Newmont Corp (NYSE: NEM) kicked off on Friday, down -0.68% from the previous trading day, before settling in for the closing price of $38.37. Over the past 52 weeks, NEM has traded in a range of $29.42-$58.72.
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A company in the Basic Materials sector has jumped its sales by 5.18% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 90.49%. With a float of $1.14 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 21.59%, operating margin of 17.77%, and the pretax margin is -3.08%.
Newmont Corp (NEM) Insider and Institutional Ownership
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 73.19%. The most recent insider transaction that took place on Dec 02 ’24, was worth 540,670. In this transaction President & CEO of this company sold 13,000 shares at a rate of $41.59, taking the stock ownership to the 245,469 shares. Before that another transaction happened on Dec 02 ’24, when Company’s EVP & CDO sold 3,000 for $41.59, making the entire transaction worth $124,770. This insider now owns 85,596 shares in total.
Newmont Corp (NEM) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.83 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 90.49% 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 2.56. Likewise, its price to free cash flow for the trailing twelve months is 42.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.54, a number that is poised to hit 1.06 in the next quarter and is forecasted to reach 3.65 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 7.37 million. That was better than the volume of 7.28 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.67%. Additionally, its Average True Range was 0.97.
During the past 100 days, Newmont Corp’s (NEM) raw stochastic average was set at 5.72%, which indicates a significant decrease from 29.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.56% in the past 14 days, which was lower than the 36.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.31, while its 200-day Moving Average is $44.95. However, in the short run, Newmont Corp’s stock first resistance to watch stands at $38.39. Second resistance stands at $38.68. The third major resistance level sits at $38.86. If the price goes on to break the first support level at $37.92, it is likely to go to the next support level at $37.74. The third support level lies at $37.45 if the price breaches the second support level.
Newmont Corp (NYSE: NEM) Key Stats
The company with the Market Capitalisation of 43.09 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.
