Does Newmont Corp (NEM) offer a good opportunity for investors?

With 8.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.42 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $45.82 whereas the lowest price it dropped to was $44.77. The 52-week range on NEM shows that it touched its highest point at $45.92 and its lowest point at $29.42 during that stretch. It currently has a 1-year price target of $50.57. With its current market cap of 52.42 billion, NEM has annualized dividend of $1.30 while the current yield stands at 2.86%. Beta for the stock currently stands at 0.49.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NEM was up-trending over the past week, with a rise of 8.99%, but this was up by 12.64% over a month. Three-month performance surged to 14.60% while six-month performance rose 13.00%. The stock gained 6.69% in the past year, while it has gained 9.83% so far this year. A look at the trailing 12-month EPS for NEM yields -2.68 with Next year EPS estimates of 3.44. For the next quarter, that number is 0.65. This implies an EPS growth rate of 69.91% for this year and 25.88% for next year.

Float and Shares Shorts:

At present, 1.15 billion NEM shares are outstanding with a float of 1.15 billion shares on hand for trading. On 2024-06-14, short shares totaled 17.37 million, which was 150.999995 higher than short shares on 1715731200. In addition to Mr. Thomas Ronald Palmer as the firm’s President, CEO & Director, Ms. Natascha Viljoen BEng (PrEng), EMBA serves as its Executive VP & Chief Operating Officer.

Institutional Ownership:

Through their ownership of 0.71072996 of NEM’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, NEM reported revenue of $4023000000.0 and operating income of $958000000.0. The EBITDA in the recently reported quarter was $1650000000.0 and diluted EPS was $0.15.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.