Newmont Corporation [NYSE: NEM] loss -0.75% on the last trading session, reaching $43.89 price per share at the time. Newmont Corporation represents 826.73 million in outstanding shares, while the company has a total market value of $36.29 billion with the latest information. NEM stock price has been found in the range of $43.62 to $44.3599.
If compared to the average trading volume of 6.49M shares, NEM reached a trading volume of 4668785 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Newmont Corporation [NEM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEM shares is $48.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NEM stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Newmont Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 06, 2020. The new note on the price target was released on January 13, 2020, representing the official price target for Newmont Corporation stock.
The Average True Range (ATR) for Newmont Corporation is set at 0.80, with the Price to Sales ratio for NEM stock in the period of the last 12 months amounting to 4.11. The Price to Book ratio for the last quarter was 1.68, with the Price to Cash per share for the same quarter was set at 3.47. Price to Free Cash Flow for NEM in the course of the last twelve months was 145.72 with Quick ratio for the last quarter at 1.80.
Trading performance analysis for NEM stock
Newmont Corporation [NEM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.93. With this latest performance, NEM shares gained by 3.39% in over the last four-week period, additionally plugging by 16.54% over the last 6 months – not to mention a rise of 34.72% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NEM stock in for the last two-week period is set at 51.71, with the RSI for the last a single of trading hit 45.95, and the three-weeks RSI is set at 55.19 for Newmont Corporation [NEM]. The present Moving Average for the last 50 days of trading for this stock 42.59, while it was recorded at 44.19 for the last single week of trading, and 38.47 for the last 200 days.
Newmont Corporation [NEM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Newmont Corporation [NEM] shares currently have an operating margin of +16.28 and a Gross Margin at +21.87. Newmont Corporation’s Net Margin is presently recorded at +3.86.
Return on Total Capital for NEM is now 7.51, given the latest momentum, and Return on Invested Capital for the company is 1.95. Return on Equity for this stock inclined to 2.65, with Return on Assets sitting at 1.36. When it comes to the capital structure of this company, Newmont Corporation [NEM] has a Total Debt to Total Equity ratio set at 40.57. Additionally, NEM Total Debt to Total Capital is recorded at 28.86, with Total Debt to Total Assets ending up at 20.57. Long-Term Debt to Equity for the company is recorded at 34.36, with the Long-Term Debt to Total Capital now at 24.44.
Reflecting on the efficiency of the workforce at the company, Newmont Corporation [NEM] managed to generate an average of $11,570 per employee. Receivables Turnover for the company is 24.91 with a Total Asset Turnover recorded at a value of 0.35.Newmont Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.20.
Newmont Corporation [NEM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Newmont Corporation posted 0.4/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 60.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NEM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Newmont Corporation go to 17.09%.
An analysis of insider ownership at Newmont Corporation [NEM]
There are presently around $29,726 million, or 84.40% of NEM stock, in the hands of institutional investors. The top three institutional holders of NEM stocks are: BLACKROCK INC. with ownership of 113,749,606, which is approximately 3.739% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 91,081,678 shares of the stock with an approximate value of $4.03 billion in NEM stocks shares; and STATE STREET CORP, currently with $1.69 billion in NEM stock with ownership of nearly 0.283% of the company’s market capitalization.
354 institutional holders increased their position in Newmont Corporation [NYSE:NEM] by around 43,034,602 shares. Additionally, 330 investors decreased positions by around 38,582,541 shares, while 105 investors held positions by with 590,611,974 shares. The mentioned changes placed institutional holdings at 672,229,117 shares, according to the latest SEC report filing. NEM stock had 81 new institutional investments in for a total of 6,217,782 shares, while 60 institutional investors sold positions of 3,032,191 shares during the same period.