Newmont Corp [NEM] stock is trading at $39.65, up 5.12%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NEM shares have gain 10.63% over the last week, with a monthly amount glided 17.94%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Newmont Completes $20 Million Global Community Support Fund, Partnering with Communities for Greater Resilience Post-Pandemic. In a post published today on Yahoo Finance, Global Community Support Fund demonstrates commitment to social responsibility and strengthening community engagement.
From an analyst’s perspective:
Previously, Argus downgraded its rating to Hold on February 26, 2024. On January 09, 2024, downgrade downgraded it’s rating to Hold. Macquarie started tracking the stock assigning a Outperform rating and suggested a price target of $45 on November 21, 2023. CIBC downgraded its rating to Neutral for this stock on July 21, 2023. In a note dated July 07, 2023, Barclays upgraded an Overweight rating on this stock and revised its target price from $62 to $61.
Newmont Corp [NEM] stock has fluctuated between $29.42 and $52.76 over the past year. Currently, Wall Street analysts expect the stock to reach $70.34 within the next 12 months. Newmont Corp [NYSE: NEM] shares were valued at $39.65 at the most recent close of the market. An investor can expect a potential return of 77.4% based on the average NEM price forecast.
Analyzing the NEM fundamentals
Newmont Corp [NYSE:NEM] reported sales of 11.78B for the trailing twelve months, which represents a growth of 24.52%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.11 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 38.17 points at the first support level, and at 36.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.53, and for the 2nd resistance point, it is at 41.40.
Newmont Corp [NEM] reported earnings per share of $0.68 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.63/share, meaning a difference of $0.05 and a surprise factor of 7.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.48 per share as compared to estimates of $0.59 per share, a difference of -$0.11 representing a surprise of -18.60%.
Ratios To Look Out For
For context, Newmont Corp’s Current Ratio is 1.25. Further, the Quick Ratio stands at 0.81, while the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 3.88, the price to book ratio is 1.57.
Transactions by insiders
Recent insider trading involved Atkinson Robert D, EVP & COO, that happened on Jan 02 ’24 when 5500.0 shares were sold. EVP & COO, Atkinson Robert D completed a deal on Dec 01 ’23 to sell 5500.0 shares. Meanwhile, President & CEO Palmer Thomas Ronald sold 11000.0 shares on Nov 01 ’23.
