Currently, there are 1.14B 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 -5.07% and 7.01% over the past three months. NEM shares are trading 21.79% year to date (YTD), with the 12-month market performance up to 36.58% 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 9.52 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 1.31%, 8.85%, and -0.89% respectively.
Institutional ownership of Newmont Corp (NYSE: NEM) shares accounts for 72.59% of the company’s 1.14B shares outstanding.
It has a market capitalization of $51.61B and a beta (3y monthly) value of 0.56. The stock’s trailing 12-month PE ratio is 15.52, while the earnings-per-share (ttm) stands at $2.92. The company has a PEG of 10.28 and a Quick Ratio of 1.34 with the debt-to-equity ratio at 0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.19% over the week and 2.60% over the month.
Earnings per share for the fiscal year are expected to increase by 2.99%, and 3.05% over the next financial year. EPS should grow at an annualized rate of 1.51% over the next five years, compared to -5.57% over the past 5-year period.
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 January 13, 2025, 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.
