How to Buy Newmont Stock
Newmont Corp
Newmont is a gold company located in Colorado, United States, which is part of the Basic Materials sector, and is traded under the ticker NEM on the NYSE exchange.
Newmont stock last closed at $38.55, down 0.03% from the previous day, and has decreased 21.1% in one year. It has underperformed other stocks in the Gold industry by 0.09 percentage points. Newmont stock is currently +31.03% from its 52-week low of $29.42, and -23.18% from its 52-week high of $50.18.
As of Apr 18, 2024, there are 1.15B shares of NEM outstanding. The market value of NEM is $44.43B. In the last 24 hours, 6.41M NEM shares were traded.
How to Buy Newmont Stock
Wondering how to invest in Newmont stock? Here's how.
- Choose where to buy Newmont stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Newmont stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- Research Newmont stock: The Newmont ticker symbol is NEM. Is Newmont stock a good investment? Should you buy shares of NEM? How do NEM's underlying business fundamentals look? Do top analysts think Newmont is a good buy? Why has NEM's stock price moved recently? (Hint: Our stock analysis website can help you understand if NEM is a good stock to buy).
- Execute your NEM trade: Decide if you will purchase NEM shares at the current market price or use a limit order to buy NEM shares at a given price.
- Keep tabs on your NEM investment: Create a watchlist to get live updates on your new investment in Newmont stock.
Step 1: Choose where to buy Newmont stock
You will need a brokerage account to access the NYSE market and buy NEM shares.
Our recommended brokerage: eToro
We believe that eToro is the best online stock brokerage. eToro gives you:
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- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal information so you can buy NEM stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open a new trading account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on mobile trading apps, you need to deposit funds:
Check out the walkthrough below for more details transferring funds into your investment account.
Step 4: Research Newmont stock
Once you have identified the best place to buy Newmont stock, it's absolutely critical to research their stock before you invest, so you can understand the risk and opportunity.
Newmont shares data
Fundamentals of NEM
WallStreetZen was created to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on NEM's stock page.
What is the fair value of NEM stock?
Analysts use many financial metrics, analyses, models, and charts to gauge NEM's fair value.
Using relative valuations metrics:
- NEM may be undervalued based on its P/B ratio of 1.53x, relative to Gold industry P/B ratio of 1.7x
You can access additional valuation research on NEM's stock here.
A quick look at NEM Financials
Positive Financial Indicators:
- NEM's operating cash flow of $2.76B allows it to safely service it's debt of $9.44B.
- There are more short-term assets than short-term liabilities on the NEM balance sheet.
Negative Financial Indicators:
- NEM has a relatively high debt to equity ratio of 0.91.
- NEM profit margin has gone down from -3.6% to -21.1% in the past year.
- Total NEM debt is higher than 5 years ago, relative to shareholder equity.
- NEM earnings of -$1.73B is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the NEM balance sheet.
Is Newmont stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 7 Equities analysts who research NEM, the consensus analyst rating on Newmont is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest NEM Analyst Recommendations
Cleveland Rueckert, a top 35% analyst from UBS maintains NEM with a hold rating and lowers their NEM price target from $42.00 to $40.00, on Dec 13, 2023.
Andrew Bowler, a bottom 43% analyst from Macquarie initiates coverage on NEM with a buy rating and announces their NEM price target of $45.00, on Nov 21, 2023.
You can dive deeper into what analysts are forecasting on the Newmont stock forecast page.
NEM Technical Indicators
NEM Performance Metrics
Last year, NEM revenue was $11.81B. Over the past five year, NEM's revenue has gone up by 10.25% per year. This was slower than the Gold industry average of 15.81%.
You can research NEM's earnings and revenue performance here.
Are NEM insiders buying or selling the stock?
Over the last year, executives and large shareholders at NEM have sold more shares than they have bought.
Robert D. Atkinson, EVP COO of NEM, was the latest NEM insider to sell. They sold $65,781.58 worth of NEM shares on Feb 28, 2024.
Research more about who owns NEM shares here.
Can I get consistent income from NEM stock?
Newmont pays a dividend of 3.76%, compared to the Gold industry's average dividend yield of 2.13%. If you owned $1,000 of NEM stock, you would have received $37.61 last year.
Newmont dividend payments have consistently grown over the past decade but have not remained stable.
Find more info about Newmont dividend yield and history here.
NEM Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your NEM trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open button and eToro will place your order.
If you require more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your NEM investment
Now that you own some NEM shares, you'll want to stay up-to-date on your investment.
Make a watchlist to see the latest developments about your NEM stock.
NEM Feed
How to Buy Stock in Newmont
To reiterate, here are the 6 steps to buy stock in Newmont:
- Choose where to buy Newmont stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Research Newmont stock
- Execute your NEM trade
- Keep tabs on your NEM investment
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Newmont, click the button below.
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