Currently, there are 1.15B common shares owned by the public and among those 1.14B shares have been available to trade.
The company’s stock has a 5-day price change of 2.78% and -26.65% over the past three months. NEM shares are trading 5.24% year to date (YTD), with the 12-month market performance up to 3.21% higher. It has a 12-month low price of $29.42 and touched a high of $58.72 over the same period. NEM has an average intraday trading volume of 10.85 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 1.60%, -4.81%, and -13.09% respectively.
Institutional ownership of Newmont Corp (NYSE: NEM) shares accounts for 73.23% of the company’s 1.15B shares outstanding.
It has a market capitalization of $44.59B and a beta (3y monthly) value of 0.51. The earnings-per-share (ttm) stands at -$1.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.54% over the week and 2.25% over the month.
Earnings per share for the fiscal year are expected to increase by 91.18%, and 19.01% over the next financial year.
Looking at the support for the NEM, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on Jan-14-25, with the firm’s price target at $47.20. JP Morgan was of a view on November 19, 2024 that the stock is Overweight, while UBS gave the stock Neutral rating on October 30, 2024, issuing a price target of $67- $54. CIBC on their part issued Neutral rating on October 28, 2024.
