Market Momentum Report: Newmont Corp (NEM)’s Positive Close at 42.81

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The price of Newmont Corp (NYSE: NEM) closed at $42.81 in the last session, up 2.44% from day before closing price of $41.79. In other words, the price has increased by $2.44 from its previous closing price. On the day, 8.69 million shares were traded. NEM stock price reached its highest trading level at $43.1 during the session, while it also had its lowest trading level at $41.75.


We take a closer look at NEM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 725.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 2.15. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.32.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on June 17, 2024, Upgraded its rating to Buy and sets its target price to $50 from $40 previously.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 49365921792 and an Enterprise Value of 56659931136. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.76 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 4.307 whereas that against EBITDA is 15.215.

Stock Price History:

The Beta on a monthly basis for NEM is 0.49, which has changed by 0.029581547 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, NEM has reached a high of $45.92, while it has fallen to a 52-week low of $29.42. The 50-Day Moving Average of the stock is 4.21%, while the 200-Day Moving Average is calculated to be 12.65%.

Shares Statistics:

According to the various share statistics, NEM traded on average about 10.76M shares per day over the past 3-months and 7096850 shares per day over the past 10 days. 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 70.86% stake in the company. Shares short for NEM as of 1715731200 were 23751666 with a Short Ratio of 1.67, compared to 1713139200 on 20223789. Therefore, it implies a Short% of Shares Outstanding of 23751666 and a Short% of Float of 2.6300002.

Dividends & Splits

The forward annual dividend rate for NEM is 1.30, which was 1.3 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.03110792The stock’s 5-year Average Dividend Yield is 3.03.

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