Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price gain of 49.65% this year. Over the last six months, there has been a weaker performance of 31.83%. The price of NEM fallen by 8.18% during the last 30 days period. For the last 5-days stocks have improved 3.82%.
Newmont Corp had a pretty favorable run when it comes to the market performance.
52-week price history of NEM Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Newmont Corp’s current trading price is -5.14% away from its 52-week high, while its distance from the 52-week low is 51.11%. The stock’s price range over this timeframe has been between $36.86 and $58.72. The shares of the Basic Materials sector company recorded a trading volume of approximately 8.44 million for the day, which was comparatively lower than the average daily volume of 13.23 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Newmont Corp (NEM) has experienced a quarterly rise of 31.49% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 61.99B and boasts a workforce of 42600 employees.
How Moving Averages and Trading Volume Data Work Together
NEM’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for NEM stands at 0.26. Similarly, the long-term debt-to-equity ratio is also 0.25.
