In the past week, NEM stock has gone down by -9.13%, with a monthly decline of -27.56% and a quarterly plunge of -20.04%. The volatility ratio for the week is 2.27%, and the volatility levels for the last 30 days are 2.92% for Newmont Corp. The simple moving average for the past 20 days is -12.79% for NEM’s stock, with a -6.47% simple moving average for the past 200 days.
Is It Worth Investing in Newmont Corp (NYSE: NEM) Right Now?
Additionally, the 36-month beta value for NEM is 0.51. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for NEM is 1.14B and currently, short sellers hold a 1.63% ratio of that float. The average trading volume of NEM on November 18, 2024 was 9.42M shares.
NEM) stock’s latest price update
Newmont Corp (NYSE: NEM) has experienced a rise in its stock price by 0.61 compared to its previous closing price of 40.68. However, the company has seen a fall of -9.13% in its stock price over the last five trading days. zacks.com reported 2024-11-15 that Newmont (NEM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Analysts’ Opinion of NEM
Many brokerage firms have already submitted their reports for NEM stocks, with UBS repeating the rating for NEM by listing it as a “Neutral.” The predicted price for NEM in the upcoming period, according to UBS is $54 based on the research report published on October 30, 2024 of the current year 2024.
NEM Trading at -19.92% 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 -30.30% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -28.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.69% lower at present.
During the last 5 trading sessions, NEM fell by -9.13%, which changed the moving average for the period of 200-days by +14.94% in comparison to the 20-day moving average, which settled at $46.93. In addition, Newmont Corp saw -1.11% 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 Palmer Thomas Ronald, who sale 13,000 shares at the price of $45.45 back on Nov 01 ’24. After this action, Palmer Thomas Ronald now owns 258,469 shares of Newmont Corp, valued at $590,850 using the latest closing price.
Toth Peter, the EVP & CDO of Newmont Corp, sale 3,000 shares at $45.45 during a trade that took place back on Nov 01 ’24, which means that Toth Peter is holding 88,596 shares at $136,350 based on the most recent closing price.
Stock Fundamentals for NEM
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.23 for the gross margin
The net margin for Newmont Corp stands at -0.07. The total capital return value is set at 0.06. Equity return is now at value -5.22, with -2.70 for asset returns.
Based on Newmont Corp (NEM), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.52. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 7.54.
Currently, EBITDA for the company is -166.0 million with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 3.13. The receivables turnover for the company is 17.29for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.96.
Conclusion
In conclusion, Newmont Corp (NEM) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
