Newmont Corp [NYSE: NEM] gained 0.80% or 0.34 points to close at $42.60 with a heavy trading volume of 7202477 shares.
The daily chart for NEM points out that the company has recorded 3.60% gains over the past six months.
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
If we look at the average trading volume of 10.72M shares, NEM reached to a volume of 7202477 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 Corp [NEM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEM shares is $48.93 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 2.12. 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 Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 17, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $34 to $38. The new note on the price target was released on February 29, 2024, representing the official price target for Newmont Corp stock.
The Average True Range (ATR) for Newmont Corp is set at 1.09, with the Price to Sales ratio for NEM stock in the period of the last 12 months amounting to 3.74. The Price to Book ratio for the last quarter was 1.70, with the Price to Cash per share for the same quarter was set at 2.05. Price to Free Cash Flow for NEM in the course of the last twelve months was 722.41 with Quick ratio for the last quarter at 1.77.
Trading performance analysis for NEM stock
Newmont Corp [NEM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.36. With this latest performance, NEM shares gained by 0.50% in over the last four-week period, additionally plugging by 3.60% over the last 6 months – not to mention a rise of 1.07% 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 56.15, with the RSI for the last a single of trading hit 58.76, and the three-weeks RSI is set at 55.61 for Newmont Corp [NEM]. The present Moving Average for the last 50 days of trading for this stock 41.28, while it was recorded at 42.07 for the last single week of trading, and 38.06 for the last 200 days.
Newmont Corp [NEM]: A deeper dive into fundamental analysis
Newmont Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.77 and a Current Ratio set at 2.15.
Newmont Corp [NEM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Newmont Corp posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.59/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -23.70%. 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 Corp go to 29.95%.
An analysis of Institutional ownership at Newmont Corp [NEM]
The top three institutional holders of NEM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NEM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NEM stock with ownership which is approximately 5.8386%.
