In the latest session, Newmont Corp (NYSE: NEM) closed at $39.07 up 0.03% from its previous closing price of $39.06. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 11514469 shares were traded. NEM stock price reached its highest trading level at $39.47 during the session, while it also had its lowest trading level at $38.35.
Ratios:
For a deeper understanding of Newmont Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 464.32. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 45.04B and an Enterprise Value of 51.45B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.83 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 4.36 whereas that against EBITDA is 160.78.
Stock Price History:
Over the past 52 weeks, NEM has reached a high of $51.46, while it has fallen to a 52-week low of $29.42. The 50-Day Moving Average of the stock is 34.23, while the 200-Day Moving Average is calculated to be 38.05.
Shares Statistics:
For the past three months, NEM has traded an average of 14.23M shares per day and 15.07M 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 71.01% stake in the company. Shares short for NEM as of Mar 28, 2024 were 16.58M with a Short Ratio of 1.16, compared to 19.54M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.44% and a Short% of Float of 1.83%.
Dividends & Splits
According to the company, the forward annual dividend rate for NEM is 1.45, from 1.45 in the trailing year. Against a Trailing Annual Dividend Yield of 3.71%, it implies a Forward Annual Dividend Yield of 2.56%. The stock’s 5-year Average Dividend Yield is 2.97.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.58 and a low estimate of $0.35, while EPS last year was $0.53. The consensus estimate for the next quarter is $0.61, with high estimates of $0.77 and low estimates of $0.48.
Analysts are recommending an EPS of between $3.24 and $2.14 for the fiscal current year, implying an average EPS of $2.67. EPS for the following year is $3.4, with 13 analysts recommending between $5.31 and $1.6.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $4.98B this quarter.It ranges from a high estimate of $5.02B to a low estimate of $4.95B. As of the current estimate, Newmont Corp’s year-ago sales were $3.53B, an estimated increase of 41.30% 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 $24.39B, while the lowest revenue estimate was $20.63B, resulting in an average revenue estimate of $22B. In the same quarter a year ago, actual revenue was $16.03B, up 37.20% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $23.7B in the next fiscal year. The high estimate is $29.75B and the low estimate is $20.07B. The average revenue growth estimate for next year is up 7.70% from the average revenue estimate for this year.
