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Newmont (MEX:NEM) 6-Month Price Index : 1.13 (As of Dec. 15, 2024)


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What is Newmont 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-12-15), Newmont's 6-Month Price Index is 1.13.

Competitive Comparison of Newmont's 6-Month Price Index

For the Gold subindustry, Newmont's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index 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  (MEX:NEM) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* 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  (MEX:NEM) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Newmont 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Newmont's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Newmont Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (MEX:NEM) » Definitions » 6-Month Price Index
Comparable Companies
AU RGLD CDE SA CTGO GROY DC CMCL IDR FTCO SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV JSE:GFI SHSE:600547 MIC:PLZL ASX:NST TSX:K
Traded in Other Exchanges
NEMCL:USA NEM:USA NEM:Peru 1NEM:Italy 0R28:UK NMM0:Germany NMM0:Germany NMM0:Germany NMM:Germany NMM:Germany NMM:Germany 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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.