Newmont (LIM:NEM) 6-1 Month Momentum %

: -12.41% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), Newmont's 6-1 Month Momentum % is -12.41%.

The industry rank for Newmont's 6-1 Month Momentum % or its related term are showing as below:

LIM:NEM's 6-1 Month Momentum % is ranked worse than
56.49% of 2544 companies
in the Metals & Mining industry
Industry Median: -10.83 vs LIM:NEM: -12.41

Competitive Comparison

For the Gold subindustry, Newmont's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newmont 6-1 Month Momentum % Distribution

For the Metals & Mining industry and Basic Materials sector, Newmont's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Newmont's 6-1 Month Momentum % falls into.

Newmont (LIM:NEM) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Newmont (LIM:NEM) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Newmont 6-1 Month Momentum % Related Terms

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Newmont (LIM:NEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (LIM:NEM) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

NEM:USA NEM:Mexico NEM_KZ:Kazakhstan 1NEM:Italy 0R28:UK NMM:Germany NEM:Chile NGT:Canada N1EM34:Brazil NEM:Australia NEWM:Austria NEM:Argentina

Address

6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237

Website

https://www.newmont.com

Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.