Newmont Goldcorp Corp Stock Today
| NGT Stock | CAD 56.18 0.30 0.54% |
Performance10 of 100
| Odds Of DistressLess than 18
|
Newmont Goldcorp is selling at 56.18 as of the 2nd of May 2024; that is 0.54 percent up since the beginning of the trading day. The stock's open price was 55.88. Newmont Goldcorp has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Equity ratings for Newmont Goldcorp Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of April 2024 and ending today, the 2nd of May 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Newmont Goldcorp Corporation, together with its subsidiaries, operates in the mining industry. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado. NEWMONT GOLDCORP operates under Gold classification in Canada and is traded on Toronto Stock Exchange. The company has 1.15 B outstanding shares of which 756.11 K shares are now shorted by private and institutional investors with about 2.91 days to cover all short positions. More on Newmont Goldcorp Corp
Moving together with Newmont Stock
| 0.87 | CM-PT | Canadian Imperial Bank | PairCorr |
| 0.76 | FFH-PH | Fairfax Financial | PairCorr |
| 0.85 | BMO-PE | Bank of Montreal | PairCorr |
| 0.84 | RY-PS | Royal Bank | PairCorr |
Moving against Newmont Stock
| 0.74 | SEC | Senvest Capital | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
Check how we calculate scores
Newmont Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Newmont Goldcorp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Newmont Goldcorp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Newmont Goldcorp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Newmont Goldcorp's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO, Director | Gary Goldberg | ||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | ||||
Newmont Goldcorp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Newmont Goldcorp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Newmont Goldcorp's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Newmont Goldcorp's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Newmont Goldcorp's financial leverage. It provides some insight into what part of Newmont Goldcorp's total assets is financed by creditors.
| |||||
Newmont Goldcorp Corp (NGT) is traded on Toronto Exchange in Canada and employs 21,700 people. Newmont Goldcorp is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 64.47 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Newmont Goldcorp's market, we take the total number of its shares issued and multiply it by Newmont Goldcorp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Newmont Goldcorp Corp operates under Metals & Mining sector and is part of Materials industry. The entity has 1.15 B outstanding shares of which 756.11 K shares are now shorted by private and institutional investors with about 2.91 days to cover all short positions.
Newmont Goldcorp Corp has accumulated about 1.85 B in cash with 3.16 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.26.
Check Newmont Goldcorp Probability Of Bankruptcy
Ownership AllocationNewmont Goldcorp Corp holds a total of 1.15 Billion outstanding shares. The majority of Newmont Goldcorp outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Newmont Goldcorp Corp to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Newmont Goldcorp Corp. Please pay attention to any change in the institutional holdings of Newmont Goldcorp as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Newmont Ownership Details
Newmont Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Newmont Goldcorp jumping above the current price in 90 days from now is under 4%. The Newmont Goldcorp Corp probability density function shows the probability of Newmont Goldcorp stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Newmont Goldcorp Corp has a beta of -0.4154. This indicates as returns on the benchmark increase, returns on holding Newmont Goldcorp are expected to decrease at a much lower rate. During a bear market, however, Newmont Goldcorp Corp is likely to outperform the market. Additionally, newmont Goldcorp Corp has an alpha of 0.335, implying that it can generate a 0.34 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Newmont Goldcorp to move above the current price in 90 days from now is under 4 (This Newmont Goldcorp Corp probability density function shows the probability of Newmont Stock to fall within a particular range of prices over 90 days) .
Newmont Goldcorp Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Newmont Goldcorp market risk premium is the additional return an investor will receive from holding Newmont Goldcorp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Newmont Goldcorp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Newmont Goldcorp's alpha and beta are two of the key measurements used to evaluate Newmont Goldcorp's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.73 | |||
| Semi Deviation | 2.07 | |||
| Standard Deviation | 2.68 | |||
| Variance | 7.17 |
Newmont Stock Against Markets
Picking the right benchmark for Newmont Goldcorp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Newmont Goldcorp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Newmont Goldcorp is critical whether you are bullish or bearish towards Newmont Goldcorp Corp at a given time. Please also check how Newmont Goldcorp's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Newmont Goldcorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio File Import Now
Portfolio File ImportQuickly import all of your third-party portfolios from your local drive in csv format |
| All Next | Launch Module |
Newmont Goldcorp Corporate Directors
Newmont Goldcorp corporate directors refer to members of a Newmont Goldcorp board of directors. The board of directors generally takes responsibility for the Newmont Goldcorp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Newmont Goldcorp's board members must vote for the resolution. The Newmont Goldcorp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Julio Quintana | Independent Director | Profile | |
| Charles Sartain | Independent Director | Profile | |
| Cristina Bitar | Independent Director | Profile | |
| Jane Nelson | Independent Director | Profile |
How to buy Newmont Stock?
Before investing in Newmont Goldcorp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Newmont Goldcorp. To buy Newmont Goldcorp stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Newmont Goldcorp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Newmont Goldcorp stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Newmont Goldcorp Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Newmont Goldcorp Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Newmont Goldcorp Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Newmont Stock please use our How to Invest in Newmont Goldcorp guide.
Already Invested in Newmont Goldcorp Corp?
The danger of trading Newmont Goldcorp Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Newmont Goldcorp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Newmont Goldcorp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Newmont Goldcorp Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Newmont Goldcorp Corp is a strong investment it is important to analyze Newmont Goldcorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Newmont Goldcorp's future performance. For an informed investment choice regarding Newmont Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Newmont Stock analysis
When running Newmont Goldcorp's price analysis, check to measure Newmont Goldcorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newmont Goldcorp is operating at the current time. Most of Newmont Goldcorp's value examination focuses on studying past and present price action to predict the probability of Newmont Goldcorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newmont Goldcorp's price. Additionally, you may evaluate how the addition of Newmont Goldcorp to your portfolios can decrease your overall portfolio volatility.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |