The stock of Newmont Corp (NEM) has seen a 6.57% increase in the past week, with a 3.97% gain in the past month, and a -25.95% decrease in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are at 2.30% for NEM. The simple moving average for the past 20 days is 7.64% for NEM’s stock, with a -7.75% simple moving average for the past 200 days.
Is It Worth Investing in Newmont Corp (NYSE: NEM) Right Now?
Company’s 36-month beta value is 0.52.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for NEM is 1.14B, and currently, short sellers hold a 1.72% ratio of that floaft. The average trading volume of NEM on January 20, 2025 was 11.08M shares.
NEM) stock’s latest price update
The stock price of Newmont Corp (NYSE: NEM) has surged by 0.05 when compared to previous closing price of 41.65, but the company has seen a 6.57% gain in its stock price over the last five trading sessions. zacks.com reported 2025-01-16 that In the most recent trading session, Newmont Corporation (NEM) closed at $41.65, indicating a +0.68% shift from the previous trading day.
Analysts’ Opinion of NEM
Many brokerage firms have already submitted their reports for NEM stocks, with Goldman repeating the rating for NEM by listing it as a “Buy.” The predicted price for NEM in the upcoming period, according to Goldman is $47.20 based on the research report published on January 13, 2025 of the current year 2025.
NEM Trading at 2.19% 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 -29.04% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +4.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.94% lower at present.
During the last 5 trading sessions, NEM rose by +6.57%, which changed the moving average for the period of 200-days by +13.26% in comparison to the 20-day moving average, which settled at $38.71. In addition, Newmont Corp saw 11.96% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NEM starting from Brook Bruce R, who sale 2,077 shares at the price of $40.00 back on Jan 10 ’25. After this action, Brook Bruce R now owns 52,070 shares of Newmont Corp, valued at $83,080 using the latest closing price.
Toth Peter, the EVP & CDO of Newmont Corp, sale 3,000 shares at $40.00 during a trade that took place back on Jan 10 ’25, which means that Toth Peter is holding 82,596 shares at $120,000 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
- 0.22 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 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 7.54.
Currently, EBITDA for the company is 1.86 billion with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 3.18. 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 a nutshell, Newmont Corp (NEM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
