On Thursday, Newmont Corp (NYSE: NEM) opened lower -1.55% from the last session, before settling in for the closing price of $55.95. Price fluctuations for NEM have ranged from $36.60 to $58.72 over the past 52 weeks.
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 15.66% over the last five years. Company’s average yearly earnings per share was noted 13.26% at the time writing. With a float of $1.13 billion, this company’s outstanding shares have now reached $1.13 billion.
The firm has a total of 42600 workers. Let’s measure their productivity. In terms of profitability, gross margin is 34.89%, operating margin of 31.06%, and the pretax margin is 24.56%.
Newmont Corp (NEM) Insider Activity
A key investor’s attitude towards the stock of the Gold industry is another important factor to consider. The insider ownership of Newmont Corp is 0.11%, while institutional ownership is 73.66%. The most recent insider transaction that took place on Apr 01 ’25, was worth 100,651. In this transaction Director of this company sold 2,077 shares at a rate of $48.46, taking the stock ownership to the 45,839 shares. Before that another transaction happened on Apr 01 ’25, when Company’s EVP, Chief Sustain & Dev Off sold 3,000 for $48.46, making the entire transaction worth $145,380. This insider now owns 83,526 shares in total.
Newmont Corp (NEM) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.84 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.04% during the next five years compared to -5.57% drop over the previous five years of trading.
Newmont Corp (NYSE: NEM) Trading Performance Indicators
Check out the current performance indicators for Newmont Corp (NEM). In the past quarter, the stock posted a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.33. Likewise, its price to free cash flow for the trailing twelve months is 20.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.92, a number that is poised to hit 0.90 in the next quarter and is forecasted to reach 4.30 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 18.13 million was better than the volume posted last year of 11.66 million. As of the previous 9 days, the stock’s Stochastic %D was 89.32%. Additionally, its Average True Range was 2.15.
During the past 100 days, Newmont Corp’s (NEM) raw stochastic average was set at 90.11%, which indicates a significant increase from 85.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.07% in the past 14 days, which was higher than the 37.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.88, while its 200-day Moving Average is $46.72. Now, the first resistance to watch is $55.93. This is followed by the second major resistance level at $56.78. The third major resistance level sits at $57.36. If the price goes on to break the first support level at $54.50, it is likely to go to the next support level at $53.92. Should the price break the second support level, the third support level stands at $53.07.
Newmont Corp (NYSE: NEM) Key Stats
There are currently 1,127,257K shares outstanding in the company with a market cap of 62.09 billion. Presently, the company’s annual sales total 18,682 M according to its annual income of 3,348 M. Last quarter, the company’s sales amounted to 5,652 M and its income totaled 1,403 M.
