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After finishing at $57.74 in the prior trading day, Newmont Corp (NYSE: NEM) closed at $49.25, down -14.70%. In other words, the price has decreased by -$14.70 from its previous closing price. On the day, 36.94 million shares were traded. NEM stock price reached its highest trading level at $56.38 during the session, while it also had its lowest trading level at $48.93.
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 18.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.73 and its Current Ratio is at 1.96. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
On August 19, 2024, Scotiabank Upgraded its rating to Sector Outperform which previously was Sector Perform and also upped its target price recommendation from $48 to $59.
CIBC Upgraded its Neutral to Sector Outperform on July 10, 2024, while the target price for the stock was maintained at $61.
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 Oct 01 ’24 when Toth Peter sold 3,000 shares for $53.81 per share. The transaction valued at 161,430 led to the insider holds 91,596 shares of the business.
Palmer Thomas Ronald sold 20,000 shares of NEM for $1,076,200 on Oct 01 ’24. The President & CEO now owns 271,469 shares after completing the transaction at $53.81 per share. On Oct 01 ’24, another insider, Palmer Thomas Ronald, who serves as the Officer of the company, bought 20,000 shares for $53.81 each.
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 66252574720 and an Enterprise Value of 62713749504. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.36 while its Price-to-Book (P/B) ratio in mrq is 1.93. Its current Enterprise Value per Revenue stands at 3.692 whereas that against EBITDA is 10.888.
Stock Price History:
Over the past 52 weeks, NEM has reached a high of $58.72, while it has fallen to a 52-week low of $29.42. The 50-Day Moving Average of the stock is -7.67%, while the 200-Day Moving Average is calculated to be 14.49%.
Shares Statistics:
The stock has traded on average 7.59M shares per day over the past 3-months and 10261770 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 0.12% of the company’s shares, while institutions hold 72.61% stake in the company. Shares short for NEM as of 1727654400 were 18743085 with a Short Ratio of 2.47, compared to 1724976000 on 17042431. Therefore, it implies a Short% of Shares Outstanding of 18743085 and a Short% of Float of 2.09.
Dividends & Splits
In the trailing 12 months, NEM’s forward annual dividend rate was 0.25, compared to 1.15 this year. Against a Trailing Annual Dividend Yield of 0.004329754The stock’s 5-year Average Dividend Yield is 3.1.
