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Analysis
Newmont Corporation (NEM)
Newmont Corporation (NEM)
Ranking:
Buy
Implies positive momentum
Stock Name: Newmont Corporation
Symbol: NEM
Market Cap: $54.75B
Industry: Gold
Sector: Basic Materials
Website: https://www.newmont.com
About Newmont Corporation

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, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado. Please visit their website for more information.

Overview:
Last Close: $48.09
52 Week: $29.14-$58.33
MVA50: 43.48
MVA200: 43.85
Quarterly Revenue: $5.65B
RSI: 69.90
Buy/Sell*: 61.47
1-Month change: 20.65%
3-Month change: -10.39%
EPS: 1.24
*Proprietary Buy Sell Volume Indicator
Price Chart For NEM
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering various financial parameters of the stock from its income statement, balance sheet, and cash flow, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Buy.

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