While Newmont Corp has overperformed by 1.43%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NEM rose by 43.85%, with highs and lows ranging from $58.72 to $29.42, whereas the simple moving average jumped by 5.20% in the last 200 days.
On January 13, 2025, Goldman started tracking Newmont Corp (NYSE: NEM) recommending Buy. A report published by CLSA on November 29, 2024, Initiated its previous ‘Underperform’ rating for NEM. UBS October 30, 2024d the rating to Neutral on October 30, 2024, and set its price target from $67 to $54. CIBC October 28, 2024d its ‘Sector Outperform’ rating to ‘Neutral’ for NEM, as published in its report on October 28, 2024. Argus also rated the stock as ‘Buy’.
Analysis of Newmont Corp (NEM)
NEM currently pays a dividend of $1.00 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 84.52%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Newmont Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -5.22% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.62, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 9.42M can be a very valuable indicator of volatility for NEM stock. On a monthly basis, the volatility of the stock is set at 2.38%, whereas on a weekly basis, it is put at 2.39%, with a gain of 2.73% over the past seven days. Furthermore, long-term investors anticipate a median target price of $52.39, showing growth from the present price of $48.09, which can serve as yet another indication of whether NEM is worth investing in or should be passed over.
How Do You Analyze Newmont Corp Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 72.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NEM shares are owned by institutional investors to the tune of 72.60% at present.
