A share price of Newmont Corp [NEM] is currently trading at $42.26, down -1.28%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NEM shares have gain 4.19% over the last week, with a monthly amount drifted -4.04%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Newmont Corp [NYSE: NEM] stock has seen the most recent analyst activity on June 17, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $50 from $40. On February 26, 2024, downgrade downgraded it’s rating to Hold. TD Securities downgraded its rating to a Hold. Macquarie initiated its recommendation with a Outperform and recommended $45 as its price target on November 21, 2023. In a note dated July 21, 2023, CIBC downgraded an Neutral rating on this stock.
Newmont Corp experienced fluctuations in its stock price throughout the past year between $29.42 and $45.92. Currently, Wall Street analysts expect the stock to reach $66.46 within the next 12 months. Newmont Corp [NYSE: NEM] shares were valued at $42.26 at the most recent close of the market. An investor can expect a potential return of 57.26% based on the average NEM price forecast.
Analyzing the NEM fundamentals
Trailing Twelve Months sales for Newmont Corp [NYSE:NEM] were 13.12B which represents 50.58% growth. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.11 and Total Capital is 0.02. 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 41.99 points at the first support level, and at 41.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.74, and for the 2nd resistance point, it is at 43.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Newmont Corp [NYSE:NEM] is 2.15. As well, the Quick Ratio is 1.77, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 3.71, the price to book ratio is 1.69.
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.
