Newmont Corp (NYSE:NEM) shares traded 1.65% higher at $36.43 on Wall Street last session.
NEM stock price is now 8.52% away from the 50-day moving average and -4.73% away from the 200-day moving average. The market capitalization of the company currently stands at $42.00B.
, 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 $1.98 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 $2.18 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 $33.57 and a two-hundred day moving average price translates $38.24 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 $4.97B in revenue.
