The stock of Newmont Corp (NEM) has gone down by -4.84% for the week, with a 7.79% rise in the past month and a 18.16% rise in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are 3.56% for NEM. The simple moving average for the last 20 days is 2.60% for NEM’s stock, with a simple moving average of 7.61% for the last 200 days.
Is It Worth Investing in Newmont Corp (NYSE: NEM) Right Now?
NEM has 36-month beta value of 0.53. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for NEM is 1.15B, and currently, short sellers hold a 1.76% ratio of that float. The average trading volume of NEM on May 06, 2024 was 14.90M shares.
NEM) stock’s latest price update
The stock price of Newmont Corp (NYSE: NEM) has dropped by -0.95 compared to previous close of 41.05. Despite this, the company has seen a fall of -4.84% in its stock price over the last five trading days. 24/7 Wall Street reported 2024-05-04 that $178.25 Dynamic Income Opportunities Fund (NYSE:PDO) 14.21% $177.63 Apollo Senior Floating Rate Fund Inc.
Analysts’ Opinion of NEM
Many brokerage firms have already submitted their reports for NEM stocks, with Jefferies repeating the rating for NEM by listing it as a “Buy.” The predicted price for NEM in the upcoming period, according to Jefferies is $38 based on the research report published on February 29, 2024 of the current year 2024.
NEM Trading at 12.61% from the 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, the company was unable to rebound, for now settling with -18.97% of loss for the given period.
Volatility was left at 3.56%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares surge +2.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.63% upper at present.
During the last 5 trading sessions, NEM fell by -4.84%, which changed the moving average for the period of 200-days by -10.00% in comparison to the 20-day moving average, which settled at $39.68. In addition, Newmont Corp saw -1.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NEM starting from Atkinson Robert D, who sale 5,500 shares at the price of $41.26 back on Jan 02 ’24. After this action, Atkinson Robert D now owns 54,251 shares of Newmont Corp, valued at $226,930 using the latest closing price.
Atkinson Robert D, the EVP & COO of Newmont Corp, sale 5,500 shares at $40.25 during a trade that took place back on Dec 01 ’23, which means that Atkinson Robert D is holding 59,751 shares at $221,375 based on the most recent closing price.
Stock Fundamentals for NEM
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.15 for the gross margin
The net margin for Newmont Corp stands at -0.2. The total capital return value is set at 0.02. Equity return is now at value -11.08, with -5.71 for asset returns.
Based on Newmont Corp (NEM), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 3.19.
Currently, EBITDA for the company is 4.29 billion with net debt to EBITDA at 1.52. When we switch over and look at the enterprise to sales, we see a ratio of 4.12. The receivables turnover for the company is 16.75for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
To put it simply, Newmont Corp (NEM) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
