: 
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Downgrades

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Newmont shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered its price target from $67 to $54.

UBS analyst Daniel Major downgrades Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) from Buy to Neutral and lowers the price target from $67 to $54.

Price Target

UBS Downgrades Newmont to Neutral, Lowers Price Target to $54

Renowned economist Peter Schiff questioned the soaring market capitalization of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) proxy company MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) compared to gold mining companies.
What Happened: In a recent X post, Schiff pointed out that MicroStrategy, despite not earning or producing much, has a market valuation exceeding all gold mining companies except for Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), the largest in the sector. 
Schiff even initiated an X poll, asking his followers if MicroStrategy&#8217;s market cap will eventually surpass Newmont&#8217;s. As things turned out, more than 83% voted in favor of such an outcome. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/MicroStrategy?src=hash&amp;ref_src=twsrc%5Etfw">#MicroStrategy</a> earns nothing and practically produces nothing, yet its current market capitalization exceeds that of every <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> mining company in the world except for Newmont, which has a market cap roughly 45% higher. Do you think <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a>&#39;s market cap will surpass <a href="https://twitter.com/search?q=%24NEM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NEM</a>&#39;s?
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1850910060089651484?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As of this writing, MicroStrategy has a market cap of $47.764 billion, narrowly trailing Newmont, which was valued at $54.42 billion. Since the beginning of the year, shares of MicroStrategy have popped an impressive 276.9%, while the gold-mining company has grown by 16.84% year-to-date.
The short-term performance also favors the Bitcoin development company, which jumped 53% over the month compared to Newmont, which fell 10.57% during the same period.
Comparing the technical indicators of the two stocks, all of MicroStrategy&#8217;s moving averages flashed a &#8216;Buy&#8217; signal, while the momentum indicator Moving Average Convergence Divergence, which compares an asset&#8217;s long-term performance versus short-term, was also bullish, <a href="https://in.tradingview.com/symbols/NASDAQ-MSTR/technicals/">according</a> to TradingView. 
On the other hand, Newmont&#8217;s moving averages all <a href="https://in.tradingview.com/symbols/NYSE-NEM/technicals/">indicated </a>a &#8216;Sell&#8217; signal, implying a bearish condition.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41611332/jade-city-launches-mvp-platform-to-revolutionize-50-billion-jade-market-with-blockchain">Jade City Launches MVP Platform To Revolutionize $50 Billion Jade Market With Blockchain</a>
Why It Matters: This wasn&#8217;t the first time Schiff has expressed skepticism towards MicroStrategy. Last week, he <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41478505/peter-schiff-predicts-a-bloodbath-for-microstrategy-stock-calls-it-the-most-overvalued-on-">predicted a crash for the company</a>, terming it the most overvalued stock in the MSCI World Index. &#8220;When it finally crashes, that's gonna be the real bloodbath!" he said. 
Powered by the Bitcoin strategy, MicroStrategy under Michael Saylor has outperformed many top players on Wall Street. With year-to-date gains of 272%, it netted <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41567772/ahead-of-mag-7-earnings-season-michael-saylor-celebrates-bitcoin-proxy-microstrategys-reco">higher returns this year</a> than the &#8220;Magnificent 7&#8221; companies
As of this writing, the company held over $18 billion in Bitcoin on its books,&nbsp;<a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to bitcointreasuries.net.
Price Action: At the time of writing, Bitcoin was exchanging hands at $72,477.89, up 2.20% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Bitcoin&#8217;s rally boosted shares of MicroStrategy up 1.14% to $258.24 on Tuesday.
Photo Courtesy: Wikimedia Commons
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MSTR

Peter Schiff Asks Followers If MicroStrategy Can Tower This Gold Mining Giant In Marketcap — Here's The Message They Delivered

Deep-pocketed investors have adopted a bullish approach towards Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 24 extraordinary options activities for Newmont. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 45% bearish. Among these notable options, 5 are puts, totaling $508,947, and 19 are calls, amounting to $1,660,642.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.5 to $62.5 for Newmont over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Newmont's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Newmont's whale activity within a strike price range from $37.5 to $62.5 in the last 30 days. 
<h3>Newmont 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730128544_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$14.45</td>
<td>$14.35</td>
<td>$14.45</td>
<td>$62.50</td>
<td>$333.7K</td>
<td style="text-align: right;">16</td>
<td style="text-align: right;">236</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$10.1</td>
<td>$10.0</td>
<td>$10.0</td>
<td>$40.00</td>
<td>$140.0K</td>
<td style="text-align: right;">412</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$7.05</td>
<td>$6.95</td>
<td>$7.05</td>
<td>$47.50</td>
<td>$130.4K</td>
<td style="text-align: right;">312</td>
<td style="text-align: right;">185</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$11.35</td>
<td>$11.15</td>
<td>$11.35</td>
<td>$40.00</td>
<td>$113.5K</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$11.35</td>
<td>$11.35</td>
<td>$11.35</td>
<td>$40.00</td>
<td>$113.5K</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">100</td>
</tr>
</tbody>
</table>

<h3>About Newmont</h3>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
<h3>Present Market Standing of Newmont</h3>
<ul>
<li>With a trading volume of 4,094,269, the price of NEM is down by -0.25%, reaching $48.3.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 115 days from now.</li>
</ul>
<h3>What The Experts Say On Newmont</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $60.8.
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&#x2A; An analyst from Scotiabank has revised its rating downward to Sector Perform, adjusting the price target to $55. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Newmont, targeting a price of $53. 
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on Newmont, which currently sits at a price target of $66. 
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Newmont, targeting a price of $63. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Newmont, targeting a price of $67. 
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Looking At Newmont's Recent Unusual Options Activity

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>ICON plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLR#NASDAQ">ICLR</a>) shares plummeted 25.95% after the company reported <a href="https://www.benzinga.com//node/41500867" target="_blank" rel="noreferrer noopener">worse-than-expected results</a>. Several analysts also cut the <a href="https://www.benzinga.com/quote/iclr/analyst-ratings" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Genuine Parts Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) stock tumbled 20.21% after it reported mixed third-quarter results and cut its <a href="https://www.benzinga.com//node/41455012" target="_blank" rel="noreferrer noopener">FY24 EPS below estimates</a>. Multiple analysts cut the <a href="https://www.benzinga.com/quote/gpc/analyst-ratings" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) shares dipped 15.97% after the company reported <a href="https://www.benzinga.com//node/41503948" target="_blank" rel="noreferrer noopener">third-quarter financial results</a>. Analysts trimmed the <a href="https://www.benzinga.com/quote/nem/analyst-ratings" target="_blank" rel="noreferrer noopener">stock&#8217;s price target</a>.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) stock lost 14.71% last week. Several healthcare stocks and hospital operators fell in possible sympathy with HCA Healthcare, which declined on Q3 earnings.</li>
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<li>HCA Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) stock fell 12.51% after reporting <a href="https://www.benzinga.com//node/41544243" target="_blank" rel="noreferrer noopener">worse-than-expected Q3 financial results</a>. The company expects Hurricane Helene&#8217;s impact to continue in 2025.</li>
<li>TopBuild Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLD#NYSE">BLD</a>) stock lost 11.48% last week as homebuilding stocks <a href="https://www.benzinga.com//node/41317881" target="_blank" rel="noreferrer noopener">took a beating</a> due to Hurricane Milton&#8217;s impact.</li>
<li>Carlisle Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>) fell 11.45% last week on <a href="https://www.benzinga.com//node/41529849" target="_blank" rel="noreferrer noopener">worse-than-expected Q3 performance</a>.</li>
<li>Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) stock declined 11.34% after it reported <a href="https://www.benzinga.com//node/41503363" target="_blank" rel="noreferrer noopener">third-quarter financial results</a>. Some analysts trimmed the <a href="https://www.benzinga.com/quote/ter/analyst-ratings" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Comfort Systems USA, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock declined 11.27% after the company reported <a href="https://www.benzinga.com//node/41530044" target="_blank" rel="noreferrer noopener">worse-than-expected Q3 sales results</a>.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/large-cap/24/10/41560908/tesla-li-auto-and-microstrategy-are-among-top-10-large-cap-gainers-last-week-oct-21-oct-25-are-the">Tesla, Li Auto And MicroStrategy Are Among Top 10 Large Cap Gainers Last Week (Oct 21-Oct 25): Are The Others In Your Portfolio?</a></li>
</ul>

Movers

ICLR

Genuine Parts Company, Universal Health Services, And TopBuild Are Among Top 10 Large Cap Losers Last Week (Oct 21-Oct 25): Are The Others In Your Portfolio?

Raymond James analyst Brian MacArthur maintains Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) with a Outperform and raises the price target from $65 to $66.

Raymond James Maintains Outperform on Newmont, Raises Price Target to $66

Newmont shares are trading lower after Scotiabank downgraded the stock from Sector Outperform to Sector Perform and lowered its price target from $59 to $55.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Scotiabank analyst Tanya Jakusconek downgraded Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) from Sector Outperform to Sector Perform and lowered the price target from $59 to $55. Newmont shares closed at $49.25 on Thursday. <a href="https://www.benzinga.com/quote/NEM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel analyst Matthew Smith downgraded the rating for The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) from Buy to Hold and slashed the price target from $40 to $38. Kraft Heinz shares closed at $35.03 on Thursday. <a href="https://www.benzinga.com/quote/KHC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Craig-Hallum analyst Jeremy Hamblin downgraded Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) from Buy to Hold but raised the price target from $154 to $162. Boot Barn shares closed at $160.78 on Thursday. <a href="https://www.benzinga.com/quote/BOOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Kaumil Gajrawala downgraded the rating for The Boston Beer Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAM#NYSE">SAM</a>) from Buy to Hold and slashed the price target from $355 to $325. Boston Beer shares closed at $301.88 on Thursday. <a href="https://www.benzinga.com/quote/SAM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird analyst Peter Arment downgraded Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) from Outperform to Neutral and cut the price target from $223 to $217. Honeywell shares closed at $209.10 on Thursday. <a href="https://www.benzinga.com/quote/HON/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying HON stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="523" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25093108/image-259-1024x523.png" alt="" class="wp-image-614479" style="width:681px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25093108/image-259-1024x523.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25093108/image-259-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25093108/image-259-768x392.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25093108/image-259.png 1247w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/markets/24/10/41528323/jim-cramer-says-hold-on-to-palantir-let-them-walk-it-up-warns-that-travere-therapeutics-is-losing-a">Jim Cramer Says &#8216;Hold On&#8217; To Palantir, &#8216;Let Them Walk It Up&#8217;; Warns That Travere Therapeutics Is Losing A &#8216;Ton Of Money&#8217;</a></li>
</ul>

BOOT

This Honeywell Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Scotiabank analyst Tanya Jakusconek downgrades Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) from Sector Outperform to Sector Perform and lowers the price target from $59 to $55.

Scotiabank Downgrades Newmont to Sector Perform, Lowers Price Target to $55

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Westlake Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>)</h3>
<ul>
<li>Westlake will release its third quarter 2024 earnings before the opening bell on Tuesday, Nov. 5. The company's stock fell around 7% over the past month and has a <a href="https://www.benzinga.com/quote/WLK">52-week low of $112.77</a>.</li>
<li>RSI Value: 27.60&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>WLK Price Action: Shares of Westlake fell 0.9% to close at $134.79 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1">latest WLK news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25080938/image-253.png" alt="" class="wp-image-614255" style="width:589px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25080938/image-253.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25080938/image-253-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25080938/image-253-768x701.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Oct. 23, Newmont reported quarterly GAAP earnings of 76 cents per share and quarterly revenue of $4.605 billion which beat the consensus estimate of $4.568 billion. "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 CEO. The company's stock fell around 13% over the past five days and <a href="https://www.benzinga.com/quote/NEM">has a 52-week low</a> of $29.42.</li>
<li>RSI Value: 20.36</li>
<li>NEM Price Action: Shares of Newmont fell 14.7% to close at $49.25 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1">trend in NEM stock.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="823" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25081114/image-254.png" alt="" class="wp-image-614266" style="width:733px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25081114/image-254.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25081114/image-254-300x270.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25081114/image-254-768x692.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">Olin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>)</h3>
<ul>
<li>On Oct. 24, Olin reported mixed third-quarter financial results. Also, the company said Hurricane Beryl will impact its chemical businesses. Ken Lane, President, and Chief Executive Officer, said, &#8220;During the third quarter, our Olin team worked tirelessly to recover from the effects of Hurricane Beryl. However, despite the team&#8217;s hard work, persistent operating limitations related to the hurricane necessitated an additional outage, which we commenced in late September and successfully completed this month.&#8221; The company's shares fell around 5% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/OLN">low of $39.47</a>.</li>
<li>RSI Value: 27.97</li>
<li>OLN Price Action: Shares of Olin fell 0.1% to close at $45.04 on Thursday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1">breakout in OLN shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="900" height="820" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25081212/image-255.png" alt="" class="wp-image-614271" style="width:671px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25081212/image-255.png 900w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25081212/image-255-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25081212/image-255-768x700.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></a></figure>
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</ul>

Long Ideas

Top 3 Materials Stocks That May Explode In October

During the last three months, 6 analysts shared their evaluations of Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $60.83, a high estimate of $67.00, and a low estimate of $53.00. This current average has increased by 12.23% from the previous average price target of $54.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1729800016_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Newmont. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Josh Wolfson</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$53.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Daniel Major</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$67.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Matthew Murphy</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Daniel Major</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>David Coleman</td>
<td>Argus Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$58.00</td>
<td>-</td>
</tr>
<tr>
<td>Tanya Jakusconek</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$59.00</td>
<td>$48.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Newmont. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Newmont compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Newmont's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Newmont's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/NEM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Newmont analyst ratings.</a>
<h2>Get to Know Newmont Better</h2>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
<h3>Newmont's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Newmont's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 64.07%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 19.38%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Newmont's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.93% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Newmont's ROA stands out, surpassing industry averages. With an impressive ROA of 1.54%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.31, caution is advised due to increased financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Newmont's Future

During the last three months, 6 analysts shared their evaluations of Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Newmont, revealing an average target of $60.83, a high estimate of $67.00, and a low estimate of $53.00. This current average has increased by 12.23% from the previous average price target of $54.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1729789308_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The analysis of recent analyst actions sheds light on the perception of Newmont by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Josh Wolfson</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$53.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Daniel Major</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$67.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Matthew Murphy</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Daniel Major</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>David Coleman</td>
<td>Argus Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$58.00</td>
<td>-</td>
</tr>
<tr>
<td>Tanya Jakusconek</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$59.00</td>
<td>$48.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Newmont. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Newmont compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Newmont's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Newmont's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NEM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Newmont analyst ratings.</a>
<h2>Discovering Newmont: A Closer Look</h2>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
<h3>Financial Insights: Newmont</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Newmont's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 64.07%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: Newmont's net margin is impressive, surpassing industry averages. With a net margin of 19.38%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.93%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Newmont's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.54% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 0.31, Newmont faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 6 Ratings For Newmont

Tech stocks outperformed on Thursday, driven by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which skyrocketed 18% in midday trading following stronger-than-<a href="https://www.benzinga.com/news/24/10/41515376/tesla-to-rally-more-than-24-here-are-10-top-analyst-forecasts-for-thursday">expected quarterly financial results. </a>
The electric vehicle giant is on track for its best session since March 2021.
Despite Tesla&#8217;s spectacular rally, broader market sentiment remained cautious, reflecting recent trends of subdued risk appetite.
In macroeconomic news, weekly jobless claims dropped significantly, coming in below expectations and suggesting ongoing resilience <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41517353/jobless-claims-fall-more-than-expected-continuing-benefits-surge-to-nearly-3-year-h">in the labor market. </a>
Meanwhile, private sector activity surveys revealed better-than-expected conditions in both services and manufacturing this month and a further <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41520604/us-private-sector-growth-remains-strong-in-october-price-pressures-now-consistent">reduction in price pressures. </a>
Both the S&amp;P 500 and Russell 2000 traded flat, while the Dow Jones fell 0.6%. The consumer discretionary sector led gains, heavily influenced by Tesla's stellar performance.
The U.S. dollar softened slightly, and Treasury yields edged lower, easing pressure on gold. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) rose 0.6%.
Oil prices dropped 1%, heading for a second consecutive day of losses. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gained 1.8%. 
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,164.58</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,796.37</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,207.55</td>
<td>0.0% </td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,259.72</td>
<td>-0.6% </td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $577.32.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.7% to $422.33.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.4% to $489.81.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% down to $218.88.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 2.5%, predominately affected by Tesla. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to earnings results include: 
<ul>
<li>T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), up over 4%, </li>
<li>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), down over 6%,</li>
<li>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), up over 5%,</li>
<li>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), up 3.8%,</li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), down over 9%,</li>
<li>United Rentals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), down 2%,</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), up 1.3%,</li>
<li>Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), up over 7%,</li>
<li>S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>), down 2.4%,</li>
<li>Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), down 5%, </li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), down 4.4%, </li>
<li>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), up 3.4%, </li>
<li>United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), up 5.1%, </li>
<li>Carrier Global Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), down 7%, </li>
<li>Nasdaq Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>), up 1.6%, </li>
<li>Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), up 0.7%, </li>
<li>CBRE Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) up by over 9%, </li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), down 1.1%,</li>
</ul>
<ul>
<li>Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) dropped over 3%, despite posting better-than-expected results and reaching a deal with Elliott Investment Management on the board&#8217;s composition. However, the CEO warned of potential delivery delays due to Boeing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) ongoing machinist strike.</li>
</ul>
Large-cap companies slated to report results after the close include Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Ameriprise Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>), Edward Lifesciences Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>), ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>), DexCom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), and Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>). 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars">Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars</a></li>
</ul>
Image created using artificial intelligence via MidJourney .

Equities

Mid Cap

Sector ETFs

Broad U.S. Equity ETFs

Small Cap

Econ #s

Tech

ETFs

CARR

CBRE

DECK

SPDR Dow Jones Industrial Average ETF Trust

DXCM

LRCX

NDAQ

SPGI

TMUS

TSLA

XLRE

Select Sector SPDR-Consumer Discretionary

Tech Stocks Rebound, Tesla Marks Best 1-Day Gain Since March 2021, Gold Rises As Treasury Yields Ease: What's Driving Markets Thursday?

<h3>Gainers</h3>
<h3>Losers</h3>
<ul>
<li>Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) stock fell 13.7% to $49.82 during Thursday's regular session. The company's market cap stands at $57.1 billion. The company's, Q3 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-basic-materials-stocks/" title="www.benzinga.com/money/best-basic-materials-stocks/">www.benzinga.com/money/best-basic-materials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

1 Materials Stocks Moving In Thursday's Intraday Session

RBC Capital analyst Josh Wolfson maintains Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) with a Sector Perform and lowers the price target from $54 to $53.

RBC Capital Maintains Sector Perform on Newmont, Lowers Price Target to $53

Newmont shares are trading lower. The company reported Q3 financial results.

Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) reported its third-quarter results after Wednesday's closing bell. Here's a look at the key <a href="https://www.benzinga.com/pressreleases/24/10/b41500335/newmont-reports-third-quarter-2024-results">figures from the quarter.  </a>
The Details: Newmont reported quarterly GAAP earnings of 76 cents per share and quarterly revenue of $4.605 billion which beat the consensus estimate of $4.568 billion. 
<ul>
<li>The company produced 1.7 million attributable gold ounces, primarily driven by the production of 1.4 million gold ounces from Newmont&#8217;s Tier 1 portfolio, as well as 430 thousand gold equivalent ounces (GEOs) from copper, silver, zinc and lead, including 37 thousand tonnes of copper.</li>
<li>Gold AISC per ounce increased 3% to $1,611 per ounce compared to the prior quarter primarily due to higher CAS.</li>
<li>Average realized gold price was $2,518, an increase of $171 per ounce over the prior quarter. </li>
</ul>
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41431993/amd-to-benefit-from-ai-competitive-arms-race-goldman-sachs"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41497160/starbucks-analysts-bullish-on-ceo-brian-niccol-after-tough-preannouncement-zeroing-">Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: &#8216;Zeroing In&#8217; On Right Issues</a>
&#8220;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,&#8221; said Tom Palmer, Newmont&#8217;s president and CEO.
&#8220;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 continue reducing debt and repurchasing shares, creating significant and lasting value for our shareholders,&#8221; Palmer added. 
Outlook: The company said fourth-quarter production is expected to be the highest of the year driven primarily by improved grades at Peñasquito and Tanami, improved throughput at Lihir after the expected completion of the planned autoclave maintenance and sequential improvements delivered from its non-managed joint venture operation at Nevada Gold Mines. Newmont said it is positioned to meet its 2024 production guidance and expects to deliver attributable production of 1.8 million gold ounces at an All-In Sustaining Cost (AISC) of $1,475 per ounce in the fourth quarter. 
NEM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Newmont shares are down 5.01% after-hours at $54.85 at the time of publication Wednesday.
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/10/41489239/bank-of-america-ceo-cautions-fed-not-to-go-too-fast-or-too-slow-on-interest-rate-cuts">Bank Of America CEO Cautions Fed Not To &#8216;Go Too Fast Or Too Slow&#8217; On Interest Rate Cuts</a></li>
</ul>
Photo: Shutterstock

Earnings

After-Hours Center

Gold Miner Newmont Corp Stock Falls After Q3 Results: Details

Newmont Mining (NEM – Research Report) received a Hold rating and price target from CIBC analyst Anita Soni yesterday. The company's shares closed ...

CIBC downgrades Newmont Mining (NEM) to a Hold

UBS downgraded Newmont (NEM) to Neutral from Buy with a price target of $54, down from $67. The firm has "limited conviction" in Newmont's ability ...

Newmont downgraded to Neutral from Buy at UBS

Call overwriting and call buying opportunities within the Russell 1000 – JPM

Stocks with cheap implied volatility – JPM

Newmont, Barrick Gold tilt lower as UBS downgrades

Notable Top And Bottom S&P 500 Stocks In October 2024

Newmont snaps eight straight session of losses

In a report released today, Bob Brackett from Bernstein maintained a Hold rating on Newmont Mining (NEM – Research Report), with a price target of ...

Newmont Mining (NEM) Gets a Hold from Bernstein

In a report released on November 4, Josh Wolfson from RBC Capital maintained a Hold rating on Newmont Mining (NEM – Research Report), with a price ...

Newmont Mining (NEM) Receives a Hold from RBC Capital

Gold is a stable investment now due to its role as a safe-haven asset during economic uncertainty, rising demand, industrial use, and growth, bolstered by central bank purchases and interest rate cuts. Therefore, investors should consider investing in top gold stocks such as Newmont (NEM), Barrick Gold (GOLD), and Agnico Eagle Mines (AEM). Read more... Gold has long been considered a reliable store of value during times of economic uncertainty, such as geopolitical tensions or inflation. As a safe-haven asset, it often performs well alongside the U.S. dollar, offering protection from market volatility.
To take advantage of this trend, investing in strong gold stocks like Newmont Corporation (<a href="https://stocknews.com/stock/NEM/">NEM</a>), Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), and Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>) can be a smart strategy as demand for safe-haven assets rises.
Unlike other assets that generate returns through interest rates or dividends, gold's value remains independent of these factors, making it particularly appealing during uncertain times when other investments may face volatility. Beyond its financial value, gold holds cultural significance and is used in various industries, including electronics, healthcare, semiconductors, and space exploration.
This year, gold has reached multiple all-time highs, and according to Goldman Sachs Research, it is expected to rise even further. With central banks in emerging markets increasing their gold purchases, the precious metal is forecasted to reach <a href="https://www.goldmansachs.com/insights/articles/gold-predicted-to-climb-higher-than-expected-as-records-shatter">$3,000 per troy ounce</a> by the end of 2025.
Furthermore, macro uncertainties are driving up demand for gold as a hedge against instability. With the Fed expected to <a href="https://www.reuters.com/markets/us/tight-credit-conditions-add-case-fed-interest-rate-cut-2024-11-06/">cut interest rates</a> on November 7, 2024, due to declining inflation, cooling labor markets, and tight credit conditions, investors are flocking to gold to preserve wealth. Moreover, continued buying during price corrections further strengthens market stability.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> picks, beginning with the third choice.
Stock #3: Newmont Corporation (<a href="https://stocknews.com/stock/NEM/">NEM</a>)
NEM engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
On October 29, 2024, NEM commissioned its first battery-electric large mining truck, the Cat 793 XE, at its Cripple Creek and Victor mine, advancing its commitment to sustainable mining and emissions reduction.
On October 15, 2024, NEM and MKS PAMP launched a traceable 1oz Lady of Liberty gold bar, exclusively using Newmont-mined gold and refined by MKS PAMP in Switzerland. This initiative provides transparency and assures consumers of the gold's origin through Provenance technology.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a>, NEM's 38.58% is 34.9% higher than the 28.59% industry average. Likewise, its 35.37% trailing-12-month EBITDA margin is 115.7% higher than the 16.40% industry average. Also, its 6.05% trailing-12-month Return on Total Capital is 23.1% higher than the 4.91% industry average.
NEM's sales for the fiscal third quarter ended September 30, 2024, rose 84.7% year-over-year to $4.61 billion. Its adjusted EBITDA increased 110.8% over the prior-year quarter to $1.97 billion. Also, the company's adjusted net income and adjusted net income per common share attributable to NEM's stockholders were $936 million and $0.81, reflecting increases of 227.3% and 125% year-over-year, respectively.
Analysts expect NEM's EPS and revenue for the quarter ending December 31, 2024, to increase 115.9% and 29.8% year-over-year to $1.08 and $5.14 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past nine months, NEM's stock has gained 32.2% to close the last trading session at $44.08.
NEM's promising outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Growth. Within the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry, it is ranked #26 out of 42 stocks. To see NEM's ratings for Value, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/NEM/">click here</a>.
Stock #2: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
Based in Toronto, Canada, GOLD engages in the exploration, mine development, production, and sale of gold and copper properties internationally. The company also explores and sells silver and energy materials. It holds ownership interests in gold-producing mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.
On October 2, 2024, GOLD announced the official launch of the Super Pit Expansion at its Lumwana copper mine in Zambia, which aims to double copper production and transform Lumwana into a top 25, Tier One copper producer. The $2 billion project will support local capacity development, create thousands of jobs, and stimulate regional growth.
In terms of the trailing-12-month levered FCF margin, GOLD's 8.53% is 68.1% higher than the 5.07% industry average. Similarly, its 44.69% trailing-12-month EBITDA margin is 172.5% higher than the industry average of 16.40%. Its 24.73% trailing-12-month EBIT margin is 129.4% higher than the industry average of 10.78%.
In the second quarter, which ended June 30, 2024, GOLD's revenues grew 11.6% year-over-year to $3.16 billion. Similarly, the company's attributable EBITDA increased 30.5% year-over-year to $1.29 billion. Its adjusted net earnings were $557 million, or $0.32 per share, up 65.8% and 68.4% from the year-ago values, respectively.
Street expects GOLD's EPS and revenue for the quarter ended September 30, 2024, to increase 31.8% and 16.6% year-over-year to $0.32 and $3.34 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past nine months, GOLD's stock has gained 19.4% to close the last trading session at $18.11.
GOLD's POWR Ratings reflect its bright outlook. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Quality. It is ranked #11 in the same industry. To see GOLD's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/GOLD/">click here</a>.
Stock #1: Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>)
Headquartered in Toronto, Canada, AEM is a gold mining company involved in the exploration, development, and production of precious metals. It explores for gold, with mines located in Canada, Australia, Finland, and Mexico, and exploration and development activities across Canada, Australia, Europe, Latin America, and the United States.
In terms of the trailing-12-month Return on Total Capital, AEM's 6.70% is 36.3% higher than the 4.91% industry average. Its 23.75% trailing-12-month levered FCF margin is 368% higher than the 5.07% industry average. In addition, its 21.51% trailing-12-month Capex / Sales is 174.2% higher than the 7.84% industry average.
During the third quarter, which ended September 30, 2024, AEM's revenues from mining operations increased by 31.2% from the year-ago value to $2.16 billion. The company's adjusted net income was $572.58 million and $1.14 per share, indicating increases of 167.3% and 159.1% from the prior year's period, respectively. Its adjusted EBITDA was $1.26 billion, up 63.5% year-over-year.
For the quarter ending December 31, 2024, AEM's EPS and revenue are expected to grow 110.4% and 21.8% year-over-year to $1.20 and $2.14 billion, respectively. It surpassed the EPS estimates in each of the trailing four quarters. Over the past nine months, AEM's stock has gained 75.1% to close the last trading session at $83.14.
AEM's POWR Ratings reflect solid fundamentals. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked #9 in the Miners – Gold industry. It has an A grade for Sentiment and a B for Growth and Quality. <a href="https://stocknews.com/stock/AEM/">Click here</a> to access additional ratings for AEM's Value, Momentum, and Stability ratings.
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<hr />
NEM shares were trading at $44.43 per share on Wednesday afternoon, down $1.57 (-3.41%). Year-to-date, NEM has gained 9.37%, versus a 25.59% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/nem-aem-gold-3-gold-stocks-to-buy-as-safe-haven-demand-grows/>3 Gold Stocks to Buy as Safe-Haven Demand Grows</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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