Would It Be A Good Move Today To Sell Newmont Corporation (NEM) Stock?


As of Wednesday close, Newmont Corporation’s (NYSE:NEM) stock was up $0.12, moving up 0.26 percent to $46.25. The average number of shares traded per day over the past five days has been 5,873,300 shares. 4 times new highs have been achieved over the past 5 days, with a $0.76 gain in that time frame. In the last twenty days, the average volume was 8,127,310, while in the previous 50 days, it was 8,724,574.

Since last month, NEM stock rose 8.26%. Shares of the company fell to $37.45 on 11/03/22, the lowest level in the past month. A 52-week high of $86.37 was reached on 04/18/22 after having rallying from a 52-week low of $37.45. Since the beginning of this year, NEM’s stock price has dropped by -25.43% or -$15.77, and marked a new high 21 times. However, the stock has declined by -46.45% since its 52-week high.

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NEM stock investors should be aware that Newmont Corporation (NEM) stock had its last reported insider trading activity 23 days ago on Nov 02. Casper Mark, the Acting CTO of the company, disposed of 4,890 shares for $41.98 on Nov 02. It resulted in a $205,282 divestment by the insider. Atkinson Robert D sold 3,000 shares at an average price of $43.02 on Nov 01. The insider now owns 39,947 shares following the transaction. On Nov 01, President & CEO Palmer Thomas Ronald sold 11,000 shares at $43.02 apiece. The transaction was valued at $473,220.

Valuation Metrics

Right now, Newmont Corporation (NEM) has a P/E ratio of about 37.97. The stock’s beta is 0.27. Besides these, the trailing price-to-sales (P/S) ratio of 3.00, the price-to-book (PB) ratio of 1.73.

The latest dividend of $0.55 per share was paid out, remained unchanged from last year’s $0.55. On Wednesday February 17 2021, a $0.15 dividend increase was announced.

Financial Health

In the three months ended June 29, Newmont Corporation’s quick ratio stood at 2.00, while its current ratio was 2.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.28, and the total debt-to-equity ratio was 0.29. On the profitability front, the trailing twelve-month gross margin is 48.60% percent. In the year ended June 29, operating margins totaled 8.20%. Based on annual data, NEM earned $6.79 billion in gross profit and brought in $12.22 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.50%. Return on equity (ROE) for the past 12 months was 4.70%.

In Newmont Corporation’s quarter-end financial report for June 29, it reported total debt of $5.57 billion against cash and short-term investments of $755.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NEM’s revenue fell -9.91% to $3.06 billion during the quarter, while net income inched up to $2.63 billion. While analysts expected Newmont Corporation to report $0.87 quarterly earnings, the actual figure was $0.62 per share, beating the consensus estimate by -28.70%. During the quarter, the company generated $803.0 million in EBITDA. The liabilities of Newmont Corporation were 17.74 billion at the end of its most recent quarter ended June 29, and its total debt was $6.17 billion. The value of shareholders’ equity is $793.74 million.

Technical Picture

This quick technical analysis looks at Newmont Corporation’s (NEM) price momentum. With a historical volatility rate of 18.98%, the RSI 9-day stood at 64.04% on 23 November.

With respect to its five-day moving average, the current Newmont Corporation price is up by +1.67% percent or $0.76. At present, NEM shares trade +5.67% above its 20-day simple moving average and -22.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately +7.73% above its SMA50 and -27.23% below its SMA200.

Stochastic coefficient K was 87.35% and Stochastic coefficient D was 83.36%, while ATR was 1.40. Given the Stochastic reading of 91.17% for the 14-day period, the RSI (14) reading has been calculated as 60.63%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 1.01.


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