Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Newmont Corp (NYSE: NEM) closed at $38.55 in the last session, down -0.03% from day before closing price of $38.56. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 6.41 million shares were traded. NEM stock price reached its highest trading level at $39.21 during the session, while it also had its lowest trading level at $38.25.
Ratios:
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 14.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 458.14. 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:
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 44440055808 and an Enterprise Value of 51124862976. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.77 while its Price-to-Book (P/B) ratio in mrq is 1.53. Its current Enterprise Value per Revenue stands at 4.328 whereas that against EBITDA is 16.702.
Stock Price History:
Over the past 52 weeks, NEM has reached a high of $50.18, while it has fallen to a 52-week low of $29.42. The 50-Day Moving Average of the stock is 11.57%, while the 200-Day Moving Average is calculated to be 1.51%.
Shares Statistics:
According to the various share statistics, NEM traded on average about 14.41M shares per day over the past 3-months and 14128520 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 71.13% stake in the company. Shares short for NEM as of 1711584000 were 16579621 with a Short Ratio of 1.15, compared to 1709164800 on 19542922. Therefore, it implies a Short% of Shares Outstanding of 16579621 and a Short% of Float of 1.83.
Dividends & Splits
The forward annual dividend rate for NEM is 1.45, which was 1.45 in the trailing 12 months. The stock’s 5-year Average Dividend Yield is 2.97.
Earnings Estimates
As of right now, Newmont Corporation analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $63.47, with high estimates of $86.71 and low estimates of $64.01.
Analysts are recommending an EPS of between $Technology and $Utilities for the fiscal current year, implying an average EPS of $Basic Materials.
