Newmont Corp (NYSE:NEM)’s traded shares stood at 5.43 million during the latest session, with the company’s beta value hitting 0.51. At the last check today, the stock’s price was $53.05, to imply a decrease of -8.12% or -$4.69 in intraday trading. The NEM share’s 52-week high remains $58.72, putting it -10.69% down since that peak but still an impressive 44.54% since price per share fell to its 52-week low of $29.42. The company has a valuation of $60.87B, with an average of 7.19 million shares in intraday trading volume over the past 10 days and average of 7.59 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Newmont Corp (NEM), translating to a mean rating of 1.83. Of 14 analyst(s) looking at the stock, 0 analyst(s) give NEM a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.05.
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Newmont Corp (NYSE:NEM) trade information
After registering a -8.12% downside in the latest session, Newmont Corp (NEM) has traded red over the past five days. The 5-day price performance for the stock is -6.11%, and -4.00% over 30 days. With these gigs, the year-to-date price performance is 28.17%. Short interest in Newmont Corp (NYSE:NEM) saw shorts transact 18.74 million shares and set a 2.19 days time to cover.
The extremes give us $50 and $85.94073324 for target low and target high price respectively. As such, NEM has been trading -62.0% off suggested target high and 5.75% from its likely low.
Newmont Corp (NEM) estimates and forecasts
Looking at statistics comparing Newmont Corp share performance against respective industry, we note that the company has outperformed competitors. Newmont Corp (NEM) shares are 22.21% up over the last 6 months, with its year-to-date growth rate higher than industry average at 90.68% against 20.90%. Revenue is forecast to grow 110.00% this quarter before jumping 87.30% for the next one. The rating firms project that company’s revenue will grow 52.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 5.04B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 5.26B.Earnings reports from the last fiscal year show that sales brought in 3.96B and 4.02B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 27.40% before jumping 30.70% in the following quarter.
NEM Dividends
Newmont Corp has its next earnings report out on 2025-Feb-20. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Newmont Corp has a forward dividend ratio of 1.15, with the share yield ticking at 2.17% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.1%.
Newmont Corp (NYSE:NEM)’s Major holders
Newmont Corp insiders hold 0.09% of total outstanding shares, with institutional holders owning 73.13% of the shares at 73.20% float percentage. In total, 73.13% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 135.01 million shares (or 11.7095% of shares), all amounting to roughly $5.65 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 119.25 million shares, or about 10.3427% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.99 billion.
We also have VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Newmont Corp (NEM) shares. Going by data provided on Sep 30, 2024, VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 41.44 shares. This is just over 3.61% of the total shares, with a market valuation of $2.19 billion. Data from the same date shows that the other fund manager holds a little less at 36.49, or 3.18% of the shares, all valued at about 1.93 billion.
