In recent trading session, Newmont Corp (NYSE:NEM) saw 2.21 million shares changing hands at last check today with its beta currently measuring 0.51. Company’s recent per share price level of $49.51 trading at $0.2 or 0.42% at last check today assigns it a market valuation of $56.81B. That most recent trading price of NEM’s stock is at a discount of -2.44% from its 52-week high price of $50.72 and is indicating a premium of 40.58% 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 6.99 million shares which gives us an average trading volume of 7.77 million if we extend that period to 3-months.

For Newmont Corp (NEM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.12. Splitting up the data highlights that, out of 14 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

Newmont Corp (NYSE:NEM) trade information

Upright in the green today for gaining 0.42%, in the last five days NEM remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $49.51 price level, adding 0.88% to its value on the day. Newmont Corp’s shares saw a change of 19.63% in year-to-date performance and have moved 3.78% in past 5-day. Newmont Corp (NYSE:NEM) showed a performance of 4.22% in past 30-days. Number of shares sold short was 17.07 million shares which calculate 2.23 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 61 to the stock, which implies a rise of 18.84% to its recent value today. Analysts have been projecting 48 as a low price target for the stock while placing it at a high target of 85.94073324. It follows that stock’s current price would jump 3.05% in reaching the projected high whereas dropping to the targeted low would mean a gain of 3.05% for stock’s current value.

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 49.68% of value to its shares in past 6 months, showing an annual growth rate of 75.16% while that of industry is 19.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

In 2024, company’s earnings growth rate is likely to be around 83.54% while estimates for its earnings growth in next 5 years are of 30.30%.

NEM Dividends

Newmont Corp is more likely to be releasing its next quarterly report on 2024-Oct-24 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. With an annual yield of 2.63%, the share has a forward dividend of 1.30 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.08%.

Newmont Corp (NYSE:NEM)’s Major holders

Insiders are in possession of 0.10% of company’s total shares while institution are holding 73.25 percent of that, with stock having share float percentage of 73.32%. Investors also watch the number of corporate investors in a company very closely, which is 73.25% institutions for Newmont Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at NEM for having 134.94 million shares of worth $4.84 billion. And as of 2024-03-31, it was holding 11.7034 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 113.97 million shares on 2024-03-31. The number of shares represents firm’s hold over 9.885 of outstanding shares, having a total worth of $4.08 billion.