Newmont Corp (NYSE:NEM) shares traded 0.24% higher at $34.00 on Wall Street last session.
NEM stock price is now 1.08% away from the 50-day moving average and -11.32% away from the 200-day moving average. The market capitalization of the company currently stands at $39.19B.
, while ‘TD Securities’ rates the stock as ‘Hold’
In other news, Atkinson Robert D, EVP & COO sold 5,500 shares of the company’s stock on Jan 02 ’24. The stock was sold for $226,930 at an average price of $41.26. Upon completion of the transaction, the EVP & COO now directly owns 54,251 shares in the company, valued at $1.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01 ’23, EVP & COO Atkinson Robert D sold 5,500 shares of the business’s stock. A total of $221,375 was realized by selling the stock at an average price of $40.25. This leaves the insider owning 59,751 shares of the company worth $2.03 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, Newmont Corp has had a low of $29.42 and a high of $52.76. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.25, and a quick ratio of 0.81. The fifty day moving average price for NEM is $33.56 and a two-hundred day moving average price translates $38.30 for the stock.
The latest earnings results from Newmont Corp (NYSE: NEM) was released for Dec, 2023. According to the Gold Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.63 by 0.05. This compares to $0.02 EPS in the same period last year. The net profit margin was -21.11% and return on equity was -10.34% for NEM. The company reported revenue of $3.96 billion for the quarter, compared to $3.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.66 percent. For the current quarter, analysts expect NEM to generate $5B in revenue.
Newmont Corp(NEM) Company Profile
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, Papua New Guinea, Ecuador, Fiji, and Ghana. The company was founded in 1916 and is headquartered in Denver, Colorado.
