Newmont Corp [NYSE: NEM] stock went on a downward path that fall over -5.74% on Friday, amounting to a one-week price decrease of less than -5.07%.
Over the last 12 months, NEM stock rose by 36.58%. The one-year Newmont Corp stock forecast points to a potential upside of 13.23. The average equity rating for NEM stock is currently 1.96, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $51.61 billion, with 1.14 billion shares outstanding and 1.14 billion shares in the current float. Compared to the average trading volume of 9.52M shares, NEM stock reached a trading volume of 17152415 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 $52.24 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 1.96. 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 1.30, with the Price to Sales ratio for NEM stock in the period of the last 12 months amounting to 2.77. The Price to Book ratio for the last quarter was 1.71, with the Price to Cash per share for the same quarter was set at 3.20. Price to Free Cash Flow for NEM in the course of the last twelve months was 17.43 with Quick ratio for the last quarter at 1.34.
NEM Stock Performance Analysis:
Newmont Corp [NEM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.07. With this latest performance, NEM shares gained by 8.76% in over the last four-week period, additionally sinking by -11.90% over the last 6 months – not to mention a rise of 36.58% 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 54.38, with the RSI for the last a single of trading hit 49.56, and the three-weeks RSI is set at 55.39 for Newmont Corp [NEM]. The present Moving Average for the last 50 days of trading for this stock 41.65, while it was recorded at 46.98 for the last single week of trading, and 45.73 for the last 200 days.
Insight into Newmont Corp Fundamentals:
Newmont Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.34 and a Current Ratio set at 1.63.
NEM Stock EPS
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 -1.66%.
Newmont Corp [NEM] Institutonal Ownership Details
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%.
