In last trading session, Newmont Corp (NYSE:NEM) saw 11.51 million shares changing hands with its beta currently measuring 0.52. Company’s recent per share price level of $39.07 trading at $0.01 or 0.03% at ring of the bell on the day assigns it a market valuation of $45.04B. That closing price of NEM’s stock is at a discount of -31.71% from its 52-week high price of $51.46 and is indicating a premium of 24.7% from its 52-week low price of $29.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.07 million shares which gives us an average trading volume of 14.23 million if we extend that period to 3-months.
Newmont Corp (NYSE:NEM) trade information
Upright in the green during last session for gaining 0.03%, in the last five days NEM remained trading in the green while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $39.07 price level, adding 4.19% to its value on the day. Newmont Corp’s shares saw a change of -5.61% in year-to-date performance and have moved 3.58% in past 5-day. Newmont Corp (NYSE:NEM) showed a performance of 15.32% in past 30-days. Number of shares sold short was 16.58 million shares which calculate 1.01 days to cover the short interests.
Newmont Corp (NEM) estimates and forecasts
Statistics highlight that Newmont Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 1.64% of value to its shares in past 6 months, showing an annual growth rate of 24.84% while that of industry is 19.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -5.70% in the current quarter and calculating 35.60% increase in the next quarter. This year revenue growth is estimated to rise 37.20% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.98 billion for the same. And 1 analysts are in estimates of company making revenue of $5.18 billion in the next quarter that will end on Jun 2024.
In 2024, company’s earnings growth rate is likely to be around 27.35% while estimates for its earnings growth in next 5 years are of 12.10%.
NEM Dividends
Newmont Corp is more likely to be releasing its next quarterly report between April 25 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Newmont Corp (NYSE:NEM)’s Major holders
Insiders are in possession of 0.09% of company’s total shares while institution are holding 71.58 percent of that, with stock having share float percentage of 71.64%. Investors also watch the number of corporate investors in a company very closely, which is 71.58% institutions for Newmont Corp that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at NEM for having 99.43 million shares of worth $4.24 billion. And as of Jun 29, 2023, it was holding 12.51% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 70.22 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.84% of outstanding shares, having a total worth of $3.0 billion.
On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 28.02 million shares of worth $1.04 billion or 3.53% of the total outstanding shares. The later fund manager was in possession of 24.76 million shares on Jun 29, 2023, making its stake of worth around $1.06 billion in the company or a holder of 3.12% of company’s stock.
