The stock of Newmont Corp (NYSE:NEM) last traded at $52.70, up 0.84% from the previous session.
NEM stock price is now 13.30% away from the 50-day moving average and 31.90% away from the 200-day moving average. The market capitalization of the company currently stands at $60.47B.
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With the price target enhanced from $48 to $59, Scotiabank Upgraded its rating from Sector Perform to Sector Outperform for Newmont Corp (NYSE: NEM). On July 10, 2024, CIBC Upgraded its previous ‘Neutral’ rating to ‘Sector Outperform’ on the stock keeping its target price maintained at $61, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Cage Joshua, CAO and Controller sold 1,000 shares of the company’s stock on Aug 14 ’24. The stock was sold for $49,150 at an average price of $49.15. Upon completion of the transaction, the CAO and Controller now directly owns 21,082 shares in the company, valued at $1.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14 ’24, Officer Cage Joshua bought 1,000 shares of the business’s stock. A total of $49,150 was incurred on buying the stock at an average price of $49.15. 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 $52.71. 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 $46.7502 and a two-hundred day moving average price translates $40.0436 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.
Newmont Corp(NEM) Company Profile
Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana. The company was founded in 1916 and is headquartered in Denver, Colorado.
