At the time of writing, Newmont Corp [NEM] stock is trading at $38.56, up 1.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEM shares have lost -1.28% over the last week, with a monthly amount glided 12.03%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Newmont Corp fluctuated between $29.42 and $50.18. Currently, Wall Street analysts expect the stock to reach $70.34 within the next 12 months. Newmont Corp [NYSE: NEM] shares were valued at $38.56 at the most recent close of the market. An investor can expect a potential return of 82.42% based on the average NEM price forecast.
Analyzing the NEM fundamentals
According to Newmont Corp [NYSE:NEM], the company’s sales were 11.78B for trailing twelve months, which represents an 24.52% jump. 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 38.03 points at the first support level, and at 37.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.04, and for the 2nd resistance point, it is at 39.52.
Ratios To Look Out For
It is important to note that Newmont Corp [NYSE:NEM] has a current ratio of 1.25. On the other hand, the Quick Ratio is 0.81, and the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 3.78, the price to book ratio is 1.53.
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.
