(NEM) Newmont Goldcorp - Ratings and Ratios

Newmont Corporation, one of the largest gold mining companies globally, specializes in the exploration, development, and production of gold properties. The company also explores for other metals such as copper, silver, zinc, and lead. With operations and assets spanning across the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana, Newmont boasts a significant global presence. Established in 1916 and headquartered in Denver, Colorado, the company is renowned for its substantial gold reserves, exceeding 100 million ounces, underscoring its leadership in the industry. Newmont is committed to sustainable mining practices and robust ESG (Environmental, Social, and Governance) standards, aligning with investor expectations for responsible resource extraction. The company is also recognized for its consistent dividend policy, appealing to income-focused investors. For more information, visit their website at https://www.newmont.com.

Ticker Symbol: NEM Exchange: NYSE Type: common stock Country Origin: United States GICS Sub Industry: Gold

Support: 52.2 Support: 47.0 Support: 43.9 Support: 40.9 Support: 38.1 Support: 36.8

Average Volume 20d: 14,307,700 Last Price: 55.08 SMA 20: 49.41 SMA 50: 46.79 SMA 200: 46.28 ATR: 1.95

Market Cap: $61,965.48M USD P/E: 19.22 P/E Forward: 8.39 P/B: 1.92 P/S: 3.32 RoE: 11.19

3-Month Forecast: Based on the technical and fundamental data, Newmont Corporation (NYSE:NEM) is expected to maintain its bullish momentum. The stock is trading above its SMA 20, SMA 50, and SMA 200, indicating strong positive momentum. The ATR of 1.95 suggests moderate volatility, with potential price targets ranging between $58.00 and $62.00. Support levels at $52.2 and $47.0 are expected to hold, providing a floor for the stock. Fundamentally, the forward P/E of 8.39 indicates potential undervaluation, while the current P/E of 19.22 reflects market confidence. The RoE of 11.19% underscores efficient operations. Overall, NEM is projected to trade in the range of $52.2 to $62.0 over the next three months, with a bullish outlook driven by strong technical indicators and favorable fundamental metrics.