Newmont Corp (NYSE:NEM) shares, rose in value, with the stock price up by 1.15% to the previous day’s close as strong demand from buyers drove the stock to $48.94.
Actively observing the price movement in the recent trading, the stock is buoying the session at $48.39, falling within a range of $48.2901 and $49.52. The value of beta (5-year monthly) is 0.556 whereas the PE ratio is 16.76 over 12-month period. Referring to stock’s 52-week performance, its high was $58.72, and the low was $35.37. On the whole, NEM has fluctuated by 16.20% over the past month.
With the market capitalization of Newmont Corp currently standing at about $55.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 2.04%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 18.68B, with a low estimate of 4.72B and a high estimate of 4.98B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.82B.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 24.64, with the price of NEM currently trading nearly 6.94% and 9.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.65, while the 7-day volatility ratio is showing 2.00% which for the 30-day chart, stands at 2.82%. Furthermore, Newmont Corp (NEM)’s beta value is 0.58, and its average true range (ATR) is 1.30.
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 1.15% in today’s session so far, and over the past year, it grew by 43.96%%.
Data on historical trading for Newmont Corp (NYSE:NEM) indicates that the trading volumes over the past 10 days have averaged 11.45 and over the past 3 months, they’ve averaged 10.18 million. According to company’s latest data on outstanding shares, there are 1.13 billion shares outstanding.
Nearly 0.13% of Newmont Corp’s shares belong to company insiders and institutional investors own 73.74% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.65 million shares as on 2025-03-14, resulting in a short ratio of 1.9. According to the data, the short interest in Newmont Corp (NEM) stood at 250.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 21.64 million. The stock has risen by 31.50% 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.
