Newmont Corp (NYSE:NEM) has a beta value of 0.51 and has seen 1.57 million shares traded in the recent trading session. The NEM stock price is -0.43% off its 52-week high price of $56.09 and 47.32% above the 52-week low of $29.42. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.23 million shares traded. The 3-month trading volume is 7.42 million shares.
The consensus among analysts is that Newmont Corp (NEM) is Buy stock at the moment, with a recommendation rating of 1.96. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 14 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Newmont Corp (NYSE:NEM) trade information
Sporting 0.01% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NEM stock price touched $55.85 or saw a rise of 0.69%. Year-to-date, Newmont Corp shares have moved 34.95%, while the 5-day performance has seen it change 5.27%. Over the past 30 days, the shares of Newmont Corp (NYSE:NEM) have changed 6.88%. Short interest in the company has seen 17.04 million shares shorted with days to cover at 2.5.
Wall Street analysts have a consensus price target for the stock at $60, which means that the shares’ value could jump 6.92% from the levels at last check today. The projected low price target is $50.0 while the price target rests at a high of $85.94073324. In that case, then, we find that the latest price level in today’s session is -53.88% off the targeted high while a plunge would see the stock lose 10.47% from the levels at last check today.
Newmont Corp (NEM) estimates and forecasts
Figures show that Newmont Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 64.28% over the past 6 months, with this year growth rate of 82.61%, compared to 22.00% for the industry.
Earnings growth for 2024 is a modest 86.83% while over the next 5 years, the company’s earnings are expected to increase by 26.25%.
NEM Dividends
Newmont Corp is expected to release its next earnings report on 2024-Oct-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.15 at a share yield of 2.06%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.09%.
Newmont Corp (NYSE:NEM)’s Major holders
Insiders own 0.09% of the company shares, while shares held by institutions stand at 73.09% with a share float percentage of 73.16%. Investors are also buoyed by the number of investors in a company, with Newmont Corp having a total of 1684.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 135.01 million shares worth more than $5.65 billion. As of 2024-06-30, VANGUARD GROUP INC held 11.7095% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 119.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.99 billion and represent 10.3427% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard Total Stock Market Index Fund. As of Jul 31, 2024, the former fund manager holds about 3.74% shares in the company for having 42.97 shares of worth $2.4 billion while later fund manager owns 36.49 shares of worth $2.04 billion as of Jun 30, 2024, which makes it owner of about 3.18% of company’s outstanding stock.
