With 15.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.09 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $41.91 whereas the lowest price it dropped to was $41.08. The 52-week range on NEM shows that it touched its highest point at $58.72 and its lowest point at $29.42 during that stretch. It currently has a 1-year price target of $57.91. With its current market cap of 46.94 billion, NEM has annualized dividend of $1.15 while the current yield stands at 2.79%. Beta for the stock currently stands at 0.51.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NEM was down-trending over the past week, with a drop of -7.31%, but this was down by -25.95% over a month. Three-month performance dropped to -16.39% while six-month performance fell -4.54%. The stock gained 20.56% in the past year, while it has lost -0.39% so far this year. A look at the trailing 12-month EPS for NEM yields -1.54 with Next year EPS estimates of 3.80. For the next quarter, that number is 1.08. This implies an EPS growth rate of 92.68% for this year and 22.46% for next year.
Float and Shares Shorts:
At present, 1.15 billion NEM shares are outstanding with a float of 1.14 billion shares on hand for trading. On 2024-10-31, short shares totaled 18.54 million, which was 163.0 higher than short shares on 1727654400. In addition to Mr. Thomas Ronald Palmer as the firm’s President, CEO & Director, Ms. Natascha Viljoen BEng (PrEng), EMBA serves as its Executive VP & Chief Operating Officer.
Institutional Ownership:
Through their ownership of 0.74064004 of NEM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, NEM reported revenue of $4605000000.0 and operating income of $1298000000.0. The EBITDA in the recently reported quarter was $1963000000.0 and diluted EPS was $0.8.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEM since 14 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NEM analysts setting a high price target of 72.74 and a low target of 45.0, the average target price over the next 12 months is 57.81222. Based on these targets, NEM could surge 76.42% to reach the target high and rise by 9.14% to reach the target low. Reaching the average price target will result in a growth of 40.22% from current levels.
Analysts have provided yearly estimates in a range of $3.23969 being high and $2.89504 being low. For NEM, this leads to a yearly average estimate of $3.10183.
