Why is newmont stock falling

Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resourcesand more. Learn More. As part of the acquisitionNewcrest shareholders at the time received 0. When we covered Newmont shares' why is newmont stock falling week on Monday, Newmont had performed decently, albeit with a bit of volatility along the way.

FY24 Outlook : The company expects gold production of around 6. Price Action : NEM shares are down 7. Benzinga does not provide investment advice. All rights reserved. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Why is newmont stock falling

Elsewhere, the Dow gained 1. The gold and copper miner's shares have seen a decrease of Market participants will be closely following the financial results of Newmont Corporation in its upcoming release. Investors should also take note of any recent adjustments to analyst estimates for Newmont Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Over the past month, there's been a 1. The Mining - Miscellaneous industry is part of the Basic Materials sector. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Keep in mind to rely on Zacks.

The company also completed the transition of its COO after a five-month handover period. And there's no prize for guessing that the dividend payments largely explain the divergence!

For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. See our latest analysis for Newmont. There will continue to be wide discrepancies between price and value in the marketplace

Meanwhile, the Dow experienced a rise of 0. The the stock of gold and copper miner has risen by 2. The investment community will be paying close attention to the earnings performance of Newmont Corporation in its upcoming release. This would mark year-over-year growth of Investors might also notice recent changes to analyst estimates for Newmont Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Why is newmont stock falling

FY24 Outlook : The company expects gold production of around 6. Price Action : NEM shares are down 7. Benzinga does not provide investment advice. All rights reserved. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. My Account My Account. Benzinga Research.

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FTSE 7, Invest in Art. The Denver-based company closed its acquisition of Australia's Newcrest Mining in November and is now taking a hard look at its assets and projects with a view to maximizing profit. It's always interesting to track share price performance over the longer term. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. But unfortunately for Newmont investors, the opposite is occurring this week. Stock Brokers. March 5, James Mickleboro. The dividend is payable March 28 to shareholders of record as of March 5. Zacks Investment Research. View the Free Analysis. Bond Brokers.

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Find a Mortgage Broker. Over the past month, there's been a 1. Best Alternative Investments. SPAC Calendar. Valuation is complex, but we're helping make it simple. Sign in. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. So what's going so wrong for this ASX newcomer this week? Is Bitcoin a Good Investment? Newmont Corp. Crude Oil Money Compare Online Brokers. Best REITs. Best Crypto Apps. Similar Companies.