In the latest trading session,, 3.57 million Newmont Corp (NYSE:NEM) shares changed hands as the company’s beta touched 0.51. With the company’s most recent per share price at $37.78 changed hands at -$0.66 or -1.72% at last look, the market valuation stands at $43.55B. NEM’s current price is a discount, trading about -32.82% off its 52-week high of $50.18. The share price had its 52-week low at $29.42, which suggests the last value was 22.13% up since then. When we look at Newmont Corp’s average trading volume, we note the 3-month average coming to 14.48 million.

Newmont Corp (NYSE:NEM) trade information

Instantly NEM was in red as seen in intraday trades today. With action -4.76%, the performance over the past five days has been red. The drop to weekly highs of 41.30 subtracted -1.72% to the stock’s daily price. The company’s shares are showing year-to-date downside of -8.72%, with the 5-day performance at -4.76% in the red. However, in the 30-day time frame, Newmont Corp (NYSE:NEM) is 11.51% up. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

Newmont Corp (NEM) estimates and forecasts

Data shows that the Newmont Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -4.18% over the past 6 months, a 25.47% in annual growth rate that is considerably higher than the industry average of 19.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Newmont Corp will fall -3.80%, while the growth in revenue is estimated to hit 37.80% for the next quarter. Year-over-year growth is forecast to reach 37.40% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $5.05 billion. 1 analysts are of the opinion that Newmont Corp’s revenue for the quarter ending Jun 2024 will be $5.25 billion. The company’s revenue for the corresponding quarters a year ago was $3.53 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 43.20%. The 2024 estimates are for Newmont Corp earnings to increase by 30.16%, but the outlook for the next 5-year period is at 15.30% per year.

NEM Dividends

Newmont Corp is expected to release its next quarterly earnings report in May. The 3.84% annual yield figure for the share gives it an annual dividend of 1.45. It is important to note, however, that the 3.84% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.