Newmont Corp (NYSE: NEM) is 29.74% higher on its value in year-to-date trading and has touched a low of $36.10 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 $48.28 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $48.29, the stock is 4.28% and 7.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.3 million and changing 0.02% at the moment leaves the stock 4.55% off its SMA200. NEM registered 34.74% gain for a year compared to 6-month loss of -10.41%. The firm has a 50-day simple moving average (SMA 50) of $44.949 and a 200-day simple moving average (SMA200) of $46.1888.
The stock witnessed a 14.00% gain in the last 1 month and extending the period to 3 months gives it a 27.62%, and is 1.56% 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 2.46% over the week and 2.70% over the month.
Newmont Corp (NEM) has around 42600 employees, a market worth around $54.44B and $18.64B in sales. Current P/E ratio is 16.53 and Fwd P/E is 13.12. Profit margin for the company is 17.94%. Distance from 52-week low is 33.77% and -17.76% from its 52-week high. The company has generated returns on investments over the last 12 months (8.81%).
The EPS is expected to shrink by -0.27% this year.
Newmont Corp (NEM) Top Institutional Holders
1689.0 institutions hold shares in Newmont Corp (NEM), with institutional investors hold 74.86% of the company’s shares. The shares outstanding are 1.13B, and float is at 1.13B with Short Float at 1.92%. Institutions hold 74.68% 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
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Still, SEC filings show that on Mar 03 ’25, Brook Bruce R (Director) disposed off 2,077 shares at an average price of $43.71 for $90786.0. The insider now directly holds 47,916 shares of Newmont Corp (NEM).
