Newmont Corp (NYSE: NEM) is -8.89% lower on its value in year-to-date trading and has touched a low of $29.42 and a high of $50.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NEM stock was last observed hovering at around $37.46 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $37.71, the stock is 0.18% and 8.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.86 million and changing 0.67% at the moment leaves the stock -0.55% off its SMA200. NEM registered -20.81% loss for a year compared to 6-month loss of -2.81%.
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The stock witnessed a 11.67% gain in the last 1 month and extending the period to 3 months gives it a 6.65%, and is -1.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.63% over the week and 3.10% over the month.
Newmont Corp (NEM) has around 40200 employees, a market worth around $43.47B and $11.78B in sales. Fwd P/E is 13.73. Profit margin for the company is -21.11%. Distance from 52-week low is 28.18% and -24.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.81%).
The EPS is expected to grow by 35.43% this year.
Newmont Corp (NEM) Top Institutional Holders
The shares outstanding are 1.15B, and float is at 1.15B with Short Float at 1.44%.
Newmont Corp (NEM) Insider Activity
The most recent transaction is an insider sale by Atkinson Robert D,the company’sEVP & COO. SEC filings show that Atkinson Robert D sold 5,500 shares of the company’s common stock on Jan 02 ’24 at a price of $41.26 per share for a total of $0.23 million. Following the sale, the insider now owns 54251.0 shares.
Newmont Corp disclosed in a document filed with the SEC on Dec 01 ’23 that Atkinson Robert D (EVP & COO) sold a total of 5,500 shares of the company’s common stock. The trade occurred on Dec 01 ’23 and was made at $40.25 per share for $0.22 million. Following the transaction, the insider now directly holds 59751.0 shares of the NEM stock.
Still, SEC filings show that on Nov 01 ’23, Palmer Thomas Ronald (President & CEO) disposed off 11,000 shares at an average price of $37.60 for $0.41 million. The insider now directly holds 234,039 shares of Newmont Corp (NEM).
