Shares of Basic Materials sector company Newmont moved 4.1% today, and are now trading at a price of $39.34. The large-cap stock's daily volume was 802,246 compared to its average volume of 8,996,810. The S&P 500 index returned a 1.0% performance.
Newmont Corporation engages in the production and exploration of gold. The company is based in Denver and has 14,400 full time employees. Its market capitalization is $31,219,441,664. Newmont currently offers its equity investors a dividend that yields 5.8% per year.
2 analysts are following Newmont and have set target prices ranging from $52.02 to $79.03 per share. On average, they have given the company a rating of hold. At today's prices, NEM is trading -39.97% away from its average analyst target price of $65.53 per share.
Over the last year, NEM shares have gone down by -32.9%, which represents a difference of -12.1% when compared to the S&P 500. The stock's 52 week high is $86.37 per share and its 52 week low is $37.45. With average free cash flows of $2,101,000,000.0 that have been growing at an average rate of 68.3% over the last four years, Newmont declining stock performance may not be reflective of the quality of its underlying business.
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