Newmont Corp [NYSE: NEM] slipped around -1.03 points on Monday, while shares priced at $40.91 at the close of the session, down -2.46%.
Compared to the average trading volume of 10.07M shares, NEM reached a trading volume of 12550457 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say 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 $54.69 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 2.08. 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.
CLSA have made an estimate for Newmont Corp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 29, 2024. The new note on the price target was released on November 19, 2024, representing the official price target for Newmont Corp stock. Previously, the target price had yet another drop from $67 to $54, while UBS kept a Neutral rating on NEM stock.
The Average True Range (ATR) for Newmont Corp is set at 1.13, with the Price to Sales ratio for NEM stock in the period of the last 12 months amounting to 2.76. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 2.70. Price to Free Cash Flow for NEM in the course of the last twelve months was 45.51 with Quick ratio for the last quarter at 1.62.
How has NEM stock performed recently?
Newmont Corp [NEM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.69. With this latest performance, NEM shares dropped by -9.97% in over the last four-week period, additionally sinking by -2.34% over the last 6 months – not to mention a rise of 1.79% 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 28.97, with the RSI for the last a single of trading hit 26.50, and the three-weeks RSI is set at 31.56 for Newmont Corp [NEM]. The present Moving Average for the last 50 days of trading for this stock 49.07, while it was recorded at 41.92 for the last single week of trading, and 44.23 for the last 200 days.
Newmont Corp [NEM]: Deeper insight into the fundamentals
Newmont Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.62 and a Current Ratio set at 1.96.
Earnings analysis for Newmont Corp [NEM]
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 25.40%.
Insider trade positions for Newmont Corp [NEM]
There are presently around $73.94%, or 74.00%% of NEM stock, in the hands of institutional investors. The top three institutional holders of NEM stocks are: VANGUARD GROUP INC with ownership of 135.01 million shares, which is approximately 11.7095%. BLACKROCK INC., holding 119.25 million shares of the stock with an approximate value of $$4.99 billion in NEM stocks shares; and BLACKROCK INC., currently with $$2.13 billion in NEM stock with ownership which is approximately 4.4161%.
