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As of close of business last night, Newmont Corp’s stock clocked out at $38.60, up 2.36% from its previous closing price of $37.71. In other words, the price has increased by $2.36 from its previous closing price. On the day, 11.35 million shares were traded. NEM stock price reached its highest trading level at $38.745 during the session, while it also had its lowest trading level at $37.26.
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 14.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 458.74. 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:
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 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 44497694720 and an Enterprise Value of 51182493696. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.78 while its Price-to-Book (P/B) ratio in mrq is 1.53. Its current Enterprise Value per Revenue stands at 4.333 whereas that against EBITDA is 16.721.
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 10.48%, while the 200-Day Moving Average is calculated to be 1.86%.
Shares Statistics:
It appears that NEM traded 14.44M shares on average per day over the past three months and 12522640 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 0.13% of the company’s shares, while institutions hold 71.15% 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
With its trailing 12-month dividend rate of 1.45, NEM has a forward annual dividend rate of 1.45. Against a Trailing Annual Dividend Yield of 0.03845134The stock’s 5-year Average Dividend Yield is 2.97.
Earnings Estimates
At present, 10.0 analysts are actively evaluating the performance of Newmont Corp (NEM) in the stock market.On average, analysts expect EPS of $0.49 for the current quarter, with a high estimate of $0.58 and a low estimate of $0.36, while EPS last year was $0.53. The consensus estimate for the next quarter is $0.71, with high estimates of $0.99 and low estimates of $0.53.
Analysts are recommending an EPS of between $3.73 and $2.06 for the fiscal current year, implying an average EPS of $2.85. EPS for the following year is $3.45, with 14.0 analysts recommending between $5.36 and $1.62.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $5.03B. It ranges from a high estimate of $5.17B to a low estimate of $4.89B. As of the current estimate, Newmont Corp’s year-ago sales were $3.53BFor the next quarter, 2 analysts are estimating revenue of $5.69B. There is a high estimate of $5.69B for the next quarter, whereas the lowest estimate is $5.69B.
A total of 12 analysts have provided revenue estimates for NEM’s current fiscal year. The highest revenue estimate was $24.62B, while the lowest revenue estimate was $20.82B, resulting in an average revenue estimate of $22.57B. In the same quarter a year ago, actual revenue was $16.18BBased on 12 analysts’ estimates, the company’s revenue will be $24.2B in the next fiscal year. The high estimate is $30.03B and the low estimate is $20.26B.
