Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
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
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.
