After finishing at $34.37 in the prior trading day, Newmont Corp (NYSE: NEM) closed at $34.21, down -0.47%. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 18855280 shares were traded. NEM stock price reached its highest trading level at $34.57 during the session, while it also had its lowest trading level at $33.66.
Ratios:
Our goal is to gain a better understanding of NEM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 406.48. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.26.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 02 ’24 when Atkinson Robert D sold 5,500 shares for $41.26 per share. The transaction valued at 226,930 led to the insider holds 54,251 shares of the business.
Atkinson Robert D sold 5,500 shares of NEM for $221,375 on Dec 01 ’23. The EVP & COO now owns 59,751 shares after completing the transaction at $40.25 per share. On Nov 01 ’23, another insider, Palmer Thomas Ronald, who serves as the President & CEO of the company, sold 11,000 shares for $37.60 each. As a result, the insider received 413,600 and left with 234,039 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NEM now has a Market Capitalization of 39.44B and an Enterprise Value of 45.85B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 3.88 whereas that against EBITDA is 143.27.
Stock Price History:
Over the past 52 weeks, NEM has reached a high of $52.76, while it has fallen to a 52-week low of $29.42. The 50-Day Moving Average of the stock is 34.37, while the 200-Day Moving Average is calculated to be 38.61.
Shares Statistics:
The stock has traded on average 12.63M shares per day over the past 3-months and 16.95M shares per day over the last 10 days, according to various share statistics. A total of 1.15B shares are outstanding, with a floating share count of 1.15B. Insiders hold about 0.14% of the company’s shares, while institutions hold 71.11% stake in the company. Shares short for NEM as of Feb 29, 2024 were 19.54M with a Short Ratio of 1.55, compared to 18.97M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.70% and a Short% of Float of 2.16%.
Dividends & Splits
In the trailing 12 months, NEM’s forward annual dividend rate was 1.45, compared to 1.45 this year. Against a Trailing Annual Dividend Yield of 4.22%, it implies a Forward Annual Dividend Yield of 2.92%. The stock’s 5-year Average Dividend Yield is 2.93.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.63 and a low estimate of $0.35, while EPS last year was $0.53. The consensus estimate for the next quarter is $0.58, with high estimates of $0.66 and low estimates of $0.47.
Analysts are recommending an EPS of between $3.22 and $2.13 for the fiscal current year, implying an average EPS of $2.58. EPS for the following year is $3.26, with 13 analysts recommending between $4.24 and $1.59.
Revenue Estimates
2 analysts predict $4.95B in revenue for the current quarter. It ranges from a high estimate of $4.99B to a low estimate of $4.92B. As of the current estimate, Newmont Corp’s year-ago sales were $3.53B, an estimated increase of 40.40% from the year-ago figure.
A total of 12 analysts have provided revenue estimates for NEM’s current fiscal year. The highest revenue estimate was $24.1B, while the lowest revenue estimate was $20.51B, resulting in an average revenue estimate of $21.73B. In the same quarter a year ago, actual revenue was $15.94B, up 36.40% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $23.19B in the next fiscal year. The high estimate is $24.95B and the low estimate is $19.95B. The average revenue growth estimate for next year is up 6.70% from the average revenue estimate for this year.
