Large-cap Basic Materials company Newmont has logged a 6.3% change today on a trading volume of 9,041,490. The average volume for the stock is 8,975,485.
Newmont Corporation engages in the production and exploration of gold. Based in Denver, the company has 14,400 full time employees and a market cap of $34,861,015,040. Newmont currently offers its equity investors a dividend that yields 5.3% per year.
The company is now trading -31.97% away from its average analyst target price of $64.56 per share. The 2 analysts following the stock have set target prices ranging from $51.25 to $77.86, and on average give Newmont a rating of hold.
Over the last year, NEM shares have gone down by -27.2%, which represents a difference of -8.4% 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 its gross margins declining an average -1.7% over the last four years, Newmont may not have a strong enough business to reverse this trend.
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