Newmont Corp (NYSE:NEM) currently has a daily average trading volume of 7.50M but it saw 7173706 shares traded in last market. With a market cap of 64.57B USD, the company’s current market price of $56.27 came rising about 1.06 while comparing to the previous closing price of $55.68. 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 $56.16 while lowest mark touched by it was $57.319.
Taking a look at 20-day trading activity of Newmont Corp (NEM) gives us an average price of $54.20, while its current price level is -0.05% below from 52-week high level whereas it is 91.26% 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 $52.37 while that of 200 days or SMA-200 reads an average of $42.53. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.91% during that period while stretching the period over a month that increases to 2.14%. 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 67.44 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 6.71% up while it is 5.95% when we observe its performance for the past one month. Year-to-date it is 35.95% up and over the past year, the stock is showing an upside performance of 40.50%.
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 14.68 of forward P/E ratio. Stock’s beta reads 0.51. Stock has a price to book (P/B) ratio of 2.20 while price to sale or P/S ratio amounts to 4.38. Its return on asset (ROA) is -4.24% on average.
