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Newmont Corp (NYSE: NEM) closed the day trading at $44.48 down -3.30% from the previous closing price of $46.00. In other words, the price has decreased by -$3.30 from its previous closing price. On the day, 18.34 million shares were traded. NEM stock price reached its highest trading level at $44.65 during the session, while it also had its lowest trading level at $43.6.
Ratios:
For a better understanding of NEM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.60. 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on October 30, 2024, Downgraded its rating to Neutral and sets its target price to $54 from $67 previously.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 50638258176 and an Enterprise Value of 56862277632. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.01 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 3.347 whereas that against EBITDA is 9.463.
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 -15.21%, while the 200-Day Moving Average is calculated to be 2.27%.
Shares Statistics:
Over the past 3-months, NEM traded about 8.44M shares per day on average, while over the past 10 days, NEM traded about 15623160 shares per day. 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 73.82% stake in the company. Shares short for NEM as of 1728950400 were 18292344 with a Short Ratio of 2.17, compared to 1726185600 on 21144906. Therefore, it implies a Short% of Shares Outstanding of 18292344 and a Short% of Float of 2.0399998999999998.
Dividends & Splits
NEM’s forward annual dividend rate is 1.15, up from 1.0 a year ago. Against a Trailing Annual Dividend Yield of 0.02173913The stock’s 5-year Average Dividend Yield is 3.12.
