In today’s recent session, 3.47 million shares of the Newmont Corp (NYSE:NEM) have been traded, and its beta is 0.31. Most recently the company’s share price was $57.85, and it changed around -$2.31 or -3.84% from the last close, which brings the market valuation of the company to $64.39B. NEM at last check was trading at a discount to its 52-week high of $60.31, offering almost -4.25% off that amount. The share price’s 52-week low was $36.86, which indicates that the recent value has risen by an impressive 36.28% since then. We note from Newmont Corp’s average daily trading volume that its 10-day average is 10.55 million shares, with the 3-month average coming to 13.40 million.
Newmont Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.89. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 7 recommended NEM as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight.
Newmont Corp (NYSE:NEM) trade information
Instantly NEM has been showing red trend so far today with a performance of -3.84% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 60.19 on recent trading dayincreased the stock’s daily price by 3.89%. The company’s shares are currently up 33.14% year-to-date, but still down -0.70% over the last five days. On the other hand, Newmont Corp (NYSE:NEM) is 6.13% up in the 30-day period. We can see from the shorts that 24.44 million shares have been sold at a short interest cover period of 1.99 day(s).
The consensus price target as assigned by Wall Street analysts is $64.5, which translates to bulls needing to increase their stock price by 10.31% from its current value. Analyst projections state that NEM is forecast to be at a low of $63 and a high of $66.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -5.57%. Newmont Corp earnings are expected to increase by 35.13% in 2025, but the outlook is positive 9.48% per year for the next five years.
NEM Dividends
Newmont Corp’s next quarterly earnings report is expected to be released on 2025-Apr-23. The annual dividend yield of the stock is 1.73 percent and its annual dividend per share was 1.00. It is important to note, however, that the 1.73% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.25 per year.
Newmont Corp (NYSE:NEM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.25% of Newmont Corp shares, and 75.50% of them are in the hands of institutional investors. The stock currently has a share float of 75.69%. Newmont Corp stock is held by 1800.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.7095% of the shares, which is about 135.01 million shares worth $5.65 billion.
BLACKROCK INC., with 10.3427% or 119.25 million shares worth $4.99 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VanEck ETF Trust-VanEck Gold Miners ETF were the top two Mutual Funds as of Mar 31, 2025 . The former held 35.57 shares worth $2.04 billion, making up 3.20% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF held roughly 34.06 shares worth around $1.96 billion, which represents about 3.06% of the total shares outstanding.
