Newmont Corp (NYSE:NEM) currently has a daily average trading volume of 7.69M but it saw 6738657 shares traded in last market. With a market cap of 61.96B USD, the company’s current market price of $54.00 came falling about -0.26 while comparing to the previous closing price of $54.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $56.30 and as low as $29.42. In the recent trading on the day, stock has struck highest price mark of $53.84 while lowest mark touched by it was $54.71.
Taking a look at 20-day trading activity of Newmont Corp (NEM) gives us an average price of $53.28, while its current price level is -4.09% below from 52-week high level whereas it is 83.55% 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 $51.11 while that of 200 days or SMA-200 reads an average of $41.91. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.13% during that period while stretching the period over a month that increases to 2.36%. 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 56.25 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 -2.28% down while it is 3.31% when we observe its performance for the past one month. Year-to-date it is 30.47% up and over the past year, the stock is showing an upside performance of 51.94%.
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 14.55 of forward P/E ratio. Stock’s beta reads 0.51. Stock has a price to book (P/B) ratio of 2.12 while price to sale or P/S ratio amounts to 4.21. Its return on asset (ROA) is -4.24% on average.
