The stock of Newmont Corp (NYSE:NEM) last traded at $49.02, up 0.47% from the previous session.
NEM stock price is now 9.93% away from the 50-day moving average and 24.72% away from the 200-day moving average. The market capitalization of the company currently stands at $56.25B.
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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 Aug 01 ’24, President & CEO Palmer Thomas Ronald sold 20,000 shares of the business’s stock. A total of $990,250 was realized by selling the stock at an average price of $49.51. This leaves the insider owning 311,469 shares of the company worth $15.27 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 $50.72. 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 $44.7326 and a two-hundred day moving average price translates $39.36665 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. For the current quarter, analysts expect NEM to generate $4.59B in revenue.
