Newmont Corp (NYSE:NEM) shares, rose in value, with the stock price up by 0.40% to the previous day’s close as strong demand from buyers drove the stock to $47.00.
Actively observing the price movement in the recent trading, the stock is buoying the session at $46.81, falling within a range of $46.67 and $47.27. The value of beta (5-year monthly) is 0.531. Referring to stock’s 52-week performance, its high was $58.72, and the low was $29.42. On the whole, NEM has fluctuated by 17.03% over the past month.
With the market capitalization of Newmont Corp currently standing at about $53.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 2.13%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 18.35B, with a low estimate of 5.11B and a high estimate of 6.22B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.32B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NEM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NEM currently trading nearly 8.22% and 14.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.45, while the 7-day volatility ratio is showing 2.46% which for the 30-day chart, stands at 2.32%. Furthermore, Newmont Corp (NEM)’s beta value is 0.55, and its average true range (ATR) is 1.12.
A comparison of Newmont Corp (NEM) with its peers suggests the former has fared considerably weaker in the market. NEM showed an intraday change of 0.40% in today’s session so far, and over the past year, it grew by 40.05%%.
Data on historical trading for Newmont Corp (NYSE:NEM) indicates that the trading volumes over the past 10 days have averaged 10.58 and over the past 3 months, they’ve averaged 9.69 million. According to company’s latest data on outstanding shares, there are 1.15 billion shares outstanding.
Nearly 0.12% of Newmont Corp’s shares belong to company insiders and institutional investors own 72.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.48 million shares as on 2025-01-31, resulting in a short ratio of 1.98. According to the data, the short interest in Newmont Corp (NEM) stood at 185.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 19.6 million. The stock has risen by 26.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NEM stock heading into the next quarter.
