In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, Newmont Corp’s stock clocked out at $41.94, down -0.24% from its previous closing price of $42.04. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 6.19 million shares were traded. NEM stock price reached its highest trading level at $42.32 during the session, while it also had its lowest trading level at $41.92.
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 15.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 1.96. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
UBS Downgraded its Buy to Neutral on October 30, 2024, whereas the target price for the stock was revised from $67 to $54.
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 Nov 01 ’24 when Palmer Thomas Ronald sold 13,000 shares for $45.45 per share. The transaction valued at 590,850 led to the insider holds 258,469 shares of the business.
Toth Peter sold 3,000 shares of NEM for $136,350 on Nov 01 ’24. The EVP & CDO now owns 88,596 shares after completing the transaction at $45.45 per share. On Nov 01 ’24, another insider, Toth Peter, who serves as the Officer of the company, bought 3,000 shares for $45.45 each.
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 47860244480 and an Enterprise Value of 53970612224. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 3.177 whereas that against EBITDA is 8.982.
Stock Price History:
Over the past 52 weeks, NEM has reached a high of $58.72, while it has fallen to a 52-week low of $29.42. The 50-Day Moving Average of the stock is -15.01%, while the 200-Day Moving Average is calculated to be -5.09%.
Shares Statistics:
It appears that NEM traded 10.07M shares on average per day over the past three months and 9573900 shares per day over the past ten days. A total of 1.15B shares are outstanding, with a floating share count of 1.14B. Insiders hold about 0.12% of the company’s shares, while institutions hold 73.06% stake in the company. Shares short for NEM as of 1731628800 were 17035969 with a Short Ratio of 1.69, compared to 1728950400 on 18292344. Therefore, it implies a Short% of Shares Outstanding of 17035969 and a Short% of Float of 1.91.
Dividends & Splits
With its trailing 12-month dividend rate of 1.0, NEM has a forward annual dividend rate of 1.40. Against a Trailing Annual Dividend Yield of 0.023786869The stock’s 5-year Average Dividend Yield is 3.14.
