Currently, there are 1.13B common shares owned by the public and among those 1.13B shares have been available to trade.
The company’s stock has a 5-day price change of 24.42% and 40.59% over the past three months. NEM shares are trading 47.69% year to date (YTD), with the 12-month market performance up to 40.73% higher. It has a 12-month low price of $36.60 and touched a high of $58.72 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 14.65%, 19.63%, and 18.34% respectively.
Institutional ownership of Newmont Corp (NYSE: NEM) shares accounts for 73.77% of the company’s 1.13B shares outstanding.
It has a market capitalization of $61.97B and a beta (3y monthly) value of 0.30. The stock’s trailing 12-month PE ratio is 18.82, while the earnings-per-share (ttm) stands at $2.92. The company has a PEG of 5.14 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 6.63% over the week and 3.78% over the month.
Earnings per share for the fiscal year are expected to increase by 9.61%, and 8.25% over the next financial year. EPS should grow at an annualized rate of 3.66% over the next five years, compared to -5.57% over the past 5-year period.
Goldman coverage for the Newmont Corp (NEM) stock in a research note released on January 13, 2025 offered a Buy rating with a price target of $47.20. UBS on their part issued Neutral rating on October 30, 2024.
