Newmont Corporation (NEM) Fundamental and Technical Analysis Explained


Newmont Corporation (NYSE:NEM) went up by 0.76% from its latest closing price when compared to the 1-year high value of $72.22 and move down -6.95%, while NEM stocks collected 2.83% of gains with the last five trading sessions. Press Release reported on 08/25/20 that Experienced Newmont Leader Appointed at Peñasquito

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Newmont Corporation (NYSE:NEM) Worth an Investment?

Newmont Corporation (NYSE: NEM) scored price to earnings ratio above its average ratio, recording 13.75 times of increase in earnings at the present.

NEM Market Performance

NEM stocks went up by 2.83% for the week, with the monthly drop of -3.87% and a quarterly performance of 20.81%, while its annual performance rate touched 64.63%. The simple moving average for the period of the last 20 days is 1.75% for NEM stocks with the simple moving average of 26.90% for the last 200 days.

Analysts’ Opinion on Newmont Corporation (NYSE:NEM)

Many brokerage firms have already submitted their reports for NEM stocks, with Standpoint Research repeating the rating for NEM shares by setting it to “Hold”. The predicted price for NEM socks in the upcoming period according to Standpoint Research is $191 based on the research report published on May 18, 2020.

Barclays, on the other hand, stated in their research note that they expect to see NEM stock at the price of $58. The rating they have provided for NEM stocks is “Equal Weight” according to the report published on April 16, 2020.

JP Morgan gave “Overweight” rating to NEM stocks, setting the target price at $61 in the report published on April 9, 2020.

NEM Stocks 4.50% Far from 50 Day Moving Average

After a stumble in the market that brought NEM to its low price for the period of the last 52 weeks, Newmont Corporation was unable to take a rebound, for now settling with -6.49% of loss for the given period.

The stock volatility was left at 3.24%, however, within the period of a single month, the volatility rate increased by 3.66%, while the shares sank at the distance of -4.04% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +14.63% upper at the present time.

In the course of the last 5 trading sessions, NEM went up by +2.83%, which changed the moving average for the period of 200 days to the total of +79.55% of gains for the stock in comparison to the 20-day moving average settled at $66.23. In addition, Newmont Corporation saw 55.42% in overturn over the period of a single year with a tendency to cut further gains.

NEM Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Newmont Corporation (NEM), starting from Engel E Randall, who sold 5,000 shares at the price of $64.50 back on Aug 12. After this action, Rushing now owns 289,341 shares of Newmont Corporation, valued at $322,500 with the latest closing price.

Gottesfeld Stephen P, the EVP and Chief S&EA Officer of Newmont Corporation, sold 4,000 shares at the value of $64.50 during a trade that took place back on Aug 12, which means that Gottesfeld Stephen P is holding 134,944 shares at the value of $258,000 based on the most recent closing price.

NEM Stock Fundamentals

The current profitability levels are settled at +15.67 for the present operating margin and +20.80 for gross margin. The net margin for Newmont Corporation stands at +29.58. Total capital return value is set at 6.76, while invested capital returns managed to touch 13.60. Equity return holds the value 18.00%, with 9.80% for asset returns.

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Based on Newmont Corporation (NEM), the company’s capital structure generated 32.25 points for debt to equity in total, while total debt to capital is set at the value of 24.39. Total debt to assets is settled at the value of 17.28 with long-term debt to equity ratio rests at 4.51 and long-term debt to capital is 31.66.

The value for Enterprise to Sales is 3.85 with debt to enterprise value settled at 0.18. The receivables turnover for Newmont Corporation is 27.05 with the total asset turnover at the value of 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.63.

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