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Understanding Newmont Corp Inc. (NEM) Price Performance Through Chart Patterns

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 6.62%. However, over the past six months, we’ve seen a weaker performance of 10.00%. The price of NEM fallen by 7.37% over the last 30 days. And in the last five days, it has surged by 5.40%.

In terms of market performance, Newmont Corp had a fairly even. The highest value for the stock in the past year was $45.92 on 07/14/23, and the lowest value was recorded at $29.42 on 02/28/24.

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52-week price history of NEM Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Newmont Corp’s current trading price is -3.90% away from its 52-week high, while its distance from the 52-week low is 50.00%. The stock’s price range during this period has varied between$29.42 and $45.92. The Newmont Corp’s shares, which operate in the Basic Materials, saw a trading volume of around 6.15 million for the day, a figure considerably lower than their average daily volume of 9.74 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Newmont Corp (NEM) has experienced a quarterly rise of 11.30% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 50.89B and boasts a workforce of 40200 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 38.53, with a change in price of +10.57. Similarly, Newmont Corp recorded 12,082,713 in trading volume during the last 100 days, posting a change of +31.50%.

NEM’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NEM stands at 0.33. Similarly, the long-term debt-to-equity ratio is also 0.32.

NEM Stock Stochastic Average

Newmont Corp’s raw stochastic average for the past 50 days is presently 88.49%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 88.16%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 92.82% and 89.38%, respectively.

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