Newmont Corp (NYSE:NEM) currently has a daily average trading volume of 7.42M but it saw 8626740 shares traded in last market. With a market cap of 63.41B USD, the company’s current market price of $55.26 came falling about -1.06 while comparing to the previous closing price of $55.85. In past 52 weeks, the stock remained buoying in the range of price level as high as $56.09 and as low as $29.42. In the recent trading on the day, stock has struck highest price mark of $55.175 while lowest mark touched by it was $56.3.
Taking a look at 20-day trading activity of Newmont Corp (NEM) gives us an average price of $52.84, while its current price level is -1.48% below from 52-week high level whereas it is 87.83% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $50.43 while that of 200 days or SMA-200 reads an average of $41.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.47% during that period while stretching the period over a month that decreases to 2.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 66.43 which implies that the stock is in neutral territory.
Scotiabank upgraded its recommendation for the stock as a “Sector Outperform” from “Sector Perform” on August 19, 2024 while assigning a price target range of $48-$59. CIBC also issued its recommendations for the stock as it upgraded the price target for the stock is $61.
Over the week, NEM’s stock price is moving 4.15% up while it is 5.74% when we observe its performance for the past one month. Year-to-date it is 33.51% up and over the past year, the stock is showing an upside performance of 36.51%.
Currently, Newmont Corp’s total number of outstanding shares is 1.15B. Company’s return on investment (ROI) stands at -5.12% and return on equity (ROE) at -8.18%. It has a 14.82 of forward P/E ratio. Stock’s beta reads 0.51. Stock has a price to book (P/B) ratio of 2.16 while price to sale or P/S ratio amounts to 4.31. Its return on asset (ROA) is -4.24% on average.
