The price of Newmont Corp (NYSE: NEM) closed at $30.01 in the last session, down -4.06% from day before closing price of $31.28. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 23471466 shares were traded.
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 11.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 356.56. 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 0.32 whereas as Long-Term Debt/Eq ratio is at 0.25.
On November 21, 2023, Macquarie started tracking the stock assigning a Outperform rating and target price of $45.Macquarie initiated its Outperform rating on November 21, 2023, with a $45 target price.
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 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. The EVP & COO now owns 59,751 shares after completing the transaction at $40.25 per share. On Nov 01, 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 34.59B and an Enterprise Value of 41.00B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.93 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 3.47 whereas that against EBITDA is 127.32.
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 $30.17. The 50-Day Moving Average of the stock is 36.70, while the 200-Day Moving Average is calculated to be 39.42.
Shares Statistics:
According to the various share statistics, NEM traded on average about 12.07M shares per day over the past 3-months and 14.04M 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 0.11% of the company’s shares, while institutions hold 71.08% stake in the company. Shares short for NEM as of Jan 31, 2024 were 18.97M with a Short Ratio of 1.57, compared to 21.25M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.65% and a Short% of Float of 1.79%.
Dividends & Splits
The forward annual dividend rate for NEM is 1.60, which was 0.00 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 3.33%. The stock’s 5-year Average Dividend Yield is 2.87.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.58 and a low estimate of $0.34, while EPS last year was $0.53. The consensus estimate for the next quarter is $0.57, with high estimates of $0.7 and low estimates of $0.47.
Analysts are recommending an EPS of between $5.26 and $1.59 for the fiscal current year, implying an average EPS of $2.74. EPS for the following year is $3.43, with 14 analysts recommending between $5.12 and $1.59.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $5.41B. It ranges from a high estimate of $5.84B to a low estimate of $4.98B. As of the current estimate, Newmont Corp’s year-ago sales were $3.53B, an estimated increase of 53.40% 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 $25.87B, while the lowest revenue estimate was $20.5B, resulting in an average revenue estimate of $22.71B. In the same quarter a year ago, actual revenue was $15.93B, up 42.60% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $23.72B in the next fiscal year. The high estimate is $27.95B and the low estimate is $19.94B. The average revenue growth estimate for next year is up 4.50% from the average revenue estimate for this year.
