Newmont Stock Trading Cheaper Than Industry: Buy or Hold? [Yahoo! Finance]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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US:NYSE Investor Relations:
newmont.com/investor-relations/default.aspx
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Source: Yahoo! Finance
NEM's stock price is currently trading 23% lower than its 52-week high. Register now to see our 7 Best Stocks for the Next 30 Days report - free today! Newmont Corporation 's NEM stock looks attractive from a valuation perspective. NEM is currently trading at a forward price/earnings of 11.89X, a roughly 10.2% discount when stacked up with the Zacks Mining – Gold industry's average of 13.24X. It also has a Value Score of B. Image Source: Zacks Investment Research NEM is currently trading at a roughly 23% discount to its 52-week high of $58.72, reached on Oct. 22, 2024, as gold prices catapulted to new highs on U.S. election uncertainties and heightened geopolitical tensions. Technical indicators show that NEM has been unremittingly trading above the 200-day simple moving average (SMA) since April 23, 2024. However, the stock is currently trading below the 50-day SMA. Nevertheless, the 50-day SMA continues to read higher than the 200-day moving average since the golden cross
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News
- Gold just topped $2,700 an ounce, but here's why that price could double over the next half decade [BNN Bloomberg (Canada)]BNN Bloomberg
- Newmont (NEM) Down 12% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
- Is Newmont (NEM) Stock Outpacing Its Basic Materials Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Here's Why We're Wary Of Buying Newmont's (NYSE:NEM) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- NEM vs. AGI: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
NEM
Earnings
- 10/23/24 - Beat
NEM
Sec Filings
- 11/18/24 - Form 8-K
- 11/12/24 - Form SC
- 11/6/24 - Form 4
- NEM's page on the SEC website