Newmont Corp (NYSE: NEM) is -3.84% lower 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 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 $40.08 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $39.80, the stock is -4.65% and -13.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.02 million and changing -0.70% at the moment leaves the stock -11.05% off its SMA200. NEM registered -2.62% loss for a year compared to 6-month loss of -4.76%. The firm has a 50-day simple moving average (SMA 50) of $46.4608 and a 200-day simple moving average (SMA200) of $44.71445.
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The stock witnessed a -2.76% gain in the last 1 month and extending the period to 3 months gives it a -24.99%, and is -4.07% 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 1.93% over the week and 1.89% over the month.
Newmont Corp (NEM) has around 40200 employees, a market worth around $45.31B and $16.84B in sales. Fwd P/E is 10.73. Profit margin for the company is -7.18%. Distance from 52-week low is 35.28% and -32.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.12%).
with sales reaching $5.38B over the same period.The EPS is expected to grow by 90.72% this year, but quarterly earnings will post 56.12% year-over-year. Quarterly sales are estimated to grow 35.90% in year-over-year returns.
Newmont Corp (NEM) Top Institutional Holders
1804.0 institutions hold shares in Newmont Corp (NEM), with institutional investors hold 74.12% of the company’s shares. The shares outstanding are 1.15B, and float is at 1.14B with Short Float at 1.47%. Institutions hold 74.06% 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 Dec 02 ’24 at a price of $41.59 per share for a total of $0.54 million. Following the sale, the insider now owns 0.25 million shares.
Newmont Corp disclosed in a document filed with the SEC on Dec 02 ’24 that Toth Peter (EVP & CDO) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $41.59 per share for $0.12 million. Following the transaction, the insider now directly holds 85596.0 shares of the NEM stock.
Still, SEC filings show that on Dec 02 ’24, Viljoen Natascha (EVP & COO) disposed off 9,000 shares at an average price of $41.59 for $0.37 million. The insider now directly holds 154,967 shares of Newmont Corp (NEM).
