In the latest trading session,, 2.05 million Newmont Corp (NYSE:NEM) shares changed hands as the company’s beta touched 0.32. With the company’s most recent per share price at $52.18 changed hands at -$0.12 or -0.23% at last look, the market valuation stands at $58.08B. NEM’s current price is a discount, trading about -12.53% off its 52-week high of $58.72. The share price had its 52-week low at $36.86, which suggests the last value was 29.36% up since then.
Analysts gave the Newmont Corp (NEM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.81. If we narrow down to specifics, the data shows that 0 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended NEM as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Newmont Corp’s EPS for the current quarter is expected to be 0.91.
Newmont Corp (NYSE:NEM) trade information
Instantly NEM was in red as seen in intraday trades today. With action 7.24%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 40.20%, with the 5-day performance at 7.24% in the green. However, in the 30-day time frame, Newmont Corp (NYSE:NEM) is -4.32% down.
The consensus price target for the stock as assigned by Wall Street analysts is 64.5, meaning bulls need an upside of 19.1% from its recent market value. According to analyst projections, NEM’s forecast low is 63 with 66 as the target high. To hit the forecast high, the stock’s price needs a -26.49% plunge from its current level, while the stock would need to soar -20.74% for it to hit the projected low.
Newmont Corp (NEM) estimates and forecasts
Year-over-year growth is forecast to reach 3.94% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 4.77B. 7 analysts are of the opinion that Newmont Corp’s revenue for the current quarter will be 4.82B. The company’s revenue for the corresponding quarters a year ago was 4.4B and 4.61B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.29%. The estimates for the next quarter sales put growth at 4.69%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -5.57%. The 2025 estimates are for Newmont Corp earnings to increase by 24.20%, but the outlook for the next 5-year period is at 6.89% per year.
NEM Dividends
Newmont Corp is expected to release its next quarterly earnings report in June. The 1.92% annual yield figure for the share gives it an annual dividend of 1.00. It is important to note, however, that the 1.92% 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.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.3427% or 119.25 million shares worth $4.99 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VanEck ETF Trust-VanEck Gold Miners ETF . With 35.69 shares estimated at $1.87 billion under it, the former controlled 3.21% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF held about 3.04% of the shares, roughly 33.81 shares worth around $1.77 billion.
