Stocks of Newmont Corp (NYSE:NEM) traded higher last session on Wall Street, up 1.57% to $53.71.
NEM stock price is now 9.75% away from the 50-day moving average and 31.29% away from the 200-day moving average. The market capitalization of the company currently stands at $61.63B.
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On August 19, 2024, Scotiabank Upgraded its previous ‘Sector Perform’ rating to ‘Sector Outperform’ on the stock increasing its target price from $48 to quote $59, while ‘CIBC’ rates the stock as ‘Sector Outperform’
In other news, Toth Peter, EVP & CDO sold 3,000 shares of the company’s stock on Sep 03 ’24. The stock was sold for $157,410 at an average price of $52.47. Upon completion of the transaction, the EVP & CDO now directly owns 94,596 shares in the company, valued at $5.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, President & CEO Palmer Thomas Ronald sold 20,000 shares of the business’s stock. A total of $1,049,400 was realized by selling the stock at an average price of $52.47. This leaves the insider owning 291,469 shares of the company worth $15.65 million. A total of 0.13% 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 $53.88. 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 $49.1434 and a two-hundred day moving average price translates $40.9873 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.
