A secret that hides Newmont Corp’s strength (NYSE:NEM)

In yesterday’s Wall Street session, Newmont Corp (NYSE:NEM) shares traded at $43.89, down -0.54% from the previous session.

NEM stock price is now 4.43% away from the 50-day moving average and 14.90% away from the 200-day moving average. The market capitalization of the company currently stands at $50.61B.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"


On June 17, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $40 to quote $50, while ‘Jefferies’ rates the stock as ‘Buy’

In other news, Palmer Thomas Ronald, President & CEO sold 13,000 shares of the company’s stock on Jul 01 ’24. The stock was sold for $547,690 at an average price of $42.13. Upon completion of the transaction, the President & CEO now directly owns 331,469 shares in the company, valued at $14.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’24, EVP & COO Atkinson Robert D sold 5,500 shares of the business’s stock. A total of $226,930 was realized by selling the stock at an average price of $41.26. This leaves the insider owning 54,251 shares of the company worth $2.38 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 $45.92. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 2.15, and a quick ratio of 1.77. The fifty day moving average price for NEM is $42.0368 and a two-hundred day moving average price translates $38.21315 for the stock.

The latest earnings results from Newmont Corp (NYSE: NEM) was released for 2024-03-31. The net profit margin was -20.36% and return on equity was -11.08% for NEM. The company reported revenue of $4.02 billion for the quarter, compared to $2.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.17 percent.

Related Posts