In yesterday’s Wall Street session, Newmont Corp (NYSE:NEM) shares traded at $48.51, down -2.10% from the previous session.
NEM stock price is now 10.68% away from the 50-day moving average and 24.34% away from the 200-day moving average. The market capitalization of the company currently stands at $55.66B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $61, CIBC recently Upgraded its rating from Neutral to Sector Outperform for Newmont Corp (NYSE: NEM). , while ‘UBS’ rates the stock as ‘Buy’
In other news, Palmer Thomas Ronald, Officer bought 20,000 shares of the company’s stock on Aug 01 ’24. The stock was bought for $990,250 at an average price of $49.51. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, President & CEO Palmer Thomas Ronald sold 13,000 shares of the business’s stock. A total of $547,690 was realized by selling the stock at an average price of $42.13. This leaves the insider owning 331,469 shares of the company worth $16.08 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 $50.13. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 2.11, and a quick ratio of 1.73. The fifty day moving average price for NEM is $43.9168 and a two-hundred day moving average price translates $39.0568 for the stock.
The latest earnings results from Newmont Corp (NYSE: NEM) was released for 2024-06-30. The net profit margin was -13.40% and return on equity was -8.18% for NEM. The company reported revenue of $4.4 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 64.07 percent.
