Wall Street Analyst Downgrade Newmont Corporation [NEM]. What else is Wall St. saying


Newmont Corporation [NYSE: NEM] price plunged by -1.68 percent to reach at -$1.04. The company report on December 20, 2021 that Newmont Closes Sustainability-Linked Senior Notes Offering of $1 Billion at 2.600%.

Newmont Corporation (NYSE: NEM, TSX: NGT) (“Newmont” or the “Company”) announced today that it has received aggregate net proceeds of approximately $992 million, after deducting underwriting discounts (before expenses), upon the closing of its registered public offering of $1 billion aggregate principal amount of 2.600% Sustainability-Linked Senior Notes due 2032.

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Newmont is the first in the mining industry to issue a sustainability-linked bond, representing a further step in aligning its financing strategy with environmental, social and governance (ESG) commitments.

A sum of 6460262 shares traded at recent session while its average daily volume was at 6.49M shares. Newmont Corporation shares reached a high of $61.75 and dropped to a low of $60.90 until finishing in the latest session at $60.98.

The one-year NEM stock forecast points to a potential upside of 7.34. The average equity rating for NEM stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $65.81 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.

CIBC have made an estimate for Newmont Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 29, 2021. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on September 24, 2021, representing the official price target for Newmont Corporation stock.

The Average True Range (ATR) for Newmont Corporation is set at 1.46, with the Price to Sales ratio for NEM stock in the period of the last 12 months amounting to 3.91. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 6.12. Price to Free Cash Flow for NEM in the course of the last twelve months was 33.77 with Quick ratio for the last quarter at 2.00.

NEM Stock Performance Analysis:

Newmont Corporation [NEM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.33. With this latest performance, NEM shares gained by 14.47% in over the last four-week period, additionally sinking by -4.55% over the last 6 months – not to mention a drop of -3.44% 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 62.69, with the RSI for the last a single of trading hit 64.15, and the three-weeks RSI is set at 60.67 for Newmont Corporation [NEM]. The present Moving Average for the last 50 days of trading for this stock 57.09, while it was recorded at 61.10 for the last single week of trading, and 60.84 for the last 200 days.

Insight into Newmont Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Newmont Corporation [NEM] shares currently have an operating margin of +25.96 and a Gross Margin at +31.08. Newmont Corporation’s Net Margin is presently recorded at +23.35.

Return on Total Capital for NEM is now 9.88, given the latest momentum, and Return on Invested Capital for the company is 9.30. Return on Equity for this stock inclined to 12.00, with Return on Assets sitting at 6.55. When it comes to the capital structure of this company, Newmont Corporation [NEM] has a Total Debt to Total Equity ratio set at 29.60. Additionally, NEM Total Debt to Total Capital is recorded at 22.84, with Total Debt to Total Assets ending up at 16.46. Long-Term Debt to Equity for the company is recorded at 26.67, with the Long-Term Debt to Total Capital now at 20.58.

Reflecting on the efficiency of the workforce at the company, Newmont Corporation [NEM] managed to generate an average of $95,899 per employee. Receivables Turnover for the company is 27.78 with a Total Asset Turnover recorded at a value of 0.28.Newmont Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.70.


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 -1.60%.

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Newmont Corporation [NEM] Insider Position Details

There are presently around $38,306 million, or 81.00% of NEM stock, in the hands of institutional investors. The top three institutional holders of NEM stocks are: BLACKROCK INC. with ownership of 92,169,488, which is approximately 0.447% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 65,670,016 shares of the stock with an approximate value of $4.07 billion in NEM stocks shares; and STATE STREET CORP, currently with $2.46 billion in NEM stock with ownership of nearly 0.406% of the company’s market capitalization.

Positions in Newmont Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 495 institutional holders increased their position in Newmont Corporation [NYSE:NEM] by around 27,850,299 shares. Additionally, 471 investors decreased positions by around 35,137,151 shares, while 151 investors held positions by with 554,644,613 shares. The mentioned changes placed institutional holdings at 617,632,063 shares, according to the latest SEC report filing. NEM stock had 89 new institutional investments in for a total of 4,688,531 shares, while 118 institutional investors sold positions of 4,080,972 shares during the same period.