Currently, there are 1.15B common shares owned by the public and among those 1.15B shares have been available to trade.
Insiders at the company have transacted a total of 71 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 541,440 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 196,247 shares.
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The company’s stock has a 5-day price change of -1.10% and -9.22% over the past three months. NEM shares are trading -19.81% year to date (YTD), with the 12-month market performance down to -27.61% lower. It has a 12-month low price of $31.61 and touched a high of $52.76 over the same period. NEM has an average intraday trading volume of 11.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.13%, -10.95%, and -16.48% respectively.
Institutional ownership of Newmont Corp (NYSE: NEM) shares accounts for 70.93% of the company’s 1.15B shares outstanding.
It has a market capitalization of $38.25B and a beta (3y monthly) value of 0.52. The earnings-per-share (ttm) stands at -$1.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.52% over the week and 2.36% over the month.
Analysts forecast that Newmont Corp (NEM) will achieve an EPS of $0.62 for the current quarter, $0.55 for the next quarter and $3.01 for 2024. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.96. Comparatively, EPS for the current quarter was $0.6 a year ago. Earnings per share for the fiscal year are expected to decrease by -19.14%, and 39.71% over the next financial year. EPS should grow at an annualized rate of 9.15% over the next five years, compared to -22.45% over the past 5-year period.
Macquarie coverage for the Newmont Corp (NEM) stock in a research note released on November 21, 2023 offered a Outperform rating with a price target of $45. Barclays on their part issued Overweight rating on July 07, 2023.
