Newmont Corp (NEM) ticks all the boxes for top investors with its surprise performance of 7.71% last month.

Newmont Corp (NYSE: NEM) on Tuesday, soared 1.93% from the previous trading day, before settling in for the closing price of $57.57. Within the past 52 weeks, NEM’s price has moved between $29.42 and $58.71.

A company in the Basic Materials sector has jumped its sales by 10.93% annually for the last half of the decade. The company achieved an average annual earnings per share of 91.94%. With a float of $1.15 billion, this company’s outstanding shares have now reached $1.15 billion.

In an organization with 40200 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 18.61%, operating margin of 12.6%, and the pretax margin is -9.14%.

Newmont Corp (NEM) Insider and Institutional Ownership

Observing investor behavior towards Gold industry stocks is more important than anything else. The insider ownership of Newmont Corp is 0.12%, while institutional ownership is 72.51%. The most recent insider transaction that took place on Oct 01 ’24, was worth 161,430. In this transaction EVP & CDO of this company sold 3,000 shares at a rate of $53.81, taking the stock ownership to the 91,596 shares. Before that another transaction happened on Oct 01 ’24, when Company’s President & CEO sold 20,000 for $53.81, making the entire transaction worth $1,076,200. This insider now owns 271,469 shares in total.

Newmont Corp (NEM) Latest Financial update

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.36 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.43) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 91.94% per share during the next fiscal year.

Newmont Corp (NYSE: NEM) Trading Performance Indicators

Newmont Corp (NEM) is currently performing well based on its current performance indicators. A quick ratio of 1.73 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.57. Likewise, its price to free cash flow for the trailing twelve months is 109.48.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.14, a number that is poised to hit 0.86 in the next quarter and is forecasted to reach 3.92 in one year’s time.

Technical Analysis of Newmont Corp (NEM)

Let’s dig in a bit further. During the last 5-days, its volume was 7.17 million. That was inferior than the volume of 10.14 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 92.40%. Additionally, its Average True Range was 1.22.

During the past 100 days, Newmont Corp’s (NEM) raw stochastic average was set at 99.79%, which indicates a significant increase from 99.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.73% in the past 14 days, which was lower than the 27.62% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $53.16, while its 200-day Moving Average is $42.88. However, in the short run, Newmont Corp’s stock first resistance to watch stands at $59.07. Second resistance stands at $59.46. The third major resistance level sits at $60.20. If the price goes on to break the first support level at $57.94, it is likely to go to the next support level at $57.20. The third support level lies at $56.81 if the price breaches the second support level.

Newmont Corp (NYSE: NEM) Key Stats

Market capitalization of the company is 67.33 billion based on 1,153,140K outstanding shares. Right now, sales total 11,812 M and income totals -2,494 M. The company made 4,402 M in profit during its latest quarter, and 853,000 K in sales during its previous quarter.