Why is newmont stock falling

For many investors, the main point of stock picking is to generate higher returns than the overall market, why is newmont stock falling. 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.

Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. As part of the acquisition , Newcrest shareholders at the time received 0. When we covered Newmont shares' first week on Monday, Newmont had performed decently, albeit with a bit of volatility along the way. But fast forward to today, and the picture is a lot bleaker for the Newmont share price. But after losing 1. That's a loss worth a painful 9.

Why is newmont stock falling

Newmont is the world's biggest gold miner following the acquisition last year of Newcrest. Newmont Corp. 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. Copper is an attractive commodity right now given its use in EVs and renewable-energy infrastructure. Newcrest has added five active mines and two advanced projects to Newmont's global footprint, which includes mines in Ghana, Canada and Australia. See also: Alcoa's stock rocked after Trump's threat of high tariffs on Chinese imports. The company is planning to focus on its Tier 1 portfolio, which includes 11 managed Tier 1 and emerging Tier 1 assets and three non-managed operations. The company is expecting to produce 6. But it lowered its quarterly dividend to 25 cents from 40 cents previously. The dividend is payable March 28 to shareholders of record as of March 5.

Stock Split Calendar. Click to see more Earnings updates. But, as my Fool colleague James covered just this morninggold has been falling in value every day this week.

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.

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.

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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But fast forward to today, and the picture is a lot bleaker for the Newmont share price. But unfortunately for Newmont investors, the opposite is occurring this week. All rights reserved. Analyst Ratings. Best Altcoins. So take a peek at this free list of interesting companies with past earnings growth and further growth forecast. Market Updates More Market Updates. Valuation is complex, but we're helping make it simple. Earnings Calendar. Simply Wall St has no position in any stocks mentioned. Join Now: Free! Sign in. But note: Newmont may not be the best stock to buy. So doubt Newmont's freshly minted ASX investors will be hoping for an end-of-week turnaround tomorrow. Economic Calendar.

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Invest in Gold. Well, it looks like there is only one culprit here — a falling gold price. 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. Read full article. Long Ideas. This article by Simply Wall St is general in nature. So what's going so wrong for this ASX newcomer this week? Crude Oil See our latest analysis for Newmont. Yield How to Buy Corporate Bonds. And there's no prize for guessing that the dividend payments largely explain the divergence! Crypto Get Started. But note: Newmont may not be the best stock to buy. Sponsor Center.