Newmont Corporation (NEM) is primed for evolution with the beta value of 0.28

Newmont Corporation (NEM) is priced at $67.93 after the most recent trading session. At the very opening of the session, the stock price was $66.67 and reached a high price of $66.87, prior to closing the session it reached the value of $65.08. The stock touched a low price of $64.945.

Recently in News on October 29, 2020, Newmont Announces Record Third Quarter 2020 Results. Newmont delivers significant value in Q3 with right-sized portfolio of world-class assets; momentum into 2021. You can read further details here


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Newmont Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $72.22 on 08/05/20, with the lowest value was $33.00 for the same time period, recorded on 03/16/20.

Newmont Corporation (NEM) full year performance was 73.32%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Newmont Corporation shares are logging -5.94% during the 52-week period from high price, and 105.85% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $33.00 and $72.22.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 2448334 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Newmont Corporation (NEM) recorded performance in the market was 49.78%, having the revenues showcasing -7.17% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 50.24B, as it employees total of 16600 workers.

Newmont Corporation (NEM) in the eye of market guru’s

During the last month, 13 analysts gave the Newmont Corporation a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 5 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 63.79, with a change in the price was noted +12.02. In a similar fashion, Newmont Corporation posted a movement of +21.48% for the period of last 100 days, recording 6,914,434 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NEM is recording 0.29 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.27.

Newmont Corporation (NEM): Stocks Technical analysis and Trends

Raw Stochastic average of Newmont Corporation in the period of last 50 days is set at 91.68%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 99.69%. In the last 20 days, the company’s Stochastic %K was 89.67% and its Stochastic %D was recorded 89.02%.

If we look into the earlier routines of Newmont Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 49.78%. Additionally, trading for the stock in the period of the last six months notably improved by 0.81%, alongside a boost of 73.32% for the period of the last 12 months. The shares increased approximately by 10.96% in the 7-day charts and went up by 7.00% in the period of the last 30 days. Common stock shares were lifted by -7.17% during last recorded quarter.

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