In Tuesday’s Wall Street session, Newmont Corp (NYSE:NEM) shares traded at $54.58, down -0.38% from the previous session.
NEM stock price is now 17.57% away from the 50-day moving average and 17.18% away from the 200-day moving average. The market capitalization of the company currently stands at $61.53B.
On January 13, 2025, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $47.20, while ‘CLSA’ rates the stock as ‘Underperform’
In other news, Brook Bruce R, Director sold 2,077 shares of the company’s stock on Apr 01 ’25. The stock was sold for $100,651 at an average price of $48.46. Upon completion of the transaction, the Director now directly owns 45,839 shares in the company, valued at $2.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’25, EVP, Chief Sustain & Dev Off Toth Peter sold 3,000 shares of the business’s stock. A total of $145,380 was realized by selling the stock at an average price of $48.46. This leaves the insider owning 83,526 shares of the company worth $4.56 million. A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, Newmont Corp has had a low of $36.60 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. According to the stock market information, the enterprise value for the company is $67104075776, which is based on a 18.68 price-to-earnings ratio, a 4.58 price-to-earnings-growth ratio, and a beta of 0.28. The fifty day moving average price for NEM is $46.4216 and a two-hundred day moving average price translates $46.57955 for the stock.
The latest earnings results from Newmont Corp (NYSE: NEM) was released for 2024-12-31. 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.
