Understanding Newmont Stock Fundamentals Before Investing

By Scott Lee • Wednesday, January 15 15:11 • Permanent Link

Large-cap Basic Materials company Newmont has moved 2.8% so far today on a volume of 6,610,782, compared to its average of 11,040,209. In contrast, the S&P 500 index moved 2.0%.

Newmont trades -22.83% away from its average analyst target price of $53.5 per share. The 19 analysts following the stock have set target prices ranging from $45.0 to $71.26, and on average have given Newmont a rating of buy.

Anyone interested in buying NEM should be aware of the facts below:

Newmont has moved 15.6% over the last year, and the S&P 500 logged a change of 23.3%
Based on its trailing earnings per share of -2.19, Newmont has a trailing 12 month Price to Earnings (P/E) ratio of -18.9 while the S&P 500 average is 29.3
NEM has a forward P/E ratio of 10.8 based on its forward 12 month price to earnings (EPS) of $3.83 per share
Its Price to Book (P/B) ratio is 1.59 compared to its sector average of 2.64
Newmont Corporation engages in the production and exploration of gold.
Based in Denver, the company has 21,700 full time employees and a market cap of $47.0 Billion. Newmont currently returns an annual dividend yield of 2.5%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.