Stocks of Newmont Corp (NYSE:NEM) traded higher last session on Wall Street, up 0.14% to $43.38.
NEM stock price is now -13.63% away from the 50-day moving average and -1.40% away from the 200-day moving average. The market capitalization of the company currently stands at $49.45B.
On October 30, 2024, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $67 to quote $54, while ‘CIBC’ rates the stock as ‘Neutral’
In other news, Palmer Thomas Ronald, President & CEO sold 13,000 shares of the company’s stock on Nov 01 ’24. The stock was sold for $590,850 at an average price of $45.45. Upon completion of the transaction, the President & CEO now directly owns 258,469 shares in the company, valued at $11.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, EVP & CDO Toth Peter sold 3,000 shares of the business’s stock. A total of $136,350 was realized by selling the stock at an average price of $45.45. This leaves the insider owning 88,596 shares of the company worth $3.84 million. A total of 0.12% 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 $58.72. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 1.96, and a quick ratio of 1.62. The fifty day moving average price for NEM is $50.2272 and a two-hundred day moving average price translates $43.99755 for the stock.
The latest earnings results from Newmont Corp (NYSE: NEM) was released for 2024-09-30. The net profit margin was -7.18% and return on equity was -5.22% for NEM. The company reported revenue of $4.61 billion for the quarter, compared to $2.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 84.72 percent.
