Where Does Newmont Corporation (NEM) Rank When It Comes To Price-To-Earnings Ratio?


Newmont Corporation (NYSE:NEM) finished Thursday with an addition of $0.1 to close at $42.50, an upside of 0.24 percent. An average of 10,997,400 shares of common stock have been traded in the last five days. There was a gain of $0.10 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 10,119,735 shares traded, while the 50-day average volume stands at 10,603,104.

NEM stock has decreased by -4.60% in the last month. The company shares reached their 1-month lowest point of $40.27 on 09/01/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $40.27 and a high of $86.37 in 52 weeks. It has reached a new high 21 times so far this year and lost -31.47% or -$19.52 in price. In spite of this, the price is down -50.79% from the 52-week high.

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Insider Transactions

22 days have passed since Newmont Corporation (NEM) last reported insider trading activity. Atkinson Robert D, who is EVP & COO, most recently acquired $3,000 shares at $40.79 per share on Sep 01. In this transaction, the insider spent $122,370. President & CEO, Palmer Thomas Ronald, disposed of 11,000 shares at a price of $40.79 on Sep 01. The insider now owns more than $448,690 worth of shares. Prior to that, EVP & COO Atkinson Robert D went on to Sale 3,000 shares at $45.35 each on Aug 01. An amount of $136,050 was transacted.

Valuation Metrics

Newmont Corporation (NEM) has a trailing price-to-earnings (P/E) ratio of 45.50. The stock’s beta is 0.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.65, the price-to-book (PB) ratio at 1.58, and the price-to-cash flow ratio at 51.45.

The company has a payout ratio of 220.40%. The company’s most recent quarterly dividend payment was $0.55 a share, without any change from last year. Its latest increase dividend $0.15 reported on Wednesday February 17 2021.

Financial Health

The quick ratio of Newmont Corporation for the three months ended June 29 was 2.10, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.28 and a total debt to equity ratio of 0.29 for the quarter ending June 29. Its gross profit as reported stood at $6.79 billion compared to revenue of $12.22 billion.

Earnings Surprise

For the three-month period that ended June 29, Newmont Corporation had $51.0 million in cash and short-term investments compared to $5.57 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $387.0 million in the quarter, while revenues were shrunk -67.96%. The analyst consensus anticipated Newmont Corporation’s latest quarter earnings to come in at $0.86 per share, but it turned out to be $0.61, a -29.10% surprise. For the quarter, EBITDA amounted to $1.1 billion. Shareholders own equity worth $793.68 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Newmont Corporation (NEM) price momentum. RSI 9-day as of the close on 22 September was 44.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.01%.

As of today, NEM’s price is $43.14 +0.24% or $0.10 from its 5-day moving average. NEM is currently trading -5.13% lower than its 20-day SMA and -41.66% lower than its 100-day SMA. However, the stock’s current price level is -26.96% below the SMA50 and -23.88% below the SMA200.

The stochastic %K and %D were 50.29% and 64.57%, respectively, and the average true range (ATR) was 1.43. With the 14-day stochastic at 43.24% and the average true range at 1.43, the RSI (14) stands at 41.97%. The stock has reached -0.54 on the 9-day MACD Oscillator while the 14-day reading was at -0.24.

Analyst Ratings

Goldman launched coverage on Newmont Corporation (NYSE: NEM) in its analyst report released on September 12, 2022. The firm assigned the stock a Buy rating.

What is NEM’s price target for the next 12 months?

Analysts predict a range of price targets between $46.00 and $79.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Newmont Corporation (NEM) stock is $60.61.


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