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In the latest session, Newmont Corp (NYSE: NEM) closed at $53.20 down -1.48% from its previous closing price of $54.00. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 5.58 million shares were traded. NEM stock price reached its highest trading level at $53.6 during the session, while it also had its lowest trading level at $52.8.
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 22.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 99.26. For the most recent quarter (mrq), Quick Ratio is recorded 1.73 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.31.
On August 19, 2024, Scotiabank Upgraded its rating to Sector Outperform which previously was Sector Perform and also upped its target price recommendation from $48 to $59.
CIBC Upgraded its Neutral to Sector Outperform on July 10, 2024, while the target price for the stock was maintained at $61.
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 Oct 01 ’24 when Toth Peter sold 3,000 shares for $53.81 per share. The transaction valued at 161,430 led to the insider holds 91,596 shares of the business.
Palmer Thomas Ronald sold 20,000 shares of NEM for $1,076,200 on Oct 01 ’24. The President & CEO now owns 271,469 shares after completing the transaction at $53.81 per share. On Oct 01 ’24, another insider, Palmer Thomas Ronald, who serves as the Officer of the company, bought 20,000 shares for $53.81 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 61043277824 and an Enterprise Value of 67800240128. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.15 while its Price-to-Book (P/B) ratio in mrq is 2.08. Its current Enterprise Value per Revenue stands at 4.558 whereas that against EBITDA is 14.113.
Stock Price History:
Over the past 52 weeks, NEM has reached a high of $56.30, while it has fallen to a 52-week low of $29.42. The 50-Day Moving Average of the stock is 4.09%, while the 200-Day Moving Average is calculated to be 26.93%.
Shares Statistics:
For the past three months, NEM has traded an average of 7.69M shares per day and 9972740 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 72.33% stake in the company. Shares short for NEM as of 1726185600 were 21144906 with a Short Ratio of 2.75, compared to 1723680000 on 18091644. Therefore, it implies a Short% of Shares Outstanding of 21144906 and a Short% of Float of 2.35.
Dividends & Splits
According to the company, the forward annual dividend rate for NEM is 1.15, from 1.15 in the trailing year. Against a Trailing Annual Dividend Yield of 0.021296296The stock’s 5-year Average Dividend Yield is 3.1.