Newmont Corp (NYSE: NEM) kicked off on Monday, down -2.46% from the previous trading day, before settling in for the closing price of $41.94. Over the past 52 weeks, NEM has traded in a range of $29.42-$58.72.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Basic Materials Sector giant saw their annual sales surged by 10.93% over the last five years. While this was happening, its average annual earnings per share was recorded 90.29%. With a float of $1.14 billion, this company’s outstanding shares have now reached $1.15 billion.
The firm has a total of 40200 workers. Let’s measure their productivity. In terms of profitability, gross margin is 21.59%, operating margin of 17.77%, and the pretax margin is -3.08%.
Newmont Corp (NEM) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Gold Industry. The insider ownership of Newmont Corp is 0.12%, while institutional ownership is 73.06%. The most recent insider transaction that took place on Nov 27 ’24, was worth 400,335. In this transaction Director of this company bought 9,498 shares at a rate of $42.15, taking the stock ownership to the 14,498 shares. Before that another transaction happened on Dec 02 ’24, when Company’s Officer proposed sale 9,000 for $41.59, making the entire transaction worth $374,310.
Newmont Corp (NEM) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.5 earnings per share (EPS), higher than consensus estimate (set at 0.44) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.96 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 90.29% per share during the next fiscal year.
Newmont Corp (NYSE: NEM) Trading Performance Indicators
Take a look at Newmont Corp’s (NEM) current performance indicators. Last quarter, stock had a quick ratio of 1.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.76. Likewise, its price to free cash flow for the trailing twelve months is 45.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.54, a number that is poised to hit 1.03 in the next quarter and is forecasted to reach 3.70 in one year’s time.
Technical Analysis of Newmont Corp (NEM)
Analysing the last 5-days average volume posted by the [Newmont Corp, NEM], we can find that recorded value of 10.26 million was lower than the volume posted last year of 10.51 million. As of the previous 9 days, the stock’s Stochastic %D was 22.85%. Additionally, its Average True Range was 1.13.
During the past 100 days, Newmont Corp’s (NEM) raw stochastic average was set at 2.36%, which indicates a significant decrease from 12.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.27% in the past 14 days, which was lower than the 37.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $49.07, while its 200-day Moving Average is $44.23. Now, the first resistance to watch is $41.54. This is followed by the second major resistance level at $42.17. The third major resistance level sits at $42.65. If the price goes on to break the first support level at $40.44, it is likely to go to the next support level at $39.96. Should the price break the second support level, the third support level stands at $39.33.
Newmont Corp (NYSE: NEM) Key Stats
The company with the Market Capitalisation of 46.46 billion has total of 1,138,450K Shares Outstanding. Its annual sales at the moment are 11,812 M in contrast with the sum of -2,494 M annual income. Company’s last quarter sales were recorded 4,605 M and last quarter income was 922,000 K.
