Just the Facts on Newmont Mining Corporation (NEM)

Newmont Mining Corporation (NEM) is an interesting player in the Basic Materials space, with a focus on Gold. The stock has been active on the tape, currently trading at $39.69, up from yesterday’s close by 0.46%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Newmont Mining Corporation (NEM) currently trades with a market capitalization of $21.19 Billion. That value represents a market adjusting for revenues that have been growing by 7.51 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.31 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.31 on a per share basis this quarter. Perhaps, that suggests something about why 0.69% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Newmont Mining Corporation recorded a 52-week high of $42.04. It is now trading 2.35% off that level. The stock is trading $39.46 its 50-day moving average by -0.23%. The stock carved out a 52-week low down at $31.42.

In recent action, Newmont Mining Corporation (NEM) has made a move of -3.41% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.34% with $532.00 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NEM.

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