Newmont Corporation [NEM] gain 53.53% so far this year. What now?

Newmont Corporation [NYSE: NEM] gained 3.01% on the last trading session, reaching $66.71 price per share at the time. The company report on August 25, 2020 that Experienced Newmont Leader Appointed at Peñasquito.

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or The Company) announced today that Bernard Wessels has been appointed General Manager of the Peñasquito mine, replacing Jim Cooper. Jim Cooper’s employment with Newmont has been terminated with immediate effect for violations of Newmont’s Code of Conduct while working for the Company in Australia.

Bernard Wessels brings a long and successful track record of operational delivery to Peñasquito having managed Newmont’s Ahafo mine in Ghana since 2017. During his time at Ahafo, Bernard delivered the Ahafo Mill Expansion project on budget and is advancing the improved mining method at Subika Underground which will increase production, capture higher efficiencies and lower costs. Bernard delivered improved safety performance, consistently strong operational performance and significantly improved productivities across the site. Prior to joining Newmont, Bernard managed complex gold and platinum mines across South Africa, balancing difficult technical and community challenges at each operation.

Newmont Corporation represents 803.00 million in outstanding shares, while the company has a total market value of $52.01 billion with the latest information. NEM stock price has been found in the range of $65.28 to $67.09.

If compared to the average trading volume of 8.83M shares, NEM reached a trading volume of 4441502 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 $76.65 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 2.00. 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.

Standpoint Research have made an estimate for Newmont Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 18, 2020. The new note on the price target was released on April 16, 2020, representing the official price target for Newmont Corporation stock. Previously, the target price had yet another raise to $61, while JP Morgan analysts kept a Overweight rating on NEM stock.

The Average True Range (ATR) for Newmont Corporation is set at 2.42, with the Price to Sales ratio for NEM stock in the period of the last 12 months amounting to 4.89. The Price to Book ratio for the last quarter was 2.43, with the Price to Cash per share for the same quarter was set at 5.28. Price to Free Cash Flow for NEM in the course of the last twelve months was 32.63 with Quick ratio for the last quarter at 2.40.

Trading performance analysis for NEM stock

Newmont Corporation [NEM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.74. With this latest performance, NEM shares gained by 1.60% in over the last four-week period, additionally plugging by 42.45% over the last 6 months – not to mention a rise of 66.32% 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 53.05, with the RSI for the last a single of trading hit 53.77, and the three-weeks RSI is set at 53.51 for Newmont Corporation [NEM]. The present Moving Average for the last 50 days of trading for this stock 64.24, while it was recorded at 65.44 for the last single week of trading, and 52.92 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 +15.67 and a Gross Margin at +20.80. Newmont Corporation’s Net Margin is presently recorded at +29.58.

Return on Total Capital for NEM is now 6.76, given the latest momentum, and Return on Invested Capital for the company is 13.60. Return on Equity for this stock inclined to 18.03, with Return on Assets sitting at 9.48. When it comes to the capital structure of this company, Newmont Corporation [NEM] has a Total Debt to Total Equity ratio set at 32.25. Additionally, NEM Total Debt to Total Capital is recorded at 24.39, with Total Debt to Total Assets ending up at 17.28. Long-Term Debt to Equity for the company is recorded at 31.66, with the Long-Term Debt to Total Capital now at 23.94.

Reflecting on the efficiency of the workforce at the company, Newmont Corporation [NEM] managed to generate an average of $91,044 per employee. Receivables Turnover for the company is 27.05 with a Total Asset Turnover recorded at a value of 0.32.Newmont Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.80.

Newmont Corporation [NEM]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Newmont Corporation posted 0.36/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.70%. 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 40.86%.

An analysis of insider ownership at Newmont Corporation [NEM]

There are presently around $43,332 million, or 83.80% of NEM stock, in the hands of institutional investors. The top three institutional holders of NEM stocks are: BLACKROCK INC. with ownership of 96,358,686, which is approximately -10.932% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 76,372,555 shares of the stock with an approximate value of $5.09 billion in NEM stocks shares; and VAN ECK ASSOCIATES CORP, currently with $2.63 billion in NEM stock with ownership of nearly 4.199% of the company’s market capitalization.

500 institutional holders increased their position in Newmont Corporation [NYSE:NEM] by around 55,021,042 shares. Additionally, 391 investors decreased positions by around 67,234,449 shares, while 100 investors held positions by with 527,296,938 shares. The mentioned changes placed institutional holdings at 649,552,429 shares, according to the latest SEC report filing. NEM stock had 181 new institutional investments in for a total of 15,729,033 shares, while 64 institutional investors sold positions of 3,530,250 shares during the same period.

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