Newmont Corp [NYSE: NEM] stock went on an upward path that rose over 0.94% on Monday, amounting to a one-week price increase of more than 3.73%.
Over the last 12 months, NEM stock rose by 24.95%. The one-year Newmont Corp stock forecast points to a potential upside of 16.8. The average equity rating for NEM stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $49.09 billion, with 1.15 billion shares outstanding and 1.14 billion shares in the current float. Compared to the average trading volume of 9.92M shares, NEM stock reached a trading volume of 10440569 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $51.83 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.
Goldman have made an estimate for Newmont Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 13, 2025. While these analysts kept the previous recommendation, CLSA raised their target price to Underperform. The new note on the price target was released on November 29, 2024, representing the official price target for Newmont Corp stock. On October 30, 2024, analysts decreased their price target for NEM shares from 67 to 54.
The Average True Range (ATR) for Newmont Corp is set at 1.04, with the Price to Sales ratio for NEM stock in the period of the last 12 months amounting to 2.92. The Price to Book ratio for the last quarter was 1.67, with the Price to Cash per share for the same quarter was set at 2.69. Price to Free Cash Flow for NEM in the course of the last twelve months was 48.08 with Quick ratio for the last quarter at 1.62.
NEM Stock Performance Analysis:
Newmont Corp [NEM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.73. With this latest performance, NEM shares gained by 15.85% in over the last four-week period, additionally sinking by -12.98% over the last 6 months – not to mention a rise of 24.95% 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 64.59, with the RSI for the last a single of trading hit 70.21, and the three-weeks RSI is set at 58.66 for Newmont Corp [NEM]. The present Moving Average for the last 50 days of trading for this stock 40.61, while it was recorded at 42.37 for the last single week of trading, and 45.34 for the last 200 days.
Insight into Newmont Corp 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.
Newmont Corp [NEM] Institutonal Ownership Details
There are presently around $74.08%, or 74.14%% 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%.
