Newmont Corp (NYSE:NEM) has a beta value of 0.33 and has seen 3.21 million shares traded in the recent trading session. The company, currently valued at $64.76B, closed the recent trade at $58.18 per share which meant it lost -$1.28 on the day or -2.15%% during that session. The NEM stock price is -3.66% off its 52-week high price of $60.31 and 36.64% above the 52-week low of $36.86. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.76 million shares traded. The 3-month trading volume is 13.70 million shares.
The consensus among analysts is that Newmont Corp (NEM) is Buy stock at the moment, with a recommendation rating of 1.81. 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.
Newmont Corp (NYSE:NEM) trade information
Sporting -2.15%% in the red 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 $58.18 or saw a rise of 3.53%. Year-to-date, Newmont Corp shares have moved 35.91%, while the 5-day performance has seen it change 0.11%. Over the past 30 days, the shares of Newmont Corp (NYSE:NEM) have changed 10.51%. Short interest in the company has seen 21.34 million shares shorted with days to cover at 1.77.
Wall Street analysts have a consensus price target for the stock at $64.5, which means that the shares’ value could jump 9.8% from the levels at last check today.. The projected low price target is $63.0 while the price target rests at a high of $66.0. In that case, then, we find that the latest price level in today’s session is -13.44% off the targeted high while a plunge would see the stock gain -8.28% from the levels at last check today..
Newmont Corp (NEM) estimates and forecasts
The company’s shares have gained 54.58% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -5.57% over the past 5 years. Earnings growth for 2025 is a modest 26.85% while over the next 5 years, the company’s earnings are expected to increase by 7.78%.
NEM Dividends
Newmont Corp is expected to release its next earnings report on 2025-Apr-23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.00 at a share yield of 1.72%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.24%.
Newmont Corp (NYSE:NEM)’s Major holders
Insiders own 0.25% of the company shares, while shares held by institutions stand at 75.44% with a share float percentage of 75.62%. Investors are also buoyed by the number of investors in a company, with Newmont Corp having a total of 1805.0 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 VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VanEck ETF Trust-VanEck Gold Miners ETF . As of Mar 31, 2025 , the former fund manager holds about 3.20% shares in the company for having 35.57 shares of worth $2.07 billion while later fund manager owns 34.06 shares of worth $1.98 billion as of May 31, 2025 , which makes it owner of about 3.06% of company’s outstanding stock.
