Newmont Corp (NYSE: NEM) is 4.32% higher on its value in year-to-date trading and has touched a low of $29.42 and a high of $58.72 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 $42.36 in the last trading session, with the day’s gains setting it 0.82%.
Currently trading at $43.18, the stock is -4.88% and -14.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.92 million and changing 1.94% at the moment leaves the stock -1.53% off its SMA200. NEM registered 18.79% gain for a year compared to 6-month gain of -1.95%. The firm has a 50-day simple moving average (SMA 50) of $50.9424 and a 200-day simple moving average (SMA200) of $43.80325.
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The stock witnessed a -25.00% loss in the last 1 month and extending the period to 3 months gives it a -16.75%, and is 3.85% 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 1.79% over the week and 2.84% over the month.
Newmont Corp (NEM) has around 40200 employees, a market worth around $49.16B and $16.84B in sales. Fwd P/E is 11.39. Profit margin for the company is -7.18%. Distance from 52-week low is 46.77% and -26.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.12%).
with sales reaching $5.2B over the same period.The EPS is expected to grow by 92.78% this year, but quarterly earnings will post 55.65% year-over-year. Quarterly sales are estimated to grow 31.47% in year-over-year returns.
Newmont Corp (NEM) Top Institutional Holders
1799.0 institutions hold shares in Newmont Corp (NEM), with institutional investors hold 73.92% of the company’s shares. The shares outstanding are 1.15B, and float is at 1.14B with Short Float at 1.63%. Institutions hold 73.86% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 135.01 million shares valued at $5.65 billion. The investor’s holdings represent 11.7095% of the NEM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 119.25 million shares valued at $4.99 billion to account for 10.3427 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 50.92 million shares representing 4.4161% and valued at over $2.13 billion, while STATE STREET CORP holds 4.3891 of the shares totaling 50.61 million with a market value of $2.12 billion.
Newmont Corp (NEM) Insider Activity
The most recent transaction is an insider sale by Palmer Thomas Ronald, the company’s President & CEO. SEC filings show that Palmer Thomas Ronald sold 13,000 shares of the company’s common stock on Nov 01 ’24 at a price of $45.45 per share for a total of $0.59 million. Following the sale, the insider now owns 0.26 million shares.
Newmont Corp disclosed in a document filed with the SEC on Nov 01 ’24 that Toth Peter (EVP & CDO) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Nov 01 ’24 and was made at $45.45 per share for $0.14 million. Following the transaction, the insider now directly holds 88596.0 shares of the NEM stock.
Still, SEC filings show that on Nov 01 ’24, Toth Peter (Officer) Proposed Sale 3,000 shares at an average price of $45.45 for $0.14 million. The insider now directly holds shares of Newmont Corp (NEM).
