Newmont Corp experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $57.32 on 10/18/24, while the lowest price for the same period was registered at $29.42 on 02/28/24.
52-week price history of NEM Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Newmont Corp’s current trading price is 0.42% away from its 52-week high, while its distance from the 52-week low is 95.65%. The stock’s price range during the 52-week period has remained between $29.42 and $57.32. In the Basic Materials sector, the company’s shares saw a trading volume of around 2.98 million for the day, which was evidently lower than the average daily volume of 7.44 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Newmont Corp (NEM) has experienced a quarterly rise of 21.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 66.05B and boasts a workforce of 40200 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 48.55, with a change in price of +14.93. Similarly, Newmont Corp recorded 7,477,802 in trading volume during the last 100 days, posting a change of +35.21%.
Examining NEM’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for NEM stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.31.
NEM Stock Stochastic Average
Newmont Corp’s raw stochastic average for the past 50 days is presently 99.34%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 98.75%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 88.26% and 83.44%, respectively.
NEM Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant gain of 39.07% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 47.51%. Over the past 30 days, the price of NEM has fallen by 7.55%. And in the last five days, it has surged by 6.00%.
