The stock of Newmont Corp (NYSE:NEM) last traded at $45.49, down -2.09% from the previous session.
NEM stock price is now 11.34% away from the 50-day moving average and -0.12% away from the 200-day moving average. The market capitalization of the company currently stands at $51.79B.
With the price target of $47.20, Goldman recently initiated with Buy rating for Newmont Corp (NYSE: NEM)., while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Toth Peter, EVP & CDO sold 3,000 shares of the company’s stock on Feb 03 ’25. The stock was sold for $128,670 at an average price of $42.89. Upon completion of the transaction, the EVP & CDO now directly owns 79,596 shares in the company, valued at $3.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, EVP & COO Viljoen Natascha sold 9,000 shares of the business’s stock. A total of $386,010 was realized by selling the stock at an average price of $42.89. This leaves the insider owning 136,967 shares of the company worth $6.23 million. A total of 0.20% 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 $40.793 and a two-hundred day moving average price translates $45.5098 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. For the current quarter, analysts expect NEM to generate $5.31B in revenue.
