In Monday’s Wall Street session, Newmont Corp (NYSE:NEM) shares traded at $44.04, down -2.85% from the previous session.
NEM stock price is now 5.63% away from the 50-day moving average and -3.73% away from the 200-day moving average. The market capitalization of the company currently stands at $50.14B.
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 $3.51 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 $6.03 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 0.30, a current ratio of 1.63, and a quick ratio of 1.34.
The net profit margin was 17.94% and return on equity was 11.13% for NEM. The company reported revenue of $5.65 billion for the quarter, compared to $3.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.84 percent.
