Newmont Corp (NYSE:NEM) price closed lower on Friday, April 12, dropping -1.10% below its previous close.
A look at the daily price movement shows that the last close reads $39.07. The company’s 5Y monthly beta was ticking 0.54. Taking into account the 52-week price action we note that the stock hit a 52-week high of $51.46 and 52-week low of $29.42. The stock added 12.42% on its value in the past month.
Newmont Corp, which has a market valuation of $44.54 billion, is expected to release its quarterly earnings report Apr 25, 2024. The company stock has a Forward Dividend ratio of 1.45, while the dividend yield is 3.75%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NEM a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that NEM’s price is at present 6.93% off the SMA20 and 12.87% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.68, with weekly volatility standing at 3.87%. The indicator jumps to 3.14% when calculated based on the past 30 days. Newmont Corp (NYSE:NEM)’s beta value is holding at 0.53, while the average true range (ATR) indicator is currently reading 1.29. An analysis of the Newmont Corp (NYSE:NEM) stock in terms of its daily trading volume indicates that the 3-month average is 14.28 million.
Current records show that the company has 1.15B in outstanding shares. The insiders’ percentage holdings are 0.14% of outstanding shares while the percentage share held by institutions stands at 71.00%. But the -6.64% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
