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As of close of business last night, Newmont Corp’s stock clocked out at $45.46, up 3.58% from its previous closing price of $43.89. In other words, the price has increased by $3.58 from its previous closing price. On the day, 8.38 million shares were traded. NEM stock price reached its highest trading level at $45.82 during the session, while it also had its lowest trading level at $44.77.
Ratios:
To gain a deeper understanding of NEM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 770.91. 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.
UBS Upgraded its Neutral to Buy on June 17, 2024, whereas the target price for the stock was revised from $40 to $50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 01 ’24 when Palmer Thomas Ronald sold 13,000 shares for $42.13 per share. The transaction valued at 547,690 led to the insider holds 331,469 shares of the business.
Atkinson Robert D sold 5,500 shares of NEM for $226,930 on Jan 02 ’24. The EVP & COO now owns 54,251 shares after completing the transaction at $41.26 per share. On Dec 01 ’23, another insider, Atkinson Robert D, who serves as the EVP & COO of the company, sold 5,500 shares for $40.25 each. As a result, the insider received 221,375 and left with 59,751 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 52421742592 and an Enterprise Value of 59715751936. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.00 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 4.539 whereas that against EBITDA is 16.035.
Stock Price History:
The Beta on a monthly basis for NEM is 0.49, which has changed by -0.00021994114 over the last 52 weeks, in comparison to a change of 0.24919295 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 8.14%, while the 200-Day Moving Average is calculated to be 18.96%.
Shares Statistics:
It appears that NEM traded 9.42M shares on average per day over the past three months and 6864840 shares per day over the past ten 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 70.93% stake in the company. Shares short for NEM as of 1718323200 were 17366927 with a Short Ratio of 1.84, compared to 1715731200 on 23751666. Therefore, it implies a Short% of Shares Outstanding of 17366927 and a Short% of Float of 1.9199998999999999.
Dividends & Splits
With its trailing 12-month dividend rate of 1.3, NEM has a forward annual dividend rate of 1.30. Against a Trailing Annual Dividend Yield of 0.029619502The stock’s 5-year Average Dividend Yield is 3.06.
