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Last Price: 38.56 - Change: 0.45 - Change %: 1.1808
04/17/2024 16:10:00 EST

Newmont Goldcorp Corp (NEM)

Industry: Gold

Price Support Resistance

In the past 20 trading days, NEM has been trading in a range between $39.67 and $33.77 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

NEM is trading between resistance at $39.52 about 2% to the upside and support at $37.59 -3% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $42.38, about a 10% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Newmont Goldcorp Corp $NEM entered a Green zone 16 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $75.9, a potential upside of 96.84% from the recent price of 38.56. Our AI powered stock target predictor currently has a target price of $39.17 a potential move of 2%. The stock is trading 25.29% (potential upside) below its 52 week high of $48.31 and 32.1 % (potential downside) above its 52 week low of $29.19 - based on the recent price.

Company Summary

Newmont Corporation engages in the production and exploration of gold It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.

NEM Website

News

AG, AAPL, NEM: Stocks to Watch
First Majestic (AG), Apple (AAPL), and Newmont (NEM) are today's big three stock. Tom O'Brien and Ben Lichtenstein discuss the technical trends, as well as how to trade these names.
Source: Schwab Network
Fri, 12 Apr 2024 13:07:27 -0400
Sentiment: Positive
Newmont Announces First Quarter 2024 Earnings Conference Call
DENVER--(BUSINESS WIRE)--Newmont Announces First Quarter 2024 Earnings Conference Call.
Source: Business Wire
Thu, 11 Apr 2024 21:00:00 -0400
Sentiment: Neutral
Here's Why Newmont Corporation (NEM) Fell More Than Broader Market
The latest trading day saw Newmont Corporation (NEM) settling at $39.06, representing a -1.54% change from its previous close.
Source: Zacks Investment Research
Wed, 10 Apr 2024 19:06:08 -0400
Sentiment: Negative
Bullion Bullseye: 3 Gold Stocks for Precious Metal Profits
After testing investor patience for an extended period, gold has finally surged higher. Currently, the precious metal trades at all-time highs of $2,350 an ounce.
Source: InvestorPlace
Wed, 10 Apr 2024 13:57:16 -0400
Sentiment: Positive
Could Gold Hit $5000? Buy 6 Dividend Paying Stocks Wall Street Loves
Sponsored: Want to Retire Early?
Source: 24/7 Wall Street
Wed, 10 Apr 2024 13:49:31 -0400
Sentiment: Positive
Instituions Institution %: 71.596
Last QTR Institution change: 149793454

Insiders
Insiders %: 0.086
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 108049
Insiders Net last QTR: -108049

Analyst Ratings
Target Price: 75.9
Overall Rating: 3.75
Strong Buys (5): 7
Buys (4): 6
Holds (3): 9
Sells (2): 2
Strong Sells (1): 0

Technicals
52 Week Hi: 48.3056
52 Week Low: 29.1897
Beta: 0.538
50 Day MA: 34.3734
200 Day MA: 38.0159

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.259
Qtr Revenue Growth YOY: 0.237
Forward PE: 15.1976
Trailing PE: 0

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