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Stock Charts AI Power Rank: 5.6
Power Rank trend -> Rising
01/17/2025 16:28:00 EST
Newmont Goldcorp Corp (NEM)
Industry: Gold
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, NEM has been trading in a range between $40.16 and $37.00 (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.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Newmont Goldcorp Corp $NEM entered a Red zone 76 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $54.1811, a potential upside of 30.02% from the recent price of 41.67. The stock is trading 40.08% (potential upside) below its 52 week high of $58.37 and 45.19 % (potential downside) above its 52 week low of $28.70 - 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.
News
| Newmont Corporation (NEM) Rises As Market Takes a Dip: Key Facts In the most recent trading session, Newmont Corporation (NEM) closed at $41.65, indicating a +0.68% shift from the previous trading day. Source: Zacks Investment Research Thu, 16 Jan 2025 18:56:20 -0500 Sentiment: Neutral |
| What Drove Newmont Stock Down 33%? Newmont Corporation (NYSE: NEM), the world's largest gold miner, has seen its stock underperform since September end, falling by 33% compared to the S&P 500 which is up 1.8%. Newmont's stock price movement is aligned with that for its peers, including Freeport-McMoRan (NYSE: FCX) which is down 24%, Barrick Gold (NYSE: GOLD) which is down 27%, and VALE (NYSE: VALE) which is down 28% during the same period. Source: Forbes Thu, 16 Jan 2025 05:00:00 -0500 Sentiment: Negative |
| Gold Miners Reaping A Record Cash Harvest Cash harvesting sounds more like farming than mining, but that's the point reached by goldmining companies which are awash with cash after three years of high gold prices. Source: Forbes Wed, 15 Jan 2025 01:52:01 -0500 Sentiment: Positive |
| Newmont Announces Fourth Quarter and Full Year 2024 Results Conference Call DENVER--(BUSINESS WIRE)--Newmont Announces Fourth Quarter and Full Year 2024 Results Conference Call. Source: Business Wire Mon, 13 Jan 2025 16:30:00 -0500 Sentiment: Neutral |
| Wall Street Says Gold Could Hit $3,000 or More: Buy These Dividend Gold Stocks Now There has always been a degree of scorn from Wall Street and so-called investment professionals over the years for those who invest in gold. Source: 24/7 Wall Street Fri, 10 Jan 2025 16:17:39 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 58.3726 52 Week Low: 28.7041 Beta: 0.531 50 Day MA: 40.7764 200 Day MA: 45.1715 Earnings / Revenue Trends Qtr Earnings Growth YOY: 3.039 Qtr Revenue Growth YOY: 0.847 Forward PE: 7.6805 Trailing PE: 0