Newmont Corp (NYSE: NEM) is 24.31% higher on its value in year-to-date trading and has touched a low of $29.42 and a high of $51.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NEM stock was last observed hovering at around $51.19 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $51.45, the stock is 6.84% and 13.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.33 million and changing 0.51% at the moment leaves the stock 29.92% off its SMA200. NEM registered 34.69% gain for a year compared to 6-month gain of 55.02%.
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The stock witnessed a 8.80% loss in the last 1 month and extending the period to 3 months gives it a 15.77%, and is 4.96% up 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 2.38% over the week and 2.93% over the month.
Newmont Corp (NEM) has around 40200 employees, a market worth around $59.04B and $14.72B in sales. Fwd P/E is 13.99. Profit margin for the company is -13.40%. Distance from 52-week low is 74.88% and 0.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.12%).
The EPS is expected to grow by 85.02% this year.
Newmont Corp (NEM) Top Institutional Holders
1674.0 institutions hold shares in Newmont Corp (NEM), with institutional investors hold 73.12% of the company’s shares. The shares outstanding are 1.15B, and float is at 1.14B with Short Float at 1.49%. Institutions hold 73.05% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 134.94 million shares valued at $4.84 billion. The investor’s holdings represent 11.7034 of the NEM Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 113.97 million shares valued at $4.08 billion to account for 9.885 of the shares outstanding. The other top investors are STATE STREET CORP which holds 51.95 million shares representing 4.506 and valued at over $1.86 billion, while VAN ECK ASSOCIATES CORP holds 4.3043 of the shares totaling 49.63 million with a market value of $1.78 billion.
Newmont Corp (NEM) Insider Activity
The most recent transaction is an insider sale by Cage Joshua, the company’s CAO and Controller. SEC filings show that Cage Joshua sold 1,000 shares of the company’s common stock on Aug 14 ’24 at a price of $49.15 per share for a total of $49150.0. Following the sale, the insider now owns 21082.0 shares.
Still, SEC filings show that on Aug 01 ’24, Palmer Thomas Ronald (President & CEO) disposed off 20,000 shares at an average price of $49.51 for $0.99 million. The insider now directly holds 311,469 shares of Newmont Corp (NEM).
