Newmont Corp (NYSE:NEM) shares traded 0.12% higher at $41.94 on Wall Street last session.
NEM stock price is now 5.51% away from the 50-day moving average and 10.80% away from the 200-day moving average. The market capitalization of the company currently stands at $48.36B.
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, while ‘TD Securities’ rates the stock as ‘Hold’
In other news, Atkinson Robert D, EVP & COO sold 5,500 shares of the company’s stock on Jan 02 ’24. The stock was sold for $226,930 at an average price of $41.26. Upon completion of the transaction, the EVP & COO now directly owns 54,251 shares in the company, valued at $2.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01 ’23, EVP & COO Atkinson Robert D sold 5,500 shares of the business’s stock. A total of $221,375 was realized by selling the stock at an average price of $40.25. This leaves the insider owning 59,751 shares of the company worth $2.51 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 $39.904 and a two-hundred day moving average price translates $37.8688 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.
