In today’s recent session, 4.44 million shares of the Newmont Corp (NYSE:NEM) have been traded, and its beta is 0.32. Most recently the company’s share price was $57.90, and it changed around $0.0 or 0.01% from the last close, which brings the market valuation of the company to $64.45B. NEM at last check was trading at a discount to its 52-week high of $58.72, offering almost -1.42% off that amount. The share price’s 52-week low was $36.86, which indicates that the recent value has risen by an impressive 36.34% since then.
Newmont Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.81. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 7 recommended NEM as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight.
Newmont Corp (NYSE:NEM) trade information
Instantly NEM has been showing a green trend so far today with a performance of 0.01% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 58.15 on recent trading dayincreased the stock’s daily price by 0.43%. The company’s shares are currently up 55.57% year-to-date, but still up 8.68% over the last five days. On the other hand, Newmont Corp (NYSE:NEM) is 16.18% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $64.5, which translates to bulls needing to increase their stock price by 10.23% 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 25.74% in 2025, but the outlook is positive 7.79% per year for the next five years.
NEM Dividends
Newmont Corp’s next quarterly earnings report is expected to be released in July. 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.
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.
