Newmont NEM
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Newmont (NEM) Business Model and Operations 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, 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.
Key Insights
Newmont (NEM) Core Market Data and Business Metrics
Latest Closing Price
$63.99Market Cap
$68.19 BillionAverage Daily Volume
12,300,154 Shares52-Week Range
$36.86-$62.56Total Outstanding Shares
1.11 Billion SharesCEO
Thomas Ronald PalmerTotal Employees
22,200Current Dividend
$0.25 Per Share QuarterlyIPO Date
December 21, 1951SIC Description
Gold And Silver OresHeadquarters
6900 E Layton Ave, Denver, CO, 80237